The global cultured meat market was valued at USD 246.9 million in 2022 and is anticipated to experience significant growth, expanding at a compound annual growth rate (CAGR) of 51.6% from 2023 to 2030. This remarkable growth is primarily driven by technological advancements in the alternative proteins sector, which are facilitating a shift toward more sustainable food systems worldwide. As the demand for alternative sources of protein increases, cultured meat—produced by cultivating animal cells instead of raising and slaughtering animals—is emerging as a viable solution to address challenges such as meat shortages and the environmental impact of traditional meat production.

The increasing global population is placing additional strain on the traditional meat supply chain, while the environmental consequences of conventional meat production, such as land degradation, water consumption, and greenhouse gas emissions, are becoming more apparent. This is leading to a growing awareness of the need for sustainable food sources, driving both consumers and businesses to explore innovative alternatives. Cultured meat offers a solution by providing an environmentally friendly, more efficient, and ethical method of producing meat.

At the same time, the growing vegan population and increasing consumer interest in animal welfare are also fueling the demand for cultured meat. As more people adopt plant-based or flexitarian diets, there is a rising sentiment in favor of reducing animal cruelty and promoting ethical food sources. These societal trends are pushing the cultured meat market forward, as consumers seek alternatives that align with their values.

Although the cultured meat market is still in its early stages, significant research and development (R&D) efforts are underway to scale up production. Industry players are working on refining the technology and processes to make cultured meat more cost-effective and accessible to a broader consumer base. Furthermore, obtaining regulatory approvals for cultured meat products remains a key focus for many companies, as securing these approvals is a necessary step toward commercializing cultured meat on a large scale.

Gather more insights about the market drivers, restrains and growth of the Cultured Meat Market

Regional Insights

North America held the dominant share of the global cultured meat market, accounting for more than 35% of the market in 2022. This market leadership is largely driven by the increasing demand for sustainable meat and poultry products and the presence of key industry players in the region. North America, particularly the U.S., has seen a rise in investments in cell agriculture technologies, with companies like Fork & Goode and BlueNalu at the forefront of developing cultivated meat products. These companies are focusing on advancing the production processes for cultured meats, including fish and seafood, to make them more accessible to consumers in the region.

Moreover, favorable government regulations have also contributed to the growth of the cultured meat market in North America. In March 2019, the U.S. Department of Agriculture (USDA) and the Food and Drug Administration (FDA) established an agreement to jointly oversee the production of cultured meat products made from the cells of poultry and livestock. This regulatory clarity has encouraged further investment and development in the industry, particularly in cultured poultry products, which are gaining popularity as a sustainable alternative to conventionally farmed meat.

Asia Pacific Growth Potential

The Asia Pacific region is poised to experience the fastest growth in the cultured meat market, with a projected compound annual growth rate (CAGR) of 52.9% from 2023 to 2030. Several factors are contributing to this rapid growth, including steady meat consumption patterns and the rise in disposable income among consumers, particularly in countries like China and India. According to the Food and Agriculture Organization (FAO), in 2021, there was a notable increase in per capita beef consumption in the region, further driving the demand for alternative sources of meat such as cultured meat.

Another significant factor contributing to the growth of the cultured meat market in Asia Pacific is the increase in investments in lab-grown seafood, which is gaining popularity as a sustainable alternative to traditional fishing and seafood farming. Moreover, the supportive government initiatives in countries like Singapore and China are playing a key role in nurturing the growth of the cultivated meat industry. For example, in December 2020, the Singapore Food Agency (SFA) became the first regulatory body in the world to approve the sale of cultivated chicken by the company Eat Just, marking a major milestone in the commercialization of lab-grown meat in Asia and globally.

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Key Companies & Market Share Insights

The cultured meat market is characterized by the presence of a mix of startups and emerging companies, alongside established players, all vying to capture market share in this fast-evolving industry. These companies are employing a variety of growth strategies to gain a competitive edge, such as mergers and acquisitions, expansion of production facilities, increased investment in research and development (R&D), and new product launches.

One notable example is Avant Meats Company Limited, which recently announced a Series A funding round of around USD 10.8 million. This funding, backed by S2G Ventures, the direct investment arm of Builders Vision, will enable the company to commercialize marine protein and cultivated fish, scale up production, and bring high-quality, lab-grown seafood products to market. The investment will help Avant Meats strengthen its position as a leader in the growing market for lab-grown fish and seafood.

In Europe, Mosa Meat and Nutreco are making strides with their ‘Feed for Meat’ project, which received a grant of nearly USD 2.17 million from the European REACT-EU recovery assistance program. This grant will fund R&D focused on advancing cellular agriculture and bringing cultivated beef to the European market. The research will specifically address improving the ‘basa’ or base media in which beef cells grow, enhancing the efficiency and scalability of cultured meat production.

Some prominent players in the global cultured meat market include: -

• Aleph Farms

• Avant Meats Company Limited

• Biftek INC

• Mosa Meat

• BlueNalu, Inc.

• BioFood Systems Ltd

• WildType

• New Age Eats

• Shiok Meats Pte Ltd

• SuperMeat

• Meatable

• Finless Foods, Inc

• Fork & Good, Inc.

• Future Meat Technologies Ltd

• UPSIDE Foods

• Mission Barns

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