Quotes from Just-food.com, February 7, 2024
By Andy Coyne
The buzz around cultivated or lab-grown meat continues to grow, but the practical application of these innovations is yet to match the enthusiasm. While the industry has made significant strides, challenges such as high production costs and regulatory hurdles remain. The next decade will likely focus on proving commercial viability and addressing potential concerns, all while striving to deliver a delicious product at the right price.
Challenges, such as the expensive production costs associated with creating meat from animal cells, obtaining regulatory approval, and persuading customers and end consumers of its value, remain either unresolved or yet to be addressed.
Many food-tech or tech companies aspire to stand out and attract the funds that have poured into this sector, which some regard, with varying degrees of exaggeration, as the future of food and the planet’s salvation. However, for many of them, time passes without much progress from their initial stage.
Good Meat, a US-based company that produces meat from cells in a lab, made history in November 2020 when it received approval from Singapore’s authority to sell its products. The company, which is a subsidiary of Eat Just, has also obtained similar authorization in the US, along with another company, Upside Foods.
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