The island nation is the first to give the go-ahead to meat being grown in a lab. The key objective... Free newsletter Research increasingly shows that of all things you can do to eat healthier, start with the egg in your skillet. And it will also likely draw more competitors to the Southeast Asian country and could prompt other countries to follow Singapore's lead. Still, the company is far away from bringing its chicken to every household in Singapore. The Singapore Food Agency (SFA) approved Eat Just’s cultured chicken meat for sale in the Southeast Asian city-state after a “rigorous consultation and review process,” the US startup said in a statement. The firm has also formed strategic partnerships with well-established local manufacturers in Singapore to produce cultured chicken cells and formulate the finished product ahead of its historic sale to a restaurant and, ultimately, initial availability to consumers. Chicken bites made from Eat Just's cell-cultured chicken, Profits before IPO for plant-based egg producer Eat Just. The company included details on the purity, identity and stability of chicken cells during the manufacturing process, as well as a detailed description of the manufacturing process which demonstrated that harvested cultured chicken met quality controls and a rigorous food safety monitoring system. A Division of NBCUniversal. Eat Just has been granted the world’s first regulatory approval for cultured chicken - as an ingredient in chicken bites in Singapore. Tetrick compared the process to brewing beer, with a very different end product. Josh Tetrick featured in our recent Growth Asia interactive broadcast series. All Rights Reserved. Plant-based development, The regulatory approval involved an extensive safety review by the Singapore Food Agency (SFA). It follows a rigorous consultation and review process by the Singapore Food Agency (SFA). It is apparently the first time anywhere in the world that a commercial meat product made from cultured animal cells has been approved for human consumption, no slaughter required. The US-based startup, Eat Just, that came in the news for their eggless eggs and had the vegans hooked to it, will now be selling their lab-grown chicken to the citizens of Singapore. 21 on CNBC's Disruptor 50 list this year for its efforts to change the food and agriculture industries. In 2013, a hamburger from Dutch start-up Mosa Meat cost $280,000 per patty to make. dataLayerNews = {}; Analysis of Dietary Supplements and Health Foods, Reduce Sugar | Total Sweet Solutions from Sweegen, Deep-dive into improving packaging line efficiency, GELLANEER™ ELA – Gellan gum innovation that maximizes manufacturing and cost efficiency in gel-based applications, BL Agro optimise CAPEX & OPEX on their edible oil PET packaging lines, Sign up to our free newsletter and get the latest news sent direct to your inbox, Towards a new generation of Texturized Vegetable Proteins, Gain profits and sustainability in food production, Survey Report: State of the Food & Beverage Development Sector in Asia-Pacific 2017, News & Analysis on Food & Beverage Development & Technology – Asia Pacific. San Francisco-based food production company Eat Just will be building a plant-based egg protein production facility in Singapore. By 2050, the global food demand will increase by approximately 70%. Free newsletter "We're going to start out with a single restaurant and then scale out to five, 10, 15 and then eventually into retail," Tetrick said. Eat Just to Build $120M JUST Egg Facility in Singapore, Will Next Focus on Cultured Meat October 20, 2020 Eat Just has contacted vegconomist to say the company has signed a $100M+ agreement with a consortium led by Proterra Asia, to meet demand for its mung bean-based JUST Egg in Asia. “Working in partnership with the broader agriculture sector and forward-thinking policymakers, companies like ours can help meet the increased demand for animal protein as our population climbs to 9.7 billion by 2050,”​ said Josh Tetrick, co-founder and CEO of Eat Just. Planet Health. The product has a high protein content and a diversified amino acid composition, no antibiotics and very low microbiological content, such as salmonella and E. coli. It added that its team of scientists, product developers and regulatory experts have prepared extensive documentation on the characterization of its cultured chicken and the process to produce it. Eat Just said it will manufacture the product in Singapore, where it also plans to start making a mung bean-based egg substitute it has been selling commercially in the United States. Eat Just sells cultured chicken to Singapore's 1880. dataLayer.push(dataLayerNews); As Eat Just scales up, the company aims to keep reducing the price, which should also attract consumers and restaurants to try the product. The San Francisco-based start-up announced on that the product will launch in Singapore. In a press […] for (var i=0; i < aTags.length; i++) Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, © 2020 CNBC LLC. $(document).ready(function() { ​. }); The first-in-the-world regulatory allowance of real meat created directly from animal cells for human consumption paves the way for a forthcoming small-scale commercial launch in Singapore of Eat Just’s new GOOD Meat brand, details for which will be