Global Cultured Meat Market Synopsis

Global Cultured Meat Market Size Was Valued at USD 2.38 Billion in 2023 and is Projected to Reach USD 7.56 Billion by 2032, Growing at a CAGR of 13.7 % from 2024-2032.

Cultured meat, also known as the law, is produced through in vitro cell culture instead of animal slaughter. This method replicates the taste, texture, and aroma of farmed meat by transferring farm animals' cells into a controlled medium containing nutrients and growth factors. The process involves various conditions and substances to provide the necessary nutrition for tissue growth.

• Lab-grown meat is another name for cultured meat. It pertains to lab-grown meat created in a controlled environment. This type of meat is created from a small number of animal cells and, while it is classified as genuine meat, the lab-grown version eliminates the need for animals to be killed as in the process of making conventional meat. The primary idea driving the development of lab-grown meat is to establish a sustainable environment for animals and humans to live together while also aiming to make the meat industry more humane.
• Lab-grown meat is created using stem cells, which are the fundamental cells for all living organisms. The animal stem cells are produced in a lab by immersing them in a liquid that helps them replicate. After finishing these steps, the whole unit is put into a bioreactor. It is a laboratory apparatus utilized for cultivating animals.
• Consumers are more and more interested in cultured meat because it has a smaller environmental impact, with lower levels of greenhouse gas emissions and less land usage. Health-conscious individuals are adopting cultured meat as a healthier option compared to traditional meat due to its lower saturated fats and the ability to personalize nutrition profiles.
• Consumers are increasingly drawn to cultured meat as its flavors and textures mimic those of traditional meat products. Consumers who prioritize animal welfare opt for cultured meat as a more compassionate choice. Cultured meat is in line with the choices of people who follow plant-based diets, providing a sustainable protein source.

Key Industry Player:

BlueNalu, Inc. (U.S.), WildType (U.S.), New Age Eats (U.S.), Finless Foods, Inc (U.S.), Fork & Good, Inc. (U.S.), UPSIDE Foods (U.S.), Mission Barns (U.S.), Beyond Meat (U.S.), Memphis Meats (U.S.), BioBQ (U.S.), Impossible Foods (U.S.), Eat Just (U.S.), Mosa Meat (Netherlands), Meatable (Netherlands), BioFood Systems Ltd (U.K.), Avant Meats Company Limited (Hong Kong), Shiok Meats Pte Ltd (Singapore), IntegriCulture (Japan), Aleph Farms (Israel), SuperMeat (Israel), and other active players.

Global Cultured Meat Market Trend Analysis

Increasing worries about the unethical treatment of animals in the meat industry will propel market expansion

• Growth of the worldwide cultured meat market is expected due to rising awareness of the unethical treatment of animals in the traditional meat industry. The issue of animal cruelty on farms has captured the interest of many animal welfare organizations, NGOs, and the public. Animals experience cruel treatment on farms. The animals are housed in very tight spaces to lower the total operating expenses of a farm. For example, layer hens are typically housed in battery cages with minimal space provided for their mobility. Many animals are regularly genetically manipulated and mutilated to meet the increasing demand in the food industry for a large supply of animals.
• Such treatment affects not just the physical health of an animal but also has lasting effects on its emotional well-being. Different animal welfare organizations, both global and local, have started campaigns to raise awareness and improve understanding of the treatment of animals. These factors are expected to increase the desire for cultured meat as lab-grown meat production is animal-friendly. Just a small number of stem cells are removed to grow a whole portion of animal meat.

Affordable, Local-Cultured Meat as an Alternative to Meat Imports in Southeast Asia

• The promising market opportunity is being presented by the high per capita meat consumption and significant meat imports in emerging Southeast Asian economies. As these economies expand, their growing middle-class populations are leading to higher meat consumption, putting significant stress on traditional livestock farming. Cultured meat can help bridge this divide by providing an eco-friendly and locally sourced option compared to conventional meat sources.
• The use of meat imports in these areas creates opportunities for affordable, locally-made cultured meat, decreasing reliance on external sources and enhancing food security. Cultured meat's ability to meet consumer desires for ethical and sustainable food options positions it well to meet the demand for meat in these economies, while also tackling environmental and resource limitations. This is a great chance for cultured meat producers to gain a presence in the growing cultured meat market. For example, Cell AgriTech, a recently founded cultivated meat company in Malaysia, has revealed intentions to complete the building of Malaysia's inaugural cultivated meat facility by the conclusion of 2024.
• Singapore is known for approving cultured meat products, especially those created by GOOD Meat. Singapore, which started building Asia's biggest cultured meat plant last year, is also home to other cultured meat producers such as Umami from Mihir's company.

