Exploring the Lab-Grown Meat Market: Industry Insights and Projections to 2035


Posted November 11, 2024 by Harshal

According to the latest publication from Meticulous Research®, the global lab-grown meat market is projected to reach $1.99 billion by 2035, at a CAGR of 21.4% during the forecast period 2025–2035.
 
Meticulous Research®, a leading global market research firm, has recently published an insightful report on the lab-grown meat market. Titled ‘Lab-grown Meat Market by Type (Beef, Poultry, Pork, Seafood), Distribution Channel (Business-to-Business, Business-to-Consumer), Application (Nuggets, Burger Patties, Meatballs, Steak, Hot Dogs & Sausages), and Geography—Global Forecast to 2035,’ the report provides an in-depth analysis of the global lab-grown meat industry, including detailed forecasts, market drivers, and trends.

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The lab-grown meat market is poised for substantial growth, with projections estimating that it will reach $1.99 billion by 2035, growing at a compound annual growth rate (CAGR) of 21.4% during the forecast period from 2025 to 2035. This growth is driven by several key factors, including technological advancements in lab-grown meat production, rising venture capital investments in the sector, growing consumer awareness about animal welfare, and an increasing demand for allergen-free and sustainable food options.

Technological advancements are leading the way in overcoming the traditional barriers to lab-grown meat production. Innovations in cellular agriculture and tissue engineering are making it more feasible to produce lab-grown meat at a large scale, potentially reducing production costs and making it more accessible to consumers. Additionally, the increasing number of venture investments is helping to drive the market forward, as these investments provide the capital necessary to fund research and development, scaling production, and improving product quality.

The growing focus on animal welfare also plays a pivotal role in the market’s expansion. Lab-grown meat is viewed as a more ethical and sustainable alternative to conventional meat production, which often involves intensive farming practices that raise concerns about animal cruelty and environmental sustainability. Furthermore, the rising global demand for allergen-free food products, especially in regions where food allergies are more prevalent, is driving interest in lab-grown meat as it can be produced without the risk of common allergens found in traditional meat.

Despite the promising outlook, there are some challenges that the market faces. One of the significant restraints is the high demand for plant-based proteins, which some consumers see as a preferable alternative to lab-grown meat due to environmental and ethical considerations. Additionally, the absence of a standardized regulatory framework for lab-grown meat production in many countries adds uncertainty to the market’s growth. Many consumers are still apprehensive about accepting lab-grown meat as a legitimate food source, partly due to psychological barriers and concerns over safety. The growing vegan population is also a challenge, as more consumers adopt plant-based diets in response to health, environmental, and ethical concerns.

Despite these hurdles, the market for lab-grown meat has several opportunities for growth. The increasing demand for alternative proteins, driven by concerns over the environmental impact of conventional meat production and the growing global population, is expected to benefit the lab-grown meat sector. Additionally, the rising per capita meat consumption, particularly in developing economies, is likely to drive demand for lab-grown meat as a more sustainable and ethical option.

The report segments the global lab-grown meat market into several categories, including type, distribution channel, application, and geography. This segmentation allows for a detailed analysis of the various factors driving the market across different regions and product categories.

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Market Segmentation by Type
The lab-grown meat market is segmented into several types, including beef, poultry, pork, seafood, and other lab-grown meat varieties. Of these, the beef segment is expected to dominate the market in 2025, accounting for the largest share. The popularity of beef products, especially in quick-service restaurants (QSRs) and fast food chains, is a major factor contributing to the growth of this segment. Beef is also relatively more affordable compared to other types of lab-grown meat, making it an attractive option for both producers and consumers.

Furthermore, the beef segment is projected to experience the highest CAGR during the forecast period. This growth is attributed to several factors, including the increasing awareness of protein consumption through nutrient-dense foods and a preference for beef over other types of meat due to health concerns associated with poultry and pork. The rise in demand for beef-based products, particularly in emerging markets, will also drive the growth of this segment.

