Canberra, 3 August 2022 (TDI): Australia is taking action to protect itself from upcoming global Food Security in the future. The Australian $56 billion protein industry would be shaping the country ‘s future.
#DYK 75% of the world’s food is produced from just 5 animals & 12 plants? With #global populations rising, future #foodsecurity is becoming even more important. Thankfully, Australia’s $56b protein sector will help shape this future. Find out more https://t.co/KPxwFbK9cZ pic.twitter.com/9ejS2AS93w
— Austrade Indonesia (@AustradeJakarta) August 2, 2022
Future food security is becoming progressively more crucial as the world’s population grows. Australia’s Protein Roadmap shows that 5 animals & 12 plants are used in the production of 75% of the world’s food.
The government of Australia has spotlighted the issue of global food security. In addition, the government highlighted that “Alternative proteins” are one answer under consideration; they will be crucial for the future of food and food security.
The Commonwealth Scientific and Industrial Research Organization, with assistance from Austrade and other business partners, published the Protein Roadmap in March 2022. Further, the Roadmap points to an A$13 billion opportunity for investment in technology-driven proteins in Australia.
According to Protein Roadmap, it demonstrates how important protein access will be for future food security. The research shows that to feed the estimated 9.7 billion people that will exist on the planet by 2050, almost 60 percent more food must be produced. Global protein demand is anticipated to rise by 20% between 2018 and 2025 in order to feed growing populations.
Australia Open for Investments in Protein Market
Australia’s government presents many chances for investors to capitalize on the expanding protein market.
Moreover, Australia is shaping the future of food through technological advancements and innovation.
Some of them include traditional livestock, plant proteins, careful fermentation, cellular meat, and new proteins.
Proteins derived from plants are now a popular substitute for animal proteins. In addition, the world look for healthy and moral alternatives to animal-based products, and demand for plant-based proteins is expanding quickly on a global scale.
Australia is in a position to dominate the world market for plant-based proteins. The Australian plant-based protein market is currently worth A$140 million, but according to CSIRO, it may reach $9 billion by 2030 with technology-driven innovation.