Can the price of cultured meat be reduced? - industry speaks out

Can the price of cultured meat be reduced? The industry speaks out

September 24, 2024

You can also read more about the A-Team here. Recent study published in NatureThe costly process of producing cultured meat can be reduced.

Continuous treatmentThe researchers predicted that the price of lab-grown chicken would be $6.20 per pound (0.45 kg), or $5.60. That's the same price as organic chicken.

We ask key industry stakeholders how the research affects them and their ambitions for cultured meat.

Can these methods reduce costs?

The study received a lot of positive feedback. The study was received with a lot of optimism. in SingaporeYou can also learn more about the following: The United Kingdom.

She says achieving price parity would increase the accessibility of the plant-based sector and make it more attractive to consumers. This would increase investor interest in companies that produce cultured chicken, such as Vital Meat.

Talance said the techniques used in the study are particularly relevant for cultured meat companies that choose to develop cultured meat as an ingredient rather than a whole product.

FoodNavigator reported that Dr. Neta Lavon of Israeli company Aleph Farms told them: "These methods, which are widely used in the biotech sector, can be applied to various companies producing cultured meat."

Investor recession

Meat production in the United States has increased. Decrease in investments among “generalist” investorsNadine Gieser, the director of the World Fund, says that's true. That's because novel food companies have to solve many technical problems before their products can be brought to market.

Floor Buitelaar is co-founder and CEO of strategy consultancy Bright Green Partners. He says it will help you in your business too. Long wait for approvalInvestors are discouraged by the high cost of cultured meat.

They still have challenges, including operational risk and high costs, even though they are promising. Other techniques can effectively overcome these limitations.

Ivy Farm, a UK-based cultured meat company, sees these developments in a positive light. Ben Kinder, Ivy Farm’s manufacturing director, says the principles are also applicable to other companies in the cultured meat sector.

But, "some of the more specific aspects can be tailored to a certain product."

Cultured Meat Demands

Only three countries have approved meat culture – Israel, the United States and Singapore. However, a large number of applications are awaiting approval.

Aleph Farms was the first to submit an application for cultured meat in Europe last year. United KingdomYou can also learn more about the following: SwissThe French company Gourmey has filed the First application to the EUFor foie gras which is cultivated.

Can these cost savings be increased?

Talance, CEO of Vital Meat, says there is room to further reduce costs, but it requires a coordinated industry effort. As bioreactor and growth media suppliers ramp up production, costs will come down, which is good for the industry as a whole.

She stressed that before the industry can grow, it must overcome hurdles such as novel food approvals. She says the industry is making steady progress.

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Before full commercialization, the industry must overcome a number of challenges. Image source: Getty Images/visualspace

Lavon of Aleph Farms told us that these cost-reducing techniques could be scaled up to volumes of up to 5,000L. However, further development is needed to increase the volume.

Collaboration is essential for Ivy Farm to successfully scale. These cost reductions are scalable, but they require continued investment in the future and research to create a robust industrial framework. To achieve the common goal of low-cost cell culture media and robust, scalable production systems, collaboration across industries is essential.

Kinder also suggests that regulatory approval would be a powerful driver for the industry as it makes the sector more attractive to investors.

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