Press Release

Cultured Meat Market to Grow with a CAGR of 17.7 % through 2029

Global Cultured Meat Market is propelled by technological innovations, increased investment, and a growing emphasis on sustainability and ethical consumption.

 

According to TechSci Research report, “Cultured Meat Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, Global Cultured Meat Market was valued at USD 222.5 million in 2023 and is expected to reach USD 590.1 million by 2029 with a CAGR of 17.7% during the forecast period. The global cultured meat market represents a revolutionary shift in the way we produce and consume protein. Cultured meat, also known as lab-grown meat, cultivated meat, or cell-based meat, is produced by cultivating animal cells in a controlled environment, replicating the taste, texture, and nutritional profile of traditional meat without the need for raising and slaughtering animals. One of the key drivers propelling the growth of the cultured meat market is the increasing awareness and concerns regarding sustainability, environmental impact, and animal welfare associated with conventional meat production. Cultured meat offers a promising solution by significantly reducing greenhouse gas emissions, land, and water usage, and minimizing animal suffering.

Technological advancements play a pivotal role in the development and scaling of cultured meat. Cell culture techniques, tissue engineering, and bioreactor technologies are among the key pillars driving innovation in this field. Scientists and companies are continually refining these methodologies to optimize production processes, reduce costs, and enhance the quality of cultured meat products. The market landscape is witnessing a surge in research and development efforts, with numerous startups and established companies investing in cultured meat technology. These entities are striving to overcome technical challenges, such as achieving cost-efficient and scalable production, ensuring the safety and nutritional equivalence of cultured meat, and obtaining regulatory approvals. Regulatory frameworks and public acceptance are critical factors influencing the market trajectory. Regulatory bodies across different regions are evaluating and establishing guidelines to ensure the safety and labeling of cultured meat products. Concurrently, consumer acceptance and education about the benefits and safety of cultured meat are pivotal for widespread adoption.

Collaborations between academia, industry players, and government institutions are fostering an ecosystem conducive to innovation and commercialization. Partnerships aimed at advancing research, scaling production, and addressing technological barriers are instrumental in driving the industry forward. Despite the promising prospects, the cultured meat market faces challenges, including the need to scale production to meet demand, reducing production costs, addressing technical hurdles in texture and taste replication, and navigating complex regulatory landscapes. Looking ahead, the future of the global cultured meat market appears promising, with significant investments, technological advancements, evolving consumer preferences, and a growing awareness of its potential environmental and ethical benefits. Continued research, innovation, and collaborations are expected to propel this industry toward mainstream acceptance, potentially revolutionizing the way we produce and consume meat in the coming years.

 

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Global Cultured Meat Market

 

The global cultured meat market is segmented into source, end-use, distribution channel, and region.

Based on source, the poultry segment has emerged as a dominant segment within the global cultured meat market. Primarily, the poultry segment's appeal stems from its potential to address various concerns associated with traditional poultry production. With rising environmental consciousness and concerns about animal welfare, consumers are increasingly seeking sustainable and cruelty-free alternatives. Cultured poultry meat offers a compelling solution by providing real meat without the need for extensive land use, water consumption, or the ethical dilemmas surrounding conventional poultry farming. Moreover, the scalability and efficiency of producing cultured poultry have contributed to its dominance. The rapid replication of avian cells in controlled laboratory settings allows for a more streamlined and predictable production process compared to other types of cultured meats, positioning poultry as a frontrunner in the market's growth trajectory. The substantial investments and research focus dedicated specifically to advancing cultured poultry technologies have also bolstered its prominence. Companies and research institutions have been actively refining cultivation techniques, bioreactor designs, and cell culturing methodologies tailored to poultry cells, accelerating the development and commercialization of poultry-based cultured meat products.

 

Major companies operating in global Cultured Meat market are:

  • BioFood Systems Ltd
  • Simple Foods Inc. 
  • Shiok Meats Pte Ltd
  • Supermeat The Essence Of Meat Ltd. 
  • Meatable B.V. 
  • Mosa Meat B.V.
  • Fork & Good, Inc.
  • Future Meat Technologies Ltd
  • Upside Foods, Inc.
  • Eat Just, Inc.

 

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“The global cultured meat market represents a groundbreaking paradigm shift in food production, offering a sustainable and innovative approach to meat consumption. This burgeoning market, propelled by advancements in biotechnology and cellular agriculture, aims to revolutionize the way meat is produced by cultivating real animal tissue without the need for raising and slaughtering animals. With its potential to address key challenges such as environmental degradation, animal welfare concerns, and resource inefficiencies associated with traditional meat production, the market for cultured meat has garnered significant attention worldwide. Investment influx from both traditional agricultural sectors and tech-driven ventures, coupled with growing consumer awareness and demand for ethically produced, environmentally friendly food options, has accelerated the market's growth. As research and development continue to refine production techniques and reduce costs, the global cultured meat market stands poised for expansion, promising a sustainable and ethical alternative to conventional meat that could reshape the future of food.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

Cultured Meat Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Source (Poultry, Beef, Seafood, Pork, Duck), By End-Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), By Distribution Channel (Direct-to-consumer, Foodservice, and Retail), By Region & Competition, 2019-2029F", has evaluated the future growth potential of global cultured meat market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global cultured meat market.


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