Global Cultured Meat Market Forecast to Reach USD 10.25 Billion by 2034, Growing at an 8.21% CAGR

Evolve Business Intelligence has published a research report on the Global Cultured Meat Market, 2024–2034. The global Cultured Meat Market is projected to exhibit a CAGR of around 8.21% during the forecast period of 2024 to 2034.

Evolve Business Intelligence has recognized the following companies as the key players in the global Cultured Meat Market: Avant Meats Company Limited, Biftek INC, Mosa Meat, BioFood Systems Ltd, Shiok Meats Pte Ltd, SuperMeat, Meatable, Finless Foods Inc., Future Meat Technologies Ltd and UPSIDE Foods.

Market Highlights

The Global Cultured Meat Market is projected to be valued at USD 10.25 Billion by 2034, recording a CAGR of around 8.21% during the forecast period. The Cultured Meat Market is a rapidly growing segment of the alternative protein industry, driven by advancements in cellular agriculture, increasing concerns over sustainability, and the need for ethical meat production. Cultured meat, also known as lab-grown or cell-based meat, is produced by culturing animal cells in a controlled environment, eliminating the need for traditional livestock farming.

The cultured meat market is expected to witness exponential growth over the next decade as production costs decline and regulatory approvals expand. With increasing consumer awareness and technological advancements, cultured meat is set to revolutionize the global protein industry.

Segmental Analysis

The global Cultured Meat Market has been segmented based on Type, Application and Capacity.

Based on Source, the Cultured Meat Market is segmented into Poultry, Beef, Seafood, Pork, and Duck. The Poultry is anticipated to dominate the market.

Based on End Use, the global Cultured Meat Market has been divided into Nuggets, Burgers, Meatballs, Sausage, Hot dogs, and Others. The Burgers segment is anticipated to dominate the market.

Based on Production Technology, the global Cultured Meat Market has been divided Scaffold-Based Technology, Scaffold-Free Technology, Others. The Scaffold-Based Technology segment is anticipated to dominate the market.

Regional Analysis

The Cultured Meat Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America is one of the leading regions in the cultured meat market, driven by strong R&D, government funding, and early regulatory approvals. The U.S. FDA and USDA have approved cultured meat products, making the U.S. a key market. Europe has a strong focus on sustainability and environmental protection, which drives interest in cultured meat. Consumer awareness of environmental issues is high. Asia-Pacific is expected to be a major growth market due to its large population and increasing demand for protein. Singapore is the first country to approve commercial sales of cultured meat. Food security is a significant concern in many parts of Asia, driving interest in alternative protein sources and there is a growing middle class that is increasingly interested in better food options. The Middle East is emerging as a promising market, particularly due to its food security concerns and reliance on meat imports and the UAE and Israel are key hubs for food-tech innovation. Latin America is an emerging market for cultured meat but still lags in investment and regulatory development and Brazil and Argentina, being major meat producers, could see cultured meat as a complementary industry.