Global Cultured Meat Market Research Report - Size, Share, Growth, Trends, COVID-19 Impact Analysis - Industry Forecast (2022 to 2027)

  • Category : Food & Beverages |
  • Report Code : VMR-41293 |
  • Pages: 200 |
  • Published : 2022-03 |
  • Region: Global |
  • Avilable Format : format excel,ppt, Pdf |
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Cultured Meat Market Size (2022 - 2027)
The global cultured meat market size was scheduled to be USD 205 million in 2022 and is foretold to reach USD 570.2 million by 2027. The market is expected to grow with a CAGR of 15.5% from 2022 to 2027.

Industry Overview
Cultured meat is grown in a lab and meat is produced using various procedures of tissue engineering in a culture medium. Clean meat is also known as cultivated meat. Cultured meat is produced is done by collecting animal cells and developing them in a better and more supportable culture medium. Cultured meat is produced in labs and is cell-based and erases the possibility of bacterial or fungal advancement of illness spreading via the intake of cultured meat.

The final meat manufactured is free from any of the hazardous organisms as the meat is grown in an antiseptic and strictly controlled environment. Cultured meat has the capability to for creating a completely equal to conventional meat.

This contains the same cells and same tissues. The cultivated meat is produced in a multi-step process. Cultured meat is an alternative protein product.

Market Drivers
Consumers are changing their focus towards adapting to a more nutritional diet that is aimed at a higher sustainable lifestyle and low dependency on animal proteins. Cultured meat is driven by the growth in the number of individuals and increasing issues about animal welfare and environmental consciousness.

The demand for food security and defensible diets is increasing boosts the market growth. Consumers are highly choosing for consuming the institute for animal-based products with advancements in technologies bloom the cultured meat market growth. The rising inclination of protein consumption provides huge opportunities that strengthen the market growth. Cultured meat is the most favored solution worldwide for booming the required meat. The online retail store is enlarging which is one of the positive impacts fostering the market growth.

Market Restrains
However, cultured meat is very expensive to produce which hinders the cultivated meat market growth. The absence of knowledge regarding meat and its production impacts market growth. A strict regulatory environment dampens the cultured meat market growth.

Recent Market Developments

  • On September 29, 2021, Aleph Farms, an Israel-based cultivated meat company signed MOU with Asia's biggest food companies Thai Union, and CJ CheilJedang. These two companies will help Aleph Farms with its scale-up and go-to-market efforts across the Asia-Pacific region.

  • On January 25, 2022, Upside Foods acquired Cultured Decadence. Cultured Decadence uses cell culture and tissue engineering for creating seafood, especially shellfish products, from animal cells. 

  • On January 14, 2020, Mosa Meat partnered with Nutreco and Lowercarbon Capital for increasing the commercial release of its lab-grown meat. 

  • On May 14, 2020, IntegriCulture Inc., circulated its launch of the new "Uni-CulNet" framework, a standardized cell-based agriculture infrastructure system. 

  • On July 07, 2021, SuperMeat revealed Commercial Poultry Platformenables binding food industry players to be at the forefront of the appearing cultivated meat industry. 

Segment Analysis

As per our research report, the global cultured market is based on source and end-user.

Cultured Meat Market - By Source

  • Poultry

  • Beef

  • Seafood

  • Pork

  • Duck

By Source, the poultry segment is dominating the cultured meat market with the highest share during the forecasted period. The poultry source segment owing to the growing popularity of poultry products in different quick-service restaurants (QSRs). QSRs have motivated manufacturers to advance new alternative products addressing future demand from meat consumers.

The demand for chicken meat is mounting due to the quick growth in the urban population over the foreseen period. The fashion of dining out and top companies like Tyson Foods and Cargill are investing in research and development activities.

Cultured Meat Market - By End-User

  • Nuggets

  • Burgers

  • Meatballs

  • Sausage

  • Hot dogs

  • Others (pet food, and foie gras)

By end-user, the nuggets segment accounted for the largest market share and size throughout the foretold period. Nuggets are considered an important processed meat product. Nuggets are one of the primary forms, where chicken meat products are consumed across varied countries.

