Cultured Meat Market Reports

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Cultured Meat Market Reports

Key Takeaways

  • Bis Research's 2020 report estimates that the global market size will grow to $28.6 billion by 2026. The CAGR is given as 34.8%.
  • Factors inducing growth in the market include innovations in cellular agriculture, rising concerns for animal welfare, and rising inclination towards environmental sustainability. The report goes on to address the following; growth opportunities, major sources of cultured meats, key players, market dynamics, as well as challenges and restrains facing the market.
  • Key players included in the report include "Memphis meat, Supermeat, Integriculture Inc, Brooklyn-based Finless Food and Higher steaks, Appleton Meats, Biofood Systems Ltd., Fork & Goode, Finless Foods Inc., Avant Meats Co.Ltd., Balletic Foods, Future Meat Technologies Ltd., Meatable, Mission Barns, Bluenalu, New Age Meats and Aleph Farms Ltd., among other domestic and global players".

Introduction

A brief overview of global market reports on the cultured meats industry is provided below. Each of these reports includes a section on the US cultured meats industry and entails one or more of the identified key players (Memphis Meats, Mosa Meat, SUNP Biotech, SOLIDA Biotech, ZENBIO, Matrix Meats).

Markets and Markets

  • Markets and Markets' report dubbed, Cultured Meat Market by Source (Poultry, Beef, Seafood, Pork, and Duck), End-Use (Nuggets, Burgers, Meatballs, Sausages, Hot Dogs), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2032, estimates that the global cultured meat market will be valued at $1214 million by 2025. This figure is expected to grow to $593 million by 2032, exhibiting a CAGR of 15.7%.

  • Factors inducing growth in the market include innovations in cellular agriculture, rising concerns for animal welfare, and rising inclination towards environmental sustainability. The report goes on to address the following; growth opportunities, major sources of cultured meats, key players, market dynamics, as well as challenges and restrains facing the market.
  • Regions covered within the report include North America, Europe, Middle East and Africa, Asia Pacific, and South America.
  • This is a pay-walled report whose licenses costs between $4,950 and $8,150.

Allied Market Research

  • According to Allied Market Research's 2021 report, the global cultured meat market is currently valued at $1.64 million, but is estimated to grow at a CAGR of 95.8% to reach $2,788.1 million by 2030.
  • Market growth factors indicated in the report include decrease in public health risk and low environmental impact. The increasing number of people allergic to traditional meat has also been highlighted as a key growth factor.
  • The report claims to provide a "quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities". Report segments re by type, end users, and regions that include North America, Europe, and the Asia-Pacific.
  • This is also a pay-walled report whose licenses costs between $3,546 to $8,995.

Research and Market

  • Research and Market's 2021 report titled, Global Cultured Meat Market - Analysis By Source (Poultry, Beef, Seafood, Pork), End Use, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2030)Global Cultured Meat Market - Analysis By Source (Poultry, Beef, Seafood, Pork), End Use, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2030), anticipates that the global cultural meats market will be valued at $206.6 million by 2025.
  • It attributes the growth of the market to rapid urbanization, changes in diet, as well as concerns around animal welfare. The report provides details on the market value, source of cultured meats (poultry, beef, seafood, pork), as well as market trends, opportunities, challenges, and growth drivers.
  • The countries covered include the US, the UK, Canada, Japan, Singapore, and Germany. Some of the key players included are "Mosa Meats, Memphis Meats, Integriculture, Future Meat Technologies, BlueNalu, Finless Foods, Shiok Meat, Aleph Farms, Eat Just Inc., and Modern Meadow".
  • To access this report, users will need to pay between 1,512 and 1,972 pounds, which translates to approximately $2,104-$2,681.

Data Bridge Market Research

  • Data Bridge Market Research believes that the global cultured meats market will reach an estimated $572 million by 2027. The CAGR given is about 15%.
  • An "increased demand for alternative protein", coupled with enhanced food safety measures and technological progress in the field of cellular agriculture has been identified as key growth factors. Restrains and challenges include strict regulatory policies and expensive set-up costs.
  • This report claims to provide details on "new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market". It covers over 38 countries in 5 regions that includes the United States.
  • Key players included in the report include "Memphis meat, Supermeat, Integriculture Inc, Brooklyn-based Finless Food and Higher steaks, Appleton Meats, Biofood Systems Ltd., Fork & Goode, Finless Foods Inc., Avant Meats Co.Ltd., Balletic Foods, Future Meat Technologies Ltd., Meatable, Mission Barns, Bluenalu, New Age Meats and Aleph Farms Ltd., among other domestic and global players".
  • This is a paywalled report whose access will cost $7,000.

Bis Research

  • Bis Research's 2020 report estimates that the global market size will grow to $28.6 billion by 2026. The CAGR is given as 34.8%.
  • Drivers of growth include concerns for animal welfare, "sustainable diets", and food security. The report notes that challenges facing the global cultured meats market include lack of consumer acceptance and high costs.
  • The report is segmented under product type, end use, and regions that include North America, the UK, Asia-Pacific, Middle East and Africa, as well as China. Key players included in the report include "Eat Just, Inc. BlueNalu Inc., Memphis Meat, Shiok Meats, SuperMeat, IntegriCulture, Inc., Mosa Meat, and Future Meat Technologies".
  • The report can be accessed at a fee of $5,000.

Verified Market Research

  • Verified Market Research's 2019 report found that the global cultured meat market was valued at $17,432.3 thousand and was expected to grow to $21,347.3 thousand by 2026.

  • The two most important growth factors identified by the report include urbanization and growth in income per capita. Increasing preference for plant-based proteins and lack of consumer awareness were identified as some of the challenges facing the market.
  • The report is segmented by source, end use, and regions that include North America. Key players included in the report are "Future Meat Technologies, Integriculture Inc, Just, Inc., Memphis Meats, Modern Meadow, Mosa Meat, Wild Earth Inc., and Supermeat".
  • Access to the report costs between $3,750 and $6,550.

Research Strategy

As requested, the research team was able to identify 6 market reports on the state of the cultured meats industry. However, we could only find global market reports as those that specifically focused on the US market were not publicly available. We ensured that these reports included a section on the cultured meats industry in the United States and North America.
Additionally, all these reports were pay-walled, and, where possible, we included the costs of accessing them.
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