What is the global market size of Lab Grown Meat Market?

Global Lab Grown Meat Market size was valued at USD 123.04 million in 2021 and is poised to grow from USD 173.24 million in 2022 to USD 740 million by 2030, growing at a CAGR of 21.9% in the forecast period (2023-2030).

Lab Grown Meat Market Size, Share, Growth Analysis, By Product(business-to-business and business-to-consumer), By Region - Industry Forecast 2024-2031

Q: What is the key market trend for Global Lab Grown Meat Market?

In the global marketplace, the vegan trend is here to stay. Consumers are looking for environmentally friendly alternatives to animal-based food products; food processors are also developing novel options, including lab-grown meat. Clean meat and cultured meat are other names for it. The market for lab-grown meat has seen the entry of a number of new businesses that have received support from well-known organizations. For instance, Cargill has provided funding to Mosa Meat, a Dutch food technology company that is developing cultured meat production methods.

Report ID: SQMIG30C2084 | Region: Global | Published Date: February, 2024
Pages: 267 | Tables: 34 | Figures: 74

Lab Grown Meat Market Dynamics

Lab Grown Meat Market Drivers

Evolution of Tissue Engineering to Bolster Market Growth

Over the past few years, a lot of research has been done in this area on advances in cell culture, which offer a lot of potential value for in vitro research. Cultured meat has been made from animal cells using a variety of tissue engineering methods. Instead of slaughtering animals, a variety of processed meat products have been made using in vitro meat cultured from muscle tissue. The lab grown Meat Market is anticipated to expand as a result of this.

Lab Grown Meat Market Restraints

Lack of Acceptance to Hamper Market Growth

The undefined regulatory framework that governs these novel foods is also anticipated to be a significant obstacle to the expansion of the lab-grown meat market. At regulatory levels, the claims on the label about whether such foods qualify as "meat" are beginning to be considered. In addition, consumer-based surveys carried out in a variety of locations around the world have revealed a lack of trust in lab-grown meat, which is expected to be addressed through increased communication and awareness.

Lab Grown Meat Market Report Snapshots

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Lab Grown Meat Market size was valued at USD 123.04 million in 2019 and is poised to grow from USD 173.24 million in 2023 to USD 740 million by 2031, growing at a CAGR of 21.9% in the forecast period (2024-2031).

Diverse growth strategies have been used by market participants in the cultured meat market to increase profitability, increase market share, and maintain market leadership. Include Future meat, where, Future meat technologies have received a seed investment of USD 2.2 million from Tyson ventures, the venture capital arm of Tyson foods. 'Mosa Meat (Netherlands)', ' Memphis Meats ', ' Aleph Farms ', ' Future Meat Technologies ', ' SuperMeat ', ' Integriculture ', ' Just, Inc. (formerly Hampton Creek) ', ' Finless Foods ', ' Cubiq Foods ', ' Shiok Meats ', ' Biotech Foods ', ' Avant Meats ', ' Meatable ', ' Higher Steaks ', ' Meat-Tech 3D ', ' Biftek.co ', ' Orbillion Bio ', ' Mirai Foods ', ' VOW ', ' BioBQ '

Over the past few years, a lot of research has been done in this area on advances in cell culture, which offer a lot of potential value for in vitro research. Cultured meat has been made from animal cells using a variety of tissue engineering methods. Instead of slaughtering animals, a variety of processed meat products have been made using in vitro meat cultured from muscle tissue. The lab grown Meat Market is anticipated to expand as a result of this.

In the marketplace, the vegan trend is here to stay. Consumers are looking for environmentally friendly alternatives to animal-based food products; food processors are also developing novel options, including lab-grown meat. Clean meat and cultured meat are other names for it. The market for lab-grown meat has seen the entry of a number of new businesses that have received support from well-known organizations. For instance, Cargill has provided funding to Mosa Meat, a Dutch food technology company that is developing cultured meat production methods.

Due to concerns about the safety of meat, it is anticipated that North America will take the largest share of the regional market for lab-grown meat. The adverse effects that red meat products have on a person's health are becoming more and more well-known to consumers. Major food and meat manufacturers have invested in the development of lab-grown meat as a result of their search for suitable alternatives.

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Lab Grown Meat Market Size, Share, Growth Analysis, By Product(business-to-business and business-to-consumer), By Region - Industry Forecast 2024-2031

Lab Grown Meat Market Dynamics

Lab Grown Meat Market Report Snapshots

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