Cultured Meat Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

Report Code: FBR 99001 Report Format: PDF + Excel (Delivery in 48 Hrs)

                        Cultured Meat Market Report       

 Overview

The cultured meat market size is forecast to reach $17.16 million by 2024, registering a growth rate of 4.37% during 2019-2024. Some of the key factors contributing to the market growth include growing demand for alternative protein, advancement in cellular agriculture technologies, and food safety. Further, the growing concern for environmental sustainability and animal welfare is expected to drive the market over the forecast period. 

Report Coverage

The report: “Cultured Meat Market – Forecast (2019-2024)”, by IndustryARC covers an in-depth analysis of the following segments of the Cultured Meat Market.

By Type

•Self-Organizing Technique

•Scaffold-Based Technique

•Cell Culture Media

•Scaffolding and Structuring

•Bioreactors

 By Source

•Poultry

•Pork

•Beef

•Duck

By End-Use

•Nuggets

•Burgers

•Meatballs

•Sausages

•Hot dogs

•Others

By Geography

•North America

•South America

•Europe

•APAC

•RoW

Key Takeaways

· Poultry was the leading segment in the market segmented by source with 36.19%, in 2018.

· Nuggets was the leading segment in the cultured meat market segmented by end-use industry with 23.72%, in 2018.

· North America held the largest share with 51.46%, in 2018.

· Growing preference for a vegetarian and vegan lifestyle is a key factor driving the cultured meat market.

Source - Segment Analysis

The cultured meat market segmented by the source is led by poultry. The poultry segment accounted for a share of 36.19% in terms of revenue in 2018. New eating habits, such as veganism, is driving the market. Veganism involves refraining from the use of animal products, particularly in diet. Non-vegetarians who have turned vegans prefer poultry as the most preferred form of meat source for cultured meat over beef, duck, and pork. Beef followed poultry in terms of revenue in 2018, while pork is expected to grow the fastest during the forecast period 2019-2024.

End-use industry - Segment Analysis

The nuggets segment leads the cultured meat market segmented by the end-use industry. The nuggets segment in the cultured meat market segmented by end-use industry accounted for 23.72%, in 2018. This segment is preferred in developed countries like the U.S., Canada, the U.K., Spain, and Germany in the form of a snack. The demand for nuggets is expected to grow at a healthy rate over the forecast period 2019-2024. Meatballs are expected to follow the nuggets segment in terms of revenue. Moreover, the burger segment is expected to grow at the fastest rate during the forecast period over the other categories in the segment.

Geography - Segment Analysis

North America is expected to hold the largest share in the global cultured meat industry. North America accounted for a share of 51.46% in terms of revenue in 2018. There is much investment put in the research and development of cultured meat in this region, and most of the key players are based out of this region. Further, shifting focus toward alternative protein and environmental sustainability are key factors in driving the market in the region. The Middle East is expected to follow North America in terms of revenue share and is also expected to grow the fastest during the forecast period. 

Drivers - Cultured Meat Market

·         Growing preference for vegetarian and vegan lifestyles

Growing preference for a vegetarian and vegan lifestyle is a key factor driving the cultured meat market. Veganism has grown exponentially over the last few years; social media has played a key role in driving this lifestyle. Thus cultured meat is popular with non-vegetarian consumers who have adopted to veganism.

Further, it has been scientifically proved that this form of lifestyle is healthier than the traditional form of food consumption. According to an article published by the Harvard Health Publishing in October 2018 has mentioned that a vegan way of life is much healthier than traditional diets.  

·         Safer quality meat

According to ‘the Conversation’ cultured meat is much cleaner, in vitro meat, synthetic meat and safer than slaughter-free meat. The cultured meat is developed in labs, cell-based; thus, it nullifies the chance of any fungal or bacterial growth or diseases that can spread with the consumption of cultured meat. Therefore safer quality meat is a key factor in driving the market as consumers preference is shifting towards clean label and health wellbeing lifestyle. 

·         Environment sustainability and animal welfare

 Cultured meat is considered to be the solution to factory farming problems. This form of meat has the potential to eradicate many environmental problems and improve animal welfare. This is a key factor in driving the market during the forecast period 2019-2024 as consumer preference is shifting towards products which are environment-friendly and promises animal welfare.

Challenges – Cultured Meat Market

·         High cost

The high investment cost is the biggest challenge restraining the growth of the cultured meat market. There are a lot of stringent regulations on the production of cultured meat in every country; this is a key factor for the high cost. Further, cultured meat is developed in a lab from cells; this requires a lot of expensive apparatus and requires close supervision of the meat. Moreover, mass production is another key challenge in the growth of the cultured meat market.

