U.S. plant-based meat, egg, and dairy companies received more than $747 million in investments in 2019, according to research from The Good Food Institute. This is the most capital raised in any single year in the history of the plant-based food industry.
“This record-level investment will bolster the industry and support continued growth and innovation for the long term, ensuring that alternative protein companies have the resources to grow and thrive, particularly during times of short-term market volatility,” said GFI associate director of corporate engagement Caroline Bushnell, in a statement. “The COVID-19 crisis has made bolstering our global protein supply more critical than ever, given the inherent—and now very apparent—vulnerability of supply chains dependent on industrial animal agriculture.”
Related: Hälsa Begins Dairy-to-Oat Conversion Pilot; Impossible Burger Comes to Kroger Locations.
from Industry Operations https://ift.tt/2T6EQCL
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