● The United Nations predicts that the global population will reach about 9.6 billion in 2050. If the current dietary patterns, especially the consumption habits of meat products, are still used, the meat products on the earth are not enough to meet the consumption needs of nearly 10 billion people. According to a report by research company FarmEcon LLC, if dietary habits remain unchanged, based on current productivity, human beings will need to use all the land to raise animals by 2050. Traditional protein production has been unable to meet the needs of people in future, and it is difficult to achieve environmental friendliness and resource conservation, so large-scale, low-cost and sustainable protein production methods are in urgent need of innovation and development.
● Driven by demand for health and environmental protection, the market size of meat substitutes is expected to grow steadily in the next few years. According to Markets and Markets, the global plant protein market is estimated to be worth US$18.5 billion in 2019 and is expected to grow at a CAGR of 14.0% from 2019 to reach US$40.6 billion by 2025.
● In fact, the world’s food system may have reached the brink of non-functioning: we live in a world where 2 billion are overweight and 1 billion are starving; the food industry produces more than 20% of greenhouse gases, and a third of all food is wasted. New research shows that switching to a plant-based diet can reduce our personal carbon footprint by 35%.