Cultured Meat Market Expected to Reach USD 961 Million by 2030, Driven by Technological Advancements and Growing Consumer Demand for Sustainable Meat Alternatives
According to Next Move Strategy Consulting, the global Cultured Meat Market is experiencing rapid growth and is projected to reach USD 961 million by 2030, representing a remarkable compound annual growth rate (CAGR) of 81% by 2030, according to a new report by Market Research Future (MRFR). Cultured meat, also known as in-vitro, lab-grown, or synthetic meat, is produced through tissue engineering and cellular agriculture techniques. This innovative approach allows for the creation of meat without raising or slaughtering animals, a breakthrough that is gaining increasing attention from both consumers and the scientific community.
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Technological Advancements Drive Market Growth
Cultured meat is produced by cultivating stem cells harvested from animals in bioreactors or cultivators, where they grow into edible biomass. These cells are fed nutrient-rich culture media, which promotes their growth into tissue resembling traditional meat. This sustainable and hygienic alternative to conventional meat offers several benefits, including reduced environmental impact and enhanced public health safety.
"The growing global concerns about animal welfare and environmental sustainability are fueling the demand for cultured meat as a viable, cruelty-free protein source," said an industry expert at MRFR. "Additionally, advancements in tissue engineering, such as the development of edible scaffolds and 3D bioprinting, are expected to significantly enhance production efficiency and scalability."
Regional Insights: North America Leads the Charge
North America holds the largest market share in the cultured meat industry and is expected to maintain its dominance throughout the forecast period. This is due to significant investments in research and development, coupled with the growing consumer demand for sustainable and health-conscious food alternatives. For example, in May 2022, U.S.-based Eat Just entered into a partnership with ABEC Inc. to build massive bioreactors to scale up its cultured meat production.
Europe is also experiencing rapid growth in the cultured meat sector, driven by an increasing preference for alternative proteins and investments from both public and private sectors. Notably, in 2020, the European Union awarded a USD 2.69 million grant to the Meat4All research project, supporting efforts to bring lab-grown meat to market.
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Market Segmentation and Key Players
The cultured meat market is segmented by source, production technique, technology, distribution channel, and application. Major sources of cultured meat include poultry, beef, pork, and seafood, while production techniques include scaffold-based, self-organizing, and cell culture media methods. Distribution channels range from hypermarkets and convenience stores to online retail and specialty food stores. Applications span across hot dogs, nuggets, burgers, meatballs, sausages, and more.
Key players in the cultured meat market include Mosa Meat, UPSIDE Foods, SuperMeat, Aleph Farms, Future Meat Technologies Ltd., Cubiq Foods S.L., Nomad Foods, Integriculture Inc., Meatable, and New Age Meats. These companies are actively engaged in strategic partnerships, funding, and research to expand production capacity and bring cultured meat to mainstream consumers.
Conclusion
The cultured meat market is poised for exponential growth, with technological advancements, rising consumer awareness of sustainability, and an increasing demand for healthy, ethical food options. As the industry continues to evolve, the commercialization of lab-grown meat offers a promising solution to address global food security, environmental concerns, and animal welfare issues. With strong investments and ongoing research, cultured meat is expected to play a significant role in shaping the future of the global food industry.
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