Cultured meat is revolutionising the meat industry, driven by pioneering startups and supported by established industry giants. With advancements in cellular techniques, regulatory endorsements, and growing logistical costs, it is poised to emerge as a scalable and resource-efficient alternative to conventional meat production, according to GlobalData, a leading data and analytics company.
Kiran Raj, Practice Head of Disruptive Tech at GlobalData, explained that cultured meat has emerged as a beacon of ethical and environmental standards, drawing from cellular sources rather than traditional slaughter. Amid the pursuit of sustainable options, lab-grown alternatives take centre stage. Despite this, achieving widespread acceptance hinges on aligning production costs with economies of scale.
There is a surge in sustainable, animal-free food solutions driven by escalating investments and relentless innovation. Spearheaded by startups pursuing cost-effective production, this movement prompts food industry giants to pivot and tap into the burgeoning cultured meat market.
Shagun Sachdeva, Project Manager of Disruptive Tech at GlobalData, said the cultivated meat sector is poised for exponential growth with regulatory green lights in Singapore and the US.
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