Smart protein market could reach $4.2 billion by 2030: Deloitte study

Experts at a Summit on the subject said India has crop diversity, a competitive talent pool, and hundreds of people working on an opportunity that can create several jobs across the value chain

A study by Deloitte India, unveiled at the 'Smart Protein Summit 2022', said that the country's smart protein market (domestic and exports) could reach a size of Rs 33,194 crore, or $4.2 billion, in a high growth scenario by the year 2030.

Focusing on the immense opportunity, leading entrepreneurs and investors emphasised the importance of building high-fidelity smart protein products -- plant-based or cultivated meats that look, cook, taste, and sizzle like conventional animal-derived protein. 

Building on this, Varun Desphande, President, Good Food Institute India, which organised the summit, emphasised the need to become Atma Nirbhar in smart proteins. He