MeaTech 3D Ltd. has announced that it has signed a memorandum of understanding with Umami Meats for the joint development of 3D-printed cultured structured seafood.
Umami Meats is a Singapore-based cultured seafood company with a focus on developing species that are expected to experience severe supply-side shortages in the coming years due to climate change, overfishing, and continuously growing consumer demand. The global seafood market was estimated to be worth $110.2 billion by 2022 and is growing at a CAGR of 3.6%.