Singapore-based cultivated meat and seafood producer Shiok Meats, considered a leader in the fledgling sector, announced it will focus on cell-cultured beef ahead cell-cultured seafood.

In a letter posted on LinkedIn in May, Shiok Meats CEO and co-founder Sandhya Sriram said the shift was partly the result of financing issues.

"We are unable to scale crustacean stem cells into production. We are facing issues with cell lines that can scale and then further issues in scale up too," Sriram said.