The global cultured meat market is predicted to grow at a compound annual growth rate of 16.5% from 2028 to 2034 to reach USD 1.1 billion by 2034 from a projection of $0.2 billion in 2023. In addition, since 2023, the market is projected to grow at a CAGR of 16.1% over the next five years period. Consumers are increasingly inclined to seek alternatives that bypass the ethical dilemmas and cruelty often linked to raising and slaughtering animals for meat, making cultured meat an appealing choice.
Health and safety concerns have also played a significant role in driving the market’s growth. Today’s consumers are more health-conscious and prioritize meat products that are free from antibiotics, hormones, and the dangers of foodborne pathogens. Cultured meat, produced in a controlled and sanitary environment, meets these demands, thereby increasing its appeal. Additionally, the market is tackling global food security challenges. As the global population continues to rise, traditional meat production methods struggle to keep pace with the growing demand. Cultured meat technology presents a sustainable and scalable solution, ensuring a steady meat supply and helping to mitigate food shortages and price volatility.
Cultured Meat Market Drivers: Increasing demand for alternative protein
The increasing demand for alternative protein sources is a major driver of the rapid growth in the cultured meat market. As consumers prioritize sustainability and ethical considerations, cultured meat and other alternative proteins are gaining prominence. This shift is fueled by a range of factors, including environmental issues associated with traditional livestock farming, resource depletion, and rising greenhouse gas emissions. These challenges are encouraging consumers to seek options that mitigate the negative impacts of conventional meat production on the environment.
Moreover, health-conscious consumers are drawn to alternative proteins for their nutritional benefits, avoiding antibiotics, hormones, and the risk of foodborne illnesses linked to traditional meat. The rising popularity of plant-based diets and flexitarianism further reflects a broader shift in consumer preferences toward non-animal protein sources. This growing interest in alternative proteins is creating a promising environment for the cultured meat market to flourish, providing a more sustainable, ethical, and health-oriented choice in the evolving food production landscape.
Why is the poultry segment expected to grow at the highest CAGR during the forecast period?
Cultured poultry provides a controlled, sterile environment for meat production, significantly reducing the need for antibiotics and minimizing contamination risks. With no live animals involved in the process, the threat of zoonotic diseases—those transmitted from animals to humans—is effectively eliminated. This makes cultured poultry particularly appealing to health-conscious consumers who prioritize food safety.
Moreover, the transparent and traceable nature of cultured meat production enhances consumer confidence in the safety of the final product. The growth of the poultry segment within the cultured meat market is fueled by its ability to address food safety concerns while offering a sustainable and ethical alternative to conventional poultry farming.
North America Dominates the Cultured Meat Market Share.
North America is set to dominate the market in 2034, capturing a 50.89% share, thanks to several key factors. The region benefits from a powerful blend of technological innovation and growing consumer interest in sustainability and ethical eating. The United States, in particular, has seen significant investments in cultured meat startups, driving research and development forward.
Moreover, North American consumers are increasingly drawn to plant-based and alternative protein options, motivated by health awareness and environmental concerns, which align perfectly with the sustainable and cruelty-free nature of cultured meat. Additionally, regional regulatory agencies have demonstrated a willingness to support innovation in the food sector, creating a more favorable environment for cultured meat companies. This combination of technological progress, consumer demand, and regulatory encouragement positions North America as a leader in the market.
The key players in this market include Mosa Meat (Netherlands), UPSIDE FOODS (US), JUST, Inc. (US), and Integriculture Inc. (Japan), and BioCraft, Inc (US)
Mosa Meat
Mosa Meat is a Dutch food technology company that is developing a way to produce cultured beef. Established in 2016, the company is involved in the production of cultured meat by harvesting adult stem cells (satellite cells) from the muscle tissue of a living cow, using tissue engineering technology. Mosa Meat’s co-founders, Scientist Mark Post and food technician Peter Verstrate, were the first to introduce the world’s inaugural cultured beef hamburger, in 2013, following extensive research and an investment of USD 262680.00.
In 2018, Mosa Meat further secured a substantial investment of USD 9.98 million to propel its mission forward. In 2019, the company successfully developed a serum-free medium that aligns with animal welfare principles. Ultimately, in 2020, Mosa Meat established its corporate headquarters in Maastricht, Netherlands. The company is backed by Blue Horizon, M Ventures, Bell Food Group, Nutreco, Mitsubishi Corporation, Leonardo DiCaprio and other notable investors.
In November 2022, Mosa Meat announced an agreement with Singapore-based Esco Aster that would eventually introduce Mosa Meat’s cultivated beef to Singapore. Singapore is currently the only market where cultivated meat is approved, providing a unique and accessible entry point. Thus, the agreement would position Mosa Meat to tap into a pioneering market and expand its global reach.
Upside Foods
Upside Foods is a pioneering food technology company at the forefront of cultivated meat development. Established in 2015 by founders Uma Valeti, Nicholas Genovese, and Will Clem, the company is dedicated to revolutionizing the global meat industry. The company has received over USD 300 million worth funding from notable investors like Tyson Foods, SoftBank Group, and Temasek, since its establishment.
UPSIDE FOODS has introduced a groundbreaking range of cultured meat products, including the world’s first cultivated beef meatball, chicken, and duck. While the initial product release focused on chicken filets, the company is actively developing an expanded product portfolio, including breakfast sausages, chicken patties, and an array of other Savory offerings, to cater to diverse consumer preferences and tastes.
Furthermore, the company has established a robust framework to guarantee the safety of its operations and products. It adheres to stringent regulatory standards set forth by the FDA and USDA, including Good Manufacturing Practices (GMP), Hazard Analysis and Critical Control Points (HACCP), comprehensive Ingredient & Material Traceability protocols, and a rigorous Food Defense Program. These measures ensure the highest level of safety and compliance in all aspects of its processes and product offerings.
UPSIDE FOODS has also formed a formidable coalition of partners, including the Good Food Institute, American Meat Science Association, New Harvest, and the Association for Meat, Poultry, and Seafood Innovation (AMPS Innovation). These esteemed organizations share a common commitment to expanding the positive impact of cultivated meat. Together, they aim to advance the growth and potential of cultivated meat technology, pooling their resources, expertise, and shared dedication to the industry’s development.
Cultured Meat Industry Developments:
In September 2023, Eat Just Inc., announced a strategic partnership with Halal Products Development Company (HDPC), wholly owned by the Public Investment Fund of Saudi Arabia. Through the collaboration, HPDC would provide advisory solutions to help Eat Just obtain “Halal” certification and approvals needed to operate as a Halal food distributor. The partnership would also leverage HPDC’s services to help Eat Just develop a sustainable strategy to enter the Halal market, paving the way to export its products to both local and regional markets.
In May 2022, IntegriCulture Inc. successfully secured USD 7 million in funding from a group of 12 investors during its Series A funding round, significantly bolstering their financial resources. This latest round pushed their total funding to approximately USD 16.4 million. IntegriCulture Inc. intended to use the funds obtained to create an infrastructure platform for cellular agriculture that would be accessible to organisations of all sizes and industries.
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