The world of cultured meat is experiencing a lot of activity, reducing costs every day. Israeli startup Future Meats, which has just received the largest investment in cultured meat history, is making its way into the industry and rapidly lowering the production costs of its lab-grown chicken.
Future Meats is one of a number of cultured meat companies working to achieve cost parity with traditional meat products, with Impossible Foods, Eat Just and fellow Israeli Aleph Farms also making significant strides in the past two years. Despite advances, lab-grown meat has yet to hit supermarket shelves on a large scale, as production costs remain a few steps behind traditional farming.
Future Meats claims to be one of the major players in this sector, already producing 5,000 burgers a day at its facility in Israel.
His method involves extracting cells from living animals and using stainless steel fermenters to continuously remove waste products, while feeding the cells nutrients to proliferate into tissue and, in turn, edible cuts of meat. .
The company claims this process yields 10 times the industry standard yield, while generating 80% fewer greenhouse gas emissions, and using 99% less land and 96% less water. sweeter than traditional meat production.
In February, Future Meats announced that its technology had advanced to the point where it could produce a farm-raised chicken breast for $7.50, and in June it opened the world’s first lab-grown meat factory in the Israeli city of Rehovot, where was able to produce these breasts for $3.90 each.
After using the facility to expand its media rejuvenation technology, the company claims to have reduced this cost to $1.70, while the production cost of each pound (453 g) of cultured chicken is $7.70, compared to to just under $18 six months ago.
Future Meats appears to be making rapid progress, but as a guide, the median price of a pound of chicken in a US city is about $3.60, according to the US Bureau of Labor Statistics. Therefore, taking into account the other costs associated with marketing, Future Meats has to continue working to make up the difference.
This unique technology has reduced production costs faster than anyone thought possible, paving the way for a massive expansion of these types of products.
Future Meats will break ground on the first large-scale production facility of its kind in the United States in 2022.
Via www.prnewswire.com
More information: www.future-meat.com
