STUDY: Cultured meat sector on brink of major consumer success
The study suggests that by 2035 cultured meat – which requires no land, pesticides, animal feed or abattoirs – will make up almost a quarter of global meat consumption.
MIKE SCIALOM: With cultured meat being declared safe to eat by the US government, the starting pistol has been fired for the lab-grown meat market. The stage is now set for a rapid expansion of the production of meat using animal cells grown in the laboratory, with the European market expected to be worth $818million by 2026 – admittedly far behind China and North America, with $14.8billion and $4.4billion in expected market size by 2026 respectively…
Produced by IP specialist GovGrant, the study suggests that by 2035 cultured meat – which requires no land, pesticides, animal feed or abattoirs – will make up almost a quarter of global meat consumption, with the UK already ahead of many in the race. Alec Griffiths, IP manager at GovGrant, says: “With the FDA rubber-stamping lab-grown meat as safe, the market should really take off now”…
Clarisse Beurrier is co-founder of Animal Alternative Technologies, a Cambridge-based spin-out of the University of Cambridge based in the Department of Veterinary Medicine. “Consumers are looking for more sustainable protein,” says Clarisse, “and the UK’s National Food Strategy recommends that meat consumption is cut by 30 per cent within a decade to help address the impact of the animal agriculture industry being the ‘biggest destroyer of nature’ and ‘a major source of climate warning’. The UK health professions have also called for a meat tax”.
Fellow co-founder Yash Mishra concurs. “There is a growing number of cultured meat companies in the UK,” he says, “and I’m aware of people who have moved from places like South America to start a cultured meat company in the UK because of the infrastructure and opportunities it presents… Yash concludes: “On the whole, it is a very exciting period for the cultured meat industry in the UK as the ecosystem is shaping up and many young companies like ours are growing and developing innovative technologies that can help shape the way we will feed the UK and the world”. SOURCE…
RELATED VIDEO: