" ITREALMS: CWF predicts lab-grown meat players to enter US market - ITREALMS

Monday, January 23, 2023

CWF predicts lab-grown meat players to enter US market - ITREALMS

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The Compassion in World Farming has identified the top three developments in cultivated meat to watch out for in 2023, just as more commercial players are expected to enter the United States market, reports ITREALMS.
Compassion in World Farming
Speaking on the forthcoming Extinction or Regeneration conference, taking place on May 11 and 12, CWF noted, it will bring together experts and stakeholders from around the world to share solutions, including the potential of alternative proteins, in support of food system transformation.

It also identified top three developments anticipated for 2023 to include hybrid proteins, more commercial players to enter US market and some 100 businesses globally to key into cultivated meat.

According to Andrea Perez Valdez, Global Manager of Food Systems Advocacy (Alternative Proteins) at Compassion in World Farming the anticipated hybrid proteins would include blends of cultivated meat and plant-based protein that are set for significant investment, with a new innovation centre due to open in Singapore in 2023.

Stressing that more commercial players will enter US market following UPSIDE Foods becoming the first cultivated meat company to successfully complete the U.S. Food & Drug Administration (FDA)’s pre-market consultation in November 2022.

In addition, CWF projected that estimated 100 businesses globally are working on cultivated meat – 30 in Europe, a market ripe for expansion, with four of the top ten countries investing in cultivated meat in this region5

Andrea Perez Valdez, Global Manager of Food Systems Advocacy (Alternative Proteins) at Compassion in World Farming said: “We have seen from the example set in Singapore that cultivated meat could now play an important role as an alternative to traditional meat in the long term. The coming year could see some significant developments in this market. For cultivated meat to realise its potential, united efforts on regulation and legislation as well as public funding for research and development are needed. Actions that can enable a shift to truly sustainable and compassionate food systems are important if we are serious about reaching the global and biodiversity targets.”

Isha Datar, Executive Director of cellular agriculture research institute, New Harvest, who will be speaking at the Extinction and Regeneration conference on her experience building the field of cellular agriculture, said: “Having been dedicated to growing food from cells for over ten years, it is heartening to see major progress for cell cultured meat, milk, and eggs worldwide - the establishment of research institutes, products on store shelves, and active regulatory processes. This year, 2023 could well be a tipping point to accelerate the much-needed move to bring cellular agriculture into the mainstream - for the sake of the climate and food security for future generations. To make this happen, it is vital that those working towards this important goal come together to exchange ideas and expertise, and the Extinction or Regeneration conference is an exciting opportunity to do this.”

The hybrid Extinction or Regeneration conference is organised by Compassion in World Farming and a number of other partners. Held at the QEII Conference Centre in London and online in May 2023, the event will offer individuals, organisations, companies and other experts the opportunity to present solutions across environmental, public health, food business, food policy, conservation, finance and animal welfare concerns.

The conference has attracted world-renowned speakers including author and ecologist Carl Safina; bestselling author and filmmaker Professor Raj Patel; social activist Dr Vandana Shiva; Director, Centre for Food Policy, University of London Dr Corinna Hawkes; and Director of New Harvest, Isha Datar.

Remmy Nweke/DoP

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