To the editor: I was thrilled to learn an Israeli company, Future Meat Technologies, has slashed production costs for cultured meat and hopes to bring it to the United States in the next year-and-a-half. For those who don’t know, cultured meat is grown from cells, without slaughter. It’s better for the environment, public health and animal welfare. Future Meat Technologies can make a quarter-pound of cultivated chicken for a little less than $4. This is down from $7.50 just a few months ago. “We will launch a product in the U.S. market in the next 18 months that will have a commercially viable price,” company CEO Rom Kshuk told the Financial Times, suggesting this will be under $2.
Food-tech company InnovoPro’s chickpea based proteins can be used as dairy alternatives (Courtesy)
In the field of plant-based proteins, Israeli startups raised the largest amount of money, for a total of $77 million.
In the field of fermentation, Israeli startups raised $21 million. The largest funding round was that of Remilk, which got an over $11 million worth of thumbs ups from investors last year. Remilk produces milk proteins without the use of cows for the production of cheese and dairy products.
In the field of cultivated meat, Israeli firms raised $16 million in 2020, and this sector is poised to thrive in coming years when companies transition from development stage to production, the report said. Future Meat Technologies, which makes meat from animal cells, completed a $27 million funding round, and MeaTech, which focuses on 3D printing of cultured meat, went public on the Nasdaq, raising $22 million during its initial public offering of shares.
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The Global Cultured Meat Market is expected to grow from USD 139.46 Million in 2020 to USD 244.38 Million by the end of 2025.
Company Usability Profiles
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Cultured Meat Market including Aleph Farms Ltd., Appleton Meats, Avant Meats Company Limited, Balletic Foods, Biofood Systems Ltd., Bluenalu, Inc., Finless Foods Inc., Future Meat Technologies Ltd., Integriculture Inc., Just, Inc., Memphis Meats, Mission Barns, Inc., Mosa Meat, Seafuture Sustainable Biotech, and Supermeat.
Cumulative Impact of COVID-19
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. The ongoing research amplifies the researc
Israeli Startups Stampeding Towards Alternative Meat Solutions algemeiner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from algemeiner.com Daily Mail and Mail on Sunday newspapers.
Dive Brief:
Israeli cell-based meat producer Aleph Farms and biomedical engineering researchers at the Technion-Israel Institute of Technology announced they have created the world s first slaughter-free ribeye steak through cell cultivation and 3D bioprinting.
Aleph Farms 3D bioprinting technology combines cell cultivation and 3D printing. Living cells are printed into a shape, and are then incubated to grow, interact and differentiate, allowing the cell-based meat to take on more of the characteristics of a conventional steak, according to the company.
The cell-based meat industry has recently made several technical and regulatory strides that bring it closer to becoming a common product on the marketplace. In December, U.S.-based Eat Just announced it had received regulatory approval in Singapore for cell-based chicken bites to be sold at a restaurant.