U.S. Cultured Meat Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

U.S. Cultured Meat Market

U.S. Cultured Meat Market By Type (Red Meat, Seafood, and Poultry Meat), By End-User (Food Service and Household), and By Region - Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032-

Category: Food & Beverage Report Format : PDF Pages: 215 Report Code: ZMR-8695 Published Date: Sep-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 4 Million USD 951 Million 50% 2023

U.S. Cultured Meat Industry Prospective:

The U.S. cultured meat market size was evaluated at $4 million in 2023 and is slated to hit $951 million by the end of 2032 with a CAGR of nearly 50% between 2024 and 2032.

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U.S. Cultured Meat Market: Overview

Cultured meat is also referred to as lab-grown meat. It is a kind of meat produced through animal cell cultivation in a regulated environment. Moreover, this method helps in minimizing the requirement of raising and farming animals for meat. For the record, cultured meat is produced in a lab from animal cells. The key aim of cultured meat is to create eco-friendly meat.

Key Insights

  • As per the analysis shared by our research analyst, the U.S. cultured meat market is projected to expand annually at the annual growth rate of around 50% over the forecast timespan (2024-2032)
  • In terms of revenue, the U.S. cultured meat market size was evaluated at nearly $4 million in 2023 and is expected to reach $951 million by 2032.
  • The U.S. cultured meat market is anticipated to grow rapidly over the forecast timeline owing to a focus on animal welfare and environmental concerns caused as a result of traditional meat consumption.
  • In terms of type, the red meat segment is slated to register the highest CAGR over the forecast period.
  • Based on end-user, the household segment is predicted to contribute majorly towards the U.S. industry revenue in the upcoming years.
  • Region-wise, the southern cultured meat industry in the U.S. is projected to register the fastest CAGR during the projected timespan.

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U.S. Cultured Meat Market: Growth Factors

Growing highlight on animal welfare to prop up the market growth in the U.S. over forecast period

Focus on animal welfare and environmental concerns caused as a result of traditional meat consumption are anticipated to spearhead the growth of the U.S. cultured meat market. Apart from this, cultured meat items are healthier with reduced saturated fat content. Moreover, a rise in the customer demand for sustainable foods and the launching of new flavors and textures of the product will proliferate the size of the market surge in the country. Celebrity endorsements of the product will chart a profitable graph for the market in the U.S.  

U.S. Cultured Meat Market: Restraints

Stringent legislation governing the product manufacture to put brakes on the industry surge by 2032

An increase in the need for investment in developing new cell culture units and bioreactors along with the necessity of huge funding for research projects pertaining to the launch of new products are few of the major factors likely to hamper the growth of the U.S. cultured meat industry. Additionally, strict laws controlling the use of cultured meat in the U.S. will prompt the growth of the industry in the country.

U.S. Cultured Meat Market: Opportunities

Suring awareness about maintaining clean environment to create new growth avenues for the market in the country

Growing environmental concerns and empathy towards animals can exponentiate the growth of the U.S. cultured meat market in the years ahead. New product development and launching differentiated products can carve a favorable roadmap for the market space in the years ahead. The necessity of preventing diseases related to food and the preference for low fat and high protein content will enunciate the growth of the country's market.

U.S. Cultured Meat Market: Challenges

Cut-throat competition from business rivals can challenge the U.S. industry growth over forecast period

Tough competition from firms manufacturing alternate products at lower costs along with a lack of acceptance of the product by people in developed countries can put a huge challenge to the expansion of the U.S. cultured meat industry. Regulatory impediments can further prove detrimental to the growth of the industry in the U.S.

U.S. Cultured Meat Market: Segmentation

The U.S. cultured meat market is divided into type, end-user, and region.                                          

In terms of type, the U.S. cultured meat market across the globe is bifurcated into red meat, seafood, and poultry meat segments. Additionally, the red meat segment, which gained about 72% of the U.S. market proceeds in 2023, is expected to register the highest gains during the time-interval from 2024 to 2032 subject to the growing preference for red meat varieties in the U.S. Firms are focusing on producing lab-cultivated substitutes of pork, beef, and other red meat products and thereby contributing to an eco-friendly environment.

