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Cell Cultured Meat

Making meat sustainable over the long term.

Overview

Cell-based meat: a sustainable alternative to slaughtered meat

Cell-cultured meat refers to meat grown in labs, using cells from live animals. Having emerged from cell-culture applications such as antibody protein therapeutics, cell-based therapies, and regenerative medicine, cell-cultured meat technology promises sustainable and humane alternatives to slaughtered meat.

The industry still faces multiple challenges on the regulatory front and with regard to scalability of industrial production due to high costs which have delayed mass commercialization. Despite these challenges, the first cell-cultured meat products are beginning to enter the market with Eat Just’s “chicken bites” being approved for sale in Singapore in December 2020.

More recently, the meat shortage in the US led by the closure of meat processing plants during the Covid-19 pandemic has drawn attention to cell-cultured meat production, a more sustainable method of sourcing meat proteins with a minimum impact on the environment. Further, the spread of zoonotic diseases such as salmonella and e. coli in the US and the recent Swine Flu outbreaks in China will likely fuel demand for animal-free agriculture.

What's driving this industry?
Market Sizing

US cell-cultured meat addressable market to range between USD 77-211 billion

View details

COVID-19 IMPACT

  • Cell-cultured meat has a more secure, efficient, and resilient production system compared to traditional meat production in the US  that also gives more control over end products and waste.

  • In the week of April 13-19 2020, daily cattle slaughter fell by nearly 24% year-over-year (YoY) and pig slaughter by 13% YoY.

Market Mapping

Most of the startups in the cell-cultured space are manufacturers of finished imitation beef and pork products with a smaller group focusing on the production of specialty items such as wagyu beef, bluefin tuna meat, and foie gras. A limited number of traditional meat processing and convenience food manufacturing incumbents have begun investing in the cell-cultured meat space.

The industry’s supply chain is also gradually taking shape, and new startups and incumbents developing supply side expertise should retain a significant advantage as the industry progresses.

Incumbents
Growth
Early
Seed
Pre-Seed
Suppliers (R&D/ Bioreactor)
?
Suppliers (Culture Media/ Ingredients)
?
Manufacturer (Beef)
?
Manufacturer (Pork)
?
Manufacturer (Poultry)
?
Manufacturer (Seafood)
?
CellulaREvolution
CellulaREvolution
CellulaREvolution
CellulaREvolution
CellulaREvolution
CellulaREvolution
Matrix Meats
Cultural Biosciences
Future Meat Technologies
Aleph Farms
Mission Barns
CellulaREvolution
Innocent Meat
Luyef Biotechnologies
Cellular Agriculture
Cultured Blood
Cubiq Foods
BioTech Foods
Mission Barns
IntegriCulture Inc.
Roslin Technologies
MeaTech
Tiamat Sciences
Avant Meats
CellulaREvolution
ProFuse Technology
Gelatex Technologies
Hoxton Farms
Multus Media
biftek.co
Cell Farm
Cultured Blood
Tyson Foods
Cargill
Bell Food Group
Eat JUST
UPSIDE Foods
Mosa Meat
Shiok Meat
Future Meat Technologies
Meatable
Aleph Farms
Artemys Foods
MeaTech
Orbillion Bio
Ballectic Foods
Seawith
DaNAgreen
Mirai Foods
Hoxton Farms
Bene Meat Technologies
Lab Farm Foods
Mzansi Meat
Tyson Foods
Cargill
Shiok Meat
Joes Future Food
BioTech Foods
Meatable
New Age Meat
Ivy Farm Technologies
Vow Foods
Fork & Goode
Cell X
DaNAgreen
HigherSteaks
Tyson Foods
Eat JUST
UPSIDE Foods
Future Meat Technologies
IntegriCulture Inc.
MeaTech
SuperMeat
DaNAgreen
Gourmey
Nutreco
Nomad Foods
UPSIDE Foods
BlueNalu
Shiok Meat
Wild Type
Finless Foods
Cell X
Bluu Bioscience
Planetary Foods

The Disruptors

The main disruptors aren’t displacing incumbent pure-play cell-based meat producers so much as major traditional livestock and, to a lesser extent, plant-based meat producers active in this space. The top three startups in terms of funding–Eat Just, Memphis Meat, and Mosa Meat–have all unveiled a product and delivered technical proofs of concept sufficient to garner over USD 470 million in combined funding.

