FoodTech 500: Plant-Based Companies Lead the Way in Forward Fooding’s Annual List of Food Innovators

Food tech consultancy Forward Fooding has released its 2023 FoodTech 500 list, with a strong representation of plant-based companies. US mycelium fermentation startup Nature’s Fynd topped the list, showcasing the innovation in the plant-based sector. The list also included other alternative protein startups, highlighting the growth and potential in this space.

The ranking combines scores based on business size, digital footprint, and sustainability with a focus on sustainable development goals. The industry is seeing growth in ag biotech, farm management, and precision farming, as well as alternative protein technologies. The importance of female leadership in the food tech sector is noted, with an increasing number of female-founded businesses making it onto the list. Looking ahead, challenges include the need for patient capital and a focus on building cash-positive businesses to make the food system more sustainable and resilient.