Food companies and the alternative protein boom
This report from Farm Animal Investment Risk and Return (FAIRR) (a London-based investor initiative focused on the environmental, social and ethical issues of factory farming) estimates that the global meat substitute market is worth almost $20 billion and is predicted to grow by 7-9% annually.
The report also sets out current areas of technical innovation in alternative proteins (including plant-based proteins, fermentation and cellular agriculture), gives an overview of the current regulatory landscape, and evaluates and ranks 25 large food companies on their alternative proteins activity.
Read the full report, Appetite for disruption: How leading food companies are responding to the alternative protein boom, here. See also the Foodsource resource How far could changes in production practices reduce GHG emissions?
While some of the food system challenges facing humanity are local, in an interconnected world, adopting a global perspective is essential. Many environmental issues, such as climate change, need supranational commitments and action to be addressed effectively. Due to ever increasing global trade flows, prices of commodities are connected through space; a drought in Romania may thus increase the price of wheat in Zimbabwe.