IDTechEx New Report Forecasts US$13.7 Billion Cultured Meat Market by 2043

Cultured meat, otherwise known as cultivated or lab-grown meat, is an emerging technology area that uses animal cells grown in the lab to create meat products without requiring animal slaughter and with the potential to improve the sustainability of meat. Unlike many of today's plant-based meat alternatives, cultured meat technology has the potential to create products identical to conventional meat, comprising the same fat and muscle tissue. Cultured meat, otherwise known as cultivated or...

Cultured meat, otherwise known as cultivated or lab-grown meat, is an emerging technology area that uses animal cells grown in the lab to create meat products without requiring animal slaughter and with the potential to improve the sustainability of meat. Unlike many of today's plant-based meat alternatives, cultured meat technology has the potential to create products identical to conventional meat, comprising the same fat and muscle tissue.

Cultured meat has been rapidly growing as a new market over the last few years. Within less than a decade, the industry has grown from a handful of start-ups to over 80 companies across the cultured meat value chain. In November 2022, UPSIDE Foods received pre-market approval from the Food and Drug Administration (FDA), the United States' regulatory body for cultured meat. This was the first time a major market had approved a cultured meat product, a key step that demonstrates the viability of this industry and paves the way to commercialization. This approval follows the precedent set in the Singapore market, where Eat Just's 'GOOD Meat' product was approved in 2020. With these promising signals from regulatory bodies, the cultured meat industry is poised for rapid scaling and the introduction of numerous commercial products in the coming years.

One indicator of growing interest in the cultured meat industry is the rising investments in this space. Investments have risen from US$250,000 in 2015 to US$800 million in 2022, a sign that investors believe in the potential of the cultured meat industry.

IDTechEx's "Cultured Meat 2023-2043" report collects intelligence about the latest developments and trends in the cultured meat industry. The content of the report includes:

To find out more about this new IDTechEx report, including downloadable sample pages, please visit www.IDTechEx.com/CulturedMeat.

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