I personally doubt this is anywhere near being able to compete with real chicken. Chickens are one of the most cost-effective sources of protein.
https://ourworldindata.org/grapher/energy-efficiency-of-meat...
To put it into perspective beef requires 50x more energy input, than caloric output. Chickens only require 7.7x more input than caloric output, eggs are 5x.
Chickens take in corn and produce fat and protein. I'm unsure of the number of steps for lab grown meat, but I doubt it'll be fewer steps and likely will have more chemicals (and likely be less healthy).
That said, I wouldn't be surprised if they add regulations and additional burden on the non-lab grown meats and subsidizing lab-grown meats (they effectively do already subsidize it through grants).