Lab-Based Meat Market Opportunities 2031
MARKET INTRODUCTION
Lab-based meat, also known as cultured meat or in-vitro meat, is a form of artificial meat made using tissue engineering. It is regarded as a form of cellular agriculture. For decades, animal meat has been consumed to satisfy the body’s nutritional needs, as it is an excellent source of omega-3 fatty acids, vitamin B12, protein, and iron. Lab-based meat is created in the lab/in-vitro by culturing muscle cells from animals and allowing them to expand and proliferate in culture media.
MARKET DYNAMICS
This market is still in its development stage and products are not available commercially yet. However, this scenario is projected to change in the near future with relaxing regulations around lab-based meat. The lab-based meat market is expected to witness significant growth during the upcoming years due to the rising consumer preference for consuming the substitute for animal-based products. Increasing environmental concerns are one of the key drivers for the development of lab-based meat. The environmental impacts of lab-based meat are significantly lower than from traditional animal husbandry. Along with that, the growing concerns over animal cruelty for meat production have created a valuable impact on consumer mindset on consuming meat products. Developed regions such as Europe and North America are registering a higher consumption of meat analog products, resulting in the high market growth for lab-based meat in the regions. The ever-growing population and demand for food along with it will be another key driving factor for the growth of the market. Implementation of stringent regulations for naturally adapted food products are expected to have a negative influence on the development of lab-based meat. For an instance, In the European Union, novel foods such as lab-based meat products have to go through a testing period of about 18 months during which a company must prove to the European Food Safety Authority (EFSA) that their product is safe. Additionally, high product prices, consumer acceptance, and a lack of knowledge regarding in-vitro meat cultivation are also hampering the market growth. However, with the steady growth in the food processing industry and the tissue engineering sector, there will be opportunities for the market players to invest in this market.
MARKET SCOPE
The “Global Lab-based meat Market Analysis to 2031” is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lab-based meat market with detailed market segmentation by source, end-use, and geography. The global lab-based meat market is expected to witness tremendous growth during the forecast period. The report provides key statistics on the market status of the leading lab-based meat market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lab-based meat market is segmented on the basis of source and end-use. Based on the source, the global lab-based meat market is segmented into poultry, beef, pork, and others. On the basis of end-use, the market is segmented into burgers, nuggets, meatballs, sausages, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lab-based meat market based on various segments. It also provides market size and forecast estimates from the year 2023 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The lab-based meat market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the lab-based meat market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends.
MARKET PLAYERS
The reports cover key developments in the lab-based meat market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from lab-based meat market are anticipated to have lucrative growth opportunities in the future with the rising demand for lab-based meat in the global market. Below mentioned is the list of a few companies engaged in the lab-based meat market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lab-based meat market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information, and key development.
- Memphis Meats
- Biotech Foods
- Eat Just, Inc
- Aleph Farms Ltd
- Avant Meats Company Limited
- Future Meat Technologies Ltd
- Lab Farm Foods
- Finless Foods Inc.
- Meatable
- SuperMea
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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Lab-based Meat Market - By Source
1.3.2 Lab-based Meat Market - By End Use
1.3.3 Lab-based Meat Market - By Region
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LAB-BASED MEAT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PATENT ANALYSIS.
