Next-gen material companies investment global 2023

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 (in million U.S. dollars)

Characteristic	Annual investment in million U.S. dollars
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Release date

February 2024

More information

Region

Worldwide

Survey time period

December 31, 2023

Supplementary notes

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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