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Cell-Cultured Meat

Making meat sustainable over the long term.

Overview

Cell-cultured meat refers to meat grown in labs, using cells from live animals. Having emerged from cell-culture applications such as antibody protein therapeutics, cell-based therapies, and regenerative medicine, cell-cultured meat technology promises sustainable and humane alternatives to slaughtered meat. 

The industry still faces multiple challenges on the regulatory front and with regard to scalability of industrial production due to high costs which have delayed mass commercialization. Despite this, the first cell-cultured meat products are beginning to enter the market with Eat JUST’s “chicken bites” being approved for sale in Singapore in December 2020, and Esco Aster being approved to produce cell-cultured meat in September 2021, from the Singapore Food Agency. 

More recently, the meat shortage in the US led by the closure of meat processing plants during the Covid-19 pandemic and the rise in prices due to surging feedstock prices and labor shortage has drawn attention to cell-cultured meat production, a more sustainable method of sourcing meat proteins with a minimum impact on the environment. Further, the spread of zoonotic diseases such as salmonella and e. coli in the US and the recent Swine Flu outbreaks in China will likely fuel demand for animal-free agriculture.

What's driving this industry?
Market Sizing

US cell-cultured meat addressable market to range between USD 77-211 billion

View details

COVID-19 IMPACT

  • Cell-cultured meat has a more secure, efficient, and resilient production system compared to traditional meat production in the US  that also gives more control over end products and waste.

  • In the week of April 13-19 2020, daily cattle slaughter fell by nearly 24% year-over-year (YoY) and pig slaughter by 13% YoY.

View detail

Market Mapping


Most of the startups in the cell-cultured space are manufacturers of finished imitation beef and pork products with a smaller group focusing on the production of specialty items such as wagyu beef, bluefin tuna meat, and foie gras. A limited number of traditional meat processing and convenience food manufacturing incumbents have begun investing in the cell-cultured meat space.

The industry’s supply chain is also gradually taking shape, and new startups and incumbents developing supply side expertise should retain a significant advantage as the industry progresses.

Incumbents
Growth
Early
Seed
Pre-Seed
Suppliers (R&D/ Bioreactor)
?
Suppliers (Culture Media/ Ingredients)
?
Manufacturer (Beef)
?
Manufacturer (Pork)
?
Manufacturer (Poultry)
?
Manufacturer (Seafood)
?
CellulaREvolution
CellulaREvolution
CellulaREvolution
CellulaREvolution
CellulaREvolution
CellulaREvolution
Matrix Meats
Culture Biosciences
Cocuus
CellRx
Esco Aster
Believer Meats
Aleph Farms
Mission Barns
Stamm Biotech
CellulaREvolution
Tiamat Sciences
Unicorn Biotechnologies
Mewery Meat
Innocent Meat
Luyef Biotechnologies
Cellular Agriculture
Cultured Blood
Nucleus Biologics
Core Biogenesis
Cubiq Foods
BioTech Foods
BioBetter
Cocuus
CellRx
BSF Enterprise
Mission Barns
Roslin Technologies
Steakholder Foods
IntegriCulture Inc.
CellulaREvolution
ProFuse Technology
Tiamat Sciences
Bright Biotech
Gelatex Technologies
DaNAgreen
Hoxton Farms
Multus Media
biftek.co
Cultimate Foods
Cell Farm
Micro Meat
Cultured Blood
Tyson Foods
Cargill
JBS
Bell Food Group
Eat JUST
Shiok Meat
UPSIDE Foods
Believer Meats
Meatable
Aleph Farms
Mosa Meat
Prolific Machines
SCiFi Foods
Steakholder Foods
CellMEAT
Seawith
Orbillion Bio
DaNAgreen
Ballectic Foods
Atelier Meats
Alife Foods
Hoxton Farms
Mirai Foods
Clever Carnivore
Bene Meat Technologies
Lab Farm Foods
Mzansi Meat
Tyson Foods
Cargill
JBS
Shiok Meat
Joes Future Food
BioTech Foods
BSF Enterprise
Meatable
Ivy Farm Technologies
New Age Meat
Cell X
Steakholder Foods
Evolved Meats
Novel Farms
Mewery Meat
Fork & Goode
DaNAgreen
Atelier Meats
HigherSteaks
Clever Carnivore
Tyson Foods
JBS
Eat JUST
UPSIDE Foods
Believer Meats
Gourmey
Vow
Prolific Machines
Steakholder Foods
IntegriCulture Inc.
SuperMeat
DaNAgreen
Atelier Meats
Clever Carnivore
Nutreco
Nomad Foods
BlueNalu
Shiok Meat
Avant Meats
UPSIDE Foods
Wild Type
Prolific Machines
Finless Foods
Cell X
CellMEAT
Mermade Seafoods
Bluu Seafood
Forsea Foods
Pearlita Foods
Planetary Foods
E-Fishient Protein
Wanda Fish Technologies

