Cultured Meat Market Insights and Growth 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cultured Meat Market - By Sources
1.3.2 Cultured Meat Market - By End Use
1.3.3 Cultured Meat Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CULTURED MEAT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. CULTURED MEAT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CULTURED MEAT MARKET - GLOBAL MARKET ANALYSIS
6.1. CULTURED MEAT - GLOBAL MARKET OVERVIEW
6.2. CULTURED MEAT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CULTURED MEAT MARKET - REVENUE AND FORECASTS TO 2028 - SOURCES
7.1. OVERVIEW
7.2. SOURCES MARKET FORECASTS AND ANALYSIS
7.3. POULTRY
7.3.1. Overview
7.3.2. Poultry Market Forecast and Analysis
7.4. PORK
7.4.1. Overview
7.4.2. Pork Market Forecast and Analysis
7.5. BEEF
7.5.1. Overview
7.5.2. Beef Market Forecast and Analysis
7.6. SEAFOOD
7.6.1. Overview
7.6.2. Seafood Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. CULTURED MEAT MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. NUGGETS
8.3.1. Overview
8.3.2. Nuggets Market Forecast and Analysis
8.4. BURGERS
8.4.1. Overview
8.4.2. Burgers Market Forecast and Analysis
8.5. MEATBALLS
8.5.1. Overview
8.5.2. Meatballs Market Forecast and Analysis
8.6. SAUSAGES
8.6.1. Overview
8.6.2. Sausages Market Forecast and Analysis
8.7. HOT DOGS
8.7.1. Overview
8.7.2. Hot Dogs Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. CULTURED MEAT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cultured Meat Market Overview
9.1.2 North America Cultured Meat Market Forecasts and Analysis
9.1.3 North America Cultured Meat Market Forecasts and Analysis - By Sources
9.1.4 North America Cultured Meat Market Forecasts and Analysis - By End Use
9.1.5 North America Cultured Meat Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cultured Meat Market
9.1.5.1.1 United States Cultured Meat Market by Sources
9.1.5.1.2 United States Cultured Meat Market by End Use
9.1.5.2 Canada Cultured Meat Market
9.1.5.2.1 Canada Cultured Meat Market by Sources
9.1.5.2.2 Canada Cultured Meat Market by End Use
9.1.5.3 Mexico Cultured Meat Market
9.1.5.3.1 Mexico Cultured Meat Market by Sources
9.1.5.3.2 Mexico Cultured Meat Market by End Use
9.2. EUROPE
9.2.1 Europe Cultured Meat Market Overview
9.2.2 Europe Cultured Meat Market Forecasts and Analysis
9.2.3 Europe Cultured Meat Market Forecasts and Analysis - By Sources
9.2.4 Europe Cultured Meat Market Forecasts and Analysis - By End Use
9.2.5 Europe Cultured Meat Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cultured Meat Market
9.2.5.1.1 Germany Cultured Meat Market by Sources
9.2.5.1.2 Germany Cultured Meat Market by End Use
9.2.5.2 France Cultured Meat Market
9.2.5.2.1 France Cultured Meat Market by Sources
9.2.5.2.2 France Cultured Meat Market by End Use
9.2.5.3 Italy Cultured Meat Market
9.2.5.3.1 Italy Cultured Meat Market by Sources
9.2.5.3.2 Italy Cultured Meat Market by End Use
9.2.5.4 United Kingdom Cultured Meat Market
9.2.5.4.1 United Kingdom Cultured Meat Market by Sources
9.2.5.4.2 United Kingdom Cultured Meat Market by End Use
9.2.5.5 Russia Cultured Meat Market
9.2.5.5.1 Russia Cultured Meat Market by Sources
9.2.5.5.2 Russia Cultured Meat Market by End Use
9.2.5.6 Rest of Europe Cultured Meat Market
9.2.5.6.1 Rest of Europe Cultured Meat Market by Sources
9.2.5.6.2 Rest of Europe Cultured Meat Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cultured Meat Market Overview
9.3.2 Asia-Pacific Cultured Meat Market Forecasts and Analysis
9.3.3 Asia-Pacific Cultured Meat Market Forecasts and Analysis - By Sources
9.3.4 Asia-Pacific Cultured Meat Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Cultured Meat Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cultured Meat Market
9.3.5.1.1 Australia Cultured Meat Market by Sources
9.3.5.1.2 Australia Cultured Meat Market by End Use
9.3.5.2 China Cultured Meat Market
9.3.5.2.1 China Cultured Meat Market by Sources
9.3.5.2.2 China Cultured Meat Market by End Use
9.3.5.3 India Cultured Meat Market
9.3.5.3.1 India Cultured Meat Market by Sources
9.3.5.3.2 India Cultured Meat Market by End Use
9.3.5.4 Japan Cultured Meat Market
9.3.5.4.1 Japan Cultured Meat Market by Sources
9.3.5.4.2 Japan Cultured Meat Market by End Use
9.3.5.5 South Korea Cultured Meat Market
9.3.5.5.1 South Korea Cultured Meat Market by Sources
9.3.5.5.2 South Korea Cultured Meat Market by End Use
9.3.5.6 Rest of Asia-Pacific Cultured Meat Market
9.3.5.6.1 Rest of Asia-Pacific Cultured Meat Market by Sources
9.3.5.6.2 Rest of Asia-Pacific Cultured Meat Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cultured Meat Market Overview