4.3. REGULATORY FRAMEWORK, BY KEY COUNTRIES
4.4. EXPERT OPINIONS
5. LAB-BASED MEAT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. KEY MARKET CHALLENGES
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
5.6. IMPACT OF TRADITIONAL MEAT INDUSTRY
6. LAB-BASED MEAT MARKET - GLOBAL MARKET ANALYSIS
6.1. LAB-BASED MEAT - GLOBAL MARKET OVERVIEW
6.2. LAB-BASED MEAT - GLOBAL MARKET AND FORECAST TO 2030
6.3. MARKET POSITIONING
7. LAB-BASED MEAT MARKET - REVENUE AND FORECASTS TO 2030 – SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. POULTRY
7.3.1. Overview
7.3.2. Poultry Market Forecast and Analysis
7.4. BEEF
7.4.1. Overview
7.4.2. Beef Market Forecast and Analysis
7.5. PORK
7.5.1. Overview
7.5.2. Pork Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. LAB-BASED MEAT MARKET - REVENUE AND FORECASTS TO 2030 – 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. SAUSAGE
8.6.1. Overview
8.6.2. Sausage Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. LAB-BASED MEAT MARKET REVENUE AND FORECASTS TO 2030 – GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Lab-based Meat Market Overview
9.1.2 North America Lab-based Meat Market Forecasts and Analysis
9.1.3 North America Lab-based Meat Market Forecasts and Analysis - By Source
9.1.4 North America Lab-based Meat Market Forecasts and Analysis - By End Use
9.1.5 North America Lab-based Meat Market Forecasts and Analysis - By Countries
9.1.5.1 United States Lab-based Meat Market
9.1.5.1.1 United States Lab-based Meat Market by Source
9.1.5.1.2 United States Lab-based Meat Market by End Use
9.1.5.2 Canada Lab-based Meat Market
9.1.5.2.1 Canada Lab-based Meat Market by Source
9.1.5.2.2 Canada Lab-based Meat Market by End Use
9.2. EUROPE
9.2.1 Europe Lab-based Meat Market Overview
9.2.2 Europe Lab-based Meat Market Forecasts and Analysis
9.2.3 Europe Lab-based Meat Market Forecasts and Analysis - By Source
9.2.4 Europe Lab-based Meat Market Forecasts and Analysis - By End Use
9.2.5 Europe Lab-based Meat Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Lab-based Meat Market
9.2.5.1.1 Germany Lab-based Meat Market by Source
9.2.5.1.2 Germany Lab-based Meat Market by End Use
9.2.5.2 France Lab-based Meat Market
9.2.5.2.1 France Lab-based Meat Market by Source
9.2.5.2.2 France Lab-based Meat Market by End Use
9.2.5.3 Italy Lab-based Meat Market
9.2.5.3.1 Italy Lab-based Meat Market by Source
9.2.5.3.2 Italy Lab-based Meat Market by End Use
9.2.5.4 United Kingdom Lab-based Meat Market
9.2.5.4.1 United Kingdom Lab-based Meat Market by Source
9.2.5.4.2 United Kingdom Lab-based Meat Market by End Use
9.2.5.5 Russia Lab-based Meat Market
9.2.5.5.1 Russia Lab-based Meat Market by Source
9.2.5.5.2 Russia Lab-based Meat Market by End Use
9.2.5.6 Rest of Europe Lab-based Meat Market
9.2.5.6.1 Rest of Europe Lab-based Meat Market by Source
9.2.5.6.2 Rest of Europe Lab-based Meat Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Lab-based Meat Market Overview
9.3.2 Asia-Pacific Lab-based Meat Market Forecasts and Analysis
9.3.3 Asia-Pacific Lab-based Meat Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Lab-based Meat Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Lab-based Meat Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Lab-based Meat Market
9.3.5.1.1 Australia Lab-based Meat Market by Source
9.3.5.1.2 Australia Lab-based Meat Market by End Use
9.3.5.2 China Lab-based Meat Market
9.3.5.2.1 China Lab-based Meat Market by Source
9.3.5.2.2 China Lab-based Meat Market by End Use
9.3.5.3 India Lab-based Meat Market
9.3.5.3.1 India Lab-based Meat Market by Source
9.3.5.3.2 India Lab-based Meat Market by End Use
9.3.5.4 Japan Lab-based Meat Market
9.3.5.4.1 Japan Lab-based Meat Market by Source
9.3.5.4.2 Japan Lab-based Meat Market by End Use
9.3.5.5 South Korea Lab-based Meat Market