Global Cultured Meat Market Segment Analysis:

Global Cultured Meat Market Segmented by Type, Source, End User, and Region

By Type, the Red Meat Sector Segment Is Expected to Dominate the Market During the Forecast Period.

• The Red meat sector had the largest market share in 2023. Red meat includes muscle meat from mammals like beef, lamb, pork, veal, venison, and goat. Cultivated red meat is created by collecting muscle cells from living cows. During the forecast period, cultured red meat is expected to become more popular in the global cultured meat market.
• This is mainly due to the widespread preference for traditional red meat by non-vegetarians. Red meat is among the most widely eaten types of meat globally. The reason for this is the many advantages linked to eating red meat, including aiding muscle growth and maintaining muscle mass, supplying vital vitamins and minerals for good health, and boosting the immune system, which is predicted to drive the growth of the cultured meat market.

By End User, The Food Service Segment Held the Largest Share.

• The sector of food service, including hotels, fast food chains, catering services, and others, held the top position in the cultured meat market share for 2023 and is expected to maintain its leadership. This industry has a significant share in the consumption of lab-grown meat. Various factors play a role in this leadership, including the increase in urbanization, higher disposable incomes, and the popularity of dining out.
• The growth of food delivery apps worldwide has also fueled the expansion of restaurants and hotels, driving further growth in the cultured meat market. The convenience provided by these apps is driving the growth, making it easier for consumers to try new food choices such as cultured meat.

Global Cultured Meat Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The cultured meat market in the Asia-Pacific region is thriving with an increasing number of participants. These companies are proactively creating new products and increasing production capabilities in preparation for an expected increase in demand. In December 2020, Singapore made history by approving the first cultured meat product for commercial sale.
• This revolutionary innovation from Eat Just, Inc. uses bioreactors to create genuine meat without any harm to animals. The innovative process starts with cells from a bank, removing the necessity to kill chickens or extract biopsies from living animals. This advancement represents a major step forward for the cultured meat sector in Asia-Pacific and around the world

Active Key Players in the Global Cultured Meat Market

• BlueNalu, Inc. (U.S.)
• WildType (U.S.)
• New Age Eats (U.S.)
• Finless Foods, Inc (U.S.)
• Fork & Good, Inc. (U.S.)
• UPSIDE Foods (U.S.)
• Mission Barns (U.S.)
• Beyond Meat (U.S.)
• Memphis Meats (U.S.)
• BioBQ (U.S.)
• Impossible Foods (U.S.)
• Eat Just (U.S.)
• Mosa Meat (Netherlands)
• Meatable (Netherlands)
• BioFood Systems Ltd (U.K.)
• Avant Meats Company Limited (Hong Kong)
• Shiok Meats Pte Ltd (Singapore)
• IntegriCulture (Japan)
• Aleph Farms (Israel)
• SuperMeat (Israel)

Key Industry Developments in the Global Cultured Meat Market:

• In September 2023, The Halal Products Development Company (HPDC) and US-based Eat Just Inc. announced a strategic partnership to facilitate Eat Just's entry into the Halal market. HPDC, a subsidiary of the Public Investment Fund of Saudi Arabia, will advise Eat Just on obtaining Halal certification and approvals. The collaboration will also involve developing a strategy for Eat Just to export its innovative food products to Halal markets across
• In March 2023, BlueNalu signed a Letter of Intent with Nutreco in a move to advance cell-cultured protein. This collaboration focuses on building a food-grade supply chain specifically for cell-cultured seafood production. This builds on prior successful collaborations between the two companies. The agreement highlights the growing interest in alternative proteins and the steps being taken to bring them to market