Cultured Meat Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Cultured Meat Market?
The global rise in meat consumption is fuelling the expansion of the cultured meat sector. Known to be less contaminated than animal meat, cultured meat is being adopted as a healthier substitute. The mounting demand for protein and higher disposable income globally is leading to an uptick in meat consumption. For instance, the Australian government’s statistical agency, the Australian Bureau of Statistics, reported a 3.6% increase in red meat production from March 2024 to June 2024. During the identical timeframe, production of chicken meat experienced a higher jump of 5.4%, aggregating to a total of 374,602 tonnes. Additionally, the quarter of June 2024 witnessed a surge in beef production by 2.8%, summing up to a total of 626,781 tonnes.
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#What is the Projected CAGR for the Cultured Meat Market Size from 2025 to 2034?
Recent years have seen a swift expansion in the cultured meat market size. Predictions suggest an increase from $0.23 billion in 2024 to $0.28 billion in 2025, indicating a compound annual growth rate (CAGR) of 19.9%. This growth during the historic period can be traced back to elements such as sustainable food production, concern for animal welfare, efficient use of resources, the rising demand for protein alternatives, and considerable investments and funding.
The market size of cultured meat is projected to witness an expedited expansion in the forthcoming years. It is predicted to increase to a valuation of $0.54 billion by 2029, growing at a compound annual growth rate (CAGR) of 18.3%. This projected growth during the forecast period is linked to strategies aimed at reducing costs, escalation in global population, product offering diversification, and integration into the culinary scene. Key trends predicted throughout the forecast period encompass technological progression, capital injections and funding, variety in cultured meat products, as well as ecological and ethical factors.
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What New Market Trends Are Reshaping theCultured Meat Market and Its Opportunities?
Key players in the cultured meat market, such as Umami Bioworks, are carving out their niche by developing innovative products like cultivated fish balls. These are a product of cellular agriculture or cultured meat technology. For example, in August 2022, Umami Bioworks, which is a Singapore-based company specializing in cultivated seafood, introduced their cultivated fish ball laksa to the market. These fish balls are produced from cultured fish cells enhanced with plant proteins to improve texture and taste. The company employs a unique, non-GMO process to create fish muscle, fat, and connective tissue from a single stem cell. They prioritize developing sustainable substitutes for threatened fish species. Their cultivation method yields seafood free from mercury, antibiotics, microplastics, and other pollutants normally found in the ocean – a cleaner, healthier option for consumers.
Who Are the Leading Market Players Fueling Growth in the Cultured Meat Market Trend?
Major companies operating in the cultured meat market include Shiok Meats Pte. Ltd., Because Animals Inc., Lab Farm Foods Ltd., Biofood Systems Inc., Mosa Meat BV, Higher Steaks Cultivated Meat Ltd., UPSIDE Foods Inc., Eat Just Inc., Mission Barns Food Inc., Memphis Meats Inc., Mirai Foods Co. Ltd., Aleph Farms Ltd., Vow Foods Pty. Ltd., BioTech Foods Ltd., Meatable Pte. Ltd., Future Meat Technologies Ltd., Hoxton Farms Inc., Modern Meadow Inc., Bond Pet Foods Inc., Redefine Meat Ltd., MeaTech 3D Ltd., Finless Foods Inc., SuperMeat Ltd., Integriculture Inc., Cubiq Foods Inc., Cell Farm Food Tech Ltd., Avant Meats Company Inc., Cultured Decadence LLC
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How is the Global Cultured Meat Market Segemented?
The cultured meat market covered in this report is segmented –
1) By Type: Poultry, Beef, Seafood, Pork, Duck
2) By Application: Nuggets, Sausages, Burgers, Hot Dogs, Meatballs, Other Applications
3) By Distribution Channel: Hyper markets, Food And Drink Specialty Stores, Convenience Stores, Online Retail, Other Distribution Channels
4) By End-User: Household, Food Services
Subsegments:
1) By Poultry: Chicken, Turkey, Other Poultry
2) By Beef: Ground Beef, Steak, Other Beef Cuts
3) By Seafood: Fish, Shellfish, Other Seafood
4) By Pork: Bacon, Sausage, Pork Chops, Other Pork Cuts
5) By Duck: Duck Breast, Duck Leg, Other Duck Cuts
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Which Geographics are Influencing the Growth of the Cultured Meat Market?
North America was the largest region in the cultured meat market in 2024. The regions covered in the cultured meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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