Eat Just leads the industry in funding with USD 220 million, followed by USD 181 million for Memphis Meat and USD 76 million for Mosa Meat. Eat Just has already seen commercial success with its plant-based egg substitute “JUST Egg” and developed market ready cell-cultured chicken nuggets in 2018, which fueled interest from investors. Startups have yet to master industrial-scale production and competitive pricing relative to slaughtered meat, thus far limiting paths to commercialization.

Suppliers (R&D/ Bioreactor)

?

Disruptors

?
Funding in USD Millions
Future Meat Technologies
388
Aleph Farms
131
Cultural Biosciences
101
Watchlist
?
Mission Barns
CellulaREvolution
Innocent Meat
Luyef Biotechnologies
Cellular Agriculture
Cultured Blood

Suppliers (Culture Media/ Ingredients)

?

Disruptors

?
Funding in USD Millions
MeaTech
Public - Market cap USD 82.0 mn
IntegriCulture Inc.
17
Cubiq Foods
16
BioTech Foods
6
Hoxton Farms
4
Watchlist
?
Mission Barns
Roslin Technologies
Tiamat Sciences
Avant Meats
Multus Media
CellulaREvolution
ProFuse Technology
Gelatex Technologies
biftek.co
Cell Farm
Cultured Blood

Manufacturer (Beef)

?

Disruptors

?
Funding in USD Millions
MeaTech
Public - Market cap USD 82.0 mn
Eat JUST
461
Future Meat Technologies
388
UPSIDE Foods
206
Meatable
173
Aleph Farms
131
Mosa Meat
96
Shiok Meat
20
Hoxton Farms
4
Mzansi Meat
Unknown
Watchlist
?
Artemys Foods
Orbillion Bio
Mirai Foods
Ballectic Foods
Seawith
Bene Meat Technologies
Lab Farm Foods
DaNAgreen

Manufacturer (Pork)

?

Disruptors

?
Funding in USD Millions
Meatable
173
Shiok Meat
20
Ivy Farm Technologies
20
Joes Future Food
14
BioTech Foods
6
Watchlist
?
New Age Meat
Vow Foods
HigherSteaks
DaNAgreen
Fork & Goode
Cell X

Manufacturer (Poultry)

?

Disruptors

?
Funding in USD Millions
MeaTech
Public - Market cap USD 82.0 mn
Eat JUST
461
Future Meat Technologies
388
UPSIDE Foods
206
IntegriCulture Inc.
17
Watchlist
?
Gourmey
SuperMeat
DaNAgreen

Manufacturer (Seafood)

?

Disruptors

?
Funding in USD Millions
UPSIDE Foods
206
BlueNalu
85
Shiok Meat
20
Wild Type
16
Watchlist
?
Bluu Bioscience
Finless Foods
Cell X
Planetary Foods

Future Meat Technologies

Based in Israel, Future Meat Technologies develops hardware and cell lines for the manufacturing of cell-cultured meat, with intentions of commercializing its manufacturing hardware and techniques.

Future Meat Technologies uses fibroblast cells that can be triggered with small molecules to develop either fat or muscle cells. Fat and muscle cells are cultured in a unique bioreactor that removes the waste material from the media, allowing Future Meat Technologies to recycle parts of the media with the aim of reducing feed media input by as much as 50%. The startup has replaced FBS with molecules derived from Chinese Hamster Ovaries (CHO), reducing production costs. The startup has managed to reduce production costs to USD 150 per pound for chicken and USD 200 per pound for beef. According to founder Yaakov Nahmias, a refrigerator-sized bioreactor has the capacity to produce approximately half a ton of muscle and fat every 14 days. In May 2021, the startup reduced the cost of cell-cultured chicken by 50%; USD 4 per quarter-pound serving from USD 7.50 to achieve price parity with animal counterparts in eight years. Future Meat Technologies intends to further slash down the cost to below USD 2 and launch its product in the US by 2022.

