The New Frontier in Food: A Comprehensive Analysis of the Lab-grown Meat Market and Its Trajectory


Posted September 12, 2024 by Harshal

According to the latest publication from Meticulous Research®, the global lab-grown meat market is projected to reach $1.99 billion by 2035, at a CAGR of 21.4% during the forecast period 2025–2035.

 
Meticulous Research®, a globally recognized market research firm, has published a comprehensive report titled ‘Lab-grown Meat Market by Type (Beef, Poultry, Pork, Seafood), Distribution Channel (Business-to-Business, Business-to-Consumer), Application (Nuggets, Burger Patties, Meatballs, Steak, Hot Dogs & Sausages), and Geography—Global Forecast to 2035.’ According to this report, the global lab-grown meat market is anticipated to grow significantly, reaching a valuation of $1.99 billion by 2035, with a robust compound annual growth rate (CAGR) of 21.4% over the forecast period from 2025 to 2035.

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The burgeoning growth of the lab-grown meat market is fueled by several factors. Key drivers include technological innovations in lab-grown meat production, increasing venture capital investments, and a heightened focus on animal welfare. Additionally, there is a growing demand for animal-based processed food products and allergen-free foods, further bolstering the market. However, the market faces some notable challenges, such as high demand for plant-based protein alternatives, the absence of a standardized regulatory framework, psychological barriers to lab-grown meat consumption, and the rising vegan population. Despite these hurdles, the increasing interest in alternative proteins and rising per capita meat consumption offer substantial opportunities for industry players. High production costs, however, remain a critical challenge for the market’s expansion. Furthermore, trends like clean eating and the rising preference for sustainable food options are shaping the future of this market.

Market Segmentation Overview
The global lab-grown meat market is segmented by type, distribution channel, application, and geography. The report not only explores the key segments driving market growth but also evaluates major competitors and provides an in-depth analysis of regional and country-specific markets.

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Type-Based Segmentation
In terms of type, the lab-grown meat market is divided into beef, poultry, pork, seafood, and other lab-grown meat varieties. The beef segment is poised to hold the largest market share in 2025. This dominance can be attributed to the high demand for beef products, especially in quick-service restaurants (QSRs), and its relatively lower cost compared to other lab-grown meat types. Beef’s popularity is also linked to its nutritional value, with consumers increasingly seeking high-protein food sources. Moreover, beef is projected to be the fastest-growing segment during the forecast period, driven by growing consumer preference for beef over other meats, particularly in light of concerns surrounding diseases associated with poultry and pork.

Distribution Channel-Based Segmentation
The global lab-grown meat market is also segmented by distribution channels into business-to-business (B2B) and business-to-consumer (B2C) categories. In 2025, the B2B segment is expected to capture the largest share of the market. This is primarily due to the rising demand for meat products from the foodservice sector and the approval of lab-grown meat meals for sale in restaurants in some regions. Quick-service restaurants are particularly interested in incorporating lab-grown meat into their menus, responding to consumer curiosity and a growing demand for ethically sourced meat. This segment is also anticipated to record the highest CAGR throughout the forecast period, supported by increasing interest from the hospitality and foodservice industries.

Application-Based Segmentation
Lab-grown meat applications are segmented into nuggets, burger patties, meatballs, steak, hot dogs & sausages, and other applications. Among these, nuggets are projected to account for the largest share of the market in 2025. The increasing demand for convenient, on-the-go food products, alongside the widespread availability of chicken nuggets in restaurants and hotels, has propelled this segment to the forefront. Nuggets offer consumers a quick and affordable meat option, and lab-grown versions have gained traction due to their convenience and low cost.

However, the burger patties segment is anticipated to exhibit the highest growth rate during the forecast period. The rising popularity of hamburgers, especially in the U.S., and the increasing adoption of high-protein diets have driven demand for lab-grown burger patties. Lab-grown meat burgers present a viable alternative to traditional meat, particularly for consumers seeking environmentally friendly and ethically sourced options. The reduced environmental footprint of cultured meat compared to conventional meat production has contributed to the segment’s rapid growth, particularly in North America, where demand for sustainable protein sources is on the rise.

Geographic Insights
From a geographical standpoint, North America is expected to dominate the global lab-grown meat market in 2025. The region’s leading position is attributed to the growing demand for convenient food options and the steady rise in meat consumption. Factors such as rising disposable incomes and an increasing number of working professionals are also expected to drive market growth in this region.

Moreover, North America’s lab-grown meat industry benefits from substantial government support and a rapidly evolving food retailing sector. This has created lucrative opportunities for industry players, particularly in the U.S., where key market participants are developing strategies to attract a broader consumer base. As a result, the North American market is set to witness considerable growth throughout the forecast period, registering the highest CAGR due to innovations, technological advancements, and significant R&D investments. The presence of a strong investor base further bolsters the region’s market potential.

Quick Buy – Lab-grown Meat Market – Global Opportunity Analysis and Industry Forecast (2025-2035), Research Report: https://www.meticulousresearch.com/Checkout/65949898

Key Market Players
Several key players are shaping the global lab-grown meat market through strategic initiatives and innovations. Some of the prominent companies include Aleph Farms Ltd. (Israel), Avant Meats Company Limited (China), Ants Innovate Pte Ltd (Singapore), BlueNalu, Inc. (U.S.), ClearMeat (India), Finless Foods, Inc. (U.S.), Future Meat Technologies Ltd. (Israel), Higher Steaks (U.K.), Lab Farm Foods, Inc. (U.S.), Meatable B.V. (Netherlands), Mosa Meat B.V. (Netherlands), MIRAI FOODS AG (Switzerland), Shiok Meats Pte Ltd (Singapore), SuperMeat The Essence of Meat Ltd. (Israel), Upside Foods, Inc. (U.S.), and Orbillion Bio, Inc. (U.S.).
These companies are leading innovation in the lab-grown meat sector, contributing to its rapid growth through research, product development, and expansion strategies. With increasing investments and advancements in technology, the global lab-grown meat market is poised for significant transformation over the coming decade.

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Issued By Harshal
Country United States
Categories Biotech , Business , Food
Tags labgrown meat market , labgrown meat market size , labgrown meat market share , labgrown meat market growth
Last Updated September 12, 2024