 
Regional Analysis
North America's market for cultured meat is highly driven by an increase in innovations and developments. High expenditure for efficient research and development related to cultured meat. In the US and Canada, metropolitan areas are expected to lead the growth owing to the high number of 
The United States has announced that the FDA and Department of Agriculture will be regulating the cell-cultured livestock and poultry products, in 2019. 
Europe is expected to have fabulous growth over the forthcoming years due to the stimulating growth in demand for meat alternative products. Advancing cultured meat is prolonged for many years across the European nations 
The consumer acceptance for cultured meat is high accumulating the demand. 
Asia-Pacific dominated the cultured meat market in 2021. 
India and China are recognized as significant countries conducting consumer surveys on cultured meat. 
For example, The Singapore Food Agency (SFA) approved Eat Just, a U.S start-up company approval to begin selling its lab-grown, cultured chicken as a food ingredient in Singapore. 
Latin America and the  Middle East and African regions are anticipated to have fruitful growth in the cultured meat market. The rising popularity of vegetarians and vegan lifestyles propels the cultured meat market growth.

Top key players in the global Cultured Meat Market
Some of the top key players in the global cultured meat include:

 

1. Memphis Meats (US)

2. MosaMeat (Netherlands)

3. SuperMeat (Israel)

4. Just, Inc (US)

5. Integriculture (Japan)

6. Aleph Farms Ltd (Israel)

7. Finless Foods Inc. (US)

8. Avant Meats Company Limited (China)

9.Balletic Foods (US)

10. Future Meat Technologies Ltd (Israel)

11. Appleton Meats (Canada)

12. Higher Steaks (UK)

13. Biofood Systems LTD (Israel)

14. Fork & Goode (US)

15. Meatable (Netherlands)

16. Mission Barns (US)

17. Bluenalu, Inc. (US)

18. New Age Meats (US)

19. Shiok Meats (Singapore)

20. Seafuture Sustainable Biotech (Canada)

21. Wild Type (US)

22. Lab farm Foods (US)

23. Cubiq Foods (Spain)

24. Kiran Meats (US)

25. Cell Farm FOOD Tech/Granja Celular S.A (Argentina).

COVID-19 Impact On Cultured Meat Market
The novel coronavirus (COVID-19) has spread across the world. Due to the pandemic effect, the food and beverages sector is adversely hit which has affected major sales of the industry. Cultured meat is one of the appearing markets in the food and beverages industry and is majorly produced via the biological process. 
Due to the critical spread of the virus, research and development, and manufacturing works were given a break further affecting the production of cultured meat. The food demand of the consumer and lifestyle changes have a major influence on the post-COVID. The factor mentioned above is a significant factor that increases the demand for cultured meat. 
Moreover, the demand for cultured meat is likely to have an average impact because of the COVID-19 pandemic crisis. 

Chapter 1. Global Cultured Meat Market – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Global Cultured Meat Market – Executive Summary

2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

2.3.1. Impact during 2022 - 2027

2.3.2. Impact on Supply – Demand

Chapter 3. Global Cultured Meat Market – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Global Cultured Meat Market Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3 Customer Analysis

4.4. Porters Five Force Model

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Powers of Customers

4.4.3. Threat of New Entrants

4.4.4. Rivalry among Existing Players

4.4.5. Threat of Substitutes

Chapter 5. Global Cultured Meat Market - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Global Cultured Meat Market – By Source

6.1. Poultry

6.2. Beef

6.2. Seafood

6.2. Duck

Chapter 7. Global Cultured Meat Market – By End-User

7.1. Large Enterprises

7.2. Small and Medium Enterprises

Chapter 8. Global Cultured Meat Market, By Geography - Market Size, Forecast, Trends & Insights

8.1. Nuggets

8.1.1. Burgers

8.1.2. Meatballs

8.1.3. Sausage

8.2. Hot dogs

Chapter 9. Global Cultured Meat Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

9.1. Company 1

9.2. Company 2

9.3. Company 3

9.4. Company 4

9.5 Company 5

9.6. Company 6

9.7. Company 7

9.8. Company 8

9.9. Company 9

9.10. Company 10

  • Primary & Secondary Sources to Collect & Validate Data

  • Utilization of Both Top Down & Bottom Up Approach

  • Holistic Research Methodology


Scope & Introductory Research

In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.​

Data Collection 

Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders. ​

Data Fusion

At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.

Data Analysis

At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.

Verification ​

Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report. ​

Quality Assurance & Report Preparation​

Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.​

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