The Global Cultured Meat Market size is expected to reach $319.8 million by 2028, rising at a market growth of 10.2% CAGR during the forecast period.
Cultured meat, also referred to as in vitro meat, is a sort of artificial meat made using tissue engineering and cellular agriculture techniques. Meat has long been used to fulfill human nutritional needs since it is an excellent source of vitamin B12, omega-3 fatty acids, protein, and iron. In vitro meat is created in the lab by putting animal muscle cells into culture conditions for development and proliferation.
The cultured meat market is growing because of a number of factors, comprising low environmental impact, the elimination of the need to raise animals, and a reduction in public health hazards. Alternative protein sources include cultured meat. Consumers are changing the attention to adopting a more healthy diet that promotes a more sustainable lifestyle and reduces reliance on animal proteins. Additionally, people who are allergic to animal-based proteins make up the majority of alternative protein buyers. The increased inclination of consumers for a protein-rich diet as well as the rising dependence on omega-3 fatty acids to meet the demand for critical nutrients is likely to lead to market growth.
The increased demand for nutritious components in developing and improvements in cellular agriculture, as well as an high predisposition toward environmental sustainability and animal welfare, are all anticipated to propel the cultured meat market. At the moment, the market's major participants are concentrating on meat production without slaughter.
The increasing worries about food safety in the consumer products industry are expected to support market growth. This is because of the rising desire for healthful food during the COVID-19 pandemic, demand for in-vitro meat climbed slightly. During the COVID-19 era, in-vitro meat acquired a lot of attention as a way to expand the healthy diet. The industry is growing because of increasing consumer issues about boosting immunity and incorporating nutritional elements into meals. The COVID-19 pandemic had a significant impact on meat production, meat pricing, and the supply chain, resulting in a major socio-economic catastrophe around the world.
The animals population has grown in the previous fifty years, meat consumption has tripled. Animals on farms are subjected to both psychological and physical torture. The reality that billions of animals are reared in deplorable conditions just to serve human taste buds can only be described as brutal and inhumane. The children will definitely look down on slaughters for adopting production-scale animal mistreatment, just as people look down on the forefathers for holding slaves and condoning rampant sexism.
Aside from the apparent advantages for animal welfare, lab-grown meat also has advantages for human health. Antibiotic resistance is yet another big issue of the day that cultured meat could help to address. In addition, antibiotics are fed in high quantities to farm animals as a preventative precaution. As humans ingest farm animal flesh, people unnecessarily take antibiotics, allowing bacteria to develop resistance to it. These antibiotic resistance kills a large number of people every year in various region alone, and the scenario is only expected to get worse. Lesser the consumption of meat and meat-based product, lessen the chances of contracting any animal transmitted diseases.
Customers are being encouraged to consume more legumes, fruits, vegetables, seeds, and nuts as a result of the growing popularity of plant-based products. Additionally, such plant-based goods provide many health benefits, which is engaging more customers. Many people have now increased intake of animal-based meat to diet-related disorders such as heart disease, obesity, type 2 diabetes, and cancer. Plant-based goods, on the other hand, do not induce such diseases, making them a suitable and healthier option for consumers. Many places do not have much preference of consuming meat or artificial meat, hence such population prefer other vegetarian meal to fulfill the nutritional requirements.
Based on Source, the market is segmented into Poultry, Beef, Pork, Duck, and Seafood. The pork segment garnered a significant revenue share in the cultured meat market in 2021. It is due to rising demand; the pork segment will see the most growth over the forecast period. This is because of the excellent flavor and high nutritious value. L-carnitine is abundant in cultured beef. The segment's expansion is attributable to customers' growing worries about food safety. Beef flesh eliminates toxins while also meeting the desire for nutritional nourishment.
Based on End Use, the market is segmented into Burgers, Nuggets, Sausages, Meatballs, and Hot Dogs. The burger segment witnessed the highest revenue share in the cultured meat market in 2021. This is due to the increased demand among consumers for clean beef in dishes like burgers. The growing preference for hamburgers is expected to fuel category expansion. The growing popularity of high-protein is driving market demand. It is because of its lower environmental effect and ethical concerns, cultured meat burgers are the most popular alternative to traditional beef burgers.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 164.7 Million |
| Market size forecast in 2028 | USD 319.8 Million |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 10.2% from 2022 to 2028 |
| Number of Pages | 165 |
| Number of Tables | 302 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Source, End-use, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Egypt, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region in the cultured meat market with the largest revenue share in 2021. It is due to rising demand for in-vitro meat in the United States and Canada. The regional market is recording rising meat and meat product consumption, as well as the accompanying nutritional benefits. There are many key firms based in the United States, which are concentrating on forming strategic partnerships in trying to entice a broad consumer base.
Free Valuable Insights: Global Cultured Meat Market size to reach USD 319.8 Million by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Upside Foods, Inc., Mosa Meat BV, Supermeat The Essence of Meat Ltd., Eat Just, Inc., Integriculture Co. Ltd., Aleph Farms, Finless Foods, Inc., Avant Meats Company Limited, and Future Meat Technologies Ltd.
By Source
By End Use
By Geography
The cultured meat market size is projected to reach USD 319.8 million by 2028.
Better long term health for human beings are driving the market in coming years, however, availability of more healthy alternatives growth of the market.
Upside Foods, Inc., Mosa Meat BV, Supermeat The Essence of Meat Ltd., Eat Just, Inc., Integriculture Co. Ltd., Aleph Farms, Finless Foods, Inc., Avant Meats Company Limited, and Future Meat Technologies Ltd.
The Poultry segment acquired maximum revenue share in the Global Cultured Meat Market by Source in 2021, thereby, achieving a market value of $125.1 million by 2028.
The North America is the fastest growing region in the Global Cultured Meat Market by Region in 2021, and would continue to be a dominant market till 2028.
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