Shrimp Analogue is Latest in Growing Range of Proprietary Printer Capabilities; Has Potential to Reshape the $68 Billion Shrimp Industry
Steakholder Foods Ltd. (Nasdaq: STKH), a leader in cultivated meat and 3D bioprinting technology, is excited to announce that it has further expanded its 3D-printing capabilities with the world’s first plant-based, 3D-printed shrimps, expertly designed to mimic the authentic texture and flavor of conventional shrimps. The shrimps were precision-printed on Steakholder Foods’ proprietary DropJet printer, designed for fish and seafood printing, using shrimp-flavored ink developed by Steakholder Foods’ food technology team. It is the latest addition to the Company’s portfolio of printed seafood products to be offered to potential customers, on a plant (analogue) or potentially hybrid (combination plant and cultivated) basis, as economies of scale develop to enable price-competitive cell development.
The shrimp market was valued at USD 68 billion in 2022, and is projected to grow at a CAGR of 5.5% from 2023 to 2030. With 7.6 million tons of shrimp harvested in 2023, Steakholder Foods’ heavy-duty production printing solution aims to provide partners and customers with the means to meet growing demand through high-volume, efficient, and sustainable production, offering a practical and environmentally-friendly alternative to traditional shrimp farming.
Arik Kaufman, CEO of Steakholder Foods, said: “By unveiling a second new species of plant-based, 3D-printed seafood this month, we expect to position Steakholder Foods to sell and deliver its first DropJet printer in 2024, offering partners and customers a unique opportunity to benefit from the expanding global seafood market, while making the right kind of impact on the environment.”
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