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TRENOS SiGINT: FoodTech 500 2025 & The Survivors of the Protein Reset
The 2025 FoodTech 500 confirms a structural correction across NextGen food. Downstream food brands reliant on consumer persuasion are contracting, while upstream platforms like fermentation, biotech, and infrastructure, are consolidating power. Next-Gen Food & Drinks fell to ~23.6% of FoodTech 500 finalists. Capital efficiency, not mission messaging, is now the dominant selection pressure.
Scott Mathias
9 hours ago2 min read
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