Pressures brought on by the ongoing climate crisis are predicted to drive the price parity and race towards product launches for high-tech dairy alternatives using cell-based technology and precision fermentation, according to a panel of experts.
The panel which convened at the recent Global Dairy Summit 2021 comprised of precision fermentation dairy firm Better Dairy CEO Jevan Nagarajah, cell-based dairy firm TurtleTree Labs Chief Strategist Max Rye, and cell-based dairy firm Formo CEO Raffael Wohlgensinger.
Cell-based dairy technology in particular has been estimated to require decades before any tangible results can be delivered due to the many hurdles still in the way of mass production, but according to Rye, the wait is unlikely to be quite so long.