Cultured Meat Market Trends: What’s Driving Growth?
The global cultured meat market was valued at USD 246.9 million in 2022 and is anticipated to grow at an impressive compound annual growth rate (CAGR) of 51.6% from 2023 to 2030. This rapid expansion is largely driven by ongoing technological advancements in the alternative protein sector, which are pushing the global food system toward more sustainable and ethically produced food sources. As the global population continues to grow, there is an increasing demand for sustainable meat options, particularly given the challenges associated with meat shortages and the significant environmental impact of traditional meat production.
The cultured meat industry is gaining traction as a potential solution to these challenges. Cultured meat, often referred to as lab-grown meat, is produced by cultivating animal cells in a controlled environment, offering a way to produce meat without raising and slaughtering animals. Growing consumer awareness about environmental sustainability, coupled with the urgent need to secure meat supply, is accelerating interest in cultured meat as a viable alternative to conventional meat.
Additionally, there is an emerging vegan population and an increasing number of consumers who are concerned with animal welfare. These shifts in consumer sentiment are expected to further fuel the growth of the cultured meat market, as many individuals are seeking more ethical, sustainable, and animal-friendly food options. Although the market for cultured meat is still in its early stages, significant research and development (R&D) efforts are underway to scale up production and make cultured meat commercially viable. Key market players are focusing on obtaining the regulatory approvals required to bring cultured meat products to market on a larger scale.
Gather more insights about the market drivers, restrains and growth of the Cultured Meat Market
End-Use Insights
In terms of revenue, the burgers segment dominated the cultured meat market with a share of approximately 41% in 2022. The growing demand for sustainable and ethical meat alternatives is expected to drive the continued popularity of cultured meat burgers. Cultured meat burgers offer a significant opportunity to reduce the environmental footprint of the meat industry, which is responsible for high greenhouse gas emissions and other ecological impacts. As consumers increasingly seek out ethical, sustainable, and clean food options, the cultured burger segment is poised for substantial growth.
Several startups and established companies are innovating in the cultivated meat space, and partnerships are emerging to advance production capabilities. For example, in January 2020, Mosa Meat, the creator of the world’s first cultured meat hamburger, partnered with Nutreco, an animal nutrition company, to develop a nutrient-rich liquid to support the scaling-up of their production process. These collaborations are expected to contribute to the growth of the cultured burger segment, making it more accessible to consumers and facilitating wider adoption.
The meatballs segment is forecast to experience the fastest CAGR of 52.5% over the forecast period. Processed meat products like meatballs are popular in supermarkets and among consumers due to their convenience and taste appeal. As consumers become more aware of the health benefits of cultured meats—such as reduced fat content, lower levels of antibiotics and hormones, and cleaner production processes—the demand for cultured meat products like meatballs is expected to grow rapidly.
The trend of shifting consumer preferences toward clean meats and alternative proteins is also contributing to the rising demand for cultured meatballs, as they offer an opportunity to enjoy a familiar, popular meat product without the associated ethical and environmental concerns. The growth of the cultured meatball segment is expected to be supported by the increasing consumer base and broader acceptance of lab-grown meat products, as well as the convenience and versatility of meatballs in various cuisines.
Order a free sample PDF of the Cultured Meat Market Intelligence Study, published by Grand View Research.
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Russian
Romaian