Israel leads the world in investment in alternative vegetable proteins

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 Israel leads the world in investment in alternative vegetable proteins

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Israel's Good Food Institute reports that Israel leads the world in investment in plant-based alternative proteins, second only to the United States in money invested in the alternative protein industry as a whole.

By the end of June, about $320 million had been invested in start-ups and alternative protein companies, compared to $857 million in the United States.

More than $160 million had been invested in Israel's plant development initiatives, which is equivalent to 22% of the world's total, enough to slightly outperform the US in this sector.

For fermented proteins, which use micro-organisms such as bacteria and fungi, Israel is second only to the US, receiving 38% of the world x investment in this area.

However, the US is far ahead of all its competitors in cultured foods, which harvest animal cells and then grow them to create alternative meat and dairy products.

China came in third with $120 million, followed by Singapore ($104 million) and France ($96 million). These three countries are exclusively or predominantly involved in plant-based protein alternatives.

According to GFI, total investment in alternative protein in June was about $1.7 billion, with 18% of that coming from Israel.

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