We are very proud to announce our new Smart Protein Fund, a power partnership between Milltrust International Group and Earth First Food Ventures, investing in the future of food production, as published in City AM this morning.
By investing in the sustainable food innovations emerging in this nascent industry – such as precision fermentation, cultivated meat, and plant-based proteins – Milltrust are backing those companies disrupting the status quo as we know it. Boston Consulting Group (BCG) predicts that smart proteins are set to account for up to 22% of global protein consumption over the next 15 years, representing an immense $500 billion investment opportunity for early investors.
“By 2035, alternative proteins will very likely capture 11 per cent of the global protein market, as consumers, companies, and investors push the values of ESG,” Brian Ruszczyk, CEO of Earth First Food Ventures told City A.M. “We predict the market for alternatives to meat, especially chicken and seafood, will increase significantly, rising from two per cent of total protein consumption in 2020 to more than 20 per cent by 2035,” Ruszczyk continued.
Alexander Kalis, Managing Partner at Milltrust International told City A.M.: “It’s often conveniently forgotten that the food industry represents 26 per cent of global greenhouse gas emissions – more than all forms of transport combined. Time is of the essence if we are to reach our net-zero imperatives”, Kalis added.
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