The plant-based meat category is expected to 10x over the next decade with explosive growth.  However, the proteins used as key ingredients in this category today are currently all imported to Australia. The global supply is constrained with increasing lead times, cost and lack of innovation for this rapidly changing category.  This poses a risk for the continued growth of Australian food brands and manufacturers in plant-based meats.To address this growing category opportunity, a local supply chain needs to be developed in Australia that integrates both the R&D and manufacturing capability required to produce novel ingredients domestically.

See https://www.amgc.org.au/project/manufacture-and-commercialisation-of-plant-based-protein-ingredients/