Investment in Israeli food tech doubles
Israel is quickly becoming one of the world leaders in cultivated meat, dairy and seafood products.
The Israeli food-tech industry continues to expand. At present, Israel is ranked second in the world in the number of cultivated-meat companies after the United States and third in the number of investors in the alternative protein field.
A recent report by Israel's Good Food Institute showed that investments in Israeli food-tech startup companies reached $320 million in the first six months of 2022, a 160% jump compared to the same period in 2021. On a global scale, investment in the sector between January and June 2022 reached $1.75 billion, with Israeli companies attracting some 18% of investments worldwide.
The report indicated that during the first half of 2022, Israeli plant-based food companies attracted $161 million in investments, 22% of the total global investments in this field. Israeli fermentation-derived protein companies attracted $152 million — 38% of the world global investment and second only to the United States.
Plant-based steak developer Redefine Meat stands first in investments in Israeli food tech with $135 million, followed by the fermentation-derived dairy producer Remilk with $130 million.
