The global cultured meat products market was valued at USD 1.1 billion in 2021 and is projected to expand at a CAGR of 25.0% from 2022 to 2030. Cultured meat products are lab-grown meat products, produced from the cells of animals, with the help of cell culture technology. This technology has created a huge buzz in the food industry and is expected to revolutionize the meat industry. The rising demand for meat, health concerns associated with traditional meat, and the increasing awareness about the environmental benefits of cultured meat are some of the factors driving the growth of the market.

In 2021, the world’s first cultured meat burger was launched in London. This product was made from cultured beef and was developed by Mosa Meat, a Netherlands-based start-up. The product was priced at USD 330 as it was a limited edition. The rising demand for meat substitutes and the introduction of lab-grown meat products are expected to revolutionize the meat industry in the years to come.

The increasing demand for ethical and sustainable meat products is driving the growth of the cultured meat products market. Furthermore, the rising awareness about the environmental benefits of these products is also contributing to the growth of the market. Moreover, the growing investment in the research and development of cultured meat products is further boosting the market growth.

In addition, the growing demand for vegan and vegetarian options is expected to drive the growth of the market. The rising awareness about health benefits associated with vegan and vegetarian diets is expected to boost the demand for these products. Furthermore, the rising consumer preference for meat substitutes is expected to propel the demand for cultured meat products.

The increasing number of start-ups and private companies investing in the development of cultured meat products is expected to further support the growth of the market. For instance, in March 2021, BlueNalu, a San Diego-based start-up, announced that it had raised USD 60 million in its Series A funding round to develop its lab-grown seafood products. The company’s products are expected to be available in the market by 2022.

Moreover, the increasing number of collaborations and partnerships between start-ups and established companies is further expected to fuel the growth of the market. For instance, in April 2021, JUST, Inc. announced a collaboration with Tyson Foods, one of the leading food companies in the U.S., to develop and commercialize cultured meat products. This collaboration is expected to contribute to the growth of the cultured meat products market.

The cultured meat segment is anticipated to be the fastest-growing segment of the cultured meat products market over the forecast period. Growing awareness about the benefits of consuming cultured meat products compared to conventional meat products, rising health concerns among consumers, and increasing investments for developing cultured meat products are some of the key factors driving the growth of the cultured meat products market. According to an article published by The Good Food Institute, in July 2020, the global production of cultured meat products is expected to reach 5,000 tons by 2025.

In addition, increasing investments by venture capitalists and public funding agencies in the research and development of cultured meat products is also driving the growth of the market. According to an article published by the University of Maastricht, in October 2020, the cultured meat industry has attracted over US$ 928 million in investments in the past decade. Furthermore, the rise in the number of start-ups, such as Memphis Meats, JUST Foods, Finless Foods, and Bugnubs, is further aiding the growth of the cultured meat products market.

The supermarkets and hypermarkets segment is projected to dominate the market in 2022, accounting for a major market share of over 34.5%. The growth of the segment is mainly driven by the rising consumer preference for buying ready-to-eat food products from supermarkets and hypermarkets, as they offer a wide range of options that suit the changing demands of the consumers. In addition, supermarkets and hypermarkets provide convenience to consumers in terms of shopping for food products and ready-to-eat meals. Moreover, the presence of discounts and offers on various product categories further drive the segment’s growth.

Online retailing is expected to expand at the fastest CAGR of 14.3% over the forecast period. The presence of numerous e-commerce stores providing a wide range of cultured meat products is propelling the growth of the segment. For instance, in 2021, EatJust, a US-based cultured meat producer, launched an online store that offers its cultured meat products in the US. In addition, the rising penetration of the internet and growing access to mobile devices are anticipated to fuel the growth of the segment over the forecast period.