9.3.5.5.1 South Korea Lab-based Meat Market by Source
9.3.5.5.2 South Korea Lab-based Meat Market by End Use
9.3.5.6 Rest of Asia-Pacific Lab-based Meat Market
9.3.5.6.1 Rest of Asia-Pacific Lab-based Meat Market by Source
9.3.5.6.2 Rest of Asia-Pacific Lab-based Meat Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Lab-based Meat Market Overview
9.4.2 Middle East and Africa Lab-based Meat Market Forecasts and Analysis
9.4.3 Middle East and Africa Lab-based Meat Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa Lab-based Meat Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Lab-based Meat Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Lab-based Meat Market
9.4.5.1.1 South Africa Lab-based Meat Market by Source
9.4.5.1.2 South Africa Lab-based Meat Market by End Use
9.4.5.2 Saudi Arabia Lab-based Meat Market
9.4.5.2.1 Saudi Arabia Lab-based Meat Market by Source
9.4.5.2.2 Saudi Arabia Lab-based Meat Market by End Use
9.4.5.3 U.A.E Lab-based Meat Market
9.4.5.3.1 U.A.E Lab-based Meat Market by Source
9.4.5.3.2 U.A.E Lab-based Meat Market by End Use
9.4.5.4 Rest of Middle East and Africa Lab-based Meat Market
9.4.5.4.1 Rest of Middle East and Africa Lab-based Meat Market by Source
9.4.5.4.2 Rest of Middle East and Africa Lab-based Meat Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Lab-based Meat Market Overview
9.5.2 South and Central America Lab-based Meat Market Forecasts and Analysis
9.5.3 South and Central America Lab-based Meat Market Forecasts and Analysis - By Source
9.5.4 South and Central America Lab-based Meat Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Lab-based Meat Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Lab-based Meat Market
9.5.5.1.1 Brazil Lab-based Meat Market by Source
9.5.5.1.2 Brazil Lab-based Meat Market by End Use
9.5.5.2 Argentina Lab-based Meat Market
9.5.5.2.1 Argentina Lab-based Meat Market by Source
9.5.5.2.2 Argentina Lab-based Meat Market by End Use
9.5.5.3 Rest of South and Central America Lab-based Meat Market
9.5.5.3.1 Rest of South and Central America Lab-based Meat Market by Source
9.5.5.3.2 Rest of South and Central America Lab-based Meat Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL LAB-BASED MEAT MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. LAB-BASED MEAT MARKET, KEY COMPANY PROFILES
12.1. MEMPHIS MEATS
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BIOTECH FOODS
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. EAT JUST, INC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ALEPH FARMS LTD
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. AVANT MEATS COMPANY LIMITED
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. FUTURE MEAT TECHNOLOGIES LTD
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. LAB FARM FOODS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. FINLESS FOODS INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. MEATABLE
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SUPERMEAT
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
- Memphis Meats
- Eat Just, Inc
- Aleph Farms Ltd
- Avant Meats Company Limited
- Future Meat Technologies Ltd
- Lab Farm Foods
- Finless Foods Inc.
- Meatable
- SuperMeat
- Ants Innovate Pte Ltd
- Artemys Foods
- Because Animals, Inc.
- Biftek
- BioBQ
- BlueNalu
- BioTech Foods
- Cell Ag Tech
- MeaTech / Peace of Meat
- Mosa Meat
- New Age Meats
- Upside Foods
- Wildtype Foods
- Vow
- Shiok Meats
- Shojinmeat Project
- SavorEat
- Multus Media
- Motif FoodWorks
- Mirai Foods
- Matrix Meats
- IntegriCulture, Inc.
- Higher Steaks
- Heuros
- Gourmey
- Gaia Foods
- Future Fields
- Fork & Goode
- Cultured Food Innovation Hub
- Cubiq Foods
- Clear Meat
- CellX
- Cell Farm Food Tech
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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