As the global population continues to grow, it is estimated to reach around 10 billion by 2050. The need for sustainable food systems has become more urgent. Cellular agriculture is emerging as one of the key technologies for decarbonizing protein production systems by directly producing products from cells, without the need to raise animals for slaughter or growing crops, says leading data and analytics company GlobalData.
According to Misa Singh, a business fundamentals analyst at GlobalData, cellular agriculture is an emerging solution for alternative proteins, and governments and companies are promoting investments in the field. Singh added that the Dutch government has announced a EUR60 million investment into the field, and the U.S. Food and Drug Administration has issued the first ‘No Questions' letter about the safety of UPSIDE Foods' cultivated chicken product.
GlobalData's Company Filings Analytics Database reveals that companies are investing in producing and commercializing cellular agricultural products and partnering to help accelerate the creation of affordable cultivated meat.
