Are insects really the growing protein source – the new FIAL Protein Report.

FIAL has just released the PROTEIN MARKET: Size of the PrizeAnalysis for Australia March 2019 Report.

It details the study and subsequent analysis of protein in Australia as compared to other countries across the world. It includes sources, consumption and value.

The following are some of the findings;

• Global protein consumption rose 40% between 2000 and 2018. More than 50% of this increase was driven by Asia.
• Globally, each person was estimated to consume 26kg of protein per year on average in 2018. Fuelled by the growth of the consuming class, this is projected to grow by 27% to 33kg in 2025.
• Indonesia and Sub-Saharan Africa are forecast to see the highest protein demand growth rates of up to 3.6% per year between 2018 and 2025.
• In 2018, plant-based proteins accounted for 66% of global protein consumption supply, and is likely to remain as the dominant source of supply in 2025.
• In value terms, the global protein market could be worth up to A$513 billion in 2025, 40% of which could come from meat proteins.
• China is projected to be the largest market across all protein categories, except plant-based proteins. The country alone could account for 35% of global protein market value in 2025
• Shifting Australia’s protein production mix to match projected global consumption for high-value proteins could create an additional A$55 billion in 2025, as compared to business-as-usual approaches.
• A recent survey found that 58 percent of consumers purchase food products based on the amount of their protein content. Source:Natural Products Insider (2019). Deep dive report: The plant-based protein market

The full report can be found at https://fial.com.au/Attachment?Action=Download&Attachment_id=200

This report is well worth all food manufacturers time to read through as it highlights that there are changes happening, particularly in protein sources.