The Signal: Funding in the alternative protein space hit an all-time high of $3.1B in 2020.

Plant-based proteins have been leading the race, with a 70% ($2.1B+) share of the year’s capital. 

US retail sales of plant-based foods have climbed 43% over the last 2 years. They’ve outpaced total food sales by ~2.5x. Meanwhile, the global meat supply chain is expected to record a loss of $20B+ for 2020.