Future Foods: Navigating the Lab-grown Meat Market and Its Impact on Traditional Agriculture


Posted October 22, 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 prominent global market research firm, has released an insightful report 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.” This comprehensive publication highlights the evolving landscape of lab-grown meat and its potential impact on the global food market.
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Market Overview and Growth Projections
According to Meticulous Research®, the global lab-grown meat market is expected to reach a valuation of $1.99 billion by 2035, growing at a robust compound annual growth rate (CAGR) of 21.4% during the forecast period from 2025 to 2035. This significant growth is driven by a variety of factors, including:
• Technological Advancements: Continuous innovations in the production processes of lab-grown meat are enhancing efficiency and scalability, making these products more accessible to consumers.
• Increased Venture Capital Investment: A surge in funding from venture capitalists and other investors is propelling research and development in the lab-grown meat sector, fostering an environment for growth.
• Focus on Animal Welfare: As more consumers become conscious of animal welfare issues, lab-grown meat offers a viable alternative to traditional meat, appealing to ethically-minded consumers.
• Rising Demand for Animal-Based Processed Foods: The ongoing demand for convenience foods and processed meat products is pushing manufacturers to explore lab-grown options.
• Demand for Allergen-Free Foods: Lab-grown meat provides opportunities for producing allergen-free alternatives, appealing to consumers with dietary restrictions.
Despite these drivers, the market faces several challenges. High demand for plant-based protein sources, lack of a standardized regulatory framework, psychological barriers surrounding the consumption of lab-grown meat, and an increasing vegan population may restrain growth in the cultured meat market. Additionally, while opportunities exist, high production costs remain a significant hurdle for market players. However, trends toward clean eating and sustainable food sources are shaping the industry landscape positively.
Market Segmentation
The global lab-grown meat market is categorized based on type, distribution channel, application, and geography, allowing for a detailed analysis of industry competitors and market dynamics at regional and country levels.
By Type
The market is segmented into various types of lab-grown meat, including beef, poultry, pork, seafood, and other variants. Notably, the beef segment is anticipated to command the largest market share in 2025. This popularity is largely attributed to the high demand for beef products in quick-service restaurants (QSRs) and the relatively lower production costs compared to other types of lab-grown meat.
Furthermore, the beef segment is projected to register the highest CAGR during the forecast period. This growth is fueled by increasing consumer awareness regarding protein intake through nutritious food sources and the growing preference for beef over other meats due to health concerns associated with poultry and pork.
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By Distribution Channel
The lab-grown meat market is also segmented based on distribution channels into business-to-business (B2B) and business-to-consumer (B2C) models. The B2B segment is expected to dominate the market in 2025, driven by rising demand for meat products from foodservice industries. Approval for restaurants to sell lab-grown meat meals in various countries further bolsters this segment.
The rapid expansion of the B2B segment is fueled by growing consumer curiosity about lab-grown meat products and increasing interest from QSRs in offering these alternatives. As lab-grown meat gains popularity, the demand from both B2B and B2C channels is anticipated to grow.
By Application
The lab-grown meat market is divided into several application segments, including nuggets, burger patties, meatballs, steak, hot dogs and sausages, and other applications. In 2025, the nuggets segment is expected to capture the largest market share. This can be attributed to changing consumer lifestyles that favor convenience foods, alongside rising demand for snacking and frozen products.
Many major restaurants and hotels offer chicken nuggets as a popular menu item, contributing to increased usage of lab-grown meat in this segment. The demand for on-the-go food products enhances nuggets' appeal. However, the burger patties segment is projected to achieve the highest CAGR during the forecast period, driven by the popularity of hamburgers in the United States. Additionally, the growing acceptance of high-protein burgers in North America is driving industry demand. Cultured meat burgers are emerging as top substitutes for traditional meat burgers, particularly due to their lower environmental impact and ethical considerations.
By Geography
Geographically, North America is expected to account for the largest share of the lab-grown meat market in 2025. This dominance can be attributed to several factors, including:
• Rising Demand for Convenience Foods: As consumers increasingly seek out convenient food options, lab-grown meat aligns well with these preferences.
• Growing Consumption of Meat Products: The steady rise in meat consumption contributes to the lab-grown meat market's growth.
• Higher Disposable Incomes: The rising disposable income among consumers enables them to explore premium food products, including lab-grown meat.
• Increasing Number of Working Professionals: A growing workforce leads to a demand for quick and easy meal options, further driving interest in lab-grown meat.
• Government Support and Food Retailing: Supportive government policies and a rapidly developing food retail sector create lucrative opportunities for stakeholders in the cultured meat market.
U.S.-based companies are actively strategizing to capture a larger consumer base, driving the market's growth. With a focus on innovation and substantial investments in research and development, the region is poised for significant growth during the forecast period.
Key Players in the Lab-Grown Meat Market
Several key players are shaping the landscape of the global lab-grown meat market, each contributing unique innovations and strategies:
1. Aleph Farms Ltd. (Israel): A pioneer in lab-grown steak production, focusing on sustainability and ethical food sources.
2. Avant Meats Company Limited (China): Specializes in developing lab-grown seafood products, contributing to alternative protein sources.
3. Ants Innovate Pte Ltd (Singapore): Engages in creating innovative lab-grown meat solutions.
4. BlueNalu, Inc. (U.S.): Focuses on cultivating seafood products to meet the rising demand for alternative proteins.
5. ClearMeat (India): Aims to provide clean meat options to the Indian market, addressing local consumer needs.
6. Finless Foods, Inc. (U.S.): Innovates in the lab-grown fish sector, targeting sustainability and food security.
7. Future Meat Technologies Ltd. (Israel): Works on creating lab-grown products that mimic traditional meats.
8. Higher Steaks (U.K.): Develops cultured pork products to meet market demand for alternative proteins.
9. Lab Farm Foods, Inc. (U.S.): Engages in producing sustainable lab-grown meat products.
10. Meatable B.V. (Netherlands): Focuses on developing a wide range of lab-grown meat options.
11. Mosa Meat B.V. (Netherlands): Known for its efforts in producing lab-grown beef products.
12. MIRAI FOODS AG (Switzerland): Works on innovative lab-grown meat solutions.
13. Shiok Meats Pte Ltd (Singapore): Aims to create lab-grown shrimp and other seafood products.
14. SUPERMEAT THE ESSENCE OF MEAT LTD (Israel): Focuses on creating lab-grown chicken products.
15. Upside Foods, Inc. (U.S.): A leader in the development of lab-grown meat technology.
16. Orbillion Bio, Inc. (U.S.): Engages in creating a range of lab-grown meats, enhancing diversity in the market.
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 substantial growth, driven by technological advancements, rising consumer awareness of ethical and sustainable food sources, and increasing investments in the industry. While challenges such as high production costs and regulatory hurdles remain, the increasing demand for alternative proteins and the evolving landscape of food consumption present significant opportunities for market players. As the industry continues to innovate and expand, lab-grown meat is set to play an increasingly important role in shaping the future of food.
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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 October 22, 2024