Report: Food Companies Fail to Meet Plant-Based Protein Demand
A new analysis by the investor network FAIRR reveals that many companies are not effectively meeting the demand for plant-based proteins.
The report, titled Feeding Change: Building a Resilient Food System Through Protein Diversification, analyzed the approach of 20 global food companies to protein diversification.
Key findings include:
- Only 30% of companies have nutrition expertise at the board level.
- At least 70% of companies identify health and wellness as a material issue, but 25% have no dedicated health strategy.
The lack of effective meeting of plant-based protein demand is limiting the category's growth and weakening the resilience of food supply chains.
This is due to over-reliance on animal proteins, highlighting the need for companies to diversify their protein sources.
Author's summary: Companies fail to meet plant-based protein demand, limiting growth.
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