A new report by Lever VC challenges the skepticism surrounding the viability of cultivated meat, finding that recent developments have proven earlier cost analysis wrong. The report reveals that the cost of cell culture media has decreased significantly, with some companies achieving costs of under $10 per kilogram. Several cultivated meat companies have surpassed previous predictions on cell density, driving down production costs and setting new standards for cost-effectiveness in the industry.

Additionally, the report highlights strategies such as more efficient bioreactors, in-house cell culture media production, and the focus on producing undifferentiated cell mass to further decrease costs. The reduction in CapEx expenditures and the development of hybrid products combine cultivated meat with plant-based ingredients are also contributing to the increasing viability of cultivated meat. Lever VC points out that the initial doubts towards cultivated meat mirror criticisms faced by other transformative technologies in the past, but persistent innovation and government support have helped overcome these challenges and reshape industries.