Located in Thousand Oaks, Ca., the 15,000 square-foot pilot plant has the capacity to produce up to 400 tons of product, strengthening Omeat's path towards regulatory review and approval for a growing demand of sustainable alternative proteins.
The number of deals in the cultivated meat market in the first eight months of 2023 has significantly declined since 2022, a report by financial advisory firm Oghma Partners shows. However, strong government investment and potential regulatory approval could provide a boost for the sector.
The production of cultivated meat will need stable cell lines from multiple different species to be successful. It is produced from stem cells, which are highly flexible and can create yields with the potential to be far greater in volume than the meat the cells originated from.
While the ‘routine use’ of antibiotics in animal agriculture is banned in the EU, increasing globalisation can make it difficult to avoid imported meat reared in this way. While the routine use of antibiotics can increase the risk of antimicrobial resistance, cultivated meat could provide a means of mitigating this.