A recent report by GovGrant, an intellectual property consulting firm, predicts a significant shift in the global meat industry by 2040. The report forecasts that lab-grown and vegan meat will constitute over half of the world's meat consumption, with lab meat expected to make up 35% and vegan meat 25%. This shift is anticipated to reduce the demand for traditional meat due to its environmental impact, land and water usage, and ethical concerns. The United States is leading the investment in cell-based meat, with Israel, the Netherlands, Singapore, and the United Kingdom also making significant contributions.