The Lab-grown Meat Market is projected to reach $1.99 billion by 2035, at a CAGR of 21.4% from 2025 to 2035. The steady growth of the lab-grown meat market is mainly attributed to the technological advancements in cellular agriculture, rising investment by key industry leaders, increasing focus on animal welfare, and increased demand for animal-based processed food products. However, the high investment costs and a stringent regulatory environment are expected to hinder this market’s growth to a notable extent.
Here are the top 10 companies operating in the Lab-grown Meat Market
Aleph Farms Ltd. (Israel)
Founded in 2017 and headquartered in Rehovot, Israel, Aleph Farms is engaged in the production of cultivated meat. It was founded by the Strauss Group. The company offers cultivated beef and beef products, such as steaks. In September 2019, Aleph Farms collaborated with 3D Bioprinting Solutions (Russia) for the production of meat on the International Space Station. Additionally, in October 2020, the company launched its space program, Aleph Zero.
In April 2020, Aleph Farms became the first cultivated meat company to announce net zero carbon goals to reach net zero carbon within its operations by 2025 and throughout its supply chain by 2030.
Avant Meats Company Limited (China)
Founded in 2018 and headquartered in Hong Kong, China, Avanta Meats is a technology company engaged in the production of cultivated fish and fish products. Additionally, it offers active skincare ingredients. The company operates through two brands, namely, Avie and Zellulin. With the help of state-of-the-art cultivation processes, Avanta offers products such as fish maw, fish fillet, and fish burgers.
In 2020, Avant Meats created the world’s first cultivated fish fillet prototype. Furthermore, in April 2021, the company established a new R&D and pilot production facility in Singapore with the support of the Singapore Economic Board.
Avant Meats raised USD 10.8 million in a series A funding for its cell-cultured seafood in early 2022.
BlueNalu, Inc. (U.S.)
Founded in 2017 and headquartered in California, U.S., BlueNalu is a cellular aquaculture company engaged in developing cell-cultured seafood products. The company also offers a wide array of value-added seafood products with the help of its cell biology techniques and engineering processes and provides healthy and safe products from fish cells. In 2021, the company introduced Mahi, its first cultured seafood item, to the market, followed by Bluefin Tuna in 2022.
Moreover, in 2021, BlueNalu raised USD 60.0 million in funding to use the funds to complete its regulatory review with the Food and Drug Administration and begin testing its cell-based products. It also received USD 20.0 million in funding to make lab-grown seafood an alternative to commercial fishing in 2019. The company plans to open a nearly 40,000-square-foot pilot production facility for cellular agriculture.
Finless Foods, Inc. (U.S.)
Founded in 2017 and headquartered in California, U.S., Finless Food is a biotechnology company engaged in the production of plant-based and cell-cultured seafood. The company uses ground-breaking plant and cell culture technology to provide delicious and sustainable seafood. It is mostly focused on tuna and develops plant-based and cell-cultured tuna products.
In May 2022, Finless Food made its new plant-based poke-style tuna available in the U.S. foodservice market through Gordon Food Service, one of North America’s largest broad-line distributors. Moreover, in March 2022, the company raised USD 34 million (€31.2 million) in a series B funding round led by Hanwha Solutions Corporation (South Korea) to construct a pilot facility to produce its first scalable, commercial cell-cultured bluefin tuna. This facility is planned to open in San Francisco in 2022. Additionally, this funding brings the total fund raised by the company to nearly USD 48 million (€44 million) since 2017. Finless Food used most of the funds to gain regulatory approval for its cell-cultured bluefin tuna, enabling it to be sold and consumed in the U.S.
Future Meat Technologies Ltd. (Israel)
Founded in 2018 and headquartered in Rehovot, Israel, Future Meat is a food technology company engaged in the production of lab-grown meat. The company is highly focused on using clean meat and cellular agriculture to replace traditional animal-based foods and has a primary lab-grown meat production facility in Rehovot. It aims to bring delicious and cost-effective cultivated meat to the market by 2023.
Future Meat produces cultured meat from chicken cells and is currently working on cultured lamb kebabs and beef burgers. The company has a vision of building sustainable, cost-effective agriculture to meet the protein demands of future generations.
In December 2021, Future Meat Technologies raised USD 347.0 million in series B funding, mainly from The Archer-Daniels-Midland Company (U.S.), S2G Ventures (U.S.), and eight other investors, to accelerate plans for the mass production of cultivated meat in the U.S. Moreover, in December 2021, Future Meat Technologies announced that the company successfully reduced the cost of cultivated chicken to USD 7.70 per pound and USD 1.70 per breast.
