The world’s largest food company to launch cultured meats
Live MintNestle SA is planning to enter the cultured-meat market in a move that could see the world’s largest food company help deliver the nascent technology faster to the mass market. Nestle confirmed in a statement Tuesday that it’s working with the company as it evaluates “innovative technologies to produce cultured meat or cultured-meat ingredients with several external partners and startups.” The timing of a potential market entry would also be determined by regulatory approvals, the people said. Future Meat Technologies is set to bring its cell-based technology, while Nestle has experience developing plant-based products under its Garden Gourmet brand. The hybrid product, which blends meat cells developed in bioreactors with plant ingredients, could be a gateway for Nestle to tap the cultured meat market faster.