Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 308.93 Million | USD 6332.27 Million | 35.26% | 2024 |
The Global Artificial Meat Market Size was worth around USD 308.93 Million in 2024 and is predicted to grow to around USD 6332.27 Million by 2034 with a compound annual growth rate (CAGR) of roughly 35.26% between 2025 and 2034. The report analyzes the global artificial meat market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the artificial meat industry.
A few animal cells are used to make synthetic meat in a lab. It is real meat, but unlike traditional meat, it doesn't require killing animals. The goal is to create an ethical and sustainable beef industry from an environmental standpoint. Some industry experts believe that the "cellular agriculture" technology used to make meat is the way of the future.
Chronic diseases may be exacerbated by meat consumption. Though scientists can change the amount of fat and cholesterol in cultured meat, the evidence isn't clear about the potential consequences of lab-grown meat on nutrition. Artificial meats are much less likely to contain the E. coli bacteria found in animal feces and other contaminants that could be present in a meat processing factory. Artificial meat is also less harmful to the environment and less cruel to animals.
The COVID-19 pandemic impacted the supply chain, prices, and production of cultured meat, leading to a global socio-economic catastrophe. Due to decreased output and increased demand brought on by panic buying, the cost of meat and meat products skyrocketed. Facilities for packing and processing meat began to close in April 2020 due to the rapid COVID-19 virus transmission among employees. Furthermore, lab meat producers and processors had trouble harvesting and transporting the products because of lockdowns, a shrinking labor force, and changes in local and international export market legislation. These circumstances negatively harmed the lab meat industry.
Government preventive actions, including travel restrictions, border checks, and nationwide lockdowns, impact the cultured meat supply chain and its manufacturing. Due to difficulties in obtaining production inputs, transportation restrictions, a shortage of professional services & labor, and limitations in the provision of cultured meat & meat products to markets, the research & development, production, and processing of lab-grown meat were all hampered.
A tremendous increase in R&D investments to drive market growth
A tremendous increase in R&D expenditures over the past few years has been the primary driver of market expansion in the artificial meat sector. Increasing demand for products made without animal products has led investors to expect high growth prospects from the global artificial meat market. With increasing awareness about animal meat and its impact on health and the environment, artificial meat is gaining more recognition amongst vegetarians, youngsters, and people looking for healthier alternatives.
Availability of other healthy alternatives to restrict market expansion
The rising acceptance of plant-based goods encourages consumers to eat more fruits, vegetables, seeds, nuts, and legumes. These plant-based products also have numerous health advantages, which attracts more buyers. In response to diet-related illnesses like heart disease, obesity, type 2 diabetes, and cancer, many people have increased their consumption of meat from animals. Contrarily, plant-based products do not cause these illnesses, making them a better and healthier choice for customers. Many regions do not favor eating meat or imitation meat, so these populations prefer different vegetarian meals to meet their nutritional needs.
The global artificial meat market has been segmented into source, end-use, and region.
Based on the source, poultry, beef, seafood, pork, and duck are segments of the global artificial meat market. The poultry category will dominate the market in 2021. This can be linked to the rising demand for chicken products from quick-service restaurants (QSRs), which has prompted producers to create inventive alternatives to meet the rising consumer demand for meat. The items made from cultured chicken are anticipated to cost less than those from other sources and become immensely popular worldwide. The demand for poultry products also rises as the demand for animal protein does.
Additionally, it is anticipated that this may hasten the commercial expansion of cultured meat globally. Additionally, it is anticipated that the rising demand for chicken meat would support the worldwide market for cultured meat due to the rapidly expanding urban population in emerging countries.
Based on end-use, the market is classified into nuggets, burgers, meatballs, sausages, hot dogs, and others. The demand for nuggets, a large processed meat product, is rising dramatically. In the U.S. and other North American nations, chicken is still the most widely consumed meat product. One of the main ways that chicken meat products are consumed globally is in the shape of nuggets. Customers are seeking solutions that are handy to eat anytime due to the rising adoption of the on-the-go lifestyle and consumption of snacking items, notably in the U.S. Therefore, to draw in customers, major corporations like Tyson Food and Cargill are concentrating on investing in the development of clean meat or cultured meat chicken products in the shape of nuggets.
Report Attributes | Report Details |
---|---|
Report Name | Artificial Meat Market |
Market Size in 2024 | USD 308.93 Million |
Market Forecast in 2034 | USD 6332.27 Million |
Growth Rate | CAGR of 35.26% |
Number of Pages | 277 |
Key Companies Covered | Beyond Meat, Aleph Farms, Tyson Foods, Oatly, Future Meat Technologies, CellulaREvolution, Redefine Meat, Mosa Meat, Eat Just, Clearmeat, Cultured Decadence, Impossible Foods, NIMP, SuperMeat, Memphis Meats, and others. |
Segments Covered | By Production, By Meat Type, By Target Consumer, By Distribution Channel, By Packaging Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2024 |
Forecast Year | 2025 to 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America dominated the artificial meat market in 2021
The global artificial meat market is most likely to be dominated by North America, which is also projected to lead the industry. High R&D spending and increased inventions and developments are expected to account for most of the share. Customers are mostly converting from conventional meat to cultured meat products due to health concerns about eating meat, increased investor interest in alternative proteins, and the possibility that specially designed proteins would provide the required nutrition. Metropolitan areas in the U.S. and Canada are expected to have the quickest rise due to the rising number of flexitarians and their growing acceptance of meat substitutes and other proteins.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the artificial meat market on a global and regional basis.
The global artificial meat market is dominated by players like:
The global artificial meat market is segmented as follows;
By Production
By Meat Type
By Target Consumer
By Distribution Channel
By Packaging Type
By Region
FrequentlyAsked Questions
The global artificial meat market is expected to grow due to increasing demand for sustainable and ethical protein sources, advancements in cellular agriculture, growing health and food safety awareness, and rising investments from both private and public sectors.
According to a study, the global artificial meat market size was worth around USD 308.93 Million in 2024 and is expected to reach USD 6332.27 Million by 2034.
The global artificial meat market is expected to grow at a CAGR of 35.26% during the forecast period.
North America is expected to dominate the artificial meat market over the forecast period.
Leading players in the global artificial meat market include Beyond Meat, Aleph Farms, Tyson Foods, Oatly, Future Meat Technologies, CellulaREvolution, Redefine Meat, Mosa Meat, Eat Just, Clearmeat, Cultured Decadence, Impossible Foods, NIMP, SuperMeat, Memphis Meats, among others.
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