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Lab Grown Meat Market By Type (Beef, Pork, Poultry, Seafood, Others) By Application (Meatballs, Burger Patties, Hot Dogs & Sausages, Nuggets, Other Applications) By (Distribution Channel, Business-to-Business, Business-to-Consumer) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The Lab Grown Meat market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Lab Grown Meat market industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Lab Grown Meat market industry, as well as how economic and non-economic barriers are helping the Lab Grown Meat market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

lab-grown-meat-market

Key Highlights of the report

How are the major segments performing in the Lab Grown Meat Market?

  • In 2021, the Poultry segment dominated the lab-grown meat market's largest share due to the popularity of poultry products in various quick services of restaurants and the lowest price of lab-grown meat than other types. 
  • In 2021, meatballs will be the leading segment of the Lab Grown Meat market. It captured the largest market share due to increasing sales of ready cook foods and high demand for convenience food. 
  • In 2021, the Business-to-Business segment in Distribution Channel led the market due to the increasing number of fast-food restaurants and high demand for ready-to-eat food. 

Which Region dominated the Lab Grown Meat Market?

In 2021 North America dominated the highest market share in the Lab Grown Meat market. The largest market share is due to the increasing adoption of the on-the-go lifestyle, consumption of snacking products, and increasing number of flexitarians. North America has seen growth and is expected to provide several opportunities to the Lab Grown Meat market. In North America, the growth is attributed to the increasing consumption of convenience food products. Modern technology in the United States gives a growth opportunity to this sector, and they are the largest market for Lab-Grown Meat in North America. Furthermore, the health concerns about the consumption of meat products and the investor interest in alternative proteins of lab-grown meat market growth in this Region.

What is the competitive environment of the Lab Grown Meat Market?

The competitive environment of the lab-grown meat industry provides information on the total economic profit made by suppliers and businesses, the sales and revenues generated in this sector, the global lab-grown meat market share, the business organization overview, the introduction of new products, and the opportunities for the lab-grown meat market. For instance, in February 2019, Several Israeli startups joined a handful of companies worldwide to manufacture lab-grown meat, which they view as a solution to the world's ever-growing population and expanding food needs.

Executive Summary

What are all the developments being developed in the Lab Grown Meat Market?

Development for lab-grown meat is worldwide due to the increasing food requirement. An increasing population is driving the expansion of the global lab-grown meat market to fulfill the food requirement. For instance, in December 2018, Aleph Farms Ltd. in Israel created the world's first cell-grown minute steak. The appearance, shape, and feel of beef cuts provide the whole meat experience. The slaughter-free steak from Aleph Farms requires no grass, water, feed, antibiotics, or other resources to produce cattle for meat.

Which are the key investments by the players in the Lab Grown Meat Market?

Lab-grown meat has been used in a variety of industries due to its exceptional flexibility and capacity to be adaptable in any setting. Various investments are made among the key player. For instance, in September 2021, Nomad Foods Limited, a frozen fish corporation based in the United Kingdom, collaborated with BlueNalu, a seafood cell-cultured business based in the United States, on an expected project to result in the introduction of cell-based goods in Europe. 

Some of the major players in the market are Mosa Meat, Upside Foods, SuperMeat, Wild Earth Inc., Avant Meats Company Limited, Aleph Farms Ltd., Biofood Systems Ltd., Finless Foods, Inc., Future Meat Technologies Ltd., Integriculture Inc., Appleton Meats, Higher Steaks, Meatable, BlueNalu, Inc., Shiok Meats, Seafuture Sustainable Biotech, Lab farm Foods, Cubiq Foods, and Granja Celular S.A.

What are the Major Driving Factors for the Lab Grown Meat Market?

Increasing demand for alternative protein sources and environmental sustainability is a growth factor in the lab-grown meat market. Consumers are changing attention to adopting healthier diets that promote a more sustainable lifestyle and reduce reliance on animal proteins. Additionally, people who are allergic to animal-based proteins make up the majority of alternative protein buyers. Recently, the commercial production of cultured meat has met the growing demand for meat products and lowered the stress on conventional meat sources, which is anticipated to support animal welfare. Furthermore, the increasing adoption of technological advancements in cellular agriculture is the growth of the Lab Grown Meat market. 

What are the Major Risks for the Lab Grown Meat Market?

The high manufacturing cost is the major restraint of the growth of the lab-grown meat market. The high maintenance cost of manufacturing depends on the material and technology required. Furthermore, the strict government regulations and consumer skepticism toward in-vitro meat and compliance across the countries are expected to hamper the market growth. Additionally, the product manufacturers must meet will likely delay commercializing the lab-grown meat market, negatively affecting the market growth. These factors are restraining the growth of the Lab Grown Meat market.  

Which is the key Application in the Market Lab Grown Meat Market?

