Will cultured meat soon be a common sight in supermarkets across the globe?
Cell-based meat (also known as cultured, cultivated, slaughter-free, cell-cultured, and clean meat) could be a common sight in supermarkets across the west in the next three years, according to the Institute of the Future in Palo Alto. California-based Memphis Meats made headlines for its world-first cell-based meatballs four years ago, and is currently building a pilot plant to produce its cultured beef, chicken, and duck on a bigger scale – with plans to launch more plants around the world.
But innovation isn’t limited to the US – it’s happening across the world. The global cell-based meat market is predicted to be worth $15.5m by 2021 and $20m by 2027, according to analysis. One report estimates that 35% of all meat will be cultured by 2040.