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The report underscores the pressing need for smart protein alternatives, addressing the complex challenges of food security, climate change mitigation, and public health concerns
The Good Food Institute India (GFI India), the central expert organisation, thought leader, and convening body in the alternative protein sector unveiled its first-ever State of the Industry Report on smart protein in India in Mumbai. The report offers an analysis of India’s emerging smart protein industry, accentuating a prospective economic growth opportunity amounting to $4.2 billion by 2030 within the Indian landscape.
It stands as a compilation of pivotal business advancements, cutting-edge technologies, regulatory developments, and noteworthy scientific achievements that have shaped India’s alternative protein sector over the past five years, with a focus on key developments from 2021 to April 2023.
The report underscores the pressing need for smart protein alternatives, addressing the complex challenges of food security, climate change mitigation, and public health concerns. Simultaneously, it addresses the evolving dietary needs of the population while advancing India’s sustainability objectives.
Speaking at the launch of the report, Sneha Singh, GFI India’s Acting Manager Director, said, “The road ahead is long, but we’re truly at an inflexion point today, and this report is a testimony to that, the 120 pages capturing the history and development of the smart protein sector from its inception through to April 2023, across the business, innovation, investment, science, and policy. We hope for this report to be a sharp tool for those working to build the smart protein industry and anyone else looking to learn more about this sector, equipping them with reliable and appropriate information, to make strong, data-driven decisions.”