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The lab-based meat market is witnessing significant changes through a combination of factors such as changing consumer preferences, concerns over sustainability and technological advancements. One of the most important factors defining this market is a growing need for sustainability and ethics in food production. Due to greater understanding of harmful environmental impacts and ethical ramifications associated with traditional meat production, lab-grown or cultured commonly used as cell based meat has been on the rise. This change is consistent with the overall emerging concept of sustainable living where consumers have been searching for ways to reduce their carbon footprint and make mindful food choices.
Technology advancements are playing a crucial role in promoting the growth of lab-based meat market. Innovations in cellular agriculture and tissue engineering have opened the way for manufacturing meat without having to rear animals traditionally. The technological progress towards lab-based meat production is making the process more efficient, but it also helps to alleviate concerns regarding animal welfare # As research and development in this field catches speed, the market is noted to be burgeoning with an increased number of products along with enhanced production processes.
The search for healthier food choices is another major trend impacting the lab-derived meat market. As health-consciousness trends among consumers grow stronger, they strive to find the products that will satisfy their tastes and textures but which contain less saturated fats and cholesterols than traditional meat. The demands for lab-based meat, created with the precision over its nutritional value will be met. Lab-based meat products can have their nutritional profile customised to cater for specific dietary preferences and this is another major contributing factor towards the popularity of lab grown meat with health conscious consumers.
Moreover, the lab-grown meat industry is attracting more attention from investors and stakeholders. The development of cultured meat presents a promising solution to various problems faced by the food industry, leading to significant investments in research and development as well as commercialization. This funding inflow is what brings the market to further growth; thus, it provides for scaling up efforts and reduces costs of production therefore lab-based meat products become more affordable by a larger piece of consumers.
The market trends of lab-based meat are largely dependent on consumer acceptance and education. Educating the public about the benefits of lab-based meat, including its reduced environmental impact, ethical considerations, and potential health advantages, is essential for fostering widespread acceptance. Marketing and communication strategies that highlight the positive aspects of lab-based meat contribute to breaking down barriers and dispelling misconceptions.
Lab Based Meat Market Highlights:
Global Lab-Based Meat Market Overview
lab-based meat market size is predicted to reach USD 22.8 million with a growing CAGR of 5.5% from 2024 - 2032. Lab-based meat is also known as cultured meat, clean meat, in vitro meat, and synthetic meat which is produced by the in-vitro cultivation of animal cells. By accumulating the cells from animals and develop them in an enriched and favorable culture medium, lab-based meat will be produced. As it is grown in an aseptic and strictly controlled environment, the final meat produced is free from any harmful organisms.
This meat has various advantages over conventional meat such as being environmental-friendly, healthy, and free from food food-borne and nutrition-related diseases. The production of this cultured meat reduces the sacrification of animals, the land, water, and energy usage reductions. Moreover, a great man Abdul Qahir Qamar belonging to the International Islamic Fiqh Academy states that “cultured meat will not be considered meat from live animals, but will be cultured meat” which is increasing the demand for the global cultured market. The cells are derived from dogs, pigs, and other haram animals, and their meat is considered vegetative and is similar to yogurt and other fermented pickles.
COVID-19 Analysis
Before the COVID-19 pandemic occurs, the lab-based market is in high demand over the global market. But due to the COVID-19, the lockdowns and regulations imposed by the government lead to a decline in the market. To control the spread of the coronavirus, the government has imposed stringent regulations like semi or full lockdowns, maintaining social distance, business sectors, and education sectors off, limited visits to out, and many more.
The consumption of meat was highly declined for the first two quarters of 2020 due to the spreading of the virus was very fast and people wish to stay in their houses itself and also most of them avoids non-vegetarian and outside foods to control the spread. But later due to the awareness among the consumers regarding the health consciousness behind the nutrient foods and the need of increasing immunity as the high immuned persons cannot suffer severely with coronavirus. Rapidly, the growth of the lab-based meat market increases.
Market Dynamics
Drivers
Increasing meat consumption, rising demand for alternative proteins by food processors, focus on environmental sustainability, and technological innovations in cellular agriculture are the major factors driving the growth of the lab-based meat market. The rising demand and supply gap for meat results in focusing on alternative meat sources. The rise in growth potential and expectancy of high-profit realization leads to an increase in investments for the lab-based market. The rate of urbanization followed by per capita income is one of the driving factors of meat consumption. This cultured meat becomes very popular compared to the traditional method as the cultured meat requires less land by 99%, 90% less water, and 45% less energy compared to traditional one.
