Global Cultured Meat Market to Reach US$ 582.6 Million by 2032, Augmented by Rising Demand for Sustainable Alternatives

July 24, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Cultured Meat Market Report by Source (Poultry, Beef, Seafood, Pork, Duck), Application (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), End User (Household, Food Services), and Region 2024-2032,” the global cultured meat market size reached US$ 209.1 Million in 2023. Cultured meat, also known as lab-grown meat, is produced in laboratories by cultivating animal cells without slaughtering any animal. It relies on tissue engineering techniques that allow scientists to grow real meat from a small sample of animal cells while eliminating the need for animal husbandry. It is a sustainable method that requires less water and land, reduces greenhouse gas (GHG) emissions, and resource depletion. Besides this, it assists in reducing the environmental impact as compared to conventional meat production.

Global Cultured Meat Market Trends:

At present, the rising adoption of cultured meat due to specific nutritional requirements among individuals represents one of the major factors impelling the growth of the market. In line with this, the growing demand for safer alternatives that reduce the risk of contaminations and foodborne illnesses are providing a positive market outlook. Additionally, the increasing awareness among consumers about the environmental and ethical implications of conventional meat production is offering lucrative growth opportunities to industry investors. Apart from this, the rising focus on improving the scalability and viability of the cultured meat production process among scientists is supporting the growth of the market. In addition, the growing adoption of cultured meat due to the rising demand for sustainable and animal-friendly alternatives among individuals across the globe is positively influencing the market. Furthermore, technological advancements in biotechnology and tissue engineering that assist in more efficient and cost-effective production of cultured meat are supporting the growth of the market. Looking forward, the market value is projected to reach US$ 582.6 Million by 2032, expanding at a CAGR of 11.8% during 2024-2032.

Market Summary:

  • Based on the source, the market has been divided into poultry, beef, seafood, pork, and duck. Presently, poultry holds the largest market share.
  • On the basis of the application, the market has been classified into nuggets, burgers, meatballs, sausages, and hot dogs.
  • Based on the end user, food services exhibit a clear dominance in the market, followed by the household.
  • Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Aleph Farms, BlueNalu Inc., Cubiq Foods S.L., Finless Foods Inc., Future Meat Technologies, IntegriCulture Inc., Meatable, Mission Barns, Mosa Meat, New Age Meats, Shiok Meats, and Upside Foods.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Source, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aleph Farms, BlueNalu Inc., Cubiq Foods S.L., Finless Foods Inc., Future Meat Technologies, IntegriCulture Inc., Meatable, Mission Barns, Mosa Meat, New Age Meats, Shiok Meats and Upside Foods.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Cultured Meat Market to Reach US$ 582.6 Million by 2032, Augmented by Rising Demand for Sustainable Alternatives
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