With its more sustainable production mode and higher healthy food supplying, cultivated meat is gradually regarded as the promising alternative meat food in future by human beings. Most of the countries in the planet had participated in the cut-throat competition for sustainable protein searching, especially for the regions with low food self-sufficiency rate. In this paper, by reviewing the commercial market participation, product development stage, and technical research progress related to cultivated meat in detail, we demonstrated the industrialization progress of cultivated meat and explored the challenges of cultivated meat in the near future. 1) Seeded cell and serum free medium were the basic raw materials, which were directly related to the food safety regulation, production cost control and productivity improvement; 2) Bioreactor and regulation were the cornerstone of industrialization, which were closely related to the capacity expansion, product marketing; 3) Technological improvements in taste, texture, safety, scale, cost were the foundation of realizing product iterative upgrade and market acceptance.