From the muscle tissue of the Vitro meat culture, various types of processed meat products are manufactured which opposes the traditional method of slaughtering animals. Hence it is predicted to propel the growth of the market. This meat is produced through Vivo cultivation of live animals adult muscle stem cells that result in muscle tissue with high nutrients growth culture medium. This feature is more advantageous than the traditional method and is expected to boost the lab-based market growth.
Restraint
Rising consumer preference for plant-based protein, high capital, and lack of awareness among consumers regarding the benefits of lab-based meat is hindering the market growth. Manufacturing of this meat is very expensive and stringent regulations are restraining the market.
Opportunities
Launching innovations and research on cultured meat products may create opportunities to accelerate the growth of the lab-based meat market.
Challenges
Consumer skepticism toward lab-based meat is one of the major challenges faced by key players. To develop the high cost-effective growth media for feeding cells, to develop better scaffolding materials that can shape generated tissues into meat and bioreactor platforms which increases the production of lab-based meat on a larger scale. High investment is required to the production of cultured meat is the major challenge of the market.
Study Objectives
- To provide detailed information about the lab-based meat market structure along with various forecast segments and sub-segments for the next 10 years.
- To provide the factors that are affecting the growth of the lab-based meat market value.
- To analyze the lab-based meat market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.
- To provide history and forecast revenue segments and sub-segments of the lab-based meat market revenue for the main geographies.
- To provide the country-level analysis of the current lab-based meat market size and future prospective.
- To provide country-level analysis of the lab-based meat market industry growth by region, form, and application.
- To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a global lab-based meat market growth landscape.
- To track and analyze new product developments, strategic alliances, and global lab-based meat market research.
Regional Market Summary
Global Lab-Based Meat Market Share (%), by Region, 2021
Source: Secondary Sources and MRFR Analysis
Segment Overview
The global lab-based meat market has been divided into segments based on source, end-use, and region.
Based on Source
The global lab-based meat market based on the source is classified into pork, poultry, beef, and others. Out of these sources, the poultry segment is predicted to hold the largest market share due to its high consumer preference and easy culturing for poultry across the globe.
Based on End-Use
Based on End-Use, the lab-based meat market globally has been segmented into meatballs, nuggets, burgers, hot dogs, and others. Among them, nuggets are expected to account for the largest lab-based market share as it is the most preferable snack in North America and European countries.
Based on Region
The global lab-based meat market is regionally has been studied regarding four key regions which are Europe, Asia-Pacific, North America, and the rest of the world. Among these regions, North America is dominating the lab-based market due to the growing demand for clean meat products and the increasing adoption of cultured meat.
Regional Analysis
Region-wise, the global lab-based market is analyzed into Asia-Pacific, North America, Europe, and the rest of the world. Owing to its growing demand for clean meat products and the increasing adoption of cultured meat, North America is in the leading position in the lab-based market during the review period. Due to the huge number of flexitarians with the acceptance and openness of meat substitutes in metropolitan areas is expected to boost the growth of the market in the US and Canada.
Competitive Landscape
The prominent key players in the lab-based meat market trends are the following:
- MosaMeat (Netherlands)
- Finless Foods (US)
- Just, Inc. (US)
- SuperMeat (Israel)
- Memphis Meats (US)
- Integriculture Inc. (Japan)
- Biotech Foods (Spain)
- Future Meat Technologies (Israel)
- Higher Steaks (UK)
- Aleph Farm (Israel)
Recent Developments
- In 2019, Aleph Farms invented the first steak which is similar to natural meat by look and texture.
- The capital arm of Tyson Foods, Tyson venture invested a seed investment of 2.2 million to Future meat Technologies.
- One of the leading enterpriser Tuthill released the product launch of the new T855 and T1055 which offers reliability, power, and rugged performance with the lowest weight for the transportation market. These designs can outrun, outperform, and outlast the other transport blowers for every load.
- In May 2020, the collaboration of Peace of Meat’s Austrian-born cofounder and scientific researcher Eva Sommer announced the startup can provide 20 grams of cultured fat at 300 euros, and their main theme is to reduce the cost of the meat to 6 euros per kilogram by the year of 2030.
- In January 2020, one of the popular vendors Quartz found nearly 30 cultured meat startups, and among them, Memphis Meats, Just Inc., and Future Meat Technologies develop the highly advanced pilot plants
Report Overview
This global lab-based meat market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the lab-based meat market drivers, restraints, challenges, and opportunities. The lab-based meat market forecast segments are the source, end-use, and region.
Segmentation Table
The lab-based meat market trends have been segmented globally based on the source, end-use, and region.
By Source
Pork, poultry, beef, and others.
By End-Use
Nuggets, burgers, meatballs, hot dogs, and others.
By Region
Asia-Pacific, Europe, North America, and the rest of the world are the major geographies included in this lab-based meat market.
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