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New protein network to take on world players

New protein network to take on world players

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

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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new-protein

[11 August, Farmers Weekly]

A new emerging proteins network was launched this month to meet bigger overseas competitions by coordinating New Zealand’s response to the growing food sector. A recent report prompted Emerging Proteins NZ and highlighted that New Zealand needs to strengthen investment and research focus in the sector of plant protein, where global sales surged 17% in 2018. FoodHQ’s CEO Dr Abby Thompson says NZ is capable of growing a wide range of plants for alternative protein industry but with the need of understanding the market, and the biggest barrier is a lack of capital and infrastructure.

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