Global Foodtech Deal Activity by Sector
By Lucidity Insights Research Team 19 August 2023

Global Foodtech Deal Activity by Sector

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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There are over 124 foodtech unicorns around the world worth over US $1.3 trillion. The Foodtech market itself surpassed US $260 billion last year alone. Alt-Proteins, 3D Printing Food, and AI integrated Restaurant SaaS: The future of food has arrived. In addition to looking at foodtech globally, in this special report we also look at the future of food technology scene in the MENA region, our special report delves deeper into the dynamics of Foodtech in MENA.