Protein Diversification 2024

The role of governments in advancing alternative proteins1 Government leadership is needed to develop and promote alternative proteins and address one of the biggest global challenges of this era. 1. Economic growth and innovation Governments generally view the alternative protein sector as a source of future-resilient economic growth and job creation. They aim to promote a thriving environment of start- ups, businesses and research institutions by supporting research and development (R&D) and providing financial incentives. This enhances a country’s global competitiveness while stimulating new livelihoods, academia–industry connections and economic vibrancy. According to 2023 analysis conducted by McKinsey economists for ClimateWorks Foundation and the Global Methane Hub, alternative proteins are expected to support 83 million jobs9 globally, contributing to a sector projected to be worth nearly $700 billion by 2050.2. Food security The alternative protein sector is a strategic response to the increasing global demand for protein sources. In the face of population growth, climate change and resource scarcity, transitioning to alternative proteins reduces supply-chain risks, and diversifies and increases the efficiency of global food production. Investing in alternative proteins will also help make meat production more resilient10 to extreme weather, disease outbreaks and the emergence of crop diseases and pests (see Box 1). Countries that strategically adapt to evolving global food systems and diversify their food value chains stand to benefit from the positive impacts of integrating alternative proteins into their national policies. Israel’s proactive approach to fostering innovation in alternative proteins reflects our commitment to shaping a sustainable future for generations to come. By investing in academic research, as well as innovative start-ups at every stage and facilitating collaboration across industries, we are accelerating the growth of Israel’s alternative protein ecosystem. Positioned to drive sustainable and efficient solutions, Israel is poised to redefine the global landscape of alternative proteins technology and make an impactful change for a more resilient food future. Dror Bin, Chief Executive Officer, Israel Innovation Authority Several motivating factors are at play in the field of alternative proteins, reflecting a broad recognition of the potential benefits and challenges associated with this transformative industry. Creating a Vibrant Food Innovation Ecosystem 6