The Disruptors


The main disruptors aren’t displacing incumbent pure-play cell-based meat producers so much as major traditional livestock and, to a lesser extent, plant-based meat producers active in this space. The top three startups in terms of funding–Upside Foods, Eat Just, and Future Meat Technologies–have all unveiled a product and delivered technical proofs of concept sufficient to garner over USD 1.4 billion in combined funding.

Upside Foods leads the industry in funding with USD 606 million (which includes the largest funding round in the cultivated meat industry of USD 400 million, raised in April 2022), followed by USD 440 million for Eat JUST and USD 389 million for Future Meat Technologies. Eat Just has already seen commercial success with its plant-based egg substitute “JUST Egg” and developed market ready cell-cultured chicken nuggets in 2018, which fueled interest from investors. Eat JUST became the first startup to sell cultured meat following approval from the Singapore Food Agency. Startups have yet to master industrial-scale production and competitive pricing relative to slaughtered meat, thus far limiting paths to commercialization.

Suppliers (R&D/ Bioreactor)

?

Disruptors

?
Funding in USD Millions
Believer Meats
388
Aleph Farms
119
Culture Biosciences
102
Stamm Biotech
17
Unicorn Biotechnologies
3
Cocuus
3
Mewery Meat
0
CellRx
Unknown
Esco Aster
Unknown
Watchlist
?
Mission Barns
CellulaREvolution
Tiamat Sciences
Innocent Meat
Luyef Biotechnologies
Cellular Agriculture
Cultured Blood

Suppliers (Culture Media/ Ingredients)

?

Disruptors

?
Funding in USD Millions
BSF Enterprise
Public - Market cap USD 7.8 mn
Steakholder Foods
Public - Market cap USD 150.0 k
Roslin Technologies
28
Hoxton Farms
26
Core Biogenesis
25
IntegriCulture Inc.
17
Cubiq Foods
16
BioTech Foods
13
BioBetter
10
Cocuus
3
Micro Meat
0
CellRx
Unknown
Nucleus Biologics
Unknown
Watchlist
?
Mission Barns
CellulaREvolution
ProFuse Technology
Tiamat Sciences
Bright Biotech
Multus Media
biftek.co
Gelatex Technologies
Cultimate Foods
Cell Farm
Cultured Blood
DaNAgreen

Manufacturer (Beef)

?

Disruptors

?
Funding in USD Millions
Steakholder Foods
Public - Market cap USD 150.0 k
UPSIDE Foods
606
Eat JUST
465
Believer Meats
388
Meatable
173
Aleph Farms
119
Mosa Meat
96
Prolific Machines
42
Shiok Meat
30
Hoxton Farms
26
CellMEAT
13
Mzansi Meat
Unknown
Alife Foods
Unknown
Watchlist
?
SCiFi Foods
Mirai Foods
Seawith
Orbillion Bio
Clever Carnivore
DaNAgreen
Ballectic Foods
Bene Meat Technologies
Lab Farm Foods
Atelier Meats

Manufacturer (Pork)

?

Disruptors

?
Funding in USD Millions
BSF Enterprise
Public - Market cap USD 7.8 mn
Steakholder Foods
Public - Market cap USD 150.0 k
Meatable
173
Ivy Farm Technologies
34
Shiok Meat
30
Joes Future Food
14
BioTech Foods
13
Mewery Meat
0
Watchlist
?
New Age Meat
Cell X
HigherSteaks
Clever Carnivore
Evolved Meats
Novel Farms
DaNAgreen
Atelier Meats
Fork & Goode

Manufacturer (Poultry)

?

Disruptors

?
Funding in USD Millions
Steakholder Foods
Public - Market cap USD 150.0 k
UPSIDE Foods
606
Eat JUST
465
Believer Meats
388
Gourmey
58
Vow
56
Prolific Machines
42
IntegriCulture Inc.
17
Watchlist
?
SuperMeat
Clever Carnivore
DaNAgreen
Atelier Meats

Manufacturer (Seafood)

?

