Report: Cultured meat has potential to decimate $945.7bn global beef industry
Investment platform currency.com has published a report from an investor’s perspective, saying that cultured meat is a significant market opportunity. The global cultured meat market is predicted to be worth $15.5m by 2021 and $20m by 2027.
Cultured meat has the potential, according to currency.com, to decimate the beef industry which globally is worth $945.7bn – the farming industry is fighting back on two fronts. First, it is calling into question the quality and safety of cultured meat. And secondly, it is attempting to ensure that the new product is not labelled as meat.