The impossible burger at your favorite restaurant isn’t going away any time soon.
A new report published by the United Kingdom intellectual property specialists GovGrant says that by 2040, 50% of all our meat will be” vegan or lab-grown.”
Alec Griffiths, the IP manager at GovGrant, said in a press release, “With the FDA rubber-stamping lab-grown meat as safe, the market should really take off now.
“That makes it more important than ever for companies to protect their assets, so we can expect to see an acceleration in the number of patents filed in the coming months and years – and plenty of new faces in the sector.”
The report notes notes that companies are expected to make continued progress and break down more barriers over the next several years, and by 2040, cultured meat will make up 35% of the world’s meat consumption, and vegan meat replacements will comprise one-quarter.
However, the report also believes traditional meat isn’t going anywhere, and GovGrant expects it will account for 40% of the world’s meat intake.
Follow KNX News 97.1 FM
Twitter | Facebook | Instagram | TikTok
Related
