Product Code: FB 6247
"The cultured meat market is projected to grow at a CAGR of 15.7%."
According to MarketsandMarkets, 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. Factors such as the rising consumption of meat coupled with increasing demand for nutritional meat is projected to drive the growth of the cultured meat industry during the forecast period.
"By source, the poultry segment is accounted for the largest share in 2021."
The poultry segment accounted for a significant share in the global cultured meat market, based on the source, in 2021 due to the high preference of chicken products in the nugget form in popular food chains such as KFC. The cultured chicken products are expected to have a lower price as compared to other sources and gain wide popularity around the globe. 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.
"By end-use, the nugget segment in the cultured meat market is projected to grow at the highest CAGR during the forecast period."
Based on end-use, the cultured meat market is segmented into nuggets, burgers, meatballs, sausage, hot dogs, and others. Most of the restaurants and hotels serve chicken products in the form of nuggets, due to the increasing convenience of eating meat and its low cost, as compared to the other chicken products. This leads to the growing use of cultured meat in the nuggets segment. The rising trends of consuming on-the-go food products also make nuggets, a preferred choice for consumers. Key fast food retailers such as KFC and the supermarkets are also offering chicken nuggets, as consumers prefer spending on ready-to-eat food products instead of cooking.
"North America is projected to be the fastest-growing cultured meat market, due to the high investment by various companies for the production of cultured meat"
The cultured meat market in North America is driven majorly by the high economy, rise in innovations and developments, and high spending for efficient R&D related to the cultured meat. In the US and Canada, metropolitan areas are expected to lead the growth due to the higher number of flexitarians, with the openness toward and acceptance of meat substitutes and alternative proteins. The presence of key players such as JUST, Inc. and Memphis Meat, along with product innovations, is expected to drive the cultured meat market. Moreover, high consumer acceptance for cultured meat in the country is also supporting the demand for cultured meat.
The global cultured meat market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Break-up of Primaries:
- By Company Type: Tier 1 - 20%, Tier 2 - 40%, and Tier 3 - 40%
- By Designation: C-level - 25%, D-level - 40%, and Others* - 35%
- By Region: Asia Pacific - 25%, Europe - 40%, North America - 15%, South America - 10%, and Middle East & Africa - 10%
Others include sales managers, marketing managers, and product managers.
Leading players profiled in this report include:
- 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)
- Cell Farm FOOD Tech/Granjua Celular S.A (Argentina)
Research Coverage:
This report segments the cultured meat market, based on source, end-use, and region. In terms of insights, this research report focuses on various levels of analyses-competitive landscape, end-use analysis, and company profiles-which together comprise and discuss the basic views on the emerging & high-growth segments of the cultured meat market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
Reasons to Buy the Report:
- To get a comprehensive overview of the cultured meat market
- To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
- To gain insights about the major countries/regions, in which the cultured meat market is flourishing
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 OBJECTIVES OF THE STUDY
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.4 PERIODIZATION CONSIDERED
- 1.5 CURRENCY CONSIDERED
- 1.6 VOLUME UNITS CONSIDERED
- 1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key industry insights
