The Saudi Agricultural Investment and Livestock Company (SALIC) organized a two-day virtual conference for its employees on the role of alternative protein in food security with the participation of presenters from the United States of America and Singapore. Salic is interested in investing in modern technologies in food production, and the conference helped to understand the trends in the protein market.
The Speakers defined "alternative protein" as foods or drinks that contain protein from non-animal sources or through the cultivation of cells, yeasts, or plant-based, noting that the importance lies in
meeting the expected demand and pressure on the diet by the year 2050 AD considering the population is expected to reach 9.8 billion people.
The conference discussed the growing market for alternative protein with rapid development of food technology, as direct investment reached its highest level in 2020 with deal size of more than 3.1 billion dollars in plant-based technologies and cell culture. The nutritional value of alternative protein does not differ from direct animal source products in terms of protein, fat, and mineral value.
At the end of the conference, the speakers and attendees continued interjections and questions on various topics related to alternative protein from investment and awareness angles. SALIC employees also gave their thanks and appreciation to the speakers for their knowledge enrichment on the conference's topic.