This Deep Tech Firm Is Positioned To Lead The Cultivated Meat Manufacturing Revolution

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Steakholder Foods Ltd. At the forefront of the global beef industry, Nasdaq-listed deep technology company ( STKH ) continues to move toward its goal of dominating this multi-billion dollar industry. On December 16, the company announced that it will focus on commercializing its 3D bioprinter in 2023 to accelerate its go-to-market strategy. At a time when many of its peers' meat technologies are in the developmental stages, Steakholder Foods is emerging as an industry leader as the company moves into the long-awaited commercialization phase of its business. It seems reasonable to conclude that Steakholder Foods has set itself apart from the competition with this new development.

Interest in the company's 3D bioprinter increased in the second half of this year as Steakholder Foods attended global trade shows and conferences to demonstrate its prototype. To turn this growing interest into sustainable revenue, the company is accelerating its go-to-market plan, which was initially not planned for 2023. So Steakholder Foods is currently ahead of schedule.

From a macroeconomic perspective, Steakholder Foods could not have come at a better time to commercialize its proprietary technology. Policymakers around the world are aggressively adopting sustainable economic policies and promoting products that are less harmful to the environment, and Steakholder Foods is well positioned to be at the forefront of transforming the global food industry. Decades ago, factory farming was considered a revolutionary development, as the aggressive production of hitherto impossible cheap food promised to feed the world at lower prices and thereby solve the global food crisis. Factory farming has so far failed to achieve this goal and has also caused more environmental damage than any other business sector. According to S&P Global, industrial agriculture costs the environment more than $3 trillion annually, and this huge impact has forced policymakers to rethink their approach to traditional food production technology. According to the Good Food Institute, beef mincing technology has advanced in recent years to the point where beef rub technology can replicate the taste, texture, aroma and nutritional content of meat. With this breakthrough data, McKinsey predicts that the global cultured meat market could be valued at $25 billion by 2030. Steakholder Foods will be able to benefit from Maximize by deciding to focus on commercializing its technology next year. expected growth as the industry's leading meat producers focus on changing their product lines to adapt to this new reality.

Supported by favorable macroeconomic developments, Steakholder Foods plans to partner and collaborate with meat producers to transform the global food industry. The company continues to invest in advanced materials engineering and advanced differentiation capabilities to counter the competitive threat in this niche market, which seems to be the right approach to establish itself as the undisputed industry leader. After 18 patent applications, the company has already received 3 patents to support its technology, which bodes well for long-term oriented investors. Steakholder Foods has come a long way in just 3 years since its founding in Israel, developing the first 3D printed portion of 100% raised beef, Omakase Beef Morsels, last September. This is proof that Steakholder Foods has become a leader in implementing real-world meat production technology.

With plant-based and acellular meat products expected to take market share from conventional meat in the coming years, Steakholder Foods is well positioned for growth. With its decision to focus on commercializing its technology from 2023, the company is moving in the right direction to capture a significant portion of this growing multi-billion dollar market.

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