Canada’s Foodtech Report: Is Canada Ready to Compete in the Global Foodtech Race?
The Canadian Food Innovation Network (CFIN) has released its Foodtech in Canada 2025 Ecosystem Report, offering insights into investment trends, sector strengths, and challenges in Canada’s food technology sector from 2014 to 2024. Canada’s agrifoodtech sector attracted $4.1 billion CAD in investment over the past decade, with $2.3 billion CAD directed to food technology projects. The sector has grown at an 8.4% compound annual growth rate (CAGR), surpassing the global average decline of -2.6%. However, venture capital investment in Canadian foodtech lags behind other countries, with only 40% of funding rounds backed by VC, compared to 60% in the UK and US. Instead, government grants play a larger role, representing 30% of Canadian foodtech funding rounds, compared to just 5% in the UK and 8% …
