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 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).

Cultured meat, also known as clean meat, cultured meat, or lab-grown meat, is produced in a laboratory from a small number of animal cells. It is genuine meat, but unlike traditional meat, it does not necessitate the slaughter of animals. In vitro meat, also known as lab grown meat, is a type of artificial meat that is produced through cellular agriculture and tissue engineering. Because meat is an excellent source of omega-3 fatty acids, vitamin B12, protein, and iron, humans have relied on it to meet their nutritional needs. Muscle cells taken from the animal are grown and multiplied in the culture medium to produce in vitro meat in the laboratory. The market for lab-grown meat is expanding because of the numerous advantages it offers, such as a lower impact on the environment, the absence of the need to raise animals, and a reduction in risks to public health.

Cultured meat is an alternative source of protein. Customers are turning their attention to adopting a diet that is richer in nutrients, focuses on living more sustainably, and relies less on animal proteins. Additionally, the majority of consumers of alternative proteins are individuals who are allergic to proteins derived from animals. The adult muscle stem cells of a live animal are grown in vivo to produce lab-grown meat by multiplying to form muscle tissue in a growth culture medium that is rich in nutrients.

The development of more cost-effective growth media for feeding cells, improved "scaffolding" materials that are used to shape generated tissues into meat, and bioreactor platforms that will enable the production of cultured meat on a larger scale are all important challenges facing cultured meat in the future. The high cost of investment is one of the primary obstacles to the production of cultured meat.

US Lab Grown Meat Market is poised to grow at a sustainable CAGR for the next forecast year.