Overview

The State of the Industry series is an annual research series produced by the Good Food Institute (GFI) that examines the development of the alternative protein sector, including cultivated meat, seafood and ingredients. The series provides a global overview of industry progress by bringing together information on commercial activity, investment trends, scientific and technological developments, consumer research, and policy and regulatory changes.

Purpose of the series

The purpose of the series is to provide stakeholders with a consolidated assessment of how the cultivated protein sector is evolving and progressing towards commercial viability, market adoption and industry scale. It is intended to help industry participants, policymakers, researchers and investors understand developments across the value chain and the factors influencing the sector’s growth and maturity.

Methodology

The series is based on an annual review and synthesis of global industry developments. The reports compile and analyse information relating to company activity, product launches, partnerships, investment and financing activity, scientific research, technology developments, public funding initiatives, consumer insights, and regulatory and policy developments.

The analysis draws on GFI’s industry databases, publicly reported company and market information, investment datasets, academic literature, and government and regulatory sources to provide a sector-wide assessment of progress and challenges.

Relevance for finance professionals

Finance professionals can use the series to understand the maturity, direction and investment landscape of the cultivated protein market. The reports provide context on industry structure, commercialisation pathways, innovation trends, regulatory developments and capital allocation patterns.

The series can support market analysis, sector monitoring, investment research, due diligence activities and strategic assessments of opportunities and risks within the alternative protein ecosystem.

Series history

The State of the Industry series has been published annually by the Good Food Institute since at least 2023, serving as a recurring benchmark of developments across the cultivated protein and broader alternative protein sectors.