One of the greatest challenges facing the world today is to ensure that the growing population has access to adequate, sustainable and nutritious food. Conventional (i.e. industrial) livestock production systems have enjoyed uninterrupted growth over the last few decades. While this trend is expected to continue in the short term, resource constraints may dampen expansion in the long term. Furthermore, the sector is increasingly ripe for disruption. The issue of protein diversification is therefore key to managing the risks of climate-affected supply chains and for seizing opportunities for market growth. This fascinating report from FAIRR examines how the food industry may be disrupted by opportunities for new ‘low impact’ protein production technologies, driven by social and environmental pressures, and how this may impact on investors over the long term.