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Lab-grown meat start-ups hope to make strides in 2022

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Josh Tetrick is co-founder of Eat Just and the CEO. His vision sees meat from a laboratory being available in every type of restaurant, including street vendors and chain restaurants.

But more investment — and regulatory approvals — will be needed to get there. Cultivated meats or cultured meats come from real animals that have been grown in laboratories and commercial production plants. While the manufacturing process may be expensive at present, researchers and entrepreneurs predict that over time, it will be more cost-efficient and cheaper. Consuming cultivated meat could lower greenhouse gases and reduce climate change.

Tetrick told me in an interview, “This is not inevitable.” This could take as long as 300 years, or 30 years. It is up to companies such as ours to actually do the work and communicate with customers about the benefits of engineering.

Crunchbase data indicates that $2 billion has been invested by investors in the area over the last two-years. In the year ahead, there will be more investment. Eat Just and other organizations are working together to get regulatory approval from the Food and Drug Administration and Department of Agriculture in the United States.

LeverVC’s managing partner Nick Cooney said that he anticipates the approval of this project as soon as next year.

He said that there are many companies that have built large pilot-scale facilities for cultivated meat products. However, to do so at significant volumes it will require a lot more capex and a lot more steel.

Over the last two years, Eat Just has made great strides. In Singapore, it received its first regulatory approval in December 2020For its Good Meat-cultured Chicken, it was approved for new types of cultivated poultry there. This includes chicken tenders and shredded chicken products.

Tetrick declared, “It’s real meat.” Instead of requiring billions upon billions, as well as all of the water and land, plus all of the rain forests that you usually need to clear, we begin with one cell. A biopsy from an animal can be used to identify the cell. We no longer need to keep the animal. We then identify the nutrients that are needed for this cell, and then… we create it in an stainless steel vessel known as a bioreactor.

Eat Just, which employs 200 people, also offers plant-based egg products from mung beans.

To date, it says, more than 700 people in Singapore have been served its cultivated meat products — a number Tetrick hopes to rapidly scale up as it receives approvals in other countries.

Eat Just stated that it had already prepared the groundwork for the launch of the business once the approval was granted. Its Good Meat division raised $267million last year for vessels and systems to increase production in Singapore and America. This goal will be achieved in two years. In August, it also said that it was building a plant in Qatar in partnership with Doha Venture Capital, Qatar Free Zones Authority and Qatar Free Zones Authority. However, more capital is required to construct bioreactors capable of scaling up.

The Good Food Institute, a nonprofit advocacy group, reports that there are approximately 100 start-ups focusing on cultivated meat products. Additionally, larger corporations are expanding their operations.

JBS,The global protein giant acquired BioTech Foods late in 2021. investing $100 millionBrazil to open a market for cultivated meat and establish a research-and-development center. Another leader in the space of cultivated foods is the Spanish biotech firm, which focuses on biotechnology to produce cultivated meats.

These changes come at a time consumers show increased concern over climate change and desire to alter their eating habits in order to mitigate it. More people are using plant-based meat products. popping up on menusSimilar to KFCYou can also see us in the grocery aisle Target. Americans could have another option: Cultivated meat, which could be used in conjunction with other products such as those made by Companies like Beyond MeatImpossible Foods.

Caroline Bushnell (Vice President of Corporate Engagement at the Good Food Institute) stated that “the world won’t get to net zero emissions without addressing food production and land.”

According to her, “Our food system is underappreciated for its role in climate change,” but she stated that industrial animal farming is an important contributor. Alternative protein, which includes cultivated meats, is a critical aspect in how we cut our carbon emissions. Without industrial meat production falling, we won’t be able to comply with the Paris Climate Agreement.

Jose Andres (a chef, founder and CEO of the nonprofit humanitarian organization World Central Kitchen) wants to contribute. In the meantime, he has joined Eat Just’s Good Meat division’s board and has committed to selling its cultivated poultry at his U.S. establishments.

Such promises could help Tetrick get closer to his vision. However, costs must also be reduced.

A local fast-food restaurant, or even a large chain store will refuse to eat it if the price is higher than for conventional meat. They’re going to take it when it’s close — or even better, when it’s below the cost. And that is what we have to fight for,” Andres stated.

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