Lab-grown meat firms attract sixfold increase in investment

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The nascent industry growing real meat in bioreactors had a record-breaking year in 2020, with investment growing sixfold and dozens of new companies being founded. A study also indicates that 80% of people in the UK and US are open to eating meat produced in a factory rather than a field, with the researchers concluding that cultivated meat is likely to be widely accepted by the general public. Cultivated meat can produce significantly lower climate-heating emissions than meat from methane-burping cattle and other livestock, and also requires much less land and water. Cutting today’s overconsumption of conventional meat in rich countries is seen as vital in tackling the climate crisis . The companies are developing commonly eaten meat, such as chicken and beef, but also tuna, lobster, horse and kangaroo. The products are produced in sterile facilities without antibiotics, thereby reducing the risk posed to human health by antibiotic resistance. The Good Food Institute (GFI), a charity focused on sustainable proteins, found in its annual industry report that cultivated meat companies received more than €300m in investment in 2020, and the number of companies grew by 43% to 76. It said several companies were moving out of the lab […]

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