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Which MENA Countries Account for Largest Funding Raised by Foodtech Scaleups?
Since 2010, there have been 138 foodtech scaleups in MENA that have raised $1M or more each, accounting for US $4.2 billion in cumulative Foodtech funding in the region. Israeli foodtech scaleups have raised 49% of this value, followed by the UAE (31%) and Saudi Arabia (12%). But funding has been steadily increasing; in the past 2 years alone, Foodtech funding has exceeded $2 billion, accounting for nearly half of all funding across the past 12 years.
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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.
