Lab-Grown Shrimp’s Price Tag Shows Long Way Ahead to Mass Market

For a sense of how far cultivated meat is from reaching supermarket shelves and dinner tables, just take a look at the cost.

Singapore-based Shiok Meats Pte plans to launch its flagship cell-based shrimp in 18 months at about S$50 ($37) a kilogram, Chief Executive Officer Sandhya Sriram said in an interview. That’s roughly double the price of real prawns.

Finessing the technology and getting the cost to an affordable level is one of the biggest hurdles in turning cell-based meat into a mass consumer product. Nevertheless, a number of startups including Shiok Meats and California-based Eat Just Inc. are trying to get their products on the market soon, as consumers increasingly seek out alternative meats due in part to health and environmental concerns.

To read the rest of the story, please go to: Bloomberg