$1.1B invested in alternative protein in 2020 so far doubles 2019 totals, report shows

$1.1B invested in alternative protein in 2020 so far

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

1000
Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

Email

Also on home.kpmg

protein-doubles

[28 July, Megan Poinski, Food Dive]

According to a recent report released by FAIRR has shown that over USD$1.1b has been invested in alternative proteins for the first half of 2020, which is more than two times the level of investment for the 2019 year. According to FAIRR’s ranking system for protein diversification, Unilever and Tesco have scored the highest as ‘pioneers in the movement’. It was noted that Unilever opened The Hive - a USD$94m plant-based food innovation centre in Netherlands during 2019.

To read this week's full edition of Field Notes, please click here.

To read the full original article, please click here.


 

© 2021 KPMG, a New Zealand Partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal