Artificial Meat Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Artificial Meat Market is Segmented By Source (Duck, Beef, Poultry, Seafood, Pork), By Application (Burgers, Meatballs, Nuggets, Hot Dogs, Sausages), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Sales, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Artificial Meat Market Size

The Global Artificial Meat Market reached US$ 150.4 million in 2022 and is expected to reach US$ 435 million by 2030 growing with a CAGR of 14.2% during the forecast period 2023-2030.

The increase in the consumer’s demand for sustainable and ethical food options, coupled with concerns over environmental impact and animal welfare in traditional meat production, are driving the growth of the artificial meat market. Some key trends in the artificial meat market include advancements in cellular agriculture technologies, increasing investments and collaborations in the industry, growing consumer acceptance and demand for plant-based and cell-based meat alternatives, and the development of innovative meat substitute products with improved taste and texture.

Artificial meat is a form of cellular agriculture. This meat is generally produced by tissue engineering techniques and Cell culture technology pioneered in regenerative medicine. Cell-based meat, also known as cultured meat, is a type of artificial meat produced by culturing animal cells in a lab setting, offering a sustainable and ethical alternative to conventional meat production. Bioreactors play a crucial role in the production of cell-based meat by providing a controlled environment for the growth and multiplication of animal cells, enabling efficient and scalable production. Scaffold-based meat production involves the use of edible scaffolds as support structures for the growth and differentiation of cells, facilitating the development of complex and structured cell-based meat products.

Artificial Meat Market Scope

To Know More Insights - Download Sample
 

Artificial Meat Market Dynamics

The Increase in Transition of People Towards Veganism is Driving the Market Growth

The growing vegan population is indeed one of factors driving the artificial market. As more people adopt a vegan or plant-based diet, there is an increasing demand for meat alternatives that provide similar taste and texture to real market. Artificial meat is an alternative to conventional meat which are often made from plant-based proteins, such as soy or pea protein, and can also include other ingredients like vegetable oils, starches, and spices.

According to the World Animal Foundation organization data published in 2023, there are around 88 million vegans in the world. In year 2022, more than 629,000 people signed up for vaganiuary campaign. Almost 1-% population of the world is vegan. In addition to the vegan population, there is also growing interest in artificial meat among customers who are concerned about the environmental impact of traditional animal agriculture and the ethical of animals.

Growing Meat Consumption is Driving the Artificial Meat Market

The artificial meat industry is expanding as a result of rising meat consumption. The Australian Department of Agriculture, Water, and the Environment reports that over the past 20 years, the country's consumption of meat has climbed by 58%, reaching 360 million tons. In 2021, the average meat consumption in Spain was 46.2 kilograms per person, with chicken being the most widely consumed form of meat.  

Worldwide demand for processed foods has increased as a result of radical changes in dietary preferences and way of life. The consumption of various types of meat has increased as a result of globalization and the rising popularity of various cuisines. The key drivers of restructured meat demand through 2023 are shifting consumer preferences, the prevalence of processed foods, hectic lifestyles, an increase in the number of working women, rising per capita disposable income, improvements in freezing technology, and rising demand for restructured meat from the health-conscious population.

The Undefined Regulations Imposed by the Governing Body Holding Back the Artificial Meat Market

Regulatory challenges are one of the  key restraints for the artificial meat market, and they can have a significant impact on the growth and development of the industry. In many countries, there is a lack of clear regulatory frameworks for the production and sale of artificial meat. This can create uncertainty for companies that are developing these products, and can make it difficult for them to bring their products to market. There is also a lack of consensus around how artificial meat products should be labelled.

Some argue that these products should be labelled as "meat" or "beef", while others argue that they should have a separate designation to avoid confusion with traditional meat products. As the artificial meat industry grows, there are likely to be intellectual property issues that arise around patents and other forms of intellectual property. This can create legal challenges for companies that are developing these products and can slow down innovation in the industry.

Artificial Meat Market Segment Analysis

The global artificial meat market is segmented based on source, application, distribution channel, and region.

