APAC: Investments in Innovative Food Make “Remarkable Recovery” in 2024, Increasing by 85%

The Asia-Pacific AgriFoodTech report by AgFunder shows a notable recovery in innovative food investments in 2024, with a significant 85% increase compared to 2023. $204 million was raised by innovative food companies in the region, with 59 deals made between January and October. While this is positive progress, investments are still lower than the peak in 2021. Overall, the Asia-Pacific agrifoodtech sector has seen a considerable increase, reaching $4.2 billion in funding, accounting for 31% of global agrifoodtech funding.

Seed-stage deals have increased in funding totals, while Series A and C deals have increased in both size and number. Novel farming systems, such as indoor farms and aquaculture, have also experienced a modest increase in investments. India leads in funding raised, overtaking China, with South Asia showing over 100% growth compared to the previous year. The report describes the recovery in agrifoodtech funding in APAC as "remarkable," showcasing the region's growth and potential in the industry.