this post was submitted on 12 Nov 2023
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This seems like it'd be pretty focused on the high-end market. Last I looked, lab-grown meat cost more than traditional, and most people already aren't feeding their dog steak.
They say that they think they can compete with the high end of the market on price if they can scale up from where they are now.
This might change with mass production
For the moment, that is the important bit. All the tooling is expensive medical stuff right now (they're even owned by a medical company) and afaik there's also the question of how to produce a cheap, sustainable nutrient solution. Let's see whether this takes off now or whether we're a couple decades early.
The medical stuff will get cheaper for sure if it doesn't need all the expensive certifications, supply chain surveillance etc
The issue is a bit different than you seem to think (and tbh, different than I accidentally wrote earlier). Lab-grown meat needs to grow in the absence of bacteria and other foreign cells which grow a lot faster than meat cells. Hence, the issue is not capex for the tooling alone, but how to scale up sterile processes in huge vessels.
which kinda brings up the next point, does this type of meat have the same nutrition properties? There aren't any studies on that yet afaik
If they use similar input to regular feed, they should have similar output. Except it's just the meat and no bones, brains, or other animal parts that modern humans find largely inedible. However, most companies started out by using animal products as the nutrient solution (e.g. some kind of fetal serum for beef products) which meant killing animals nonetheless. Multiple companies say they have solved the issue but at the same time go around saying "proprietary! proprietary!", so we don't really know whether it's just smoke and mirrors for their investors.