Global Foodtech Deal Activity by Sector
19 August 2023•
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Alt-Proteins Are All the Rage, Fastest Growing Foodtech Sector in Funding
Ecommerce foodtech startups continue to raise the most, but Alt-Proteins is the fastest growing segment today. Alternative proteins are plant-based and foodtech alternatives to animal proteins. This includes plant-based meat, plant-based seafood, and plant-based dairy and egg replacements. It also includes lab- grown meat, seafood, dairy and eggs. Foodtech playes are using plants like grains, legumes and nuts, fungus (mushrooms), algae, and insects, and even fermented proteins too.
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