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PUBLISHER: TechSci Research | PRODUCT CODE: 1171652

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PUBLISHER: TechSci Research | PRODUCT CODE: 1171652

Food Tech Market- Global Industry Size, Share, Trends, Competition Forecast and Opportunities, 2018-2028F Segmented By Technology Type, By Service Type, By Region

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  • The global food tech market is anticipated to register an impressive CAGR during the forecast period. Food technology or online delivery platforms, as well as internet kitchens, are seeing prospects for expansion as a result of how local restaurant food is sourced and disseminated. Due to this development in food technology or online delivery platforms, there are several prospects for restaurants in the online meal ordering sector. The global online food delivery market size was estimated at USD 189.70 billion in 2021.

    Today's consumers prefer placing their orders for their favorite meals through online platforms, which offer a limitless selection of eateries. Additionally, customers can choose, customize, and order food from restaurants based on ratings and reviews.

    The food technology market is expanding more quickly because of the increased accessibility of online food delivery platforms. Due to the rise in smartphone and internet usage, food technology web platforms are becoming increasingly popular with consumers.

    These platforms for food technology assist restaurants in expanding their consumer base, increasing revenue, and better utilizing their resources. The listing platform for food technology aids restaurants in spreading the word about their enterprise. Due to their high standard of living and changing way of life, customers rely heavily on services that save them time while also providing convenience.

    Food delivery trends have undergone a significant transformation, notably in the manner that many chains of restaurants and restaurants generate revenue. An emerging way to make money is to advertise food technology apps like those for online grocery shopping and online food ordering.

    The food technology businesses provide restaurants with high consumer traffic in exchange for a transaction charge when customers use the restaurants' applications to order meals online. This helps the food technology companies raise their revenue.

    Increasing Internet Penetration Fuels the Market Growth

    The market for food technology is expanding primarily because of the increased use of smartphones and internet penetration. Around 69% of the world's population, or 4.9 billion people, are active on the internet as of 2022. Additionally, culinary technologies are employed as platforms for online meal delivery, which aid eateries in expanding their clientele and generating more revenue. This is one thing causing the food technology market to grow.

    Focus on Food Safety Propels the Market Growth

    Food safety is not a new trend, but there has been a growing emphasis on keeping up with its various aspects, such as labeling and traceability. The food business is experiencing a growing trend of rapid digitization, which has increased the importance of traceability and improved transparency throughout the supply chain. The necessity for better change monitoring and speedy decision-making to address issues like health concerns has increased due to the supply chain network's rapid expansion, which has sped up the adoption of blockchain technology. Additionally, food businesses must abide by the Food and Drug Administration (FDA) new rules regarding meat usage restrictions, shelf-life labeling, and the definition of healthy or natural food.

    Innovative Offerings Fuels Market Growth

    Companies are focusing on new technologies to provide convenience to consumers when ordering. For instance, Domino's Pizza, Inc. is an American pizza restaurant franchise with locations worldwide. In 2021, Domino's Pizza earned around USD4.36 billion in revenue globally. Domino's has incorporated cutting-edge delivery methods for its consumers over the years. The business uses advanced technologies, including voice automation, autonomous delivery, GPS driver tracking, and others. The company was able to position itself as a pioneer in the food technology sector due to advances in the technologies it employed. The corporation established a solid foothold in the industry owing to Domino's tracker, text and Twitter ordering, wristwatch ordering, and these other methods. Also, Delivery Hero SE is a worldwide European online meal delivery service that is based in Germany and serves customers in over 40 nations throughout Europe, Asia, Latin America, and the Middle East. Delivery Hero has broadened the scope of its services to include speedy commerce services that can complete minor orders in under an hour. Also, Delivery Hero raises sales by 52% year over year and makes progress toward profitability in the first quarter of 2022. The business advertises delivery services on its website or mobile app to make it simple and convenient for clients to find their favorite cuisine wherever they are.

    Market Segmentation

    The global food tech market is segmented into technology type, service type, and region. Based on technology, the market is segmented into mobile apps and websites. Based on service type, the market is segmented into online food aggregators, online grocery delivery, OTT & convenience services.

    Company Profile

    Foodpanda, Domino's Pizza Inc., Doordash Inc., Grubhub Holdings Inc., Goodr, Inc., McDonald's Corporation, Pizza Hut International, Zomato Limited, Delivery Hero Holding GmbH, Inc., Roofoods Ltd are the major market players in global food tech market.

