Shiok Meats' Lab-Grown Products 18-20 Months From Launch

The video discusses the emerging market of lab-cultivated meat and seafood, highlighting its potential to be a billion-dollar industry. It covers the challenges of factory farming, the need for sustainable alternatives, and the role of consumer education. The CEO shares insights on commercialization plans, cost reduction strategies, and the importance of consumer adoption. The video also explores the market potential in Southeast Asia and globally, projecting a significant shift towards alternative foods in the coming decades.

What is the primary motivation behind developing lab-cultivated meat and seafood?

• To create new flavors of meat

• To provide a sustainable and healthy alternative

• To reduce the cost of meat production

• To increase the demand for traditional meat

How old is the lab-cultivated meat industry currently?

• 1 to 2 years

• 3 to 4 years

• 7 to 8 years

• 5 to 6 years

What is the expected timeline for lab-cultivated meat to become widely available?

• 1 to 2 years

• 5 to 7 years

• 10 to 12 years

• 3 to 4 years

What is the current cost of lab-cultivated shrimp per kilogram?

• $1000

• $500

• $100

• $2000

What is the target price range for lab-cultivated meat in the next 5 to 7 years?

• $5 to $10 per kilogram

• $20 to $30 per kilogram

• $100 to $150 per kilogram

• $50 to $60 per kilogram

Which market is the initial focus for launching lab-cultivated meat?

• Developing countries

• Affluent and well-educated countries

• Countries with high meat consumption

• Countries with low meat production

What percentage of the meat and seafood market is expected to be taken over by alternative foods in the future?

• 10 to 15%

• 20 to 25%

• 5 to 10%

• 30 to 35%