Cultured Meat Market Size, Share, Growth, Trends, and Global Industry Analysis: By Source (Poultry, Seafood, Pork, Beef, and Duck), By End-Use (Burgers, Nuggets, Meatballs, and Sausages), and Region

The cultured meat market size was valued at US$ 214.8 million in 2023 and is projected to reach a value of US$ 2,798.3 million by 2030, at a CAGR of 44.3% from 2024-2030. Moreover, the U.S. cultured meat market is projected to grow significantly, reaching an estimated value of US$ 2,039.4 million by 2032.

The rising technological advancements in the alternative proteins space are a driver of the trend toward sustainable food systems around the world. Meat substitutes and alternative proteins are currently gaining global attention with the increasing need to overcome meat shortages against the growing population and environmental impact. Awareness of environmental sustainability and growing concern with securing meat supply are factors responsible for the growth in the cultured meat industry around the world.

Key Players

The cultured meat market share is inclusive of several companies such as Memphis Meats, Future Meat Technologies, SuperMeat, CellulaREvolution, Upside Foods and Aleph Farms, Mosa Meat, and Eat Just, the latter holding a subsidiary called GOOD Meat that is taking the lead in developing lab-grown meat products.

Key Takeaways

• Cultured meat market dominated by North America Increased demand for sustainable meat and poultry products
• Asia Pacific is expected to be the fastest-growing region.
• By source, the Poultry segment holds the market share of 32.3%.
• By End User, the Burgers segment holds the highest market share of 46.7%.

Facts & Figures

• September 2023: Upside Foods received US$A approval for its cultivated chicken, marking a significant milestone for the commercialization of lab-grown meat in the U.S.
• November 2020: Singapore became the first country to approve the sale of cultured meat products, specifically lab-grown chicken, from Eat Just.
• January 2021: Mosa Meat announced it had raised €7.5 million in funding to further develop its cultured beef products, bringing its total funding to over €80 million

Key Developments

• In September 2024: Future Meat Technologies announced a partnership with a major food retailer to introduce its cultivated chicken nuggets in grocery stores across the U.S.
• In November 2024: SuperMeat revealed plans for a new facility in Europe focused on scaling up production of its cultivated chicken products to meet growing demand.
• In November 2020: Eat Just became the first company to receive regulatory approval for the sale of cultivated chicken in Singapore, marking a significant milestone for the industry.

Cultured Meat Market Segmentation

By Source: Revenue wise, poultry takes the lead followed by, the demand for chicken in North America increased over the last 50 years. It is the most consumed meat in the United States, and 8 billion chickens are slaughtered for food yearly. Worldwide, above 50 billion chickens are raised annually. Pork is expected to rise. One of the most commonly consumed meats globally is pork classified as red meat by the United States Department of Agriculture.

By End User: In terms of revenue, burgers comprised the biggest market share with the cultured burger segment will experience a boost as consumers demonstrate a greater concern for sustainable and ethical alternatives to meat. Meatball’s segmentation will show the highest growth rate over the forecasting period. Processed meat products such as meatballs are purchased on a large scale from supermarkets by consumers. There is also another reason the consumer base is growing-the information on the perceived health benefits associated with cultured meat is becoming more available.