Global consumers are increasingly embracing alternative proteins, and market projections indicate that these alternatives could constitute 11% of total protein consumption by 2035, potentially reaching 22% with support from technology, investors, and regulators.
This trend is a positive development for combatting climate change, as the food system currently contributes to 26% of global greenhouse gas emissions, with animal agriculture accounting for 15%. The shift to alternative proteins could reduce 0.85 gigatons of CO2 equivalent worldwide by 2030, equivalent to decarbonising 95% of the aviation industry.
While consumer preferences for healthier diets and improved taste drive the adoption of alternative proteins, price-related challenges persist. However, over 30% of consumers view the positive impact on climate as a primary reason to switch to alternative proteins. The alternative protein sector offers significant carbon savings per dollar of invested capital, making it a high-impact solution to the global climate crisis.
Increased venture capital investment, technological advancements, and regulatory support globally support the progress in alternative proteins. As the protein transformation accelerates, various stakeholders in the food industry must navigate changes and capitalise on opportunities for a sustainable and transformed food system.
Join us for the last Innovation Series event this year where we are exploring the global megatrends set to hit New Zealand in 2024. The rise of bioengineering is a topical conversation as so many players are entering this space – what will the future look like moving forward? Be a part of the conversation and input to sculpt the way forward.
Timings:
9.00am : Welcome & introduction from B.linc
9.10am : Keynote address 1
9.30am : Keynote address 2
9.50am : Keynote address 3
10.10am : Panel discussion/Interactive Q&A session with audience
10.30am : Event finishes