Cultured Meat Market Growth, Analysis, and Forecast by 2031

Analyst Perspective 

The global cultured meat market is estimated to register a CAGR of 15%. Rising concerns about traditional meat production are a growth driver for the cultured meat market. High production costs, regulatory concerns, and consumer acceptance are significant challenges hamper cultured meat market growth. Product innovation, improved food security, and reduced environmental impact are growth-driven opportunities for a cultured meat market. Growing demand for healthier protein sources, animal welfare concerns, and technological advancements are significant factors that drive the market of cultured meat.

Market Overview

Cultured meat is a synthetic alternative crafted through tissue engineering and cellular agriculture methods. It mirrors the nutritional benefits of traditional meat, which is rich in omega-3 fatty acids, vitamin b12, protein, and iron. Cultured meat can be tailored to specific nutritional profiles that appeal to health-conscious consumers. The rise in veganism and heightened concern for animal welfare is expected to fuel the expansion of cultured meat. Cultured meat is gaining traction due to its sustainability advantages, providing an eco-friendly substitute to conventional livestock farming by cutting down on land and water usage and lowering greenhouse gas emissions. Beef and poultry are the most popular types of cultured meat, but seafood and other types of meat are also being developed. The market is anticipated to grow in the forecasted period due to increasing consumer demand for sustainable food, food safety, and customized food products.

Market Drivers

• Consumers are increasingly looking for alternatives to traditional meat for alternatives to traditional meat for a variety of reasons, including health concerns, environmental considerations, and animal welfare issues. Cultured meat offers a compelling option that addresses all concerns. It is produced without harming animals, has a lower environmental impact than traditional meat, and can be tailored to be healthier than conventional meat products.
• Consumers are increasingly concerned about the welfare of animals raised for food. Cultured meat does not involve the raising or slaughtering animals, which aligns with the values of many consumers.
• Advances in tissue engineering and cellular agriculture are making it possible to produce cultured meat that is increasingly similar to traditional meat in taste, texture, and nutritional value.

Market Segmentation

The global cultured meat market is segmented based on source and end-use. The global cultured meat market is segmented based on source into poultry, beef, pork, and others. The cultured meat market is segmented based on end-use into nuggets, burgers, meatballs, sausages, and others.

Regional Analysis

The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives an overview and forecast of the global cultured meat market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The cultured meat market by region is also sub-segmented by respective countries and segments. The cultured meat market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the cultured meat market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the cultured meat market in these regions.

Key Players

The reports cover vital organic and inorganic growth strategy developments in the cultured meat market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the cultured meat market are anticipated to have lucrative growth opportunities with the increasing demand for sustainable products in the global market.

The report includes key companies' profiles, SWOT analysis, and cultured meat market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the cultured meat market.

• Memphis Meats
• Biotech Foods
• Just, Inc
• Aleph Farms Ltd
• Avant Meats Company Limited
• Future Meat Technologies Ltd
• Lab Farm Foods
• Finless Foods Inc.
• Meatable
• SuperMeat

Cultured Meat Report Scope