Future Meat announced in a recent statement that it has reduced the cost of 100 grams of lab-grown chicken breast to just under $ 3.
Rom Kshuk, chief executive, said he expects the cost of cultured meat to drop further over the next 12-18 months. It will amount to less than € 1,50 per 100 grams. And the race continues.
Future Meat predicts that cultured chicken meat should reach the same price as farmed chicken in about 8 years.
Lab-grown meat, the great avalanche
The Israeli start-up says his lab-grown chicken has made a huge leap in commercial profitability. According to the reports, the production costs of the meat grown by Future Meat have been almost halved in the space of a few months.
The collapse of the price (in fact this is what it is) is superior to even the rosiest growth scenarios envisaged by the company.
In January alone, Future Meat assumed a cost of around 6,4 euros per 100 grams for its cultured chicken meat.
Future Meat or others, the question is not "if", but "when". And it is a question of pure economic convenience.
It is clear that once the break-even figure is reached or further approached, it will be a "happy problem" for investors to deal with the next phase: how to invade the market with this product.
This is why such news sounds much more than good for investors who are betting on this field and are already rubbing their hands.
Only among those of the Israeli startup are "sharks" such as ADM, Tyson Foods and S2G.
Although meat from farmer-grown animal cells is currently only commercially available in Singapore, more than 50 cell-based start-ups around the world are competing to bring their product to market.