09 May Spain’s foodtech sector booms despite reduced global investment in 2022

Spain’s foodtech sector is thriving, best to grab a bite!

As reported in Food Matters Live, a leading media platform for the food industry, €268 million was invested in 2022, a 9.38% growth in the past year, according to ICEX Invest in Spain.

The country’s innovation in foodtech comes as no surprise, considering its position as the third-largest global exporter of fruit and vegetables and a leading producer of olive oil. Start-ups in Spain focus on areas such as alternative proteins, animal-free proteins, functional ingredients, and agrifood technology.

With over 400 start-ups, Spain has a strong ecosystem supported by specialized universities, technological centers, research parks, and innovation clusters. Incubators, accelerators, and innovation hubs are also driving growth.

Major companies are supporting agrifood-tech through open innovation programs, while government agencies are launching initiatives to boost the sector’s internationalization. Investment has been instrumental in the success of Spanish start-ups, with notable rounds raised by national and international investors.

Exciting opportunities await, and our Senior Consultants are well positioned to support your growth in Europe. Speak to us today to find out more.

Click here to view the original news article.
Follow us and stay updated with the latest news through our LinkedIn Page too: NAOS International