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Israeli companies lead the world in food technology investments in the plant-based alternative protein sector and are second only to the US in investment in the alternative protein industry overall, according to an updated report published this week by Good Food. Institute (GFI) Israel.
The alternative proteins sector includes plant-based meat, milk and egg substitutes, processed milk, meat and seafood and various fermentation processes and products. Developed protein startups and fermentation technology startups often overlap.
GFI report on Israel’s food technology sector in 2015 It highlights new figures in the first half of 2022 (H1 2022), where $160 million in funding went to Israeli startups developing plant-based food products, equivalent to 22 percent of the global total. And it is slightly ahead of America in this sector.
The global alternative protein sector as a whole earned $1.75 billion in H1 2022, with $320 million invested in blue-and-white alternative protein startups and companies, accounting for 18% of the total.
American alternative protein companies With total investments of $857 million by 2022, and engineered protein startups — those that harvest cells from animals and then grow them to create meat and dairy products — will lead the charge.
In fermented proteins that use microorganisms such as bacteria and fungi, Israel is second only to the United States, accounting for 38 percent of global investment in this field at $152 million, according to the report.
In general, China has invested 120 million dollars, followed by Singapore (104 million dollars) and France (96 million dollars). These three countries are involved only or mainly in plant-based alternative protein products.
Alternative protein growth
Israel’s alternative protein industry grew by 160% in H1 2022, compared to H1 2021, GFI reports. In the year As of 2020, the industry has grown by about 450%. In 2021
In the year The most notable deal in the Israeli plant protein sector in 2022 was a $135 million investment in Redefine Meat to finance production lines in Israel and the Netherlands and produce 3D printed meat products. Cooperation with restaurants and restaurants.
The company’s products include animal-free lamb and beef cuts, burgers, sausages, lamb kebabs and ground beef and are sold in 200 restaurants and establishments in Israel and Europe (including Michelin-starred restaurants). In July, Redifine Meat signed a deal with Israel-based hospitality company Selina to offer plant-based meat substitutes at more than 150 Selina locations in Tel Aviv and London.
The second largest investment ever raised by an Israeli food tech startup (announced as early as 2022) is $120 million for Remilk, an animal-free milk and dairy producer. According to the company, it uses a yeast-based fermentation process to produce milk proteins that are indistinguishable in taste and function from cow’s milk proteins, but are free of lactose, cholesterol and growth hormones.
The investment is the largest ever in a cow-free dairy company. Remilk has established production facilities in Europe and the United States, where it is working with major food companies, and in cooperation with regulators and Rabi authorities to verify and certify the product.
GFI said the significant growth in Israel’s alternative protein sector is a major round of investment in companies approaching the stage of commercialization, expanding their operations and targeting international markets.
“Israel continues to establish its global leadership in food technology innovation,” GFI Israel Innovation Director Aviv Oren said in a statement this week.
According to Oren, the “young and attractive” alternative protein industry offers an opportunity to repair the global food system while meeting food security and climate change goals, attracting scientists and entrepreneurs from different fields.
Similarly, Israel provides multidisciplinary research centers for domestic industry, technology transfer programs (from university labs to industry), research grants and training, and startups for processed meat, plant-based proteins, and fermentation technology.
“We need more researchers. This is extremely important because the field is built on academic research that requires government funding,” Nir Goldstein, managing director of GFI Israel, told The Times of Israel in January.
Earlier this year, GFI Israel published a report urging Israel to develop a national strategy to support the country’s growing food technology industry if it hopes to maintain its key role in the sector in the coming years.
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