Statistics on Money Invested in the Food Industry
We were able to find four US-based statistics on investments in the food industry in 2018 or 2019 from reputable sources such as CNBC and Pitchbook. They include investment statistics in food and grocery delivery services, food tech industry, agrifood tech sector, and food manufacturing plants. The sources provided very few details outside of the statistics. Below are details of the findings.
Recent US Food Industry Investments
Within the first ten months of 2018, $3.5 billion was invested in food and grocery delivery services by VC firms. It was over three times the investments made throughout 2017.
VC firms invested over $1.3 billion in the food tech industry within the first five months of 2018, compared to around a total of $1.5 billion in investments for both 2016 and 2017. Also, there were over 100 VC deals in the food tech industry in 2018, roughly equal to the total number of deals for 2016 and 2017.
Startups in the agrifood tech sector raised $16.9 billion in investments in 2018, a 43% increase from 2017.
Capital investment in food plants by manufacturers increased by 2% in 2018. The biggest investments were in “plant-based meats, French fries and pet foods”. The companies with the ten top investments are as follows:
Nestle Purina Petcare: $320 million
Prestage Foods: $300 million
Tyson Foods: $300 million
Lamb Weston Holdings: $250 million
Haribo: $242 million
HP Hood: $200 million
J.M. Smucker Co.: $200 million
Champion Pet Foods: $178 million
Cargill: $146 million
Southwest Cheese Co.: $140 million