JBS, the world’s largest beef and poultry producer, invests $100M into two cultivated meat projects in Spain and Brazil. This investment will provide a new facility in Spain and Brazil’s first Food and Protein Biotechnology R&D Center, which will open this year. JBS is the world’s second-largest pork producer and has over 170 locations in 7 countries. These additional resources are aimed to reduce the costs of cultivated meat and increase its profitability commercially.
Projected Processed Meat Market Expected to Reach US$ 634.5 Billion by 2033, According to Future Market Insights Inc.
The processed meat market is predicted to develop at an impressive 6.5% CAGR from 2023 to 2033, exceeding the lower 6.1% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in...
