Cultured Meat Market to Grow with a CAGR of 17.7 % Globally 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, “Global Cultured Meat Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, 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.
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"Global Cultured Meat Market”
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.
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, By 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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