Blueweave
United States Lab Grown Meat Market

United States Lab Grown Meat Market

United States Lab-grown Meat Market - By Type (Beef, Pork, Poultry, Seafood); By Application (Nuggets, Burger Patties, Meatballs, Steak, Hot Dogs & Sausages, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: July 2023
  • Report ID: BWC23550
  • Available Format: PDF
  • Page: 260

Report Overview

The shift towards sustainable food systems being sparked by the expanding technological developments in the field of alternative proteins, and a growing number of vegans, and change consumer attitudes toward animal welfare are expected to boost the growth of the United States lab-grown meat market during the forecast period between 2023 and 2029.

United States Lab-grown Meat Market – Industry Trends & Forecast Report, 2029

United States lab-grown meat market size was estimated at USD 28.42 million in 2022. During the forecast period between 2023 and 2029, the United States lab-grown meat market size is projected to grow at a CAGR of 16.28% reaching a value of USD 70.27 million by 2029. The shift towards sustainable food systems is being sparked by the expanding technological developments in the field of alternative proteins. According to projections, variables that will contribute to the spread of cultured meat include the rising number of vegans and consumer attitudes towards animal welfare. Though the market is still in its infancy, research and development are being done to enable the mass manufacturing of cultured meat. The main market players are concentrating on getting regulatory permits for marketing cultured meat products.

United States Lab-grown Meat Market

United States Lab-grown Meat Market – Overview

Lab-grown meat, also known as cultured meat or cell-based meat, refers to meat products that are produced through cellular agriculture in a laboratory rather than by traditional animal farming methods. It involves the cultivation of animal cells in a controlled environment to generate muscle tissue that can be harvested and processed into meat products. Lab-grown meat aims to provide a sustainable and ethical alternative to conventional animal farming. It has the potential to reduce environmental impact, alleviate animal welfare concerns, and address challenges related to food security and resource consumption. However, the technology and production processes are still under development, and commercial availability of lab-grown meat on a larger scale is gradually becoming a reality.

United States Lab-grown Meat Market

Growth Drivers

Increasing Focus on Animal Welfare

Increasing concerns about animal welfare are a significant driver of the growth in the United States lab-grown meat market. Lab-grown meat, also known as cultured or cell-based meat, offers a more humane and ethical alternative to traditional animal farming methods. Animal welfare has become a growing priority for consumers, who are increasingly aware of the conditions in which animals are raised for meat production. Traditional animal agriculture often involves practices that raise ethical concerns, such as confinement, overcrowding, and the use of antibiotics and hormones. These practices have prompted a shift in consumer preferences toward more humane and cruelty-free options.

Restraints

High production cost

Lab-grown meat is a relatively new field that requires ongoing research and development to optimize production techniques, culture media, and tissue engineering methods. The costs associated with scientific research, experimentation, and technological advancements contribute to the overall production expenses. The process of culturing and maintaining animal cells in a lab environment requires specialized culture media that provide the necessary nutrients for cell growth and differentiation. These media can be expensive, as they need to be formulated with specific components and growth factors. Establishing and maintaining the infrastructure for lab-grown meat production, including laboratories, cleanrooms, and bioreactors, involves significant upfront costs. Additionally, the specialized equipment required for cell culturing, tissue engineering, and processing further adds to the production expenses.

United States Lab-grown Meat Market

Segmental Coverage

United States Lab-grown Meat Market – By Type

Based on the type, the United States lab-grown meat market is divided into beef, pork, poultry, and seafood segments. Poultry has a major share in the lab-grown meat market by type. Lab-grown poultry eliminates the need for raising and slaughtering animals, addressing concerns related to animal welfare. By producing poultry meat directly from animal cells, it provides a more humane and ethical option for meat consumption. Poultry farming is associated with environmental challenges, such as land use, water consumption, and greenhouse gas emissions. Lab-grown poultry has the potential to reduce these environmental impacts by requiring fewer resources, such as land and water, and generating lower emissions.

