Food Tech Market Growth, Forecast, Overview and Key Companies Analysis by 2028

The global food tech market is expected to reach a value of USD 342.52 Billion by 2027, according to recent analysis by Emergen Research. This growth can be attributed to increasing adoption of advanced technologies in food processing techniques for improving food safety and efficiency of production processes. Food processing companies are increasingly investing in adoption and deployment of robotics and automation across processes in the food industry. This is resulting in more hygienic processes, faster production, and higher capacity output. In addition, increasing availability of fresh products and improved visibility through online channels, is resulting is rising demand and consumption, which is driving growth of the food-tech market. Food industries are investing significantly in automation and digitalization in order to meet growing demand for food due to the rapid population growth. Moreover, rising demand for healthier, cheaper, and safer and more hygienic food products is driving market growth.

The latest report provides detailed insights into Food Tech market trends, industry trends, consumer trends, market size, market share, market growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Food Tech market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Food Tech market growth is driven by a variety of factors and trends, primary of which include rising focus by major companies on product/service expansion into new and untapped domestic Food Tech markets, rising investments in strategic agreements, and rising competition in the market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is a major trend in an increasing number of developing economies. In addition, availability of favorable government policies and steady economic growth across various regions and countries is resulting in an increasing number of players focusing on leveraging opportunities to drive visibility and increase revenue and profits.

Top key vendors in Food Tech Market include are:

Amazon,

Apeel Sciences,

McCormick Company,

Delivery Hero,

DoorDash,

Domino’s Pizza Inc.,

Goodr,

Pizza Hut International,

McDonald’s Corporation and

Grubhub.

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

Technology type Outlook (Revenue, USD Billion; 2020–2027)

Mobile App
Websites

Service type Outlook (Revenue, USD Billion; 2020–2027)

Online Food delivery
Online Grocery delivery
OTT Convenience Services

Product type Outlook (Revenue, USD Billion; 2020–2027)

Meat
Fruit and Vegetables
Fish
Bread and Cereals
Dairy
Other food products

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Food Tech Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Food Tech industry

North America Food Tech market growth registered a significant incline in 2020 and this is having major impact on market growth of other major regions. In addition, North America Food Tech market growth is expected to continue to remain dominant over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall Food Tech market trends, and this is expected to continue to support market growth in North America.

Asia Pacific Food Tech market growth is expected to register a rapid rate in terms of revenue as compared to other regional markets over the forecast period. China, India, and South Korea accounted for significantly robust Food Tech market growth in 2020, and the trend is expected to continue over the forecast period. Factors such as increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries is driving Food Tech market growth in Asia Pacific.

Europe Food Tech market growth and revenue expansion is expected to remain steady over the forecast period. This can be attributed to robust focus on research and development initiatives by major firms and changing Food Tech market trends in countries in other major regions.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/464

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Food Tech industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Food Tech market across different regions?
Who are the major driving forces expected to decide the fate of the Food Tech industry worldwide?
Who are the prominent market players making a mark in the Food Tech market with their winning strategies?
Which Food Tech industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Food Tech market?

Table of Content

Chapter 1. Methodology Sources

1.1. Food Tech Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Food Tech Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2021-2028