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Redding, California - November 2, 2022

Lab-grown Meat Market Worth $1.99 Billion by 2035

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)—Global Forecast to 2035

Meticulous Research^®—a leading global market research company, published a research 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 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. This market is driven by the technological advancements in the production of lab-grown meat, the increasing venture investments in the lab-grown meat industry, the growing focus on animal welfare, the increasing demand for animal-based processed food products, and the increasing demand for allergen-free foods. However, the high demand for plant-based protein, the lack of a standardized regulatory framework for lab-grown meat, psychological barriers to consuming lab-grown meat as food, and the growing vegan population are restraining the growth of the cultured meat market. Furthermore, the increasing demand for alternative proteins and the growing per capita meat consumption are expected to offer growth opportunities for the players operating in this market. However, high production costs are a challenge for market growth. Additionally, clean eating and sustainable foods are major trends in this market.

The global lab-grown meat is segmented by type, distribution channel, application, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.

Based on type, the global lab-grown meat market is segmented into beef, poultry, pork, seafood, and other lab-grown meat types. In 2025, the beef segment is expected to account for the largest share of the lab-grown meat market. The large market share of this segment is mainly attributed to the popularity of beef products in various quick-service restaurants. Additionally, it is comparatively cheaper than other types of lab-grown meat products.

This segment is also projected to register the highest CAGR during the forecast period. The increasing awareness of protein consumption through high-nutritional food and the growing preference for beef over other meats due to various diseases associated with poultry and pork are expected to boost the growth of this market.

Based on distribution channel, the global lab-grown meat market is segmented into business-to-business and business-to-consumer. In 2025, the business-to-business segment is expected to account for the largest share of the lab-grown meat market. The large market share of this segment is primarily attributed to the growing demand for meat-based products from foodservice industries and received approval for restaurants to sell lab-grown meat meals in some countries. This segment is also projected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to consumers’ curiosity to try lab-grown meat-based products and the increasing interest of quick service restaurants (QSRs) in serving lab-grown meat products to their customers.

Based on application, the global lab-grown meat market is segmented into nuggets, burger patties, meatballs, steak, hot dogs & sausages, and other applications. In 2025, the nuggets segment is expected to account for the largest share of the lab-grown meat market. The large market share of this segment is attributed to the increasing adoption of on-the-go lifestyles and the increasing demand for snacking and frozen products. Nearly all the big restaurants and hotels provide chicken products in the form of nuggets because of the rising convenience of eating meat and its low cost compared to other chicken products. This has increased the use of lab-grown meat in the nuggets segment. The increasing developments in on-the-go food products make nuggets a preferred option for consumers. However, the burger patties segment is projected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the rising popularity of hamburgers in the U.S. Additionally, the rising acceptance of high-protein burgers in the U.S. and Canada is fueling the industry demand. Cultured meat burgers are the top substitutes for traditional meat burgers due to their less environmental impact and ethical issues.

Based on geography, in 2025, North America is expected to account for the largest share of the overall lab-grown meat market. The large share of this market is attributed to the increasing demand for convenient food and the steadily growing consumption of meat and meat products. The rising disposable income of consumers, coupled with an increase in the number of working professionals, is further expected to drive the growth of the lab-grown meat market in North America. The rising government support and rapidly developing food retailing sectors are creating lucrative opportunities for the stakeholders in the cultured meat market in the region. Moreover, at present, the U.S.-based key players are focusing on creating strategies in order to attract a large consumer base. Hence, the market is expected to witness significant growth during the forecast period and is also projected to register the highest CAGR during the forecast period due to a rise in innovations, developments, and high spending for efficient R&D and the presence of a number of investors in the lab-grown market.

The key players operating in the global lab-grown meat market are 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).

Download Free Sample PDF Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5293

Key questions answered in the report-

Which are the high-growth market segments in terms of type, distribution channel, application and geography?
What is the historical market for lab-grown meat across the globe?
What are the market forecasts and estimates for 2025–2035?
What are the major drivers, restraints, opportunities, challenges, and trends in the global lab-grown meat market?
Who are the major players in the global market, and what market share do they hold?
Who are the major players in various countries, and what market share do they hold?
How is the competitive landscape?
What are the recent developments in the global lab-grown meat market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global cultured meat market, and how do they compete with other players?

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Redding, California - November 2, 2022

Lab-grown Meat Market Worth $1.99 Billion by 2035

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)—Global Forecast to 2035

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