Algenex, an alternative protein producer, is entering the cultivated meat market with its patented CrisBio® production platform. This technology can deliver essential pieces of the growth media needed to produce cultivated meat and offer them at a lower cost and with the potential for greater scalability. Growth media currently makes up 60-80% of the cost of cultivated meat and is one of the major bottlenecks for the industry. Algenex plans to significantly increase its production over the next two years and build an additional production facility in order to support the industry's need for these essential ingredients at affordable prices.
Image Credit: Algenex