Is cultured meat a billiondollar sham? Almost a decade since the unveiling of the first lab-grown burger, no business has been able to make it commercially viable. But that's not stopped the money rolling in

[...]the broader cellular agriculture market has been forecast to reach a value of nearly $100bn by the end of this decade, according to BIS Research. The exact process will vary from company to company, but the basic steps haven't changed much since the famous 2013 press conference, when resea...

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Bibliographic Details
Published in:Grocer 2022-03, p.26
Main Author: Tatum, Megan
Format: Magazinearticle
Language:English
Subjects:
Cultured meat
Economic aspects
Farms
Finance
Food
Funding
Institutional investments
Meat industry
Regulatory approval
Scandals
Startups
Venture capital
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Summary:[...]the broader cellular agriculture market has been forecast to reach a value of nearly $100bn by the end of this decade, according to BIS Research. The exact process will vary from company to company, but the basic steps haven't changed much since the famous 2013 press conference, when researcher Mark Post bit down into the world's first lab-grown bee urger - 20,000 thin strips of cultured muscle cra ed into a patty at an estimated cost of €250,000. Ever since, the world has been hooked on the prospect of cell-based meat In the past decade, the science of cultivated meat has seemingly taken huge strides forward It's removed the need for foetal bovine serum (FBS), buckets of which were used to create that first burger in 2013. "The confidence of investors is matched by that of the many scientists, life science companies and academics working in this field" She points out Eat Just's cultured product is now available as part of immersive dinners in a few top-end Singapore hotels, setting guests back SG$23 (about £11).
ISSN:0017-4351