9.4.2 Middle East and Africa Cultured Meat Market Forecasts and Analysis
9.4.3 Middle East and Africa Cultured Meat Market Forecasts and Analysis - By Sources
9.4.4 Middle East and Africa Cultured Meat Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Cultured Meat Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cultured Meat Market
9.4.5.1.1 South Africa Cultured Meat Market by Sources
9.4.5.1.2 South Africa Cultured Meat Market by End Use
9.4.5.2 Saudi Arabia Cultured Meat Market
9.4.5.2.1 Saudi Arabia Cultured Meat Market by Sources
9.4.5.2.2 Saudi Arabia Cultured Meat Market by End Use
9.4.5.3 U.A.E Cultured Meat Market
9.4.5.3.1 U.A.E Cultured Meat Market by Sources
9.4.5.3.2 U.A.E Cultured Meat Market by End Use
9.4.5.4 Rest of Middle East and Africa Cultured Meat Market
9.4.5.4.1 Rest of Middle East and Africa Cultured Meat Market by Sources
9.4.5.4.2 Rest of Middle East and Africa Cultured Meat Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cultured Meat Market Overview
9.5.2 South and Central America Cultured Meat Market Forecasts and Analysis
9.5.3 South and Central America Cultured Meat Market Forecasts and Analysis - By Sources
9.5.4 South and Central America Cultured Meat Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Cultured Meat Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cultured Meat Market
9.5.5.1.1 Brazil Cultured Meat Market by Sources
9.5.5.1.2 Brazil Cultured Meat Market by End Use
9.5.5.2 Argentina Cultured Meat Market
9.5.5.2.1 Argentina Cultured Meat Market by Sources
9.5.5.2.2 Argentina Cultured Meat Market by End Use
9.5.5.3 Rest of South and Central America Cultured Meat Market
9.5.5.3.1 Rest of South and Central America Cultured Meat Market by Sources
9.5.5.3.2 Rest of South and Central America Cultured Meat Market by End Use
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CULTURED MEAT MARKET, KEY COMPANY PROFILES
11.1. MEMPHIS MEATS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MOSAMEAT
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SUPERMEAT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JUST, INC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INTEGRICULTURE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ALEPH FARMS LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. FINLESS FOODS INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. AVANT MEATS COMPANY LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BALLETIC FOODS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. FUTURE MEAT TECHNOLOGIES LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. APPLETON MEATS
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. HIGHER STEAKS
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. BIOFOOD SYSTEMS LTD
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
11.14. FORK AND GOODE
11.14.1. Key Facts
11.14.2. Business Description
11.14.3. Products and Services
11.14.4. Financial Overview
11.14.5. SWOT Analysis
11.14.6. Key Developments
11.15. MEATABLE
11.15.1. Key Facts
11.15.2. Business Description
11.15.3. Products and Services
11.15.4. Financial Overview
11.15.5. SWOT Analysis
11.15.6. Key Developments
11.16. MISSION BARNS
11.16.1. Key Facts
11.16.2. Business Description
11.16.3. Products and Services
11.16.4. Financial Overview
11.16.5. SWOT Analysis
11.16.6. Key Developments
11.17. BLUENALU, INC.
11.17.1. Key Facts
11.17.2. Business Description
11.17.3. Products and Services
11.17.4. Financial Overview
11.17.5. SWOT Analysis
11.17.6. Key Developments
11.18. NEW AGE MEATS
11.18.1. Key Facts
11.18.2. Business Description
11.18.3. Products and Services
11.18.4. Financial Overview
11.18.5. SWOT Analysis
11.18.6. Key Developments
11.19. SHIOK MEATS
11.19.1. Key Facts
11.19.2. Business Description
11.19.3. Products and Services
11.19.4. Financial Overview
11.19.5. SWOT Analysis
11.19.6. Key Developments
11.20. SEAFUTURE SUSTAINABLE BIOTECH
11.20.1. Key Facts
11.20.2. Business Description
11.20.3. Products and Services
11.20.4. Financial Overview
11.20.5. SWOT Analysis
11.20.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Memphis Meats
2. MosaMeat
3. SuperMeat
4. Just, Inc
5. Integriculture
6. Aleph Farms Ltd
7. Finless Foods Inc.
8. Avant Meats Company Limited
9. Balletic Foods
10. Future Meat Technologies Ltd
11. Appleton Meats
12. Higher Steaks
13. Biofood Systems LTD
14. Fork and Goode
15. Meatable
16. Mission Barns
17. Bluenalu, Inc.
18. New Age Meats
19. Shiok Meats
20.Seafuture Sustainable Biotech
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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