Disruptors

?
Funding in USD Millions
UPSIDE Foods
606
Wild Type
124
BlueNalu
85
Prolific Machines
42
Shiok Meat
30
Avant Meats
14
CellMEAT
13
Wanda Fish Technologies
Unknown
Watchlist
?
Finless Foods
Cell X
Bluu Seafood
Forsea Foods
Mermade Seafoods
Pearlita Foods
Planetary Foods
E-Fishient Protein

Believer Meats

Based in Israel, Believer Meats( Future Meat Technologies  prior to November 2022) develops hardware and cell lines for the manufacturing of cell-cultured meat, with the intention of commercializing its manufacturing hardware and techniques.

Believer Meats uses fibroblast cells that can be triggered with small molecules to develop either fat or muscle cells. Fat and muscle cells are cultured in a unique bioreactor that removes the waste material from the media, allowing the company to recycle parts of the media with the aim of reducing feed media input by as much as 50%. The startup replaced FBS with molecules derived from Chinese hamster ovaries (CHO), reducing production costs. The startup has managed to reduce production costs to USD 150/lb for chicken and USD 200/lb for beef. According to Founder Yaakov Nahmias, a refrigerator-sized bioreactor has the capacity to produce approximately half a ton of muscle and fat every 14 days. In May 2021, the startup reduced the cost of cell-cultured chicken breast by 50%—USD 4 per quarter-pound serving from USD 7.50 in February 2021. In December 2021, the company further reduced the cost of cultivated chicken breast to USD 1.70, surpassing its 18-month projection and speeding up its goal to achieve price parity with animal counterparts. It also had plans to launch its product in the US by 2022.

In June 2021 , Believer Meats opened what the company claimed was the world's first “industrial” cell-cultured meat facility. The facility has a production capacity of 500 kg of cultured meat per day (equivalent to around 5,000 hamburgers) and will produce cultured chicken, pork, and lamb, with beef production expected to follow. The company’s first product was expected in 2022 as a blend of 45%–60% cell-cultured chicken and/or lamb and 40%–55% plant-based meat. Besides the US and Europe, Believer Meats planned to debut in Asia, with China and India its primary markets, and partnered with Charoen Pokphand Foods to develop cultivated meat products for Asia. In August 2022 , the company announced it has developed what it claims to be the world’s first cultivated lamb.

In its latest funding round in December 2021, the company raised USD 347 million in a Series B recording the largest investment in cell-cultured meat at the time. The round was co-led by ADM Ventures, while funds were to be used to accelerate its production plans in the US.

Segment:
Suppliers (R&D/ Bioreactor)
Total funding:
USD 387.8 million
Competitors:
Innocent Meat, Cell Farm, Luyef Biotechnologies, Cellular Agriculture Ltd, CellulaREvolution
Disruptor Funding History

Suppliers (R&D/ Bioreactor):

Believer Meats
Aleph Farms
Culture Biosciences
Stamm Biotech
Unicorn Biotechnologies
Cocuus
Mewery Meat
Mission Barns
CellulaREvolution
Tiamat Sciences
Innocent Meat
Luyef Biotechnologies

Suppliers (Culture Media/ Ingredients):

Steakholder Foods
Roslin Technologies
Hoxton Farms
Core Biogenesis
IntegriCulture Inc.
Cubiq Foods
BioTech Foods
BioBetter
Cocuus
Micro Meat
Mission Barns
CellulaREvolution
ProFuse Technology
Tiamat Sciences
Bright Biotech
Multus Media
biftek.co
Gelatex Technologies
Cultimate Foods
Cell Farm

Manufacturer (Beef):

Steakholder Foods
UPSIDE Foods
Eat JUST
Believer Meats
Meatable
Aleph Farms
Mosa Meat
Prolific Machines
Shiok Meat
Hoxton Farms
CellMEAT
SCiFi Foods
Mirai Foods
Seawith
Orbillion Bio
Clever Carnivore

Incumbents


Investments and collaborations provide industry entry for leading meat producers

Cell-cultured meat production is a novel technology that only a few startups have achieved, and as such, incumbents in the industry have not yet demonstrated much expertise in the field. Hence, most incumbents have entered the space through strategic investments and partnerships. On the other hand, cell-cultured meat startups lack the expertise in the relevant supply chains, most notably in raw material sourcing, which has in turn driven the need for partnerships with incumbents.

Suppliers (R&D/ Bioreactor)
Suppliers (Culture Media/ Ingredients)
Manufacturer (Beef)
Manufacturer (Pork)
Manufacturer (Poultry)
Manufacturer (Seafood)
In House Development
M&A
Partnership
Investment
Tyson Foods
Cargill
Nutreco
Bell Food Group
PHW Gruppe
Nomad Foods
M Industry

Notable Investors


No investor data is available

Funding data are powered by Crunchbase
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