·         Lack of awareness

The cultured meat is a very new concept, and most people don’t know about it. Further, consumers perceive that slaughter meat is better for their health over lab-grown meat. This is also a key reason why consumers are even scared to try cultured meat over slaughtered or traditional meat available in the market. 

Market Landscape

Ø Product innovation is the key strategy used by the players in the cultured meat market to gain a competitive advantage over its competitors. As of 2018, the market for the cultured meat in the supply chain is consolidated with the top 5 players accounting for 48.5% of the market share. The cultured meat top 10 companies included in the cultured meat include Aleph Farms, Finless Foods, Future Meat Technologies, Integriculture Inc., Just Inc., Memphis Meats, Modern Meadow, Mosa Meat, Super Meat, Wild Earth Inc. (U.S.).

Cultured Meat Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents the cultured meat industry outlook thorough analysis of the competitive landscape, considering the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the cultured meat. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types, source, and end-use.

1. Cultured Meat Market - Overview
        1.1 Definitions and Scope
2. Cultured Meat Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Cultured Meat Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Cultured Meat Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Cultured Meat Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Cultured Meat Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Cultured Meat Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Cultured Meat Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Cultured Meat Market - By Source (Market Size -$Million / $Billion)
9.1 Poultry
9.2 Pork
9.3 Beef
9.4 Duck
10. Cultured Meat - By End Use (Market Size -$Million / $Billion)
10.1 Nuggets
10.2 Burgers
10.3 Meatballs
10.4 Sausages
10.5 Hot Dogs
10.6 Other End Uses
11. Cultured Meat- By Geography (Market Size -$Million / $Billion)
        11.1 Cultured Meat Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Cultured Meat- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Cultured Meat- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Cultured Meat - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Cultured Meat - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Cultured Meat Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Cultured Meat Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Cultured Meat Market - Key Company List by Country Premium
15. Cultured Meat Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Integriculture Inc.
        15.3 Memphis Meats
        15.4 Mosameat
        15.5 Supermeat
        15.6 Company 5
        15.7 Company 6 & More
*Financials would be provided on a best efforts basis for private companies
16. Cultured Meat Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Cultured Meat Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Cultured Meat Market By Source Market 2019-2024 ($M)
1.1 Poultry Market 2019-2024 ($M) - Global Industry Research
1.2 Pork Market 2019-2024 ($M) - Global Industry Research
1.3 Beef Market 2019-2024 ($M) - Global Industry Research
1.4 Duck Market 2019-2024 ($M) - Global Industry Research
2.Global Cultured Meat Market By End Use Market 2019-2024 ($M)
2.1 Nuggets Market 2019-2024 ($M) - Global Industry Research
2.2 Burgers Market 2019-2024 ($M) - Global Industry Research
2.3 Meatballs Market 2019-2024 ($M) - Global Industry Research
2.4 Sausages Market 2019-2024 ($M) - Global Industry Research
2.5 Hot Dogs Market 2019-2024 ($M) - Global Industry Research
3.Global Cultured Meat Market By Source Market 2019-2024 (Volume/Units)
3.1 Poultry Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Pork Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Beef Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Duck Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Cultured Meat Market By End Use Market 2019-2024 (Volume/Units)
4.1 Nuggets Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Burgers Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Meatballs Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Sausages Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Hot Dogs Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Cultured Meat Market By Source Market 2019-2024 ($M)
5.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
5.2 Pork Market 2019-2024 ($M) - Regional Industry Research
5.3 Beef Market 2019-2024 ($M) - Regional Industry Research
5.4 Duck Market 2019-2024 ($M) - Regional Industry Research
