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Lab Grown Meat Closer to Supermarket Shelves


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Get ready to start your early investments:

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Lab-meat startups have grown from a handful in 2016 to at least 60 now, according to consultant Lux Research Inc. The sector wants to make production more humane and environmentally sustainable and has attracted record venture-capital funding this year. Just last week, Singapore approved Eat Just Inc. to sell cultured chicken, at a time when interest in alternative proteins is growing.

 

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The cell-based meat market is projected to reach $140 billion in the next decade, according to forecasts compiled by Blue Horizon Corp. AG, which invests in alternative proteins.

Startups announcing test plants include Memphis Meats Inc., which has received backing from Richard Branson and Tyson Foods Inc., as well as cell-based seafood maker BlueNalu Inc. Aleph Farms Ltd., which this week hosted Israel’s Prime Minister Benjamin Netanyahu to taste its beefsteak, is also working on a pilot plant. Companies such as BioTech Foods, SuperMeat and Eat Just have already started testing sites.

“It’s not a question whether this is feasible,” said Ido Savir, CEO of SuperMeat, which has started a test kitchen for cultured chicken in Israel. “It’s a question of how long it will take us to go from a pilot setting, where we’re at, to a commercial scale. Things are becoming very exciting now.”

 

It may not be accepted by 2030, but you'll see at least as much of it as regular meat by 2040 and it is very possible that it will pass regular meat in consumption by 2050.

https://www.bloomberg.com/news/articles/2020-12-10/lab-meat-is-getting-closer-to-supermarket-shelves

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