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The food processing industry includes 11 unicorn startups. These companies are changing how food is made and sold around the world.
Impossible Foods leads the group with a $7 billion valuation for its plant-based meat. Others like NotCo use artificial intelligence to create new food from plants.
Below is the full list of 11 Food Processing unicorn startups at this time.
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Get the Sheet for $50Impossible Foods develops plant-based substitutes for meat products, aiming to create a more sustainable food system. They are widely recognized for the Impossible Burger, which is crafted to replicate the experience of cooking and eating traditional ground beef.
Gousto delivers a subscription meal-kit service with pre-portioned ingredients for a wide variety of home-cooked meals. Their platform uses AI and automation to provide a highly personalized menu with extensive weekly choices.
Perfect Day produces dairy proteins that are nutritionally identical to those from cow's milk, but made without any animals. Their animal-free whey protein is used by food companies to create more sustainable versions of products like ice cream, cheese, and milk.
NotCo uses artificial intelligence to create plant-based alternatives to animal products, including milk, meat, and mayonnaise. Their technology analyzes foods at a molecular level to replicate their taste and texture using only plant-based ingredients.
Naixuecha operates a popular chain of modern teahouses pairing premium fruit teas with freshly baked soft-euro bread. They pioneered the "tea and bake" model in China, creating a new standard for the modern tea-drinking experience.
Rebel Foods operates a global network of cloud kitchens, building and scaling a portfolio of digital-only food brands. Their internet restaurant model enables them to deliver a wide variety of cuisines directly to customers on demand.
UPSIDE Foods develops and produces cultured meat, poultry, and seafood grown directly from animal cells. They are pioneering a more sustainable way to enjoy meat without the need to raise and slaughter animals.
Eat Just develops and markets plant-based alternatives to conventionally produced food products. They are best known for their popular egg substitute, JUST Egg, which is made entirely from plants.
Zihaiguo creates self-heating hot pot meals that package the traditional dining experience into a convenient format. They are recognized for making the popular dish accessible, allowing people to enjoy it anywhere without needing a kitchen.
Nature's Fynd creates a nutritional vegan protein from a microbe originally discovered in a volcanic spring. They use this unique ingredient, called Fy, to produce a range of sustainable, animal-free foods like dairy-free cream cheese and meatless breakfast patties.
The ten most valuable companies are just a piece of the larger picture in food processing. The industry's reach is global, with the final company on our list coming from China.
It has raised over $348 million to reach its billion dollar status. Here’s a look at the last food processing unicorn shaping the industry.
| Unicorn Startup | Country | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
| China | 2012 | $348.7M | $1B |