The cultured meat products segment accounted for the largest revenue share of 55.3% in the year 2022. The rising awareness about the benefits of cultured meat products, such as its environmental sustainability, is driving the market. For instance, in May 2022, Memphis Meats, Inc. launched its first cultured meat product, a chicken meatball made from chicken cells, which are grown in a lab. Also, the increasing availability of plant-based alternatives and the growing trend of flexitarianism are some of the key factors propelling the market.

The processed cultured meat products segment is expected to expand at the highest CAGR of 20.1% over the forecast period. The increasing initiatives by leading manufacturers to develop processed cultured meat products, such as burgers, hot dogs, and sausages, is likely to drive the market. For instance, in April 2022, Impossible Foods Inc. launched its Impossible Burger in the U.S. retail market. This product is made from plant-based ingredients and is designed to have the taste and texture of an animal-based burger.

Europe dominated the market and accounted for the largest revenue share of over 40.2% in 2022. Increasing awareness regarding the health benefits associated with cultured meat products is the key factor driving growth in the region. In addition, the presence of prominent players, such as Mosa Meat, SuperMeat, and Integriculture, is further expected to drive the growth of the market in the region. For instance, in February 2021, Integriculture raised USD 45 million for the development of its cultured meat products in Europe.

Asia Pacific is expected to witness the fastest growth in the coming years. Growing demand for vegan and vegetarian food options on account of the increasing awareness regarding the health benefits associated with them is expected to drive the growth of the market in the region. In addition, the growing trend of flexitarianism is expected to further spur the demand for cultured meat products in the region. For instance, in March 2021, Prime Roots launched its products in Singapore as the first cultured meat brand in the region.

In this part of the cultured meat products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a cultured meat products business comes from the sale of the actual products, as well as from other sources such as grants, investments, and partnerships. Here you will find a list with a description of each of them and other possible sources of profit.

Projecting Expenses
In this section, all the regular expenses related to keeping the cultured meat products business running will be described. The list of operating expenses includes facility rental/lease payments, product development, research and testing, marketing, wages, utilities, and insurance policies.

Some of the key companies operating in the cultured meat market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Mosa Meat launched the world’s first cultured meat burger.

– In August 2022, JUST Inc. launched the first USDA approved cultured meat product.

– In October 2022, SuperMeat launched the world’s first 3D-printed cultured chicken.

Some of the prominent players in the cultured meat market include:

– Mosa Meat
– JUST Inc.
– SuperMeat
– Future Meat Technologies
– Memphis Meats
– Finless Foods
– Aleph Farms
– Integriculture Inc.
– Chicken of the Sea
– Eat Just Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global cultured meat products market based on type, distribution channel, and region:

1. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Cell-Based Meat
– Lab-Grown Meat

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Key Drivers of the Cultured Meat Products Market?
[A]: The key drivers of the cultured meat products market include the growing awareness of the environmental and ethical benefits of cultured meat, increasing disposable income, and the emergence of innovative technologies such as gene editing and stem cell engineering. The growing demand for healthy and sustainable sources of protein and the increasing population are also driving the market growth.

[Q]: Who are the Major Players in the Cultured Meat Products Market?
[A]: The major players in the cultured meat products market are Memphis Meats, Just, Inc., Mosa Meat, Integriculture Inc., Meatable, Finless Foods, SuperMeat, Aleph Farms, BlueNalu, and Avant Meats.

[Q]: What are the Potential Opportunities in the Cultured Meat Products Market?
[A]: The potential opportunities in the cultured meat products market include the development of novel products such as plant-based proteins and clean meat, the adoption of advanced technologies such as gene editing and stem cell engineering, and the development of innovative flavors and textures.

[Q]: What is the Market Outlook for Cultured Meat Products?
[A]: The global cultured meat products market is expected to grow at a CAGR of 29.3% during the forecast period. This growth is attributed to the increasing awareness of the environmental and ethical benefits of cultured meat, the growing demand for healthy and sustainable sources of protein, and the emergence of innovative technologies such as gene editing and stem cell engineering.