• Future Meat Technologies, an Israel-based cultured meat startup, has announced partnering with Charoen Pokphand Foods Public Company Ltd. (CPF), the largest feed producer and a leading producer of poultry and pork, to develop hybrid cultivated meat products for the Asian market. 

• According to the partnership, the cultivated meat products will be produced at Future Meat manufacturing facilities and will be marketed by CPF, which will leverage its expertise and extensive distribution network in the Asian market. 

<ul><li> Analyst QuickTake: Future Meat’s hybrid cultivated meat products provide the company an edge to achieve price parity with conventional meat. The startup has already surpassed its price projections by reducing costs to USD 7.7 per lb of cell-cultured chicken in December 2021 from USD 34 per lb in February 2021. The company is well positioned to commercialize its products and expand geographically once regulatory approval is received for the sale of cell-cultured meat. Future Meat opened its industrial cell-cultured meat facility in June last year and has the capacity of producing 500 kg of cultured meat per day. It currently produces cultured chicken, pork, and lamb. Additionally, Future Meat secured USD 347 million in Series B funding last December , the largest investment in cultured meat to date.</ul>