Investments in Spanish alternative protein companies saw a significant increase of 547% in 2024, reaching €64.7 million. With 41.8% of Spain’s agrifood tech startups now focusing on alternative proteins, the country has emerged as a key player in the industry. Plant-based retail sales in Spain also experienced growth, with €491 million in sales last year and one in five households purchasing plant-based meat at least once.

The report highlights Catalonia as a hub for alternative protein innovation, particularly with the establishment of Spain’s first public research center dedicated to alternative proteins. However, while Spain has the potential to become a leader in the field, GFI Europe suggests the need for a national R&D fund for alternative proteins and improved infrastructure to reduce production costs. By leveraging its scientific talent and business ecosystem, Spain could solidify its position as an economic and sustainable driver of innovation in the alternative protein market in Southern Europe.