Cultured meat market is anticipated to grow at a considerable CAGR of 17.9% during the forecast period. The major factor driving the demand for cultured meat includes the rising consumption of meat coupled with the increasing demand for nutritional meat. Further, the growing funding for companies producing cultured meat and government initiatives to promote sustainable and nutritional food are some of the factors anticipated to fuel the demand for market growth. For instance, in June 2022, Israeli food tech SuperMeat received a grant from the Israeli Innovation Authority to establish an open-source screening system to aid the cultivated meat industry. SuperMeat claims its new high throughput screening system for optimizing cultivated meat feed ingredients, which will accelerate the burgeoning cultivated industry towardcommercial viability. The fresh grant funds will support the open high-throughput screening system for cultivated meat feed ingredients, further significantly reducing the costs of expense in cultivated meat production.
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Apart from this, in July 2020,a Cambridge-based startup Higher Steaks created the prototype of lab-grown bacon rashers and pork belly, using animal cells. The pork belly is about 50% cultivated meat, the bacon is around 70% of cultivated meat and the rest is plant-based. The company plans to push the product into market within next three to five years.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Cultured Meat Market by Source
- Poultry
- Seafood
- Red Meat
- Others (Organ Meat)
Global Cultured Meat Market by End-Use
- Household
- Food Services
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aleph Farms Ltd.
- Applestone Meat Company LLC
- Avant Meats Company Ltd.
- Balletic, Inc.
- Biofood Systems Ltd.
- Bluenalu, Inc.
- Cubiq Foods S.L.
- Finless Foods Inc.
- Fork & Good, Inc.
- Future Meat Technologies Ltd.
- Higher Steaks
- Integriculture Inc.
- Just, Inc.
- Kiran Premier Meat Co. Ltd
- Labfarmfoods, Inc.
- Meatable B.V.
- Mission Barns
- Mosa Meat B.V.
- Shiok Meats Pte Ltd
- Simply Foods Inc. (New Age Meats)
- Supermeat The Essence Of Meat Ltd.
- Upside Foods, Inc. (Memphis Meats)
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Cultured Meat market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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