Funding in the lab meats sector fell by 78% in 2023 to reach $177 million, a stark decline from the $807 million in 2022.
Proponents of alternative proteins have complained that the USDA has only put $124 million toward subsidizing them, while $59 billion has gone to livestock operators.
Mosa Meat's Robert Jones warned that there's a valley of death we're not going to cross without a massive infusion of public investment.
Food consultant Julian Mellentin stated lab-grown meat will go down as one of the biggest failures in food history.
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