United States Lab-grown Meat Market Size

Competitive Landscape

Major players operating in United States lab-grown meat market include Aleph Farms, Avant Meats Company Limited, Biftek INC, Mosa Meat, BlueNalu, Inc., BioFood Systems Ltd, WildType, New Age Eats, Shiok Meats Pte Ltd, and SuperMeat. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In June 2023 - Lab-grown meat was granted permission by to be sold to consumers for the first time in the United States. Upside Foods and Good Meat, companies focused on cultured meat, received approval from the US Department of Agriculture to produce and sell chicken products derived from clusters of sample animal cells grown in large metal vats.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

United States

Product/ Service Segmentation

Type, Application

Key Players

Aleph Farms, Avant Meats Company Limited, Biftek INC, Mosa Meat, BlueNalu, Inc., BioFood Systems Ltd, WildType, New Age Eats, Shiok Meats Pte Ltd, SuperMeat

 

By Type

  • Beef

  • Pork

  • Poultry

  • Seafood

By Application

  • Nuggets

  • Burger Patties

  • Meatballs

  • Steak

  • Hot Dogs & Sausages

  • Others

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. United States Lab-grown Meat Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing animal welfare
        2. Increasing awareness of health and nutrition
      2. Restraints
        1. High production cost
      3. Opportunities
        1. Advancement in technology
      4. Challenges
        1. Stringent government regulations
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. United States Lab-grown Meat Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Beef
        2. Pork
        3. Poultry
        4. Seafood
      2. By Application
        1. Nuggets
        2. Burger Patties
        3. Meatballs
        4. Steak
        5. Hot Dogs & Sausages
        6. Others
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. United States Lab-grown Meat Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on United States Lab-grown Meat Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Aleph Farms
    2. Avant Meats Company Limited
    3. Biftek INC
    4. Mosa Meat
    5. BlueNalu, Inc.
    6. BioFood Systems Ltd
    7. WildType
    8. New Age Eats
    9. Shiok Meats Pte Ltd
    10. SuperMeat
    11. Other Prominent Players
  1. Key Strategic Recommendations
  2. Research Methodology
    1. Qualitative Research
      1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

 

Figure 1       United States Lab-grown Meat Segmentation

Figure 2       United States Lab-grown Meat Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       United States Lab-grown Meat Market Size, By Value (USD Million), 2019–2029

Figure 5       United States Lab-grown Meat Market Share, By Type, By Value, 2019–2029

Figure 6       United States Lab-grown Meat Market Share, By Application, By Value, 2019–2029

 

List of Tables

 

Table 1        United States Lab-grown Meat Market Size, By Value (USD Million), 2019–2029

Table 2        United States Lab-grown Meat Market Size, By Type, By Value, 2019–2029

Table 3        United States Lab-grown Meat Market Size, By Application, By Value, 2019–2029

Table 4        Aleph Farms Company Overview

Table 5        Aleph Farms Financial Overview

Table 6        Avant Meats Company Limited Company Overview

Table 7        Avant Meats Company Limited Financial Overview

Table 8        Biftek INC Company Overview

Table 9        Biftek INC Financial Overview

Table 10      Mosa Meat Company Overview

Table 11      Mosa Meat Financial Overview

Table 12      BlueNalu, Inc. Company Overview

Table 13      BlueNalu, Inc. Financial Overview

Table 14      BioFood Systems Ltd Company Overview

Table 15      BioFood Systems Ltd Financial Overview

Table 16      WildType Company Overview

Table 17      WildType Financial Overview

Table 18      New Age Eats Company Overview

Table 19      New Age Eats Financial Overview

Table 20      Shiok Meats Pte Ltd Company Overview

Table 21      Shiok Meats Pte Ltd Financial Overview

Table 22      SuperMeat Company Overview

Table 23      SuperMeat Financial Overview

Market Segmentation

No data available
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

Note: Please share the corporate email address for faster response

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: Key growth factors for United States Lab-grown Market include the shift toward sustainable food systems being sparked by the expanding technological developments in the field of alternative proteins.
Ans: United States Lab-grown Meat Market size was estimated at USD 28.42 Million in 2022.
Ans: United States Lab-grown Meat Market size is expected to grow at a CAGR of 16.28% during the forecast period between 2023 and 2029.
Ans: Key players in United States Lab-grown Meat Market include Aleph Farms, Avant Meats Company Limited, Biftek INC, Mosa Meat, BlueNalu, Inc., BioFood Systems Ltd, WildType, New Age Eats, Shiok Meats Pte Ltd, and SuperMeat.
Ans: The poultry segment holds a major share in the United States Lab-grown Meat Market by type.
array(1) {
  ["__ci_last_regenerate"]=>
  int(1732307560)
}