The company's biology team has reduced the cost of its in-house growth media for bovine cell cultivation in suspension by just over 75% from prices two years ago.
The to-be-built facility in the U.S. will house an enclosed system designed to support all aspects of insect protein production including the breeding, incubating and hatching of insect larvae.
Over the assessment period, global robotic packaging machine sales are likely to soar at 6% CAGR, taking the overall market valuation to $1,888 million by 2033.