Product Code: r7333
“Cultivated Meat Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cultivated meat market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for cultivated meat ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cultivated meat market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Red Meat; Poultry; Seafood
- 2) By Sources: Poultry; Beef; Seafood; Pork; Duck
- 3) By End-User: Nuggets; Burgers; Meatballs; Sausage; Hot dogs; Other End-Users
- Companies Mentioned: Aleph Farms Ltd.; MosaMeat BV; SuperMeat Just Inc; Integriculture Inc.; Finless Foods Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the cultivated meat market are Aleph Farms Ltd., MosaMeat BV, SuperMeat Just Inc, Integriculture Inc., Finless Foods Inc., Avant Meats Company Limited, Higher Steaks, Biofood Systems LTD., Fork & Goode Inc., Mission Barns, Bluenalu Inc., Shiok Meats Pte Ltd., Memphis Meats, Appleton Meats, and Seafuture Sustainable Biotech.
The global cultivated meat market is expected to grow from $6.63 billion in 2022 to $7.87 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cultivated meat market is expected to reach $14.77 billion in 2027 at a CAGR of 17%.
The cultivated meat market consists of sales of organ meats and cultivated animal meat . Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Cultivated meat, also known cultured meat, refer to actual meat from animals produced in a lab by directly cultivating animal cells. Cultivated meat is created by harvesting cells from live animals which is grown in a bioreactor by feeding the cells with nutrients. The cultivated meat are used to satisfy the increasing demand for food by the growing human population.
North America was the largest region in the cultivated meat market in 2022. The regions covered in cultivated meat report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of cultivated meat are red meat, poultry, and seafood. Red meat is any meat derived from non-bird animals and is so named because it is red when uncooked. It contains a lot of protein, iron, B vitamins, and minerals including zinc and phosphorus. The sources are poultry, beef, seafood, pork, and duck, that are used in a nuggets, burgers, meatballs, sausage, hot dogs, and others.
Increasing consumption of meat products is expected to propel the growth of the cultivated meat market going forward. Meat products are products that can be used as human food and are created entirely or partially from the meat or other parts of an animal's carcass. Cultivated meat has the potential to enhance meat consumption in a sustainable fashion by increasing the availability of food and potentially reducing world hunger. Cultivated meat uses fewer natural resources than conventional meat and does not require growing or butchering animals because supplied cells grow eternally. Additionally, the rising trend of protein consumption has favored the increased consumption of meat products. For Instance, in December 2021, according to a report published by the United States Department of Agriculture, a US-based organization for farming, forestry, rural economic development, and food, total per capita consumption of red meat and poultry was 224.1 pounds in 2020 and is projected to increase to 226.9 pounds by 2023. Furthermore, according to the Food and Agriculture Organization (FAO), an Italy-based organization dedicated to improving nutrition and food security, global meat consumption is expected to increase by 15% by 2031 due to population growth, and protein availability from poultry, pork, beef, and sheep meat is expected to increase by 16%, 17%, 8%, and 16%, respectively, by 2031. Therefore, the increasing consumption of meat products will drive the cultivated meat market.
Technological advancements are a key trend gaining popularity in the cultivated meat market. Major companies operating in the cultivated meat market are involved in developing new and improved technology to sustain their position in the market. For instance, in July 2022, Meatable BV, a Netherlands-based biotechnology business, announced its innovative pork sausages product. The company has been developing and perfecting its approach to produce grown meat utilizing opti-oxTM technology without ever requiring FBS (fetal bovine serum). A single-cell sample obtained harmlessly from an animal is required to make actual meat with the same structure, texture, glossiness, and particular pork flavour. The product even produces the typical sizzle in the pan, just like traditional sausages, and grows in just a few weeks, with research estimating that cultured meat might reduce the environmental impact of the meat industry by up to 92%.
In April 2023, Archer-Daniels-Midland Company, a US-based food processing and commodities trading firm partnered with Believer Meats to explore new avenues for the development and marketing of cultured meat products. This cooperation will aid in the exploration of new ingredients and solutions to fuel the development of interesting goods to continue adding valued partners to satisfy expanding demand driven by persistent themes of food security and sustainability. Believer Meats is an Israel-based biotechnology company that makes cultured meat from chicken cells.
The countries covered in the cultivated meat market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The cultivated meat market research report is one of a series of new reports from The Business Research Company that provides cultivated meat market statistics, including cultivated meat industry global market size, regional shares, competitors with a cultivated meat market share, detailed cultivated meat market segments, market trends and opportunities, and any further data you may need to thrive in the cultivated meat industry. This cultivated meat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Cultivated Meat Market Characteristics
3. Cultivated Meat Market Trends And Strategies
4. Cultivated Meat Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Cultivated Meat Market
- 4.2. Ukraine-Russia War Impact On Cultivated Meat Market
- 4.3. Impact Of High Inflation On Cultivated Meat Market
5. Cultivated Meat Market Size And Growth
- 5.1. Global Cultivated Meat Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Cultivated Meat Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Cultivated Meat Market Segmentation
- 6.1. Global Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Red Meat
- Poultry
- Seafood
- 6.2. Global Cultivated Meat Market, Segmentation By Sources, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Poultry
- Beef
- Seafood
- Pork
- Duck
- 6.3. Global Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Nuggets
- Burgers
- Meatballs
- Sausage
- Hot dogs
- Other End-Users
7. Cultivated Meat Market Regional And Country Analysis
- 7.1. Global Cultivated Meat Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Cultivated Meat Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Cultivated Meat Market
- 8.1. Asia-Pacific Cultivated Meat Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Cultivated Meat Market
- 9.1. China Cultivated Meat Market Overview
- 9.2. China Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Cultivated Meat Market
- 10.1. India Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Cultivated Meat Market
- 11.1. Japan Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Cultivated Meat Market
- 12.1. Australia Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Cultivated Meat Market
- 13.1. Indonesia Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Cultivated Meat Market
- 14.1. South Korea Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Cultivated Meat Market
- 15.1. Western Europe Cultivated Meat Market Overview
- 15.2. Western Europe Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Cultivated Meat Market
- 16.1. UK Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Cultivated Meat Market
- 17.1. Germany Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Cultivated Meat Market
- 18.1. France Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Cultivated Meat Market
- 19.1. Eastern Europe Cultivated Meat Market Overview
- 19.2. Eastern Europe Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Cultivated Meat Market
- 20.1. Russia Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Cultivated Meat Market
- 21.1. North America Cultivated Meat Market Overview
- 21.2. North America Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Cultivated Meat Market
- 22.1. USA Cultivated Meat Market Overview
- 22.2. USA Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Cultivated Meat Market
- 23.1. South America Cultivated Meat Market Overview
- 23.2. South America Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Cultivated Meat Market
- 24.1. Brazil Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Cultivated Meat Market
- 25.1. Middle East Cultivated Meat Market Overview
- 25.2. Middle East Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Cultivated Meat Market
- 26.1. Africa Cultivated Meat Market Overview
- 26.2. Africa Cultivated Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Cultivated Meat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Cultivated Meat Market Competitive Landscape And Company Profiles
- 27.1. Cultivated Meat Market Competitive Landscape
- 27.2. Cultivated Meat Market Company Profiles
- 27.2.1. Aleph Farms Ltd.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. MosaMeat BV
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. SuperMeat Just Inc
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Integriculture Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Finless Foods Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Cultivated Meat Market
29. Cultivated Meat Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer