SINGAPORE: San Francisco-based Eat Just said Singapore will be its Asia headquarters and potentially its global manufacturing hub, the meat and egg substitute maker’s chief executive and co-founder Josh Tetrick said on Monday .
A 2019 report by Barclays predicted that the global alternative meat market, currently valued at US$14 billion - or 1 per cent of the US$1.4 trillion meat industry - could be worth 10 times more at about US$140 billion by 2029. Josh Tetrick, the co-founder and chief executive of Eat Just, sitting on bags of its mung bean protein at the company's plant in Appleton, Minnesota, December 2019.
The startup also plans to produce other forms of its current lab-grown chicken - for example, as a piece of breast - by early next year, subject to approval from Singapore regulators.