Prospects for the growth of the market for alternative sources of meat production. Statistics, analytics, charts from official sources
Common market for alternative meat sources
In 2020 alone, the industry attracted $3.1 billion of investments. And this is 3 times more than of any year in the history of the industry! If we take all the companies related to this industry together, the total amount of investments received will be $6 billion over the last decade (2010–2020). Almost 50% of them are in 2020. This is an incredibly promising industry, investments with returns exceeding the net profit.
Cultured meat market
In 2020, $366 million was raised by meat grown companies that is almost six times more than in 2019. The interest of the investors stimulated huge growth and helped form a cultured segment in 2020. This is the youngest and fastest developing industry segment, which presents a lot of opportunities not only for public investment, but also for private investors.
By the end of 2020, more than 70 new companies that develop materials, services or end products for grown meat had declared themselves, compared to 55 in 2019. More than 15 startups grow meat including beef, chicken, pork, shrimp, duck, whitefish, mice, salmon, tuna, foie gras, fish paste, lamb, kangaroo, horse and sturgeon.
Distribution of cultured meat around the world
Many countries are actively developing new standards and ways to obtain regulatory approval. Public funding for the cultivation of meat crops contributes to the development of the industry. It is an important step towards diversification of possible risks. Governments in many countries are aware of the importance of supporting research and development on cultured meat.
What does the future hold for the cultured meat industry?
Meat cultivation is one of the most promising industries that attract investors from all over the world. Meat producers face many tasks to improve the performance of the final product. Consumer research shows that most of them are willing to try grown meat and even pay more. Much will depend on the introduction of technology, on how the consumer will get the information about the production of cultured meat and its benefits. New dining experiences and new culinary creations promise to attract new consumers and take a fresh look at our relationship with meat products.
Growing meat is one of the fastest developing industries in the coming decades!