Lab-grown meat may soon rival conventional flavors, and prices. With investment surging to $1.4 billion, it's a transformative dietary prospect.
Lab-grown meat could see a significant decrease in price if it continues its current trajectory, potentially matching conventional meat costs by 2030.Cultivated meat, also known as lab-grown meat, is produced when animal cells are replicated using a bioreactor. The technique could reduce the reliance on farmlands. Livestock farming uses more than a quarter of the planet's ice-free land and contributes to about 15% of global greenhouse gas emissions, according to a McKinsey & Co. report.
For perspective, plant-based meat has already seen price reductions, with Impossible Foods dropping its price by 20 percent in early 2021 and Beyond Meat aiming to undercut animal protein by 2024. In some stores, Beyond Meat costs only slightly more than traditional beef.Cultivated meat promises not only to match conventional meat in flavor but perhaps even surpass it.
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