In Singapore's Cultivated Meat Sector, Mergers, Closures, and Diversification are Dominant Trends.

Quick Summary:

SINGAPORE piqued interest when it was the first country in the world to approve the sale of cultivated chicken in 2020, attracting both local and global players to set up their operations here.

Umami’s Pershad noted: “In 2022, there were around 150 cultivated meat companies worldwide before the market turned.

Firms cultivating meat like chicken and pork can rely on mammalian stem cells, which are already readily available as they are used in the biomedical sector, said ImpacFat chief executive and co-founder Mandy Hon, whose company cultivates fish fat to improve the taste and texture of lab-grown fish.

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Category: StartupsBusiness

Markets: SingaporeAustraliaHong KongIsraelJapanMalaysiaMaliNetherlandsNew ZealandUnited States

Topics: Company Cultivated Fish Food Scale Meat Cells Tech Market Companies Products

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-29 @ 08:00:10 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businesstimes.com.sg

Language: English

Article Length: 1533 words

Reading Time: 9 minutes read

Sentences: 60 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BT Garage

News ID: 20814276

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About BT Garage

Main Topics: StartupsBusiness

Official Website: businesstimes.com.sg

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Year Established: 1976

Headquarters: Singapore

News Last Updated: 22 hours ago

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Publisher ID: #55

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