The cultured meat industry is predicted to grow to over $370 billion in the next 10 years, attracting the attention of global food companies. Sallea, a Swiss start-up, has recently completed a $2.6 million funding round to capitalize on this growing market.
Cultured meat, grown in a laboratory, is still in its early stages with only a few countries allowing its sale. However, many companies are seeking regulatory approval to introduce their products to consumers, targeting both human and pet food markets. Advocates for cultured meat highlight its environmental benefits, such as requiring less land, water, and producing fewer emissions compared to traditional livestock farming.
Sallea, founded by Dr. Nicole Kleger, Anna Bünter, and Simona Fehlman, aims to revolutionize the cultured meat industry with their innovative technology. They have developed plant-based scaffolds that will serve as the foundation for textured steaks and fillets, allowing producers to customize the size, shape, and nutritional content of their products. This technology is expected to drive the growth of the sector and enable cultured meat producers to compete with plant-based alternatives.
According to a study by Grandview Research, the cultured meat industry is projected to grow rapidly, reaching a value of over $370 billion by 2030. Sallea is already collaborating with food producers to develop testing projects, with expectations that their technology will be available in supermarkets within the next four to five years, pending regulatory approvals.
The recent funding round for Sallea, led by Founderful and Kost Capital, demonstrates investors’ confidence in the potential of the cultured meat industry. The company plans to use the funds to scale up their operations and further develop their product. Industry experts and food producers are optimistic about Sallea’s technology, seeing it as a step towards a sustainable and cruelty-free future.
Overall, Sallea’s innovative approach to cultured meat production has the potential to transform the industry and provide consumers with a wider range of sustainable protein options. As the company continues to grow and expand its reach, it is poised to lead the way in the next evolutionary leap for the cultured meat industry.