In June 2021, Future Meat Technologies opened what the company is calling the world's first “industrial” cell-cultured meat facility. The facility has a production capacity of 500 kg of cultured meat per day (equivalent to around 5,000 hamburgers); and currently produces cultured chicken, pork, and lamb, with beef production expected to begin soon. The startup is in the process of approving the facility with regulatory agencies and is also looking at several locations in the US for future expansion. Future Meat Technologies’ first product is expected in 2022 as a blend of 45-60% cell-cultured chicken and/or lamb and 40-55% plant-based meat. Besides US and Europe, Future Meat Technologies has plans to debut in Asia, with China and India as its primary markets. 

In its latest Series A funding round in February 2021, the company raised USD 26.8 million in convertible note funding from S2G Ventures, ADM Capital, Emerald Technology Ventures, Manta Ray Ventures, and Bits x Bites, among others. The proceeds are expected to be used to accelerate Future Meat’s cultivated meat production and expand its research and development activities and team. In December 2021, the Future Meat Technologies revealed it is in the process of raising USD 320 million in venture funding, valuing the company at USD 600 million pre-money.

Segment:
Suppliers (R&D/ Bioreactor)
Total funding:
USD 387.8 million
Competitors:
Innocent Meat, Cell Farm, Luyef Biotechnologies, Cellular Agriculture Ltd, CellulaREvolution
Disruptor Funding History

Suppliers (R&D/ Bioreactor):

Future Meat Technologies
Aleph Farms
Cultural Biosciences
Mission Barns
CellulaREvolution
Innocent Meat
Luyef Biotechnologies

Suppliers (Culture Media/ Ingredients):

MeaTech
IntegriCulture Inc.
Cubiq Foods
BioTech Foods
Hoxton Farms
Mission Barns
Roslin Technologies
Tiamat Sciences
Avant Meats
Multus Media
CellulaREvolution
ProFuse Technology
Gelatex Technologies
biftek.co
Cell Farm

Manufacturer (Beef):

The Incumbents

Investments and collaborations provide industry entry for leading meat producers

Cell-cultured meat production is a novel technology that only a few startups have achieved, and as such, incumbents in the industry have not yet demonstrated much expertise in the field. Hence, most incumbents have entered the space through strategic investments and partnerships. On the other hand, cell-cultured meat startups lack the expertise in the relevant supply chains, most notably in raw material sourcing, which has in turn driven the need for partnerships with incumbents.

Investment

Partnership

company-logo-0Tyson Foods
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company-logo-1Cargill
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company-logo-2Nutreco
check
check
company-logo-3Matrix Meats
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company-logo-4Bell Food Group
check
company-logo-5PHW Gruppe
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company-logo-6M Industry
check
company-logo-7Nomad Foods
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Tyson Foods

Tyson Foods is the market leader in US meat and poultry production with around 22% and 21% of each market, respectively. In 2016, the company launched Tyson Ventures LLC with an initial fund of USD 150 million. The fund’s mission of investing in sustainable food brands led to investments in cell-cultured meat startups Memphis Meats and Future Meat Technologies.

The venture fund also invested in Beyond Meat, but exited its 6.52% stake in April 2019—one month before its May 2019 IPO. In September 2019, Tyson Ventures invested in New Wave Foods, a startup developing plant-based shrimp. Tyson Ventures has also invested in Big Idea Ventures, a seed fund making investments in alternative protein startups.

Notable Investors

No investor data is available

Funding data are powered by Crunchbase
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