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Global Foodtech Deal Activity by Year (2018 to Q1 2023)
Fewer Foodtech Deals Are Getting Signed, but Deal Sizes Are Larger
Foodtech fundraising has been on a decline since Q1 2022, after the sector fundraised a landmark US $14 billion in Q4 2021. Every quarter in 2022 saw a shrinking in funding, and the “VC winter” of 2023 is not slowing this funding freeze down. Q1 2023 saw the lowest investment into foodtech since Q1 2018, and the lowest number of deals signed since 2017.
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The Growing Business of Foodtech
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.
