Israel’s burgeoning alternative-protein sector stands at the cusp of a transformative decade, with projections indicating the potential establishment of over 200 vegan and alternative-protein companies by 2030. A collaborative effort between the Israel Innovation Authority, the World Economic Forum (WEF) via the Fourth Industrial Revolution (C4IR) network spearheaded by C4IR Israel, and the Good Food Institute Israel has yielded a comprehensive report titled “Creating a vibrant food-tech innovation ecosystem: How Israel is advancing alternative proteins across sectors,” outlining the nation’s pivotal role in shaping the future of food technology.
The report underscores Israel’s robust presence in the alternative proteins landscape, citing a record high of 15 new alternative-protein startups last year alone. With over 80 active startups in this sector and more than 200 startups in food technologies overall, Israel ranks second globally in private investment, accounting for nearly 10% of total global investments in this field, trailing only behind the United States.
Highlighting the transformative potential of alternative proteins, the authors emphasize their significance in addressing climate change, enhancing biodiversity, ensuring food security, and fostering economic growth. By leveraging plant-based, cell-cultured, and fermentation-derived meat, these proteins offer a sustainable alternative to traditional meat production methods.
Dror Bin, CEO of the Israel Innovation Authority, articulates Israel’s proactive approach in nurturing innovation within the alternative-protein sector, positioning the nation as a driver of sustainable solutions for future generations. With strategic investments in applied academic research, support for innovative startups, and facilitation of international collaboration, Israel aims to accelerate the growth of its alternative protein ecosystem, potentially creating 10,000 jobs by 2030, with a significant portion in manufacturing.
Bruce Friedrich, president and founder of the Good Food Institute, underscores the pivotal role of alternative proteins in mitigating climate change, likening them to renewable energy and electric vehicles in their transformative potential. Stressing the importance of addressing key barriers such as cost competitiveness, regulatory ambiguity, and scalability challenges, the report advocates for global cooperation to propel advancements in the sector.
Israel’s trailblazing initiatives in alternative protein technologies, including the approval of cultivated beef by Aleph Farms, highlight its commitment to driving innovation in the food industry. As forecasts predict exponential market growth, Israel stands poised to lead the charge in revolutionizing the global food landscape through collaboration, investment, and innovation.