- 2.1.2.2 Breakdown of primary interviews
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.3 DATA TRIANGULATION
- 2.4 RESEARCH ASSUMPTIONS
- 2.5 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE CULTURED MEAT MARKET
- 4.2 CULTURED MEAT MARKET, BY REGION, 2025 VS. 2032 (USD MILLION) (NORMAL SCENARIO)
- 4.3 CULTURED MEAT MARKET, BY END USE, 2025 VS. 2032 (USD MILLION) (NORMAL SCENARIO)
- 4.4 EUROPE: CULTURED MEAT MARKET, BY SOURCE, 2021 (NORMAL SCENARIO)
- 4.5 CULTURED MEAT MARKET, BY KEY COUNTRY (NORMAL SCENARIO)
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Increasing demand for alternative protein
- 5.2.1.2 Technological advancements in cellular agriculture
- 5.2.1.3 Enhanced food safety
- 5.2.1.4 Investment by key industry giants
- 5.2.1.5 Environmental sustainability
- 5.2.1.6 Focus on animal welfare
- 5.2.1.7 Health benefits
- 5.2.2 RESTRAINTS
- 5.2.2.1 Stringent regulatory environment
- 5.2.2.2 High setup cost
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 High per capita meat consumption and imports in emerging Southeast Asian economies
- 5.2.4 CHALLENGES
- 5.2.4.1 Skepticism among consumers
- 5.2.4.2 Increased demand for plant-based protein
6 CULTURED MEAT - REGULATORY SCENARIO
- 6.1 NORTH AMERICA
- 6.2 EUROPE
- 6.3 ASIA PACIFIC
7 CULTURED MEAT MARKET, BY SOURCE
- 7.1 INTRODUCTION
- 7.2 POULTRY
- 7.2.1 HIGH DEMAND FROM QUICK-SERVICE RESTAURANTS IS DRIVING THE DEMAND FOR CULTURED POULTRY MEAT PRODUCTS
- 7.3 PORK
- 7.3.1 INCREASE IN DEMAND FROM RESTAURANTS
- 7.4 BEEF
- 7.4.1 HIGH APPLICATION IN BURGERS
- 7.5 SEAFOOD
- 7.5.1 INCREASE IN THE CONSUMPTION OF FISH MAW
- 7.6 DUCK
- 7.6.1 HIGH AVAILABILITY IN SUPERMARKETS
8 CULTURED MEAT MARKET, BY END USE
- 8.1 INTRODUCTION
- 8.2 NUGGETS
- 8.2.1 HIGH DEMAND FOR POULTRY MEAT ACROSS THE GLOBE IS PROJECTED TO DRIVE THE MARKET FOR CULTURED MEAT NUGGETS
- 8.3 BURGERS
- 8.3.1 HAMBURGERS WITNESS HIGH DEMAND AMONG US CONSUMERS
- 8.4 MEATBALLS
- 8.4.1 MEMPHIS MEATS ANNOUNCED THE LAUNCH OF CULTURED MEAT-BASED MEATBALLS
- 8.5 SAUSAGES
- 8.5.1 NORTH AMERICA IS PROJECTED TO DOMINATE THE MARKET FOR CULTURED MEAT SAUSAGES DUE TO THEIR HIGH DEMAND IN THE REGION
- 8.6 HOT DOGS
- 8.6.1 GROWTH IN THE RETAIL SECTOR IS PROJECTED TO DRIVE THE DEMAND FOR HOT DOGS
- 8.7 OTHERS
9 CULTURED MEAT MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 NORTH AMERICA
- 9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.2 UK
- 9.3.3 NETHERLANDS
- 9.3.4 REST OF EUROPE
- 9.4 ASIA PACIFIC
- 9.4.1 CHINA
- 9.4.2 JAPAN
- 9.4.3 SINGAPORE
- 9.4.4 REST OF ASIA PACIFIC
- 9.5 SOUTH AMERICA
- 9.5.1 BRAZIL
- 9.5.2 REST OF SOUTH AMERICA
- 9.6 MIDDLE EAST & AFRICA
- 9.6.1 ISRAEL
- 9.6.2 UNITED ARAB EMIRATES
- 9.6.3 REST OF THE MIDDLE EAST & AFRICA
10 COMPETITIVE LANDSCAPE
- 10.1 OVERVIEW
- 10.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
- 10.2.1 VISIONARY LEADERS
- 10.2.2 INNOVATORS
- 10.2.3 DYNAMIC DIFFERENTIATORS
- 10.2.4 EMERGING COMPANIES
- 10.3 STRENGTH OF PRODUCT PORTFOLIO
- 10.4 BUSINESS STRATEGY EXCELLENCE
11 COMPANY PROFILES
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
- 11.1 INTRODUCTION
- 11.2 MOSA MEAT
- 11.3 MEMPHIS MEATS
- 11.4 SUPERMEAT
- 11.5 JUST, INC.
- 11.6 INTEGRICULTURE INC.
- 11.7 ALEPH FARMS LTD.
- 11.8 FINLESS FOODS INC.
- 11.9 AVANT MEATS COMPANY LIMITED
- 11.10 BALLETIC FOODS
- 11.11 BLUENALU, INC.
- 11.12 FUTURE MEAT TECHNOLOGIES LTD.
- 11.13 APPLETON MEATS
- 11.14 HIGHER STEAKS
- 11.15 BIOFOOD SYSTEMS LTD.
- 11.16 FORK & GOODE
- 11.17 MEATABLE
- 11.18 MISSION BARNS
- 11.19 NEW AGE MEATS
- 11.20 SEAFUTURE SUSTAINABLE BIOTECH
- 11.21 WILD TYPE
- 11.22 SHIOK MEATS
- 11.23 LAB FARM FOODS
- 11.24 CUBIQ FOODS
- 11.25 KIRAN MEATS
- 11.26 CELL FARM FOOD TECH/GRANJA CELULAR S.A.
Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
12 APPENDIX
- 12.1 DISCUSSION GUIDE
- 12.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 12.3 AVAILABLE CUSTOMIZATIONS
- 12.4 RELATED REPORTS
- 12.5 AUTHOR DETAILS
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