Total economic opportunity for smart protein in 2030 ranges upto Rs 33,194 Cr: GFI Report

GFI India has been working with Deloitte India on a Smart Protein Economic Analysis

India’s smart protein sector has truly taken off over the last two years – with new products
going to market every few months, more than 50 startups now active in the space, and an
ecosystem of 80+ companies supporting the growth of these startups.

At the ongoing Smart Protein Summit in New Delhi, designed by Good Food Institute (GFI) India and the Federation of Indian Chambers of Commerce & Industry (FICCI), Deloitte partner Anand Ramanathan and Varun Dehspande, President, GFI Asia, unveiled for the first time, topline numbers on the market size and export potential of smart protein from a rigorous study by GFI India and Deloitte India. ‘The Smart Protein Economic Analysis’ delves deep into the smart protein economic opportunity for India, shedding light on avenues for job creation and India’s potential to become a leading manufacturer and supplier of raw materials, and equipment for smart protein globally by 2030.

As per the findings, the total economic opportunity (domestic market size + exports) for smart protein in 2030 ranges from Rs 12,075 crore ($1.5 billion) to Rs 33,194 crore ($4.2 billion). Out of this, plant-based dairy exhibits highest domestic growth, while plant-based meat might hold the highest export share.

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