According to the source, next-generation materials are made using various biomimicry techniques to create high-performance and sustainable alternatives to materials traditionally sourced from animals. In 2023, there was more than 540 million U.S. dollars invested into this industry.
Capital invested in next-generation material companies worldwide from 2015 to 2023
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Annual investment in million U.S. dollars
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The source defines next-gen materials as "livestock-free direct replacements for conventional animal-based leather, silk, fur, down, wool, and exotic skins,
using a variety of biomimicry approaches to replicate the aesthetics and performance of their animal-based counterparts."
Based on analysis of investment activities in companies included in the source's company database, based on data from primary research PitchBook.
Data is limited by publicly disclosed information. Since corporate R&D investment and other undisclosed deals are not included, the investment figures are underestimated.
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Material Innovation Initiative. (February 27, 2024). Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 20, 2024, from https://www.statista.com/statistics/1312238/next-gen-material-companies-investment/
Material Innovation Initiative. "Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) ." Chart. February 27, 2024. Statista. Accessed July 20, 2024. https://www.statista.com/statistics/1312238/next-gen-material-companies-investment/
Material Innovation Initiative. (2024). Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) . Statista. Statista Inc.. Accessed: July 20, 2024. https://www.statista.com/statistics/1312238/next-gen-material-companies-investment/
Material Innovation Initiative. "Capital Invested in Next-generation Material Companies Worldwide from 2015 to 2023 (in Million U.S. Dollars) ." Statista, Statista Inc., 27 Feb 2024, https://www.statista.com/statistics/1312238/next-gen-material-companies-investment/
Material Innovation Initiative, Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1312238/next-gen-material-companies-investment/ (last visited July 20, 2024)
Capital invested in next-generation material companies worldwide from 2015 to 2023 (in million U.S. dollars) [Graph], Material Innovation Initiative, February 27, 2024. [Online]. Available: https://www.statista.com/statistics/1312238/next-gen-material-companies-investment/
