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"What the final outcome is going to be is difficult to predict, " says Forgacs.
CNN: Lab-grown meat gives food for thought
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Forgacs says lab-grown meat is becoming increasingly necessary as the world struggles to cope with an unsustainable meat industry.
CNN: Lab-grown meat gives food for thought
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When it comes to producing meat, Forgacs says the most difficult part is creating muscle tissue that tastes, looks and feels like animal flesh.
CNN: Lab-grown meat gives food for thought
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However, Forgacs is not the only scientist working on lab-grown meat.
CNN: Lab-grown meat gives food for thought
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His company, Modern Meadows, has already attracted a number of investors since being launched in 2011, including, says Forgacs, funding from the U.S. Department of Agriculture.
CNN: Lab-grown meat gives food for thought
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"This product isn't going to be for the masses at the beginning, it's going to be for eco-conscious people and people who don't eat meat for ethical reasons, " says Forgacs.
CNN: Lab-grown meat gives food for thought
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In fact, rather than attempt to race to produce an engineered meat product, Forgacs said his first lab-grown product is going to be leather, which he says "is a similar product to some extents but not as controversial and doesn't require the same legislation that meat does".
CNN: Lab-grown meat gives food for thought