Future Meat Technologies Reduces Cost of Cultured Chicken Breast Below $10
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REHOVOT, Israel, Feb. 1, 2021 /PRNewswire/ Future Meat Technologies, an Israel-based company developing innovative technology to produce cultured meat, beat market expectations by reducing the production cost of a cultured chicken breast to $7.50. The company has also raised an additional $26.75 million in funding through its strategic partners, enabling it to scale up its production and accelerate research and development.
(PRNewsfoto/Future Meat Technologies)
Future Meat Technologies cultured chicken has a single-digit production cost for a quarter pound serving, providing the same texture and distinct aroma of farm-raised chicken meat through a unique blend of cultured chicken and plant proteins. The company plans to market its products to consumers and restaurants within 18 months.