The Lab Grown Beef is Expected to Hold the Largest Market Share Due to its Demand in Culinary Applications

The global artificial meat market by source has been segmented by duck, beef, poultry, seafood, and pork.

Lab-grown beef segment is expected to hold the largest market share in the artificial meat market for several reasons. Beef is one of the most popular types of meat globally, and there is a significant demand for beef products such as burgers, steaks, and sausages. As a result, there is a large market opportunity for lab-grown beef products that can offer a more sustainable and ethical alternative to traditional beef.

Additionally, the production of lab-grown beef is more advanced compared to other types of artificial meat, such as chicken or pork. Some of the major key players in the industry expand their production facility to fulfill consumers demand. For instance, On April 24, 2023, Cell AgriTech, a cell based company launched its first lab grown meat facility in Penang by the end of 2024. The company focused on the cultivating seafood, beef and chicken.

Source: DataM Intelligence Analysis (2023)

Artificial Meat Market Geographical Share

North America Dominates the Market of Artificial Meat Globally

North America has a relatively high percentage of consumers who are interested in alternative protein sources, including plant-based meat alternatives and lab-grown meat. This is due in part to growing concerns around health, animal welfare, and the environmental impact of traditional meat production. North America is home to a large number of companies and startups that are developing artificial meat products. These companies are well-funded and have access to advanced technologies and resources, which has enabled them to develop innovative products and bring them to market quickly.

North America has a relatively favorable regulatory environment for artificial meat, which has helped to support the growth of the industry. For example, on March 21, 2023, the US Food and Drug Administration (FDA) and the US Department of Agriculture (USDA) both provided guidance on the regulation of lab-grown meat, which helped to clarify the regulatory pathway for companies developing these products.

Source: DataM Intelligence Analysis (2023)

Artificial Meat Market Companies

The major global players include Meatable, Just Inc., Aleph Farms, Mosa Meat, Finless Foods, Memphis Meats, SuperMeat, Mirai Foods, BlueNalu and Orbillion Bio Inc.

COVID-19 Impact Analysis

COVID-19 Impact

The pandemic has raised concerns about food safety and security, leading to an increased demand for alternative protein sources like artificial meat. Consumers are seeking products that offer a sustainable and reliable protein supply, driving the growth of the artificial meat market. The artificial meat industry has experienced disruptions in its supply chain due to lockdowns, travel restrictions, and workforce challenges. These disruptions have impacted the production, distribution, and availability of artificial meat products in the market.

The pandemic has influenced consumer behavior and preferences. Health-conscious consumers are increasingly looking for plant-based and alternative protein options, including artificial meat, as they perceive them to be healthier and safer compared to traditional meat products. The closure of restaurants, cafes, and other foodservice establishments during the pandemic has significantly affected the artificial meat market. These establishments are major consumers of artificial meat products, and the shutdowns have led to a decline in the demand for such products.

By Source

• Duck
• Beef
• Poultry
• Seafood
• Pork

By Application

• Burgers
• Meatballs
• Nuggets
• Hot Dogs
• Sausages

By Distribution Channel

• Supermarket/Hypermarket
• Online Sales
• Specialty Stores
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On March 07, 2023, Steakholder Foods, a culture meat producing company announced Strategic Restructuring Plan for Peace of Meat to increase focus on a cultivated avian product launch for Singapore market.
• On March 8, 2023, Steakholder Foods, a cultivated meat company, launched cultivated poultry meat in the Singapore market. Singapore allowed the public sale of cultivated meat.
• On June 23, 2021, Future Meat Technologies, a biotechnology firm an industry leading company developing innovative technology to produce cultured or clean meat, opened the world’s first industrial cultural meat facility.

Why Purchase the Report?

• To visualize the global artificial meat market segmentation based on source, application, and distribution channel understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous artificial meat market-level data points all for segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global artificial meat market report would provide approximately 61 tables, 63 figures and 200 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies