Food Tech Market is expected to be valued at USD 342.52 Billion in 2027 from USD 220.32 Billion in 2019, registering a CAGR of 6.0% through the forecast period.
The exponential growth of the market can be accredited to the escalating adoption of upgraded technologies in food processing techniques to augment food safety and efficacy of production techniques. Additionally, food processing companies are also heavily investing in the adoption and extensive deployment of robotic systems and automation across several processes in the food industry, thereby propelling the industry’s growth.
The escalating advancement and automation across the industry are leading to the generation of hygienic processes, increased production, and higher output capacity. Moreover, the increased availability of fresh products and enhanced visibility through online portals is boosting market demand and consumption
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Prominent players in the market include McCormick & Company, Amazon, Grubhub Apeel Sciences, Delivery Hero, Pizza Hut International, DoorDash, Domino’s Pizza Inc., McDonald’s Corporation, and Goodr.
North America occupied the largest share of the industry in terms of revenue in 2019. The regional growth can be accredited to the rising adoption of robotics and automation in food processing techniques in the industry.
E-commerce giant Amazon, in May 2020, introduced the company’s online food delivery system, Amazon Food, in Bengaluru, India. The strategic plan is predicted to bolster the company’s place in the online food delivery market and gain a robust footing against food delivery giants Zomato and Swiggy in India.
The global Food Tech market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Food Tech market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Food Tech market.
Technology Type Outlook (Revenue, USD Billion; 2017–2027)
Service Type Outlook (Revenue, USD Billion; 2017–2027)
Product Type Outlook (Revenue, USD Billion; 2017–2027)
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Table of Content
Chapter 1. Methodology & Sources
1.1. 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. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Food Tech Market Segmentation & Impact Analysis
4.1. Food Tech Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for quick and convenient food and grocery delivery
4.2.2.2. Increasing adoption of eCommerce channels
4.2.2.3. Robotisation of the production processes
4.2.3. Market restraints analysis
4.2.3.1. Intense competitiveness among the food-tech startups in developing economies
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continue…!
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