Consumer Staples: Could Covid-19 Accelerate the Lab-Based Meat Industry?

Consumer Staples

Could Covid-19 Accelerate the Lab-Based Meat Industry?

Published April 6, 2020

KEY TAKEAWAYS

Lab-based meat is on the verge of making its way to the consumer, we think, as Memphis Meats closed the largest round of funding in the history of the lab-based meat industry at $161M in January 2020.
Most infectious disease outbreaks are transmitted from animals to humans. Since lab-based meat is produced in a clean and controlled environment, we think the progression of the lab-based meat industry could be accelerated as more zoonotic outbreaks occur.
We don’t think lab-based or plant-based meat will replace “traditional” meat. Instead, we believe all production methods are needed to satisfy global meat demand 30+ years from today, which is expected to nearly double.

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