CNBC’s Amelia Lucas writing about Future Foods and their latest on in vitro meat, this part caught my eye:
Future Meat has managed to reduce production costs to $150 per pound of chicken and $200 per pound for beef.
I’m impressed they’ve been able to cut the cost that low. I feel like just a year or two ago it cost tens of thousands of dollars to make a pound. My brain remembers some of the burgers they had on the morning shows costing around $100,000 each.
By 2022, Future Meat plans to launch a second line of entirely lab-grown meat that will cost less than $10 per pound.
If they can pull this off, Willy Wonka would be envious. Imagine starting from scratch, and taking the cost of a product from over $100k to $10 in under 10 years. It’s incredible.