Dutch food company, Meatable, is aiming to deliver affordable cultured meat at scale that looks like, tastes like, and has the nutritional profile of traditional meat. Now the company has entered into a Joint Development Agreement with health, nutrition & bioscience specialists Royal DSM.
Together the companies will develop affordable growth media for cultured meat. DSM Venturing, the venture capital arm of Royal DSM, was a participant in the consortium of funders of Meatable’s recent raise of $47 million in venture capital.
Growth media is currently estimated to account for 50-90% of the production cost of cultured meat. If pivotal technological and cost breakthroughs are achieved, cultured meat could be one solution that helps support diversified, sustainable, and healthy diets for a growing world population – and will have a trillion-dollar market potential.
The companies believe a collaborative approach will result in patentable findings that will address the core challenge of making cultivated meat affordable and accessible on a large scale, and they will work closely together to scale up the entire process.
“Protein is an essential part of a balanced diet and vital for good health. Yet its production has a big environmental footprint. With the world population expected to grow to 10 billion people by 2050, a wide variety of solutions for more sustainable proteins will be needed” says Wim Klop, Vice President DSM Biotechnology Center. “Cultivated meat is one of those promising, innovative protein solutions in which DSM invests. Our commitment goes way beyond investing in Meatable through DSM Venturing. With this joint development agreement DSM will contribute its unique competencies in biotechnology, such as fermentation, analysis and production scale-up to help make the science of cultivated meat a reality.”
In addition to focusing on the cost-effective production of growth media, DSM and Meatable will focus on the development of meat-like taste and texture of the final product, which are important factors influencing the purchase decision of consumers.
Krijn de Nood, CEO and co-founder of Meatable says that traditional farming will not be able to meet growing worldwide demand in future. “Cultivated meat has the potential to provide the growing world population with the protein source many people love – meat – using an efficient and sustainable production process that respects animal health and welfare,” he says “Joining forces with DSM, a global leader in biotechnology, will accelerate our research and development trajectory significantly. Together, we aim to develop the right nutritional ingredients in a fundamentally more cost effective and scalable process, to become the leading consumer choice for cultivated meat.”
Meatable aims to produce cultivated meat for which animal health and welfare are respected, fewer GHG emissions are released, and significantly less land and water are required. Cultivated meat replicates the natural process of fat and muscle growth, in proportions that emulate traditional cuts of meat. Meatable says that the end-product will provide the full experience of eating actual meat, with the same texture, taste, and nutritional benefits, without harm to animals or the planet.