The cultivated meat industry is struggling to find its footing under intense government regulations and bans throughout the US and Europe.
For years, the cultivated meat industry has struggled to emerge as a practical alternative to the brutal factory farming sector. The key reason? Perhaps not that lab grown meat isn’t a viable product, but that intense regulations have strangled it in the cradle.
A new analysis by the food industry publication Just Food found that the majority of cultivated meat companies — those working to bring cell-cultured meat to market — have struggled thanks to a lack of regulatory approvals from government food agencies. Despite a ton of early investor interest in these kinds of companies and an increasingly competitive price point, many are being forced to shutter operations before they can get a product to shelves.
“While it’s disappointing to see company closures, as with any highly innovative sector, not all companies will make it through the tough early stages,” Carlotte Lucas, industry head at Good Food Institute Europe told Just Food.