disclosed at a later date. Founded in 2011, Eat Just counts Singapore’s Temasek Holdings and Horizons Ventures, the private investment unit of Li Ka-shing, Hong … U.S. approval of cultured meat still seems very far away, giving start-ups such as Eat Just a chance to reduce the cost of production before introducing more consumers to the product. Egg-substitute maker Eat Just Inc. plans to build and operate its first plant protein facility in Singapore, with investment from a consortium led by Proterra Investment Partners Asia Pte. On Saturday, lab-grown chicken made by U.S. start-up Eat Just will make its historic debut at restaurant 1880 in Singapore, after the country's food … Eat Just is going through other regulatory processes to get its cultured meat approved elsewhere in the world, including the United States. if(i!=(aTags.length-1)) SINGAPORE: Consumers in Singapore can soon get a taste of lab-grown or cultured chicken after food technology start-up Eat Just received the go-ahead to sell the product here. var aTags = gptValue.split(','); } "A new space race for the future of food is underway," Good Food Institute Executive Director Bruce Friedrich said in a statement. Eat Just says this breakthrough builds on Singapore’s reputation as a world leader in business, technology and culinary innovation and underscores the country’s dedication to enterprising solutions that advance environmental stewardship. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 15 December 2020, 10:19 pm. We want to hear from you. Tetrick said that the product, which will be sold under its new Good Meat brand, will launch at a single restaurant in the country in the near future. Sign up to our free newsletter and get the latest news sent direct to your inbox. function sanitize_gpt_value2(gptValue) Eat Just will start offering lab-grown chicken meat in Singapore after gaining regulatory approval from the Singapore Food Agency (SFA). In addition, Eat Just’s cultured chicken was confirmed to be safe and nutritious for human consumption by a distinguished outside panel of international scientific authorities in Singapore and the United States, with expertise in medicine, toxicology, allergenicity, cell biology and food safety. Tetrick said that will include being transparent about how Eat Just makes cell-cultured meat and reminding consumers about the process of conventional meat production. Reuters. The cell-cultured chicken will eventually be produced under Eat Just’s new GOOD Meat brand through partnerships with local manufacturers and go on sale to restaurants before it is available to consumers. The cell-based chicken meat has been cleared for use as an ingredient in … Eat Just Inc., the privately-held San Francisco company known for plant-based alternatives to egg products, has gained regulatory approval in Singapore to produce and sell … Eat Just has been granted the world’s first regulatory approval for cultured chicken - as an ingredient in chicken bites in Singapore. On Wednesday, the city-state’s Food Agency gave Eat Just, a … vOut += aTags[i].trim().replace(reg, '-').substring(0,40); Eat Just has already partnered with local manufacturers in Singapore in preparation for the regulatory approval and eventual sale of its cultured chicken. Eat Just CEO Josh Tetrick on Singapore issuing his company the first regulatory approval for lab-grown meat. One of the first guests at Singapore’s 1880 to order GOOD Meat Cultured Chicken (Photo: Eat Just, Inc.) The restaurant debut of GOOD Meat Cultured Chicken – real, high-quality meat created directly from animal cells for human consumption – followed Singapore’s first-in-the-world regulatory approval for the product in November. 02-Dec-2020 at 02:06 GMT. Eat Just, for example, is using 1,000-liter bioreactors for its cell-cultured chicken, and Tetrick said the company plans to price it similar to that of premium chicken. Eat Just will start offering lab-grown chicken meat in Singapore after gaining regulatory approval from the Singapore Food Agency (SFA). The company has raised $300 million and was last valued at $1.2 billion. The company Eat Just has received the approval of the regulatory authority Singapore Food Agency (SFA) for its chicken nuggets produced under the Good Meat brand. According to Eat Just, this is the "world's first official approval of genuine, high-quality meat produced directly from animal cells for safe human consumption". (Bloomberg) — Eat Just Inc., a maker of meat and egg substitutes, was approved to sell its laboratory-created chicken in Singapore, which became the first government to allow the sale of cultured meat. SINGAPORE--(BUSINESS WIRE)--Dec 15, 2020--Eat Just, Inc., a company that applies cutting-edge science and technology to create healthier, more sustainable foods, today announced that on the heels of its historic regulatory approval for cultured chicken, it has made the first commercial sale of meat created directly from animal cells for human consumption to 1880, an establishment founded … dataLayerNews.related_tags = sanitize_gpt_value2("Clean meat, plant based"); Eat Just complied with SFA’s food safety requirements for the assessment of novel foods. With growing middle-classes correlated with meat consumption, sustainable alternative... 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