    Report Scope

    In this report, the Global Food Tech Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

    Food Tech Market, By Technology Type:

    • Mobile App
    • Website

    Food Tech Market, By Service Type:

    • Online Food Aggregators
    • Online Grocery Delivery
    • OTT & Convenience Services

    Food Tech Market, By Region:

    • North America
      • The United States
      • Canada
      • Mexico
    • Europe
      • Russia
      • France
      • The United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • Indonesia
      • Vietnam
    • Middle East & Africa
      • Saudi Arabia
      • Egypt
      • UAE
      • Turkey
    • South America
      • Brazil
      • Argentina
      • Colombia

    Competitive Landscape

    Company Profiles: Detailed analysis of the major companies present in the global food tech market.

    Available Customizations

    With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

    Company Information

    • Detailed analysis and profiling of additional market players (up to five).
    Product Code: 14208

    Table of Contents

    1. Introduction

    • 1.1. Service Overview
    • 1.2. Key Highlights of the Report
    • 1.3. Market Coverage
    • 1.4. Market Segments Covered
    • 1.5. Research Tenure Considered

    2. Research Methodology

    • 2.1. Objective of the Study
    • 2.2. Baseline Methodology
    • 2.3. Key Industry Partners
    • 2.4. Major Association and Secondary Sources
    • 2.5. Forecasting Methodology
    • 2.6. Data Triangulation & Validation
    • 2.7. Assumptions and Limitations

    3. Executive Summary

    • 3.1. Market Overview
    • 3.2. Market Forecast
    • 3.3. Key Regions
    • 3.4. Key Segments

    4. Voice of Customer Analysis (B2C Model Analysis)

    • 4.1. Sample Size Determination
    • 4.2. Respondent Demographics
      • 4.2.1. By Gender
      • 4.2.2. By Age
      • 4.2.3. By Occupation
    • 4.3. Brand Awareness
    • 4.4. Frequency of Usage
    • 4.5. Factors Influencing Purchase Decision
    • 4.6. Challenges Faced Post Purchase

    5. Global Food Tech Market Outlook

    • 5.1. Market Size & Forecast
      • 5.1.1. By Value
    • 5.2. Market Share & Forecast
      • 5.2.1. By Technology Type Market Share Analysis (Mobile App, Website)
      • 5.2.2. By Service Type Market Share Analysis (Online Food Aggregators, Online Grocery Delivery, OTT & Convenience Services)
      • 5.2.3. By Regional Market Share Analysis
        • 5.2.3.1. North America Market Analysis
        • 5.2.3.2. South America Market Analysis
        • 5.2.3.3. Middle East & Africa Market Analysis
        • 5.2.3.4. Europe Market Analysis
        • 5.2.3.5. Asia -Pacific Market Analysis
      • 5.2.4. By Company Market Share Analysis
    • 5.3. Global Food Tech Market Mapping & Opportunity Assessment
      • 5.3.1. By Technology Type Market Mapping & Opportunity Assessment
      • 5.3.2. By Service Type Market Mapping & Opportunity Assessment
      • 5.3.3. By Regional Market Mapping & Opportunity Assessment

