Zacks Research Projects This Stock to Trade at Over 3X Its Current Price
Policymakers and environmental organizations are encouraging the development of sustainable protein sources and low-impact animal meat production methods. According to a recent study by Emergent Research, the global food technology market will be worth $342.5 billion by 2027.
In this emerging market, cultured meat, also known as cultivated meat or cell-based meat, is gaining traction. A number of startups have invested in creating technologies to produce alternative meat sources in order to reduce the environmental problems associated with animal farming, simplify the supply chain, and create more healthy, hygienic, and safer food choices.