The first lab-grown burgers cost more than US$300,000 apiece to produce back in 2013. Bit by bit, however, we're seeing progress in driving these costs down to the point where mainstream outfits like KFC are getting in on the action. Future Meat Technologies says it is the only company to be able to produce cultured chicken breasts for $3.90 a pop and, as it continues to scale up its operations, it expects those costs to fall even further.
"After demonstrating that cultured meat can reach cost parity faster than the market anticipated, this production facility is the real game-changer," says Yaakov Nahmias, founder and chief scientific officer of Future Meat Technologies. "This facility demonstrates our proprietary media rejuvenation technology in scale, allowing us to reach production densities 10-times higher than the industrial standard. Our goal is to make cultured meat affordable for everyone, while ensuring we produce delicious food that is both healthy and sustainable, helping to secure the future of coming generations."
Plant based burger patties, like Beyond Meat, taste nothing like the real thing in my experience. Beyond virtue signalling and the trend towards vegetarianism, I can’t see they will displace demand for meat products. Lab-grown meat on the other hand has all the physical characteristics of animal tissue but is grown from the atomic level to the finished product. That’s a very different prospect.Click HERE to subscribe to Fuller Treacy Money Back to top