Netherland-based cultivated-meat firm, Meatable has admitted that it will not be making profit from the sale of its initial products in the market.
Daan Luining, Co-Founder and CTO of Meatable said, “We won’t be making a profit from the initial batches which we plan to sell to the Singapore and US markets.”
Established in 2018, Meatable produces cultivated pork sausages and dumplings, and claims to have the fastest production process that can move from cell to cultivated sausage in just 8 days.
Meatable aims to partner with Singapore-based manufacturer Esco Aster to sell its initial products in Singapore restaurants next year. Singapore is going to be a trial market for Meatable to experiment before its venture into the bigger US market.
One major obstacle to Meatable success will be cost as the production process is extremely expensive using growth medium that is meant for pharmaceutical and biotechnology companies. Another obstacle is the supply chain which is yet to accept and facilitate the distribution of cultivated meat.
