- In May 2024, Meatly, a cultured meat producer, announced the development of a new protein-free culture medium designed to make its products more accessible for supermarket distribution. Priced at only one pound, this innovation aims to significantly lower production costs, enhancing the commercial viability of cultured meat
- In September 2023, Eat Just Inc. entered a strategic partnership with the Halal Products Development Company (HPDC), fully owned by Saudi Arabia's Public Investment Fund. Through this collaboration, HPDC will offer advisory services to assist Eat Just in securing "Halal" certification and necessary approvals to operate as a Halal food distributor. The partnership also aims to leverage HPDC's expertise to help Eat Just create a sustainable strategy for entering the Halal market, facilitating product exports to both local and regional markets
- In April 2023, BlueNalu signed a Letter of Intent (LOI) with Nutreco, a major player in animal nutrition and aquafeed, marking their third agreement following earlier collaborations in December 2019 and Nutreco’s participation in BlueNalu's Series A financing round. This LOI reaffirms both companies' dedication to establishing a food-grade supply chain for cell-cultured seafood. It also highlights Nutreco’s investment in developing this supply chain as BlueNalu advances from pilot development to regulatory and commercial stages, initially focusing on reducing cell feed costs and defining specifications for critical raw materials in BlueNalu's cell-cultured seafood
- In November 2022, Mosa Meat formed an agreement with Singapore-based Esco Aster to eventually introduce its cultivated beef to the Singapore market. This agreement provides Mosa Meat with a unique market entry opportunity, positioning the company to expand its global presence through this pioneering location
- In April 2022, Upside Foods (U.S.) raised USD 400 million in a Series C funding round. The funds will support the construction of a commercial-scale production facility, consumer education initiatives, and the development of a dependable, cost-effective supply chain for cell feed (media) and other essential inputs
Frequently Asked Questions
The market is segmented based on Segmentation, By Meat Source (Beef, Pork, Poultry, Seafood, and Others) Type of Cultivation Techniques (Scaffold-Based, Suspension-Based, Tissue-Based, and Others) Form of Meat Produced (Minced and Whole-Cut) End Products Offered (Burger Patties, Filets/Steaks, Meatballs, Nuggets, and Sausages) Applications (Human Food Industry and Pet Food Industry) End Users (E-Commerce, Restaurants, and Retailers) – Industry Trends and Forecast to 2031
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The Global Cultured Meat Market size was valued at USD 283.93 USD Million in 2023.
The Global Cultured Meat Market is projected to grow at a CAGR of 15% during the forecast period of 2024 to 2031.
The major players operating in the market include mosameat, Memphis meat, Supermeat, Integriculture , Finless Food, Higher steaks, Appleton Meats, Biofood Systems Ltd, Fork & Goode, Finless Foods , Avant Meats Co.Ltd, Balletic Foods, Future Meat Technologies Ltd, Meatable, Mission Barns, Bluenalu, New Age Meats, Aleph Farms Ltd,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
