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Cultured Meat Market Growth by Emerging Trends, Analysis, & Forecast | Key Players are Memphis Meats, MosaMeat, SuperMeat, Aleph Farms Ltd, Finless Foods Inc., Balletic Foods

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Cultured Meat Market Growth by Emerging Trends, Analysis, & Forecast | Key Players are Memphis Meats, MosaMeat, SuperMeat, Aleph Farms Ltd, Finless Foods Inc., Balletic Foods

April 18
16:00 2022
Cultured Meat Market Growth by Emerging Trends, Analysis, & Forecast | Key Players are Memphis Meats, MosaMeat, SuperMeat, Aleph Farms Ltd, Finless Foods Inc., Balletic Foods
MarketsandMarkets™
The cultured meat market size is estimated to be valued at USD 214 million in 2025 and is projected to reach USD 593 million by 2032, recording a CAGR of 15.7%

The global cultured meat market is estimated to be valued at USD 214 million in 2025 and is projected to reach USD 593 million by 2032, recording a CAGR of 15.7% from 2025 to 2032 in the normal scenario. The growth of this market is attributed to the startups that are entering the market, owing to the increasing number of investors, such as Cargill and Tyson Foods.

Cultured Meat Market

Various other factors that are expected to drive the global cultured meat industry include innovations in cellular agriculture and the rising inclination toward animal welfare and environmental sustainability. Rising consumption of meat coupled with increasing demand for nutritional meat is expected to support the market growth during the forecast period. This growing trend of protein consumption is expected to present several opportunities for various meat processors and food companies to invest in alternative meat proteins such as cultured meat to fulfill consumer demand.

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The poultry segment is projected to witness the fastest growth during the forecast.

Based on the source, the cultured meat market is segmented into poultry, beef, seafood, pork, and duck. The poultry segment is projected to witness the fastest growth during the forecast period, due to its availability when compared to other meat sources, such as beef, and also due to the large consumer preference for poultry & poultry products.

The growing popularity of poultry products in various quick-service restaurants (QSRs) has encouraged manufacturers to develop innovative alternative products to meet future demand from meat consumers. Moreover, the rising demand for chicken meat, owing to the rapidly growing urbanized population in developing countries, is expected to support the cultured meat market globally. According to the FAO, the growing demand for poultry products is driven by urbanization, population growth, and an increase in income levels in developing countries.

North American is estimated to dominate the cultured meat market, in terms of value, in 2021

The cultured meat market in North America is projected to witness high growth due to the rise in innovations and developments, and high spending for efficient R&D. Health concerns about the consumption of meat products, increase in investor interests in alternative proteins, and potentials to provide the required nutrition in tailor-made proteins are the major factors for the consumers to shift from conventional meat to cultured meat products. The rising demand for alternative protein in the region supports increased investment in cultured meat companies. For instance, in 2017, Cargill invested in Memphis Meats (US) to tap the potential related to the cultured meat market.

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This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Memphis Meats (US), MosaMeat (Netherlands), SuperMeat (Israel), Just, Inc (US), Integriculture (Japan), Aleph Farms Ltd (Israel), Finless Foods Inc. (US), Avant Meats Company Limited (China), Balletic Foods (US), Future Meat Technologies Ltd (Israel), Appleton Meats (Canada), Higher Steaks (UK), Biofood Systems LTD (Israel), Fork & Goode (US), Meatable (Netherlands), Mission Barns (US), Bluenalu, Inc. (US), New Age Meats (US), Shiok Meats (Singapore), Seafuture Sustainable Biotech (Canada), Wild Type (US), Lab farm Foods (US), Cubiq Foods (Spain), Kiran Meats (US), and Cell Farm FOOD Tech/Granja Celular S.A (Argentina).

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