Overview

Global Cultured Meat Market was valued at USD 182 million In 2022. Between 2023 and 2032, this market is estimated to register the highest CAGR of 23.2%. It is expected to reach USD 1388 million by 2032.

Cultured meat, also known as lab-grown or cell-based meat, is produced by cultivating animal cells in a controlled environment. The cultured meat market refers to the commercial sector involved in the research, development, production, and sale of these meat alternatives. This market aims to address various concerns associated with traditional meat production, including animal welfare, environmental sustainability, and food security.

The market is driven by increasing consumer awareness of the environmental impact of livestock farming, including greenhouse gas emissions, land use, and water consumption. Additionally, the desire for cruelty-free meat and the need to meet the protein demands of a growing global population are propelling investment and interest in this sector. Companies and startups are continually innovating to improve the taste, texture, and affordability of cultured meat.

Despite its potential, the cultured meat market faces challenges such as high production costs, regulatory hurdles, and consumer acceptance. However, with advancements in biotechnology and increasing support from investors and governments, the market is poised for significant growth. As technology matures and economies of scale are achieved, cultured meat could become a mainstream food option, transforming the future of food production and consumption.

Key Market Segments

Based on Source

• Poultry

• Seafood

• Red Meat

Based on End-Use

• Nuggets

• Burgers

• Meatballs

• Sausages

• Hotdogs

• Other End-Uses

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In 2022, poultry dominated the cultured meat market with over 39% market share. Chicken consumption has significantly increased in North America during the forecast period, making it the most consumed meat in the US, with over 6 billion chickens slaughtered annually for food. The burgers segment led the market based on end-use, capturing 43% of the market share. The cultured burgers segment is expected to see increased demand due to rising consumer preference for ethical and sustainable meat alternatives.

Key Market Segments

Based on Source

• Poultry

• Seafood

• Red Meat

Based on End-Use

• Nuggets

• Burgers

• Meatballs

• Sausages

• Hotdogs

• Other End-Uses

Driver: The rising concern about animal exploitation and environmental sustainability is significantly influencing consumer attitudes towards meat consumption. As awareness of these issues grows, the demand for cultured meat is expected to increase, driving the global market during the forecast period.

Restraint: The cultured meat market is not yet produced on a large scale, limiting its availability primarily to restaurants and specialty stores. This limited production capacity poses a significant challenge to widespread adoption.

Opportunity: The increasing consumer preference for ethical and sustainable meat alternatives presents a substantial opportunity for growth in the cultured meat market. As more consumers seek environmentally friendly options, the demand for cultured meat products is expected to rise.

Challenge: Scaling up production to meet growing demand while maintaining quality and affordability is a key challenge for manufacturers. Overcoming this challenge is crucial for the successful growth of the global cultured meat market during the forecast period.