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Beyond the meat continues to reign as one of the kings of the Mountain IPO this year, and Impossible Foods offers an incredibly good number to Burger King, venture capitalists seem ready to feast on new food deals.
And judging by the size of the market and the returns that some companies have already achieved by targeting the dairy aisle, the next big wave in food technology might come with a puff of pie. Meat substitutes and farmed meat may be front page news, but a wave of early-stage companies are considering the dairy sector as an important next step.
The size of the check that Danone wrote for WhiteWave Foods is not that old. This payment of more than $ 10 billion for WhiteWave's dairy substitutes was one of the largest acquisitions in the new food space. And consumers spent $ 61.9 billion on cheese in 2018 – a figure that is expected to reach $ 99.4 billion by 2024, according to data just released by the iMarc research group.
But before determining which venture capitalists will move the cheese (or cut it), it is useful to look at what is currently driving the latest craze in the foodservice industry.
Venture capital companies' interest in the food industry remains high as major IPOs have performed better
Investors have long been considering a part of the food sector for the simple reason that this sector, along with health care, is one of the largest sectors in the world. According to data from the Bureau of Labor Statistics, US consumers, businesses and government services will unlock $ 1.62 trillion in the gigantic joke of companies in the food and beverage industry. (as noted by CNBC).
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