Global Foodtech Exit Activity by Year (2018-2023)

After the pandemic, we are seeing the exits in the food technology industry slow down. There were a total of 15 exits for VC-backed foodtech startups worth less than a combined $1 billion in Q1 2023, continuing the trend seen in Q4 2022. There were no IPOs and only one buyout, leaving M&A deals to make up the majority of exits during the quarter.

The M&A market remains bearish due to higher interest rates. Exit activity is expected to remain subdued until the IPO markets heat up again.

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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.

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