Investments in European Food Tech had been as regular as clockwork for the last six years: one year up, one year down.
After a record-breaking year in 2017 (€1.5B), investments almost halved in 2018 (€0.9B) and then skyrocketed in 2019 with €2.4B.
Food Tech investments are also rising faster in Europe than they are elsewhere, making the old continent a leading hub for agriculture, food and retail innovation.
According to a new research released on Wednesday (April 7) by Paris-based food tech insight consultancy Digital Food Lab, investment in European food techs remained consistent at €2.7 billion (US$3.2 billion) in 2020, matching the amount reported in 2019. The 69-page report, backed by data and food giants Google Cloud and Nestlé, delves into financing and trend movements during the pandemic-plagued year, as well as geographical and category adjustments in Europe’s food tech environment.
As part of this report, we are informed there was a “huge acceleration” of investment into alternative protein businesses, indicating a shift away from disruption towards farming and distribution, characterized as a “feat in the midst of a pandemic.”
A report is available in English and French.
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