Categories: Market Research

Cultivated Meat Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033

Overview and Scope
Cultivated meat, also known as cultured meat, refer to actual meat from animals produced in a lab by directly cultivating animal cells. Cultivated meat is created by harvesting cells from live animals which are grown in a bioreactor by feeding the cells with nutrients. The cultivated meat is used to satisfy the increasing demand for food by the growing human population.

Sizing and Forecast
The cultivated meat market size has grown rapidly in recent years. It will grow from $7.87 billion in 2023 to $9.31 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to environmental concerns, health and nutrition, investment influx, consumer acceptance, cost reduction, culinary innovation.

The cultivated meat market size is expected to see rapid growth in the next few years. It will grow to $17.18 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to scale-up initiatives, market expansion, global regulatory frameworks, competitive market landscape, nutritional tailoring, marketing and branding. Major trends in the forecast period include technological advancements, diverse product offerings, investment and funding, collaborations and partnerships, scaling production.

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The cultivated meat market covered in this report is segmented –

1) By Type: Red Meat, Poultry, Seafood
2) By Sources: Poultry, Beef, Seafood, Pork, Duck
3) By End-User: Nuggets, Burgers, Meatballs, Sausage, Hot dogs, Other End-Users

North America was the largest region in the cultivated meat market in 2023. The regions covered in the cultivated meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Increasing consumption of meat products is expected to propel the growth of the cultivated meat market going forward. Meat products are products that can be used as human food and are created entirely or partially from the meat or other parts of an animal’s carcass. Cultivated meat has the potential to enhance meat consumption in a sustainable fashion by increasing the availability of food and potentially reducing world hunger. Cultivated meat uses fewer natural resources than conventional meat and does not require growing or butchering animals because supplied cells grow eternally. Additionally, the rising trend of protein consumption has favored the increased consumption of meat products. For Instance, in December 2021, according to a report published by the United States Department of Agriculture, a US-based organization for farming, forestry, rural economic development, and food, total per capita consumption of red meat and poultry was 224.1 pounds in 2020 and is projected to increase to 226.9 pounds by 2023. Furthermore, according to the Food and Agriculture Organization (FAO), an Italy-based organization dedicated to improving nutrition and food security, global meat consumption is expected to increase by 15% by 2031 due to population growth, and protein availability from poultry, pork, beef, and sheep meat is expected to increase by 16%, 17%, 8%, and 16%, respectively, by 2031. Therefore, the increasing consumption of meat products will drive the cultivated meat market.

Key Industry Players
Major companies operating in the cultivated meat market report are Aleph Farms Ltd., MosaMeat BV, SuperMeat Just Inc., Integriculture Inc., Finless Foods Inc., Avant Meats Company Limited, UncommonBio, Biofood Systems LTD., Fork & Goode Inc., Mission Barns, Bluenalu Inc., Shiok Meats Pte Ltd., UPSIDE Foods, Clear Meat, Cubiq Foods, Gourmey, Eat Just Inc., Future Meat Technologies, Meatable B.V, José Batista Sobrinho, Agronomics Limited, CULT Food Science Corp, Tyson Foods Inc., Cargill Incorporated, Neto Group, BioTech Foods, LabFarm Foods, BioNaturals, Balletic Foods, Cultured Decadence

The cultivated meat market report table of contents includes:

1. Executive Summary

2. Cultivated Meat Market Characteristics

3. Cultivated Meat Market Trends And Strategies

4. Cultivated Meat Market – Macro Economic Scenario

5. Global Cultivated Meat Market Size and Growth
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31. Global Cultivated Meat Market Competitive Benchmarking

32. Global Cultivated Meat Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cultivated Meat Market

34. Cultivated Meat Market Future Outlook and Potential Analysis

35. Appendix

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