New 3D Printing Technology Will Power the Global Cultivated Meat Market
Steakholder Foods (NASDAQ: STKH) is developing industry leading capabilities that are positioned to serve as the backbone of the growing cultivated meat ecosystem.
To the casual onlooker, nothing separates the lab-grown meat that Steakholder Foods (NASDAQ: STKH) allows you to print from the conventional edible meat, until you dig a little deeper. While there are several companies in the meat industry betting on meat alternatives, Steakholder Foods offers the technology that will power the entire global cultivated meat market.
As Arik Kaufman, CEO of Israel-based Steakholder Foods puts it, "we are recreating Star Trek and that is amazing." The comparison is from the magical replicator in the popular science fiction TV series that could create meals on demand. However, Kaufman is not one to deal in mere fantasy. "What we are doing here is a scientific feat," he notes. The startup is scaling up a process to help companies print meat products. Also known as cultured meat, this is made from animal cells rather than slaughtered animals. Steakholder Foods is also currently in a collaboration to print fish products, starting with eel and grouper.
According to Steakholder Foods' website, the 3D printed meat that the company's proprietary technology helps to print is "made up of muscle and fat tissue grown from animal cells and being developed to be indistinguishable from farm-raised meat in taste, texture and smell". Steakholder Foods intends to lead the industry in terms of technological support while servicing the cultured meat sector — a sector McKinsey estimates will be worth $25 billion global business by 2030.
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