PUBLISHER: The Business Research Company | PRODUCT CODE: 1751000
PUBLISHER: The Business Research Company | PRODUCT CODE: 1751000
Food technology (FoodTech) refers to the application of science and technology to improve food production, processing, preservation, and packaging. Its primary goal is to enhance food safety, quality, and sustainability while providing efficient and innovative solutions to meet global food demands. Food technology also focuses on developing new products, improving nutritional value, and reducing food waste.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main components of FoodTech include hardware, software, and services. Hardware refers to the physical elements of a computer system or electronic devices, such as monitors, keyboards, processors, hard drives, and motherboards. Food tech technology incorporates digital platforms, artificial intelligence, blockchain, the Internet of Things (IoT), and biotechnology. It serves various industries, including meat, fish, and seafood; fruits and vegetables; grains and oils; dairy products; beverages; bakery and confectionery; and others. Food technology finds applications in food science, kitchen and restaurant technologies, delivery systems, supply chains, and many other areas.
The food technology (FoodTech) market research report is one of a series of new reports from The Business Research Company that provides food technology (FoodTech) market statistics, including the food technology (FoodTech) industry global market size, regional shares, competitors with the food technology (FoodTech) market share, detailed food technology (FoodTech) market segments, market trends, and opportunities, and any further data you may need to thrive in the food technology (FoodTech) industry. This food technology (FoodTech) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The food technology (FoodTech) market size has grown rapidly in recent years. It will grow from$236.82 billion in 2024 to $265.59 billion in 2025 at a compound annual growth rate (CAGR) of 12.1%. The growth during the historic period can be attributed to the increasing demand for healthier ingredients, rising investments in food technology, growing population demands for a larger food supply, increasing awareness of food safety and environmental concerns, and the rise of plant-based and alternative proteins.
The food technology (FoodTech) market size is expected to see rapid growth in the next few years. It will grow to$417.77 billion in 2029 at a compound annual growth rate (CAGR) of 12.0%. This growth in the forecast period can be attributed to the growing popularity of plant-based diets, rising demand for personalized meals, the increasing adoption of plant-based diets, the rise of food delivery platforms, and the growing demand for processed and convenience foods. Key trends in the forecast period include innovation in food technology, advancements in food safety technologies, progress in food waste reduction technologies, smart kitchen technologies, and the ongoing digitization of the food industry.
The increasing popularity of online food delivery is expected to drive the growth of the food technology (FoodTech) market in the coming years. Online food delivery allows customers to order meals or groceries via a website or mobile application, with food being delivered directly to their location by restaurants, third-party services, or delivery platforms. The rise of online food delivery is driven by the demand for convenience and time-saving solutions, as consumers increasingly seek easy access to meals without disrupting their daily routines. Food technology enhances online food delivery by integrating advanced algorithms and automation, enabling seamless order processing and faster deliveries. It boosts efficiency with smart kitchen solutions and data-driven logistics, resulting in higher customer satisfaction. For example, in February 2025, the Australian Bureau of Statistics reported that seasonally adjusted online food sales reached $1,326.4 million, up from $1,225.9 million in 2024. As a result, the growing popularity of online food delivery is fueling the growth of the FoodTech market.
Companies in the FoodTech market are focusing on innovative solutions, such as artificial intelligence (AI)-powered recipe generators, to enhance personalization and improve customer engagement. AI-powered recipe generators are digital tools that leverage AI to create personalized recipes based on user preferences, dietary needs, and available ingredients. For instance, in November 2024, Zydus Wellness Limited, an India-based consumer wellness company, launched Nutralite Chef, an AI-powered FoodTech platform designed to simplify meal planning and recipe creation for urban consumers. This platform offers personalized recipe suggestions and meal plans based on available ingredients, dietary preferences, and caloric needs. It also supports voice and image-based searches for convenience, as well as step-by-step cooking guidance in multiple languages through WhatsApp and web interfaces, ensuring an accessible and ad-free user experience.
In November 2024, Tate & Lyle Public Limited Company, a UK-based food and beverage ingredients manufacturer, acquired CP Kelco ApS from J.M. Huber Corporation for $1.8 billion. This acquisition significantly enhanced Tate & Lyle's portfolio by incorporating CP Kelco's expertise in pectin, specialty gums, and other nature-based ingredients, solidifying its position as a global leader in healthy, sustainable food and beverage solutions. CP Kelco ApS, based in Denmark, specializes in nature-based hydrocolloids and fermentation-derived ingredients for the FoodTech sector.
Major players in the food technology (FoodTech) market are DoorDash Inc., Delivery Hero SE, HelloFresh SE, Domino's Pizza Inc., Tate & Lyle Public Limited Company, Swiggy Ltd., Grubhub Inc., BOX8, Apeel Technology Inc., Rebel Foods Private Limited, Foods for Tomorrow S.L, Eat24Hours.com Inc, Nature's Fynd Inc., Lunchbox Technologies Inc., Chef Robotics, Flytrex Inc., Carlisle Technology, Miso Robotics Inc, TurtleTree, Cubiq Foods S.L.
Asia-Pacific was the largest region in the food technology (FoodTech) market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in food technology (FoodTech) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the food technology (FoodTech) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The food technology (FoodTech) market consists of revenues earned by entities by providing services such as food delivery services, meal kit subscription services, online grocery shopping, food waste reduction services, personalized nutrition services, food safety and quality control services. The market value includes the value of related goods sold by the service provider or included within the service offering. The food technology (FoodTech) market also includes sales of plant-based meat alternatives, lab-grown meat, vertical farms, food waste reduction apps, three-dimensional (3D)-printed food, functional foods, and supplements. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Food Technology (FoodTech) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on food technology (foodtech) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for food technology (foodtech) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The food technology (foodtech) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.