Based on the end-user, the U.S. cultured meat industry is divided into food service and household segments. Additionally, the household segment, which accrued about 62% of the industry revenue in 2023, is set to make major contributions towards the industry share in the U.S. during the forecast timeline owing to the large-scale intake of cultured meat with growing awareness about health benefits of offered by the product as compared to intake of conventional meat. Changing dietary patterns of the customers in the U.S. will further scale up the growth of the industry in the country.

U.S. Cultured Meat Market: Report Scope

Report Attributes Report Details
Report Name U.S. Cultured Meat Market
Market Size in 2023 USD 4 Million
Market Forecast in 2032 USD 951 Million
Growth Rate CAGR of 50%
Number of Pages 215
Key Companies Covered Mosa Meat, Memphis Meats, Future Meat Technologies, JUST Inc., Finless Foods, Wild Type, BlueNalu, New Age Meats, Integriculture Inc., Aleph Farms., and others.
Segments Covered By Type, By End-User, and By Region
Regions Covered in U.S. Northeast, Midwest, South, and West
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

U.S. Cultured Meat Market: Regional Insights

Northeastern region of the U.S. to dominate the market growth in the country over forecast timeline

Northeastern region, which accounted for 50% of the U.S. cultured meat market share in 2023, is expected to establish a dominating position in the U.S. market in the ensuing years. In addition to this, the regional market surge in the forecast timeline can be a result of green initiatives adopted by the Northeastern states in the U.S. Furthermore, a rise in the healthcare awareness about the product among the population in the region will protrude the size of the market in the country. Growing vegan as well as vegetarian trends will further prop up the growth of the market in the country. An increase in the number of startups and technology labs set up in the states of Northeast in the U.S. will add to the growth of the market in the U.S.

Southern cultured meat industry in the U.S. is predicted to register the highest growth rate annually in the next few years. The growth of the industry in the country can be due to a rise in food production and an increase in farming activities. Moreover, favorable government initiatives and demand for eco-friendly food products will drive the growth of the industry in the U.S. Presence of key players in the country will spur the industry growth in the Southern part of the U.S.

Key Developments

  • In June 2021, Future Meat Technologies introduced the World’s first cultured meat industrial manufacturing unit in the U.S. The new unit can manufacture about 500 kg of cultured food products. Recently, the firm has been manufacturing cultured lamb, chicken, and pork without making use of either serum or modifying genes.
  • In June 2023, the USDA approved cell-cultivated meat for two U.S.-based meat manufacturers. For the record, one of the firms receiving approval from USDA includes Upside Foods and Good Meat.

U.S. Cultured Meat Market: Competitive Space

The U.S. cultured meat market profiles key players such as:

  • Mosa Meat
  • Memphis Meats
  • Future Meat Technologies
  • JUST Inc.
  • Finless Foods
  • Wild Type
  • BlueNalu
  • New Age Meats
  • Integriculture Inc.
  • Aleph Farms.

The U.S. cultured meat market is segmented as follows:

By Type

By End-User

  • Food Service
  • Household

By Region

The U.S.

  • Northeast
  • Midwest
  • South
  • West

Table Of Content

Methodology

FrequentlyAsked Questions

Cultured meat is also referred to as lab-grown meat. It is a kind of meat that is produced through animal cell cultivation in a regulated environment.   

The U.S. cultured meat market growth over the forecast period can be owing to a rise in customer demand for sustainable foods and the launch of new flavors and textures of the product.

According to a study, the U.S. cultured meat industry size was $4 million in 2023 and is projected to reach $951 million by the end of 2032.

The global U.S. cultured meat market is anticipated to record a CAGR of nearly 50% from 2024 to 2032.

Southern cultured meat industry is set to register the fastest CAGR over the forecasting timeline owing to a rise in food production and an increase in farming activities. Moreover, favorable government initiatives and demand for eco-friendly food products will drive the growth of the industry in the U.S. Presence of key players in the country will spur the industry growth in the Southern part of the U.S.    

The U.S. cultured meat market is led by players such as Mosa Meat, Memphis Meats, Future Meat Technologies, JUST Inc., Finless Foods, Wild Type, BlueNalu, New Age Meats, Integriculture Inc., and Aleph Farms.    

The U.S cultured meat market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.

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