Meticulous Research in its latest publication on Lab Grown Meat Market has predicted the growth of 21.4% during the forecast year 20235-2035.
Higher Steaks (U.K)
Founded in 2017 and headquartered in London, U.K., Higher Steaks is a biotechnology company engaged in the production of cell-cultured meat products. The company also provides juicy, tender, and delicious meat and uses state-of-the-art cell culture techniques to produce lab-grown desired meat products. The company uses cell culture technology by taking a small sample of cells from an animal and expanding by feeding these cells, enabling customers to get eco-friendly and healthy meat products.
Lab Farm Foods, Inc. (U.S.)
Founded in 2018 and headquartered in New York, U.S., Lab Farm Foods is a cell-cultured meat startup focused on developing cultured beef. It offers raw materials to companies wishing to create meat products that are healthier and more sustainable than conventional meats without harming a single animal in the process, enabling customers to get meat through cell cultivation. Currently, the company only grows skeletal muscle cells as cultured meat from these cells is the closest equivalent to conventional meat in terms of taste and nutritional values. In October 2020, the company launched two types of cell-based chicken nuggets and a pork liver pâté in the U.S. Moreover, Lab Farm Foods focuses on raising seed funding to grow its team, scale production capabilities, and reduce costs.
The company is a member of NYU Langone’s Biolabs Incubator, which provides state-of-the-art lab space and equipment for biotech and life science startups.
Mosa Meat B.V. (Netherlands)
Founded in 2016 and headquartered in Maastricht, Netherlands, Mosa Meat is a food technology-based company engaged in the production of cell-cultured meat products. The company offers beef burgers to the market and produces slaughter-free hamburgers directly from cow cells. Its products are developed from single cow cell processing in a bioreactor. The company adapts deployed bioengineering techniques to develop an end-to-end industrial process for cultured meat production.
Mosa Meat is continuously seeking regulatory approval in Europe. The company applied for regulatory approval for cell-based products in the first half of 2021 and aims to have a product on the market at the end of 2022.
In February 2022, the company completed a total of USD 85.0 million in series B funding, enabling it to extend its current pilot production facility in Maastricht, develop an industrial-sized production line, expand the team, and introduce delicious cultivated beef to consumers.
Shiok Meats Pte Ltd (Singapore)
Founded in 2018 and headquartered in Central Region, Singapore, Shiok Meats is a cultivated crustacean (cellular aquaculture and cell-based) meat company. The company is engaged in the production of cultivated seafood and meat products. In November 2020, Shiok Meats launched its second product line, the world’s first cell-based lobster meat. In August 2021, the company unveiled cell-based crab meat in Singapore. Moreover, in 2021, the company planned to produce its cell-based crustacean meats for USD 50.0 per kilogram by the end of 2022, far lower than the USD 3,000.0 required per kilogram in 2021.
In addition, Shiok Meats also carried out an internal consumer study in Singapore in early 2021, which found that over 78% of Singapore residents were open to trying cell-based seafood, 2% of consumers, mostly young, well-educated, and sustainability-minded, were identified as “early adopters” and showed a willingness to pay as much as 50% more for cultured meat.
SUPERMEAT THE ESSENCE OF MEAT LTD (Israel)
Founded in 2015 and headquartered in Tel Aviv, Israel, SuperMeat is a food technology company engaged in the production of high-quality chicken meat directly grown from the chicken cell. Moreover, the company is also working to develop a “meal-ready” chicken, a cultured meat product created through cell culture. Currently, the company is working to reduce its production costs by growing target tissues to increase feed conversion ratio (FCR), which decreases resource expenditure, waste, and overall smaller ecological footprint, translating to cost reduction.
SuperMeat is scaling up its seed funding & support from meat firms. As of 2022, the company has raised a total of USD 4.2 million in funding over six rounds. Their latest funding was raised on Jun 8, 2022. In 2018, the company raised USD 3.0 million in seed funding from U.S.-based venture capital fund New Crop Capital and a mission-oriented VC firm Stray Dog Capital.
Popular Mention: Upside Foods, Inc. (U.S.), Meatable B.V.(Netherlands), ClearMeat (India), Ants Innovate Pte Ltd (Singapore), MIRAI FOODS AG (Switzerland), and Orbillion Bio, Inc (U.S).
Authoritative Research on the Lab-grown Meat Market – Global Opportunity Analysis and Industry Forecast (2025-2035)
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- Recent financial performance of Lab-grown Meat Market
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive Lab-grown Meat Market report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.