In the meantime, to control the country’s growing appetite for meat, China announced a $300 million deal to import lab-grown protein from SuperMeat, Future Meat Technologies and Meat the Future.
A shift to greener living is beginning to take root as consumers become more aware of climate change stemming from what they eat. As seen from the number of companies receiving funding in this space, a deep desire to prevent environmental degradation will likely help drive the lab-to-table movement in the near future. Odontella which produces algae-based salmon is one of the latest to come onto the scene. Recent venture investments have also gone into Sunfed Meats making “chicken-free chicken from pea protein, and Ocean Hugger Foods, developer of imitation tuna using tomato subsitute.
Even traditional food giants like Nestle acquired vegetarian food producer Sweet Earth, while Cargill gave a capital injection to Memphis Meats, which grows sustainable cultured meat without the animal. In an interview with Fox News, Tyson Foods CEO Tom Hayes expressed his confidence in the sea change, “plant-based protein is growing almost, at this point, a little faster than animal-based, so I think the migration may continue in that direction.”