116 Alternative Protein Investments: Q1-Q3 2024
Latest Data & Insights on Alternative Protein Investments Globally
Hello,
This week’s Newsletter will analyze Alternative Protein Investment trends for Q1-Q3 2024 & will provide insights into Alternative Protein Investment across these areas:
Investment Analysis
Technology - Plant-based, Fermentation & Cultivated
Product - Meat, Seafood, Dairy, Egg, Inputs & Ingredients
Geography - Continent (North America, Europe, Asia, Oceania, South America & Africa)
Largest Investments
Further Investment Information
Next Week’s Newsletter Topic: Investors
Investment Analysis 2023 - Q3 2024
Investment Deals:
43 Investment Deals in Q3 2024
32 Investment Deals in Q2 2024
41 Investment Deals in Q1 2024
116 Investment Deals in Q1-Q3 2024
144 Investment Deals in 2023
260 Investment Deals in 2023 - Q3 2024
Investment ($MUSD):
$321M USD Invested in Q3 2024
$398M USD Invested in Q2 2024
$333M USD Invested in Q1 2024
$1.05B USD Invested in Q1-Q3 2024
$1.51B USD Invested in 2023
$2.56B USD Invested in 2023 - Q3 2024
Investment by Technology
Investment by Technology Q1-Q3 2024:
Plant-based: $202.23M USD (19%) across 45 deals
Fermentation: $633.99M USD (60%) across 49 Deals
Cultivated: $215.95M USD (21%) across 22 Deals
Investment by Product
Investment by Product Q1-Q3 2024:
Meat: $566.2M USD (Largest Category - 54%) across 45 deals
Dairy: $238.9M USD across 22 Deals
Seafood: $9.8M USD across 4 Deals
Egg: $64.2M USD across 3 deals
Inputs: $31.4M USD across 9 Deals
Ingredients: $141.8M USD across 33 Deals
Geography of Investments
The Map below shows the location of Alternative Protein Investments Worldwide in Q1-Q3 2024.
Investment Deals by Continent (% of Global Deals) Q1-Q3 2024:
Europe - 47%
North America - 24%
Asia - 16%
Oceania - 8%
South America - 3%
Africa - 2%
The Northern Hemisphere accounts for 87% of Global Deals.
The Southern Hemisphere accounts for 13% of Global Deals.
Investment Amount by Continent (% of Global Investment) Q1-Q3 2024:
Europe - 50% (Largest Continent - $528M USD)
North America - 38%
Asia - 10%
Oceania - 2%
South America - 0%
Africa - 0%
The Northern Hemisphere accounts for 98% of Global Investment.
The Southern Hemisphere accounts for 2% of Global Investment.
Largest Investments: Q1-Q3 2024
3 Largest Alternative Protein Investments ($M USD) in Q3 2024:
Formo - $61M USD - Series B - Precision fermentation (Dairy) - Germany
Helaina - $45M USD - Series B - Precision fermentation (Dairy) - United States
Ecovative- $28M USD - Undisclosed - Biomass Fermentation (Meat) - United States
These 3 largest investments account for 42% of alternative protein investment globally in Q3 2024.
5 Largest Alternative Protein Investments ($M USD) in Q1-Q3 2024:
Meati Foods - $100M USD - Series C-1 - Fermentation (Meat) - United States
Perfect Day - $90M USD - Pre-Series E - Fermentation (Dairy) - United States
Formo - $61M USD - Series B - Precision fermentation (Dairy) - Germany
Infinite Roots - $58M USD (53M Euros) - Series B - Fermentation (Meat) - Germany
Prolific Machines - $55M USD - Series B1 - Cultivated (Meat) - United States
These 5 investments account for 47% of alternative protein investment globally in Q1-Q3 2024.
Further Investment Information
All data & insights detailed in this Newsletter is sourced by Alternative Proteins Global. It includes all investments into alternative protein companies, excluding:
Accelerator & Incubator Cohorts
Investments not made into companies e.g. Government Projects, Universities
Investments that APG cannot independently verify
Investments made into companies whose main focus is not alternative proteins
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Next Week: Investors
Next Week’s Newsletter Topic: Investors in the alternative protein industry globally in Q1-Q3 2024.