NEWS 12 FEED & ADDITIVE MAGAZINE March 2022 ADM released its alternative protein outlook for 2022, revealing what’s next for protein alternatives, which are expected to climb to a staggering $125 billion by 2030. ADM, a global leader in nutrition that powers many of the world’s top food, beverage, health and wellness brands, released its alternative protein outlook. The protein outlook is a deeper dive into one of the seven top consumer trends identified by the company for 2022. The findings, based on research from the company’s proprietary Outside VoiceSM consumer insights platform, reveal what’s next for protein alternatives, which are expected to climb to a staggering $125 billion by 2030. “In the last 12 months, the number of plant-based meat, cheese and dairy products available to consumers has more than doubled,” says Leticia Goncalves, president of Global Foods for ADM, who oversees the company’s focus on high-growth business. “Innovation driven by future-forward brands like Air Protein, Future Meat Technologies, Nature’s Fynd, in partnership with larger industry players such as ADM, are transforming the way we will feed a growing global population sustainably. Products aimed at meeting the heightened demand for health-forward solutions that can deliver on evolving consumer taste and texture expectations will continue to come to market over the next decade,” she adds. ADM releases 2022 alternative protein outlook Aiming to reshape the future of protein production, Nutreco announced that it launched the 2022 Nutreco Feed & Food Tech Challenge (NFFTC) to find startups and other pioneers with innovative and disruptive ideas. Nutreco is looking for startups and other pioneers with innovative and disruptive ideas to produce more food with fewer resources. Candidates can now apply to 2022 Nutreco Feed & Food Tech Challenge (NFFTC). Start-ups across the globe are invited to submit their applications. The challenge focuses on breakthrough innovations within livestock farming, aquaculture and alternative food proteins. The winning start-up receives a scientific validation trial at one of Nutreco’s research centers. Nutreco experts will select 15 teams to receive coaching by industry experts and to pitch virtually to the jury in June. The jury will consist of Nutreco and industry experts. The top five teams will then be invited to an in-person event in the Netherlands later in the year. Applications need to be sent by April 25 at 12:00 CET. Requirements for the pitch deck can be found on the Nutreco website. “Feeding the Future will require significant technological innovation. A single idea could make a huge impact on the future of protein and our planet,” says Joost Matthijssen, Nutreco’s Director of Venturing and NFFTC head juror. Nutreco looks for startups with innovative ideas
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