Report: Food Companies Fail to Meet Demand for Plant-Based Proteins
A new analysis by the FAIRR investor network reveals that many global food companies are not effectively meeting the demand for plant-based proteins.
The report, titled Feeding Change: Building a Resilient Food System Through Protein Diversification, analyzed the approach of 20 global food companies to protein diversification.
Many companies are not effectively meeting the demand for plant-based proteins, limiting the category’s growth and weakening the resilience of food supply chains.
The report compiles results from the second year of an investor engagement with 20 of the world’s largest food retailers and manufacturers, finding that:
- Only 30% of companies have nutrition expertise at the board level.
- At least 70% of companies identify health and wellness as one of the most material issues facing their businesses.
- 25% of companies have no dedicated health strategy at all.
Author's summary: Food companies struggle to meet plant-based protein demand.
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