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Report on artificial meat industry in 2020 From The Good Food Institute

The following is the Report on artificial meat industry in 2020 From The Good Food Institute recommended by recordtrend.com. And this article belongs to the classification: Investment & Economy, research report.

The good food Institute released the “report on the artificial meat industry in 2020”. 2020 is the first year of the artificial meat industry. The heads of government of Israel eat artificial meat and Singapore sells artificial meat for the first time.

At present, the business structure of the industry is composed of more than 70 start-ups, focusing on the development of artificial meat raw materials, services or final products. In addition, more than 40 life science based companies have publicly announced formal plans for business lines to meet the manufacturing and infrastructure needs of artificial meat start-ups. Leading companies in the industry are currently producing artificial meat on an experimental scale, which is a key early step in assessing the feasibility of industrial scale production.

In 2020, the investment in this emerging field exceeded US $350 million, almost twice the cumulative investment in this industry. In 2020, the industry ushered in the first round of B financing and the first round of substantive public sector R & D financing in the United States and the European Union. In the field of alternative protein, artificial meat accounts for 14% of the total annual investment of the private sector.

Artificial meat is increasingly recognized as a valuable research topic by the international scientific community. The public sector began to fund the artificial meat research center. These efforts have not only developed an artificial meat research atmosphere relying on academic ecosystem, but also stimulated a veritable wave. These will accelerate the commercialization of artificial meat.

The research shows that the fundamental technological breakthrough is not the necessary condition to finally realize the economically feasible large-scale artificial meat production, but it can reduce the cost and improve the output. Chemical, biological and mechanical engineering challenges remain in this process.

The development throughout 2020 shows that although the industry is in its early stage, it may be on a track. Only in this way can man-made meat realize its long-term commitment to provide real and delicious “meat”.

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