{"id":1615160,"date":"2024-04-17T08:00:23","date_gmt":"2024-04-17T08:00:23","guid":{"rendered":"https:\/\/www.greenqueen.com.hk\/?p=72224"},"modified":"2024-04-17T08:00:23","modified_gmt":"2024-04-17T08:00:23","slug":"price-parity-job-creation-investment-highlights-from-gfis-alt-protein-state-of-the-industry-reports-2024","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2024\/04\/17\/price-parity-job-creation-investment-highlights-from-gfis-alt-protein-state-of-the-industry-reports-2024\/","title":{"rendered":"Price Parity, Job Creation & Investment: Highlights from GFI\u2019s Alt-Protein State of the Industry Reports 2024"},"content":{"rendered":"
Political resistance and a drop in funding and sales were offset by a hike in manufacturing facilities, diverse partnerships, and regulatory approvals in the alternative protein world last year, according to the 2023 State of the Industry reports by the Good Food Institute (GFI).<\/p>\n\n\n\n
Comprising plant-based, cultivated and fermented proteins, the reports outline the progress, challenges, and future of the industry. Globally, retail sales for plant-based meat, seafood and dairy saw a slight increase, from $28B in 2022 to $29B in 2023. But the road towards taste and price parity, improved accessibility, better nutrition, and significant market penetration remains lengthy, with GFI comparing this to Hofstadter’s Law.<\/p>\n\n\n\n
Coined by scientist Douglas Hofstadter, it reads: “It always takes longer than you expect, even when you take into account Hofstadter’s Law.” It’s meant to describe the difficulty of estimating how much time it will take to complete complex tasks. “As Hofstadter\u2019s Law and similar adages dictate, this will take time,” says GFI business analyst Daniel Gartner, drawing parallels with alternative protein’s progress. “However, keep our eyes on the goal post and the vision all of us in this industry are working towards \u2013 a brighter food future for people and the planet.”<\/p>\n\n\n\n
Here are the key highlights from the 2023 State of the Industry reports:<\/p>\n\n\n\n