6.North America Cultured Meat Market By End Use Market 2019-2024 ($M)
6.1 Nuggets Market 2019-2024 ($M) - Regional Industry Research
6.2 Burgers Market 2019-2024 ($M) - Regional Industry Research
6.3 Meatballs Market 2019-2024 ($M) - Regional Industry Research
6.4 Sausages Market 2019-2024 ($M) - Regional Industry Research
6.5 Hot Dogs Market 2019-2024 ($M) - Regional Industry Research
7.South America Cultured Meat Market By Source Market 2019-2024 ($M)
7.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
7.2 Pork Market 2019-2024 ($M) - Regional Industry Research
7.3 Beef Market 2019-2024 ($M) - Regional Industry Research
7.4 Duck Market 2019-2024 ($M) - Regional Industry Research
8.South America Cultured Meat Market By End Use Market 2019-2024 ($M)
8.1 Nuggets Market 2019-2024 ($M) - Regional Industry Research
8.2 Burgers Market 2019-2024 ($M) - Regional Industry Research
8.3 Meatballs Market 2019-2024 ($M) - Regional Industry Research
8.4 Sausages Market 2019-2024 ($M) - Regional Industry Research
8.5 Hot Dogs Market 2019-2024 ($M) - Regional Industry Research
9.Europe Cultured Meat Market By Source Market 2019-2024 ($M)
9.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
9.2 Pork Market 2019-2024 ($M) - Regional Industry Research
9.3 Beef Market 2019-2024 ($M) - Regional Industry Research
9.4 Duck Market 2019-2024 ($M) - Regional Industry Research
10.Europe Cultured Meat Market By End Use Market 2019-2024 ($M)
10.1 Nuggets Market 2019-2024 ($M) - Regional Industry Research
10.2 Burgers Market 2019-2024 ($M) - Regional Industry Research
10.3 Meatballs Market 2019-2024 ($M) - Regional Industry Research
10.4 Sausages Market 2019-2024 ($M) - Regional Industry Research
10.5 Hot Dogs Market 2019-2024 ($M) - Regional Industry Research
11.APAC Cultured Meat Market By Source Market 2019-2024 ($M)
11.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
11.2 Pork Market 2019-2024 ($M) - Regional Industry Research
11.3 Beef Market 2019-2024 ($M) - Regional Industry Research
11.4 Duck Market 2019-2024 ($M) - Regional Industry Research
12.APAC Cultured Meat Market By End Use Market 2019-2024 ($M)
12.1 Nuggets Market 2019-2024 ($M) - Regional Industry Research
12.2 Burgers Market 2019-2024 ($M) - Regional Industry Research
12.3 Meatballs Market 2019-2024 ($M) - Regional Industry Research
12.4 Sausages Market 2019-2024 ($M) - Regional Industry Research
12.5 Hot Dogs Market 2019-2024 ($M) - Regional Industry Research
13.MENA Cultured Meat Market By Source Market 2019-2024 ($M)
13.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
13.2 Pork Market 2019-2024 ($M) - Regional Industry Research
13.3 Beef Market 2019-2024 ($M) - Regional Industry Research
13.4 Duck Market 2019-2024 ($M) - Regional Industry Research
14.MENA Cultured Meat Market By End Use Market 2019-2024 ($M)
14.1 Nuggets Market 2019-2024 ($M) - Regional Industry Research
14.2 Burgers Market 2019-2024 ($M) - Regional Industry Research
14.3 Meatballs Market 2019-2024 ($M) - Regional Industry Research
14.4 Sausages Market 2019-2024 ($M) - Regional Industry Research
14.5 Hot Dogs Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Cultured Meat Market Revenue, 2019-2024 ($M)
2.Canada Cultured Meat Market Revenue, 2019-2024 ($M)
3.Mexico Cultured Meat Market Revenue, 2019-2024 ($M)
4.Brazil Cultured Meat Market Revenue, 2019-2024 ($M)
5.Argentina Cultured Meat Market Revenue, 2019-2024 ($M)
6.Peru Cultured Meat Market Revenue, 2019-2024 ($M)
7.Colombia Cultured Meat Market Revenue, 2019-2024 ($M)
8.Chile Cultured Meat Market Revenue, 2019-2024 ($M)
9.Rest of South America Cultured Meat Market Revenue, 2019-2024 ($M)
10.UK Cultured Meat Market Revenue, 2019-2024 ($M)
11.Germany Cultured Meat Market Revenue, 2019-2024 ($M)
12.France Cultured Meat Market Revenue, 2019-2024 ($M)
13.Italy Cultured Meat Market Revenue, 2019-2024 ($M)
14.Spain Cultured Meat Market Revenue, 2019-2024 ($M)
15.Rest of Europe Cultured Meat Market Revenue, 2019-2024 ($M)
16.China Cultured Meat Market Revenue, 2019-2024 ($M)
17.India Cultured Meat Market Revenue, 2019-2024 ($M)
18.Japan Cultured Meat Market Revenue, 2019-2024 ($M)
19.South Korea Cultured Meat Market Revenue, 2019-2024 ($M)
20.South Africa Cultured Meat Market Revenue, 2019-2024 ($M)
21.North America Cultured Meat By Application
22.South America Cultured Meat By Application
23.Europe Cultured Meat By Application
24.APAC Cultured Meat By Application
25.MENA Cultured Meat By Application
26.Mosameat, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Memphis Meats, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Supermeat, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Integriculture Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)