    6. Asia-Pacific Food Tech Market Outlook

    • 6.1. Market Size & Forecast
      • 6.1.1. By Value
    • 6.2. Market Share & Forecast
      • 6.2.1. By Technology Type Market Share Analysis
      • 6.2.2. By Service Type Market Share Analysis
      • 6.2.3. By Country
        • 6.2.3.1. China Food Tech Market Outlook
          • 6.2.3.1.1. Market Size & Forecast
          • 6.2.3.1.1.1. By Value
          • 6.2.3.1.2. Market Share & Forecast
          • 6.2.3.1.2.1. By Technology Type Market Share Analysis
          • 6.2.3.1.2.2. By Service Type Market Share Analysis
        • 6.2.3.2. Japan Food Tech Market Outlook
          • 6.2.3.2.1. Market Size & Forecast
          • 6.2.3.2.1.1. By Value
          • 6.2.3.2.2. Market Share & Forecast
          • 6.2.3.2.2.1. By Technology Type Market Share Analysis
          • 6.2.3.2.2.2. By Service Type Market Share Analysis
        • 6.2.3.3. India Food Tech Market Outlook
          • 6.2.3.3.1. Market Size & Forecast
          • 6.2.3.3.1.1. By Value
          • 6.2.3.3.2. Market Share & Forecast
          • 6.2.3.3.2.1. By Technology Type Market Share Analysis
          • 6.2.3.3.2.2. By Service Type Market Share Analysis
        • 6.2.3.4. Indonesia Food Tech Market Outlook
          • 6.2.3.4.1. Market Size & Forecast
          • 6.2.3.4.1.1. By Value
          • 6.2.3.4.2. Market Share & Forecast
          • 6.2.3.4.2.1. By Technology Type Market Share Analysis
          • 6.2.3.4.2.2. By Service Type Market Share Analysis
        • 6.2.3.5. Vietnam Food Tech Market Outlook
          • 6.2.3.5.1. Market Size & Forecast
          • 6.2.3.5.1.1. By Value
          • 6.2.3.5.2. Market Share & Forecast
          • 6.2.3.5.2.1. By Technology Type Market Share Analysis
          • 6.2.3.5.2.2. By Service Type Market Share Analysis

    7. North America Food Tech Market Outlook

    • 7.1. Market Size & Forecast
      • 7.1.1. By Value
    • 7.2. Market Share & Forecast
      • 7.2.1. By Technology Type Market Share Analysis
      • 7.2.2. By Service Type Market Share Analysis
      • 7.2.3. By Country
        • 7.2.3.1. United States Food Tech Market Outlook
          • 7.2.3.1.1. Market Size & Forecast
          • 7.2.3.1.1.1. By Value
          • 7.2.3.1.2. Market Share & Forecast
          • 7.2.3.1.2.1. By Technology Type Market Share Analysis
          • 7.2.3.1.2.2. By Service Type Market Share Analysis
        • 7.2.3.2. Canada Food Tech Market Outlook
          • 7.2.3.2.1. Market Size & Forecast
          • 7.2.3.2.1.1. By Value
          • 7.2.3.2.2. Market Share & Forecast
          • 7.2.3.2.2.1. By Technology Type Market Share Analysis
          • 7.2.3.2.2.2. By Service Type Market Share Analysis
        • 7.2.3.3. Mexico Food Tech Market Outlook
          • 7.2.3.3.1. Market Size & Forecast
          • 7.2.3.3.1.1. By Value
          • 7.2.3.3.2. Market Share & Forecast
          • 7.2.3.3.2.1. By Technology Type Market Share Analysis
          • 7.2.3.3.2.2. By Service Type Market Share Analysis

    8. Europe Food Tech Market Outlook

    • 8.1. Market Size & Forecast
      • 8.1.1. By Value
    • 8.2. Market Share & Forecast
      • 8.2.1. By Technology Type Market Share Analysis
      • 8.2.2. By Service Type Market Share Analysis
      • 8.2.3. By Country
        • 8.2.3.1. Russia Food Tech Market Outlook
          • 8.2.3.1.1. Market Size & Forecast
          • 8.2.3.1.1.1. By Value
          • 8.2.3.1.2. Market Share & Forecast
          • 8.2.3.1.2.1. By Technology Type Market Share Analysis
          • 8.2.3.1.2.2. By Service Type Market Share Analysis
        • 8.2.3.2. Italy Food Tech Market Outlook
          • 8.2.3.2.1. Market Size & Forecast
          • 8.2.3.2.1.1. By Value
          • 8.2.3.2.2. Market Share & Forecast
          • 8.2.3.2.2.1. By Technology Type Market Share Analysis
          • 8.2.3.2.2.2. By Service Type Market Share Analysis
        • 8.2.3.3. France Food Tech Market Outlook
          • 8.2.3.3.1. Market Size & Forecast
          • 8.2.3.3.1.1. By Value
          • 8.2.3.3.2. Market Share & Forecast
          • 8.2.3.3.2.1. By Technology Type Market Share Analysis
          • 8.2.3.3.2.2. By Service Type Market Share Analysis
        • 8.2.3.4. Spain Food Tech Market Outlook
          • 8.2.3.4.1. Market Size & Forecast
          • 8.2.3.4.1.1. By Value
          • 8.2.3.4.2. Market Share & Forecast
          • 8.2.3.4.2.1. By Technology Type Market Share Analysis
          • 8.2.3.4.2.2. By Service Type Market Share Analysis
        • 8.2.3.5. United Kingdom Food Tech Market Outlook
          • 8.2.3.5.1. Market Size & Forecast
          • 8.2.3.5.1.1. By Value
          • 8.2.3.5.2. Market Share & Forecast
          • 8.2.3.5.2.1. By Technology Type Market Share Analysis
          • 8.2.3.5.2.2. By Service Type Market Share Analysis

