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The Hustle Daily Show
The $11m state of fake meats
Jun 18, 2024
Lab-grown meat bans in multiple states, but plant-based companies like Tender secure $11m funding. Future of lab-grown and plant-based food profitability in the US questioned. Tesla's mezcal sells out, McDonald's ditches AI drive-thru. Episode explores fake influencers, lab-grown meat challenges, and the rise of fake meat companies.
14:27
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Quick takeaways
- Lab-grown meat faces bans in some US states, while plant-based startups like Tender secure large funding.
- The fake meat industry struggles with market challenges despite addressing environmental concerns and increasing global protein demand.
Deep dives
Florida Bans Lab-Grown Meat, Impact on Fake Meat Industry
Florida recently passed a law banning the production and sale of fake meat, impacting the lab-grown meat industry. This decision aimed to protect the traditional meat industry, expressing concerns about fake meat's healthiness. Despite this, companies like Impossible and Beyond Meat have witnessed a decline in sales, even before the bans. The market for fake meat faces challenges like price competitiveness and shifting consumer preferences.
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Discover
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