73 Alternative Protein Investments - 1H 2024
Latest Data & Insights on Alternative Protein Investments Globally
Hello,
My name is Nicholas Dahl, I am the Founder & CEO of Alternative Proteins Global (APG). In this Newsletter, I will be sharing detailed insights, databases, visualizations, reports & more across all aspects of the Alternative Protein Industry.
This Week: Investments
This week’s Newsletter will analyze Alternative Protein Investment trends for 1H 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 - 1H 2024
Investment Deals:
32 Investment Deals in Q2 2024
41 Investment Deals in Q1 2024
73 Investment Deals in 1H 2024
144 Investment Deals in 2023
217 Investment Deals in 2023 - 1H 2024
Investment ($MUSD):
$398M USD Invested in Q2 2024
$333M USD Invested in Q1 2024
$731M USD Invested in 1H 2024
$1.51B USD Invested in 2023
$2.24B USD Invested in 2023 - 1H 2024
Investment by Technology
Investment by Technology 1H 2024:
Plant-based: $130.46M USD (18%) across 29 deals
Fermentation: $407.76M USD (56%) across 28 Deals
Cultivated: $193.13M USD (26%) across 16 Deals
Investment by Product
Investment by Product 1H 2024:
Meat: $444M USD (Largest Category - 61%) across 27 deals
Dairy: $113.7M USD across 12 Deals
Seafood: $3.8M USD across 3 Deals
Egg: $49.0M USD across 2 deals
Inputs: $28.6M USD across 7 Deals
Ingredients: $92.4M USD across 22 Deals
Geography of Investments
The Map below shows the location of Alternative Protein Investments Worldwide in 1H 2024.
Investment Deals by Continent (% of Global Deals) 1H 2024:
Europe - 41%
North America - 25%
Asia - 22%
Oceania - 8%
South America - 3%
Africa - 1%
The Northern Hemisphere accounts for 88% of Global Deals.
The Southern Hemisphere accounts for 12% of Global Deals.
Investment Amount by Continent (% of Global Investment) 1H 2024:
Europe - 47% (Largest Continent - $347M USD)
North America - 38%
Asia - 12%
Oceania - 2%
South America - 0%
Africa - 0%
The Northern Hemisphere accounts for 98% of Global Investment.
The Southern Hemisphere accounts for 2% of Global Investment.
Largest Investments: 1H 2024
3 Largest Alternative Protein Investments ($M USD) in Q2 2024:
Meati Foods - $100M USD - Series C-1 - Fermentation (Meat) - United States
Prolific Machines - $55M USD - Series B1 - Cultivated (Meat) - United States
Mosa Meat- $42.5M USD (40M Euros) - Series B - Cultivated (Meat) - Netherlands
These 3 largest investments account for 50% of alternative protein investment globally in Q2 2024.
5 Largest Alternative Protein Investments ($M USD) in 1H 2024:
Meati Foods - $100M USD - Series C-1 - Fermentation (Meat) - United States
Perfect Day - $90M USD - Pre-Series E - Fermentation (Dairy) - United States
Infinite Roots - $58M USD (53M Euros) - Series B - Fermentation (Meat) - Germany
Prolific Machines - $55M USD - Series B1 - Cultivated (Meat) - United States
Heura - $42.97M USD (40M Euros) - Series B -Plant-based (Meat) - Spain
These 5 investments account for 47% of alternative protein investment globally in 1H 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
Book an introductory meeting with me here if you need more detailed alternative protein investment data or insights.
Next Week: Investors
Next Week’s Newsletter Topic: Investors in the alternative protein industry globally in 1H 2024.