Market Segmentation by Distribution Channel
The lab-grown meat market is also segmented by distribution channel, which includes business-to-business (B2B) and business-to-consumer (B2C) models. In 2025, the B2B segment is expected to account for the largest share of the market. This is due to the growing demand for meat-based products from foodservice industries, including restaurants, catering services, and other food establishments. Additionally, some countries have already approved the sale of lab-grown meat in restaurants, creating further opportunities for growth in the B2B space.

The B2B segment is projected to register the highest CAGR during the forecast period, driven by increasing consumer curiosity and the growing interest of quick-service restaurants (QSRs) in serving lab-grown meat products. The convenience and sustainability of lab-grown meat, combined with its potential to address ethical concerns related to traditional meat production, are likely to drive adoption among foodservice operators.

Market Segmentation by Application
In terms of application, the lab-grown meat market is segmented into various categories, including nuggets, burger patties, meatballs, steak, hot dogs & sausages, and other applications. The nuggets segment is expected to account for the largest share of the market in 2025. The increasing demand for convenient, on-the-go foods, such as frozen products, is contributing to the popularity of lab-grown meat nuggets. Many major restaurants and hotels are now offering chicken nuggets as part of their menu, further driving the demand for lab-grown meat in this application.

However, the burger patties segment is projected to experience the highest growth during the forecast period. This growth is fueled by the rising popularity of hamburgers in regions such as the U.S. and Canada, as well as the growing acceptance of high-protein burgers. Lab-grown meat burgers, often touted as more sustainable and ethical alternatives to traditional meat burgers, are becoming increasingly popular, especially in the context of environmental concerns and health-conscious consumers.

Market Segmentation by Geography
Geographically, the lab-grown meat market is analyzed across regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2025, North America is expected to dominate the global lab-grown meat market, accounting for the largest share. This dominance is driven by the rising demand for convenient, sustainable food options and the increasing consumption of meat and meat-based products in the region.

The growing disposable income of consumers and the increasing number of working professionals are also factors that will contribute to the market’s growth in North America. Furthermore, the U.S. government’s support for lab-grown meat and the rapidly developing food retailing sector are expected to create lucrative opportunities for stakeholders in the region. The presence of several key players in the U.S., coupled with ongoing innovations and investments in research and development, will drive the market forward.

Key Players
The report also highlights several key players in the global lab-grown meat market, including Aleph Farms Ltd. (Israel), Avant Meats Company Limited (China), Ants Innovate Pte Ltd. (Singapore), BlueNalu, Inc. (U.S.), ClearMeat (India), Finless Foods, Inc. (U.S.), Future Meat Technologies Ltd. (Israel), Higher Steaks (U.K.), Lab Farm Foods, Inc. (U.S.), Meatable B.V. (Netherlands), Mosa Meat B.V. (Netherlands), MIRAI FOODS AG (Switzerland), Shiok Meats Pte Ltd. (Singapore), SUPERMEAT THE ESSENCE OF MEAT LTD. (Israel), Upside Foods, Inc. (U.S.), and Orbillion Bio, Inc. (U.S.).

These companies are at the forefront of lab-grown meat development, investing in innovative technologies, scaling production capabilities, and expanding their market presence to meet the growing demand for sustainable and ethical protein sources.

Quick Buy – Lab-Grown Meat Market – Global Opportunity Analysis and Industry Forecast (2025-2035), Research Report: https://www.meticulousresearch.com/Checkout/65949898

Conclusion
The global lab-grown meat market is poised for significant growth in the coming years, driven by technological advancements, increasing consumer demand for sustainable food options, and the rising interest in alternative proteins. Although challenges such as high production costs and regulatory uncertainties remain, the market offers substantial opportunities for growth, particularly in North America. With a growing number of key players and ongoing developments in production techniques, lab-grown meat is likely to play a critical role in the future of food, providing a more ethical and environmentally friendly alternative to traditional meat production.

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Issued By Harshal
Country United States
Categories Biotech , Business , Food
Tags labgrown meat market , labgrown meat market size , labgrown meat market share , labgrown meat market growth
Last Updated November 11, 2024