World sales of cultured meat can reach $ 140 billion over ten years and amount to 10% of the total meat market in the amount of $ 1.4 trillion, the investment bank Barclays has calculated. As expected, the share of products from cultured meat, which is now less than 1%, will grow, despite a steady increase in consumption of meat products.
While companies that are leaders in the food market, including Tyson, Nestle and Maple Foods, are only entering the cultured meat market, other corporations are already expanding their collaboration with technology start-ups that are making progress in cultured meat developing. Barclays cites the example of the American agricultural and food company Cargill, which in 2017 invested in startup Memphis Meats. This startup was at the origins of the cultured meat production.
Despite the fact that the popularity of cultured meat is growing due to concerns about preserving the environment, handling animals and health, the risks for this market segment still remain, the report says. Products from the cultured meat may not be as useful as their manufacturers claim, due to substances that are added to improve their taste.
Source: soyanews.info.
