The GLP is committed to full transparency. Download and review our Annual Report.

$5 lab-grown burger could be ready by 2021

| | September 28, 2018

Back in 2013, the emerging biotech field of lab-grown meat products held a tasting of a lab-grown burger which cost a staggering $330,000 dollars. The lab-grown burger was made out of genuine animal cells, yet it didn’t come directly from an animal, being cultured and grown in a lab.

While many people were skeptical that industries pursuing the development of cell-cultured meat would create an affordable product anytime soon, researchers and biotech companies say that they are approaching an affordable product.

Currently, a pound of lab-grown meat produced by the company Memphis Meats costs approximately 2400 dollars to make, and while this still seems expensive it’s a massive reduction from the over $300,000 that the meat cost only five years ago. Memphis Meats is hoping to have the cost of a lab-grown burger down to around $5 within a few years. Meanwhile, a startup called Future Meat Technologies, based in Israel currently produces around a pound of meat for approximately $360 and believes that they can reduce the cost down to somewhere between $2.30 to $4.50 by the end of the decade.

Related article:  5 ways the USDA could resolve challenges surrounding 'bioengineered' food labels

Lab-grown meat becoming affordable is a long-anticipated event by environmentalists and animal rights activists, as well as consumers looking for healthier/guilt-free options. Proponents of cultured meat argue that it mainly avoids the ethical and environmental impacts of regular meat ….

Read full, original article: Lab Grown Meat May Soon Be Available To General Public

The GLP aggregated and excerpted this article to reflect the diversity of news, opinion, and analysis. Click the link above to read the full, original article.
News on human & agricultural genetics and biotechnology delivered to your inbox.
Optional. Mail on special occasions.

Send this to a friend