Cultured Meat Market Size, Share, Growth Analysis, By Product Type(Beef, Pork, Poultry, Seafood), By Source(Beef cell, Pork cell, Poultry cell, Fish cell), By End-use(Nuggets, Burgers, Meatballs, Sausages), By Distribution Channels(Direct-to-Consumer (D2C) Sales, Retail Sales, Online Retailing, Foodservice Channels), By Region - Industry Forecast 2024-2031

Global Cultured Meat Market size was valued at USD 67.3 million in 2021 and is poised to grow from USD 107 million in 2022 to USD 432.17 million by 2030, growing at a CAGR of 19.06% in the forecast period (2023-2030).

The global cultured meat market has witnessed significant growth in recent years, driven by increasing consumer demand for sustainable and ethical food alternatives. Cultured meat, also known as lab-grown or cell-based meat, is produced by culturing animal cells in a lab, eliminating the need for traditional animal farming.

Growing technology developments in the alternative protein area are propelling a global transition towards sustainable food systems. Meat replacements and alternative proteins are attracting global interest due to the rising need to address meat shortages while also addressing population growth and environmental concerns. Environmental sustainability and a growing emphasis on safeguarding meat supply are two of the causes driving the global expansion of the cultured meat business. The expanding vegan population and consumer attitudes towards animal welfare are expected to drive the expansion of cultured meat. Although the business is still in its infancy, research and development for large-scale manufacturing of cultured meat are underway. Major market participants are concentrating their efforts on gaining regulatory permits for the commercialization of cultured meat products.