Australia’s $13bn protein investment opportunity

In 28 years, there will be 9.7 billion people on Earth. One of our biggest challenges is how to produce enough food to feed growing populations. At the moment, 75% of the world’s food is produced from just five animals and 12 plants. COVID-19 has also shown that our fragile food system is vulnerable to supply chain disruptions, diseases and weather.

To feed growing populations, the world must produce more protein, more sustainably, and from more sources. Australia’s A$56 billion protein sector, including plant-based proteins, provides a strong foundation for the country to help shape the future of food. According to Australia’s national science agency, CSIRO, Australia has A$13 billion in technology-led protein investment opportunities in the pipeline.

In this insight, Anne-Maree Weston, head of Austrade’s Agribusiness & Food Centre of Excellence, examines Australia’s thriving plant-based protein sector and the role it could play in the future of global food security.

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