JBS is Entering The Cultivated Protein Market With the Acquisition of Biotech Foods and the Construction of a Plant in Europe

December 1, 2021 JBS

JBS, the largest global protein company and the world’s second-largest food industry, has entered into an agreement to acquire control of Spanish company BioTech Foods. The deal signals the company’s entry into the cultivated protein market, which consists of producing food from animal cells and includes investment in building a new plant in Spain to scale up production. Along with the acquisition, JBS is also announcing the setting up of Brazil’s first cultivated protein research & development (R&D) center.

The $ 280K Lab-Grown Burger Could be a More Palatable $ 10 in Two Years

Lab-grown meat, first introduced to the world six years ago in the form of a $280,000 hamburger, could hit supermarket shelves at $10 a patty within two years, European start-ups told Reuters.