Lab-Based Meat Market is driven by a rapidly increasing consumer demand for sustainable and ethical food alternatives with a healthy CAGR of 5.5% during the forecast period of 2022 to 2030
Research Reports
Jul 14, 2023
Lab-Based Meat Market Insights
According to MRFR analysis, the Lab-Based Meat Market is expected to register a CAGR of 5.5% from 2022to 2030 and hold a value of over USD 22.8 billion by 2030.
Lab-based meat, also known as cultured meat, synthetic meat, or cell-based meat, refers to meat products that are produced by culturing animal cells in a laboratory rather than by traditional animal agriculture methods.
Lab-based meat has gained significant attention and investment in recent years due to its potential to address various challenges associated with conventional meat production, such as the high environmental impact, animal welfare concerns, and food safety issues. The market for lab-based meat is driven by the growing demand for sustainable and ethical food options, as well as the increasing awareness of the negative consequences of industrial animal farming.
The COVID-19 pandemic had significant impacts on the lab-based meat market. The pandemic has highlighted the vulnerabilities and risks associated with conventional meat production, including zoonotic diseases like COVID-19. This has led to increased interest and investment in alternative protein sources, such as lab-based meat. Many investors and companies have recognized the potential of lab-based meat to provide a more resilient and sustainable food system.
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Regional Analysis
The United States is considered the largest region in the lab-based meat market. The United States has been at the forefront of the lab-based meat industry, with numerous companies and startups based there actively developing and commercializing lab-grown meat products.
It is important to note that the lab-based meat market is a global one, and other regions are also making progress in this field. Europe, particularly countries like the Netherlands and Israel, has been actively involved in lab-based meat research and development. The Asia-Pacific region, with countries like Singapore and Japan, has also shown a growing interest in lab-based meat technology and has made significant investments in this area.
Market Segmentation
The Lab-Based Meat Market has been segmented into type and end use.
Based on the type, the market has been segmented into poultry, pork and beef.
Based on the end use, the market has been segmented into burgers, nuggets, hot dogs and meatballs.
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Key Players
Some of the key market players are:
- 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)
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