Lab-Grown Meat Market Size

Cultured Meat Market size was valued at USD 483.73 million in 2023 and is set to exceed USD 100.88 billion by 2036, expanding at over 50.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cultured meat is evaluated at USD 680.32 million.

The global market is thriving on the back of increasing demand for food products, backed by the growing population worldwide. There is a rising need amongst individuals from around the globe to increase the production of food products to avoid the short fall in the total stock of food products that is required for consumption by the society. Moreover, rising consumption of meat and meat products around the world, followed by the increasing trade on meat products between nations worldwide are some of the factors anticipated to promote the growth of the global market. According to the statistics by the Food and Agricultural Organization (FAO) of the United Nations, meat exports around the world expanded by 6.8% to 36 million tonnes in the year 2019. The largest growth that was registered was for pig meat, followed by bovine and poultry meats.