Foodtech Market Scope
FoodTech is the intersection between food and technology; the application of technology to improve agriculture and food production, the supply chain and the distribution channel
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Zomato (India), Swiggy(India), AMAZON (United States), IMPOSSIBLE FOODS (United States), Delivery Hero (Germany), Picnic (Netherlands), Wolt (Finland), HelloFresh (Germany), Foodpanda (Germany), REBEL FOODS (India), Uber Eats (United States), Tripadvisor (United States), TheFork (France), Ocado (United Kingdom), Oda (Norway) and Others |
CAGR | 8.0% |
The market is expected to grow in the food industry. It has wide applications for online food delivery. Several companies such as uber eats, TripAdvisor are operating in the market to provide customers better offer with various features & unique offerings. The market is a partially fragmented market with the presence of several market players and local players. The demand for the market is huge due to huge demand from customer end for online ordering that is triggering the market growth over the forecast period Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Foodtech market throughout the predicted period.
Zomato (India), Swiggy(India), AMAZON (United States), IMPOSSIBLE FOODS (United States), Delivery Hero (Germany), Picnic (Netherlands), Wolt (Finland), HelloFresh (Germany), Foodpanda (Germany), REBEL FOODS (India), Uber Eats (United States), Tripadvisor (United States), TheFork (France), Ocado (United Kingdom), Oda (Norway) and Others are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Foodtech market by Type and Region with country level break-up.
On the basis of geography, the market of Foodtech has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2023, Ripple launched pea-based milk with oat cream. This new product combines the benefits of pea milk and oat milk for a creamy and sustainable option.
Influencing Trend:
Changing consumer behavior has led to a massive rise of Cloud Kitchens
Market Growth Drivers:
Huge demand for online food delivery
Challenges:
Lack of data security
Restraints:
The seasonal food spoil quicker and easier
Opportunities:
With increasing internet penetration, expanding reach in small tiers, and availability of multiple food options, the food tech industry is witnessing an increase in the number of subscription
Key Target Audience
Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry