Next-Gen Nutrition: Unveiling the Future of Lab-Grown Meat Market Trends and Opportunities


Posted September 12, 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® recently published a comprehensive 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.” According to the findings, the global lab-grown meat market is expected to grow significantly, reaching a valuation of $1.99 billion by 2035, with a robust compound annual growth rate (CAGR) of 21.4% from 2025 to 2035. This impressive growth is driven by a combination of technological innovations in lab-grown meat production, increasing investments in the sector, rising demand for sustainable and allergen-free food products, and a greater emphasis on animal welfare.

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Market Drivers and Challenges
The lab-grown meat market is experiencing rapid growth due to a range of factors. Technological advancements in cellular agriculture have revolutionized lab-grown meat production, making it increasingly viable and scalable. Significant venture capital investments have also contributed to the industry's development, with numerous start-ups receiving funding to enhance their production processes and bring lab-grown meat products to the market.

Consumer awareness around animal welfare and sustainability has also fueled the demand for lab-grown meat. As more individuals and organizations seek alternatives to conventional meat, cultured meat offers an ethical and environmentally friendly solution. Additionally, there is a growing consumer preference for animal-based processed food products, coupled with an increasing demand for allergen-free foods. These factors are encouraging more consumers to explore lab-grown meat as a viable protein source.

However, the industry faces notable challenges. The increasing popularity of plant-based protein products presents significant competition for lab-grown meat. Many consumers are opting for plant-based alternatives due to their perceived health benefits, cost-effectiveness, and accessibility. Furthermore, the regulatory framework surrounding lab-grown meat remains underdeveloped and inconsistent across different regions, which could hinder market expansion. Additionally, psychological barriers, such as consumer reluctance to embrace lab-grown meat as a mainstream food option, present another obstacle to widespread adoption. The growing vegan population is also contributing to the slower uptake of cultured meat, as many consumers within this demographic prefer plant-based options over lab-grown alternatives.

Despite these challenges, opportunities abound for players in the market. The increasing demand for alternative proteins, coupled with growing per capita meat consumption, provides ample room for growth. However, high production costs remain a major challenge, as scaling lab-grown meat production to a commercially viable level is still a costly endeavor. The market is also influenced by broader consumer trends toward clean eating and sustainable foods, which align well with the core values of the lab-grown meat industry.

Segmentation by Type, Distribution Channel, and Application
The global lab-grown meat market is segmented by type, distribution channel, and application, with each segment contributing to the overall growth and dynamics of the market.
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Type
Based on type, the market is divided into beef, poultry, pork, seafood, and other lab-grown meat products. Among these, the beef segment is projected to account for the largest market share by 2025. This dominance is primarily attributed to the widespread popularity of beef products, particularly in quick-service restaurants (QSRs), where beef is a staple in various menu items. Furthermore, beef is comparatively cheaper than other lab-grown meat options, making it more accessible to a broader consumer base.

In addition to its market share, the beef segment is expected to register the highest CAGR during the forecast period. This growth is driven by increasing consumer awareness of the importance of protein consumption through high-nutritional food sources. Moreover, the growing preference for beef over other meats is partly due to health concerns associated with diseases linked to poultry and pork, further boosting demand for lab-grown beef products.

Distribution Channel
The market is also segmented by distribution channel into business-to-business (B2B) and business-to-consumer (B2C) channels. In 2025, the B2B segment is expected to hold the largest share of the lab-grown meat market. This dominance is primarily due to the growing demand for meat-based products from the foodservice industry, particularly QSRs and restaurants. In some countries, restaurants have already received approval to sell lab-grown meat meals, further driving demand within this channel.

The B2B segment is also forecasted to experience the highest growth rate during the forecast period. This rapid expansion is fueled by consumers’ curiosity about lab-grown meat products, as well as the increasing interest from QSRs to incorporate lab-grown meat into their menus. These factors are expected to drive significant growth in the B2B segment as more foodservice providers explore lab-grown meat options to meet consumer demand for sustainable and ethical food choices.

Application
By application, the lab-grown meat market is segmented into nuggets, burger patties, meatballs, steak, hot dogs & sausages, and other applications. In 2025, the nuggets segment is expected to account for the largest market share. This growth can be attributed to the rising adoption of on-the-go lifestyles and the increasing demand for convenient, snacking, and frozen products. Chicken nuggets, in particular, have gained widespread popularity, with many major restaurants and hotels offering chicken products in nugget form due to their convenience and affordability compared to other chicken products.

Lab-grown meat is increasingly being used in the nuggets segment due to these factors, and this trend is expected to continue as on-the-go food products become more popular. However, the burger patties segment is projected to register the highest CAGR during the forecast period. This rapid growth is largely driven by the rising popularity of hamburgers, particularly in the U.S. Additionally, the increasing acceptance of high-protein burgers in North America, especially in the U.S. and Canada, is fueling demand for lab-grown meat burger patties. Consumers are increasingly turning to cultured meat burgers as a top substitute for traditional meat burgers due to their lower environmental impact and fewer ethical concerns.
Regional Insights

Geographically, the lab-grown meat market is segmented into several regions, with North America expected to hold the largest share of the market by 2025. The region’s dominance can be attributed to several factors, including the growing demand for convenient food products and the steadily increasing consumption of meat and meat products. North America’s rising disposable income levels, coupled with a growing number of working professionals, are also expected to contribute to market growth.

Additionally, the U.S. government’s support for lab-grown meat initiatives and the rapidly developing food retailing sector are creating lucrative opportunities for stakeholders in the region. U.S.-based key players are also focusing on strategies to attract a larger consumer base, further driving market growth. Innovations and developments in lab-grown meat production, along with high spending on R&D, are expected to support the region’s continued growth. As a result, North America is projected to register the highest CAGR during the forecast period, supported by a strong investment landscape and a focus on sustainability and innovation.

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Key Players
The global lab-grown meat market is highly competitive, with key players 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 (Israel), Upside Foods, Inc. (U.S.), and Orbillion Bio, Inc. (U.S.). These companies are driving innovation in the lab-grown meat industry and contributing to the sector’s rapid growth.

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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 September 12, 2024