Alt Proteins received a record investment of $3.1 billion in 2020, 3 times more than in 2019 – vegconomist

As the social, environmental and economic changes occurring as a result of the global pandemic continue to take effect, new data revealed today by the GFI highlights that 2020 is a “record period for investment” in companies producing alt proteins. Companies producing alternatives to animal products have raised nearly $6 billion over the past decade (2010-2020), more than half of that in 2020 alone.

The report says global alternative protein companies received $3.1 billion in disclosed investments in 2020, more than three times the $1 billion raised in 2019 and four and a half times more than the $694 million. dollars raised in 2018.

The GFI describes that the insight offered by these astonishing figures reflects that the “perspective of meat produced with zero risk of contributing to the transmission of zoonotic diseases or antibiotic resistance is even more relevant”, and which investors recognize from increasingly that, since climate risk is a risk investment, “alternative proteins offer a scalable solution that brings the world closer to a safer, carbon-neutral food system.”

© Good Food Institute

Meat, egg and plant-based dairy products

Received $2.1 billion in investments in 2020 – the largest capital raised in a single year in industry history and more than three times the $667 million raised in 2019. The companies plant-based meat, egg and dairy products have raised $4.4 billion in investments in the last decade (2010-2020).

Almost half, or $2.1 billion, was raised in 2020 alone. This included Impossible Foods’ record $700 million funding, which included a $500 million Series F in March and a $200 million Series G in August; Oatly’s $200 million private equity and $78 million debt financing; and Califia Farms’ $172 million equity financing.

cultured meat

Received over $360 million in investments in 2020, six times the amount raised in 2019 and 72% of the amount raised in industry history (2016-2020). This included the first two Series B raises in the segment: Memphis Meats’ historic $186 million round and Mosa Meat’s $75 million round.

© Good Food Institute

Fermentation

Companies in the alternative protein world received $590m in investments in 2020, more than double the amount raised in 2019. This included Perfect Day’s $300m Series C funding round and the $45 million funding from Nature’s Fynd, the first venture capital disclosed. raised by a fermentation company. Fermentation companies have raised over $1 billion in investments since the first investment tracked by GFI in 2013, with 57% raised in 2020 alone.

Sharyn Murray, Senior Investor Engagement Specialist at GFI: “The investment community is realizing the enormous social and economic potential of food technology to radically remake our food system. Early trendsetters like Impossible Foods, Beyond Meat, Memphis Meats and Mosa Meat continue to perform well, and there are more and more entrepreneurs who see the potential for alternative proteins to succeed in the market while making an impact. global positive on food and global sustainability. health.”

Nature's Fynd Breakfast Package
© The discovery of nature

Director of Corporate Engagement at GFI Caroline Bushnell: “2020 has been a pivotal year for alternative proteins, with record investments across all industry segments. This is another sign of the significant potential the private sector sees in this rapidly growing global industry. Although the amount is breaking records, more investments are needed, both from the public and private sectors, to respond to the urgency of the moment. A large-scale shift to alternative proteins will be key to mitigating the environmental impact of food production, meeting the Paris Climate Agreement, and sustainably feeding a growing global population.

For more in-depth information on the state of alternative proteins, keep an eye out for GFI’s State of the Industry Reports, which will be released in May.

Comments are closed.