Investors are turning to dairy and meat alternatives
One argument that is often used against meat and dairy alternatives startups is that there is no investor appetite for those industries. With investors being seemingly more interested in financial technology, artificial intelligence and blockchain, some people think that there is little room for alternative dairy and meat products.
However, as the recent initial public offering of Beyond Meat has shown, there is a significant market for these products, as consumers become more conscious about what they consume.
Moreover, a recent report by Rise Brewing, which the U.S. food and beverage investment in 2018, reveals that about one-third of the total funding went to meat and dairy alternative products.
“2018 saw $1.45bn invested across 200 disclosed transactions in total, with the largest deal involving a $114m funding to the plant-based meat producer Impossible Foods, followed by $108m invested in Ancient Nutrition, $75m that went to Vintage Wine Estates and $65m raised for Ripple Foods.”Ryan Williams, Finance and special projects director at Rise Brewing
With the increase in such funding in the United States, we could see a similar trend in the Middle East, with investors turning towards food and beverage, including ones that have that as their sole mandate – like Savour Ventures in Kuwait.
Learn more about the increasing investment in meat and dairy alternatives here.
