"You need a 3D printer to mimic the structure of the muscle of
the animal," CEO Eshchar Ben-Shitrit told Reuters. The machines
to be launched next year will be able to print 20kg an hour and
eventually hundreds, at a lower cost than real meat.
Founded in 2018, the company raised $6 million last year in a
round led by CPT Capital, an investor in Beyond Meat and
Impossible Foods. Hanaco Venture Capital and German poultry
group PHW also invested.
"The market is definitely waiting for a breakthrough in terms of
improving the texture," said Stacy Pyett, who manages the
Proteins for Life programme at Wageningen University & Research
in the Netherlands. She said 3D printing is one technology
competing to improve alternative meat texture, but "having new
technologies ... doesn't necessarily solve the flavour and taste
problem".
Alternative meat sales could reach $140 billion by 2029, about
10% of the world meat market, according to Barclays. Spanish
competitor Novameat is also working on 3D-printed plant meat,
including a whole-muscle pork cut developed during the
coronavirus crisis which disrupted pork supply.
"Our technology will be available in selected top restaurants in
Europe this year, before we focus on scaling it up during 2021,"
CEO Giuseppe Scionti said.
(Reporting by Silke Koltrowitz and Tova Cohen, editing by Ed
Osmond)
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