Investment analysts caution against expectations of a robust recovery for food stocks in the new year.

The survey also identified key business challenges in the meat industry and market that influenced investment decisions.

Eric Weiner, partner at Lowenstein Sandler’s Emerging Companies & Venture Capital Group, said he is bullish about the food tech market in 2024.

Twelve-time NBA All-Star and two-time Olympic gold medalist Chris Paul, and three-time gold medalist and two-time world champion gymnast Aly Raisman have invested in the plant-based meat company. 

The company develops and manufactures specialty protein products under the brands Old Neighborhood, Waterhill Organics and Thin N’ Trim.

Heartwood Partners completed a majority investment in Bush Brothers Provision Co., a fifth-generation, family-owned meatpacking and distribution company located in Florida.

The company said that for Mosa to receive the certification, it was assessed on performance, accountability and transparency in their social and environmental impact.

The program, called BC next level, will increase the number of regions to five from three, establish a customer supply and development organization, and reduce the number of executive committee members to six from nine.

Specialty grocer Erewhon has made a strategic equity investment in Zuma Valley, a maker of products featuring coconut as a primary ingredient.

Joyful Ventures already has invested in two startups: Orbillion Bio and New School Foods.