Cultured and Plant-based Meat Market was valued at USD 5.6 Billion in 2022 and is projected to reach USD 16.9 Billion by 2030, growing at a CAGR of 15.5% from 2024 to 2030.
During this period, the plant-based meat market alone saw exponential growth, with an average annual increase of approximately 20% in sales globally. Meanwhile, cultured meat, still in its nascent stage, demonstrated immense potential. In 2021, the first commercial sale of cultured chicken occurred in Singapore, marking a major step in the acceptance of lab-grown meat worldwide. Despite high production costs, the continuous advancements in bioreactors, growth media, and scaling techniques have lowered costs, paving the way for more widespread adoption in the coming years.
Looking ahead, from 2023 to 2033, the demand for cultured and plant-based meat is projected to accelerate. This surge will be primarily driven by rising concerns over climate change, animal welfare, and the environmental impact of traditional livestock farming. As consumers increasingly seek protein alternatives, the market is expected to expand across multiple regions, particularly in North America, Europe, and parts of Asia. The global plant-based and cultured meat market could exceed $40 billion by 2030, fueled by both consumer demand and the expansion of production facilities.
Advancements in plant-based meat are also expected to witness innovations in taste and texture. Companies are investing heavily in improving the sensory qualities of their products, making them more appealing to a broader range of consumers. With cultured meat, the biggest challenge will be regulatory approval and achieving production cost parity with conventional meat. Nevertheless, experts predict that technological improvements, such as automation in production, will help overcome these barriers and lead to a more sustainable and affordable product.
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The global market for cultured and plant-based meat has seen significant growth between 2018 and 2022, with increasing demand driven by shifting consumer preferences, sustainability concerns, and advances in technology. Cultured meat, produced through cellular agriculture, and plant-based meat, made from plant proteins, represent the future of sustainable food production. These innovations aim to provide consumers with an alternative to traditional meat, offering both environmental and ethical benefits. The total market value of these meat alternatives surged as companies such as Beyond Meat, Impossible Foods, and cultivated meat startups achieved substantial milestones in product development and consumer acceptance.
Kellogg
Hormel
Smithfield Foods (WH Group)
Beyond Meat
Impossible Foods
Cargill
Maple Leaf Foods
The Very Good Food
Right Treat
JUST
Turtle Island Foods
Plantible Foods
Rebellyous Foods
Livekindly
InnovoPro
Tyson
Shuang Ta Food
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cultured and Plant-based Meat Market
Human Food
Feed Addictive
Others
Based on Types the Market is categorized into Below types that held the largest Cultured and Plant-based Meat market share In 2023.
Soy Protein Type
Peanut Protein Type
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cultured and Plant-based Meat Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cultured and Plant-based Meat Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cultured and Plant-based Meat Market, By Type
6. Global Cultured and Plant-based Meat Market, By Application
7. Global Cultured and Plant-based Meat Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cultured and Plant-based Meat Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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