The Application segment is categorized into Meatballs, Burger Patties, Hot Dogs & Sausages, Nuggets and other applications. Meatballs are the leading segment of the Lab Grown Meat market. It captured the largest market share due to increasing sales of ready cook foods, high demand for convenience, and shifting food consumption behavior. Furthermore, rapid urbanization with increasing developed and emerging countries such as the United States and others are also expected to increase the Lab Grown Meat market demand. Moreover, the Burger Patties segment dominates the market during the forecast period due to the increasing quick service restaurants market and innovative products launched by burger manufacturing.

How is the Lab Grown Meat Market performing in regions?

In 2021, North America dominated the highest market share in the Lab Grown Meat market. The largest market share is due to the increasing adoption of the on-the-go lifestyle, consumption of snacking products, and increasing number of flexitarians. Modern technology in the United States gives a growth opportunity to this sector, and they are the largest market for Lab-Grown Meat in North America. In North America, the growth is attributed to the increasing consumption of convenience food products. North America has seen growth and is expected to provide several opportunities to the Lab Grown Meat market. Furthermore, the health concerns about the consumption of meat products and investor interest in alternative proteins of lab-grown meat market growth in this region.

The Asia Pacific dominated the largest market share. Rapidly, urbanization creates a demand for lab-grown meat in Asia. Asia is the world's most rapidly urbanizing region and has rising economies, increasing meat consumption and customer affordability for premium products. China has been identified as a prominent country to conduct consumer surveys on cultured meat. Asia-Pacific has become a valuable market for Lab-Grown Meat. These factors are expected to increase the growth of the Lab Grown Meat market in the Asia Pacific region.

What is the regulatory landscape for the Lab Grown Meat Market?

The governments are supporting lab-grown meat as it is fulfilling the demand for food globally. In addition, the countries' governments are also applying some FDA standards for the quality purposes of the products. These standards are mandatory for manufacturers as they are consumed by individuals directly. Thus, these government standards support the market growth during the forecast period.

What is the Market Size of Lab-Grown Meat regarding value?

The lab-grown meat market is anticipated to grow at a substantial CAGR of 11.10% in the upcoming years. The Lab Grown Meat market was estimated to be worth USD 150.4 million in 2021 and is expected to be worth USD 282.83 million by 2028.

What are the major players planning for the future of the Lab Grown Meat Market?

The major companies in the lab-grown meat sector are significantly investing in technology. Furthermore, future scenarios suggest that well-known market players invest significantly in startups and medium-sized enterprises to deliver effective solutions to the industry. Large players are expected to buy or merge with major enterprises or startups to achieve a competitive advantage. 

Segmentation of Lab-Grown Meat Market-

Lab-Grown Meat Market– By Type

  • Beef
  • Pork
  • Poultry
  • Seafood
  • Others

 Lab-Grown Meat Market– By Application

  • Meatballs
  • Burger Patties
  • Hot Dogs & Sausages
  • Nuggets
  • Other Applications

Lab-Grown Meat Market– By Distribution Channel

  • Business-to-Business
  • Business-to-Consumer

Lab-Grown Meat Market– By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently Asked Questions (FAQs):

Increasing demand for alternative protein sources and environmental sustainability is a growth factor in the lab-grown meat market. Consumers are changing attention to adopting healthier diets that promote a more sustainable lifestyle and reduce reliance on animal proteins. Additionally, people who are allergic to animal-based proteins make up the majority of alternative protein buyers. Recently, the commercial production of cultured meat has met the growing demand for meat products and lowered

The lab-grown meat market is anticipated to grow at a substantial CAGR of 11.10% in the upcoming years. The Lab Grown Meat market was estimated to be worth USD 150.4 million in 2021 and is expected to be worth USD 282.83 million by 2028.

In 2021, North America dominated the highest market share in the Lab Grown Meat market. The largest market share is due to the increasing adoption of the on-the-go lifestyle, consumption of snacking products, and increasing number of flexitarians. Modern technology in the United States gives a growth opportunity to this sector, and they are the largest market for Lab-Grown Meat in North America. In North America, the growth is attributed to the increasing consumption of convenience food products

Some major players in the market are Mosa Meat, Upside Foods, SuperMeat, Wild Earth Inc., Avant Meats Company Limited, Aleph Farms Ltd., Biofood Systems Ltd., Finless Foods, Inc., Future Meat Technologies Ltd., Integriculture Inc., Appleton Meats, Higher Steaks, Meatable, BlueNalu, Inc., Shiok Meats, Seafuture Sustainable Biotech, Lab farm Foods, Cubiq Foods, and Granja Celular S.A.

In 2021, meatballs will be the leading segment of the Lab Grown Meat market. It captured the largest market share due to increasing sales of ready cook foods and high demand for convenience food.

Lab Grown Meat Market Scope

Report Attribute Details
Market Value in 2021 USD 150.4 million
Market Value in 2028 USD 282.83 million
CAGR 11.10%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Godaddy
Published Date:  Oct 2022
Category:  Food & Beverage
Report ID:   60737
Report Format:   PDF
Pages:   120
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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