    9. Middle East & Africa Food Tech Market Outlook

    • 9.1. Market Size & Forecast
      • 9.1.1. By Value
    • 9.2. Market Share & Forecast
      • 9.2.1. By Technology Type Market Share Analysis
      • 9.2.2. By Service Type Market Share Analysis
      • 9.2.3. By Country
        • 9.2.3.1. Saudi Arabia Food Tech Market Outlook
          • 9.2.3.1.1. Market Size & Forecast
          • 9.2.3.1.1.1. By Value
          • 9.2.3.1.2. Market Share & Forecast
          • 9.2.3.1.2.1. By Technology Type Market Share Analysis
          • 9.2.3.1.2.2. By Service Type Market Share Analysis
        • 9.2.3.2. Egypt Food Tech Market Outlook
          • 9.2.3.2.1. Market Size & Forecast
          • 9.2.3.2.1.1. By Value
          • 9.2.3.2.2. Market Share & Forecast
          • 9.2.3.2.2.1. By Technology Type Market Share Analysis
          • 9.2.3.2.2.2. By Service Type Market Share Analysis
        • 9.2.3.3. UAE Food Tech Market Outlook
          • 9.2.3.3.1. Market Size & Forecast
          • 9.2.3.3.1.1. By Value
          • 9.2.3.3.2. Market Share & Forecast
          • 9.2.3.3.2.1. By Technology Type Market Share Analysis
          • 9.2.3.3.2.2. By Service Type Market Share Analysis
        • 9.2.3.4. Turkey Food Tech Market Outlook
          • 9.2.3.4.1. Market Size & Forecast
          • 9.2.3.4.1.1. By Value
          • 9.2.3.4.2. Market Share & Forecast
          • 9.2.3.4.2.1. By Technology Type Market Share Analysis
          • 9.2.3.4.2.2. By Service Type Market Share Analysis

    10. South America Food Tech Market Outlook

    • 10.1. Market Size & Forecast
      • 10.1.1. By Value
    • 10.2. Market Share & Forecast
      • 10.2.1. By Technology Type Market Share Analysis
      • 10.2.2. By Service Type Market Share Analysis
      • 10.2.3. By Country
        • 10.2.3.1. Brazil Food Tech Market Outlook
          • 10.2.3.1.1. Market Size & Forecast
          • 10.2.3.1.1.1. By Value
          • 10.2.3.1.2. Market Share & Forecast
          • 10.2.3.1.2.1. By Technology Type Market Share Analysis
          • 10.2.3.1.2.2. By Service Type Market Share Analysis
        • 10.2.3.2. Argentina Food Tech Market Outlook
          • 10.2.3.2.1. Market Size & Forecast
          • 10.2.3.2.1.1. By Value
          • 10.2.3.2.2. Market Share & Forecast
          • 10.2.3.2.2.1. By Technology Type Market Share Analysis
          • 10.2.3.2.2.2. By Service Type Market Share Analysis
        • 10.2.3.3. Colombia Food Tech Market Outlook
          • 10.2.3.3.1. Market Size & Forecast
          • 10.2.3.3.1.1. By Value
          • 10.2.3.3.2. Market Share & Forecast
          • 10.2.3.3.2.1. By Technology Type Market Share Analysis
          • 10.2.3.3.2.2. By Service Type Market Share Analysis

    11. Market Dynamics

    • 11.1. Drivers
      • 11.1.1. Increasing Internet Penetration
      • 11.1.2. Focuses on Food Safety
      • 11.1.3. Innovative Offerings
    • 11.2. Challenges
      • 11.2.1. Delivery Fees
      • 11.2.2. Long Delivery Period
      • 11.2.3. Low Quality of Packaged Food

    12. Impact of COVID-19 on Global Food Tech Market

    • 12.1. Impact Assessment Model
      • 12.1.1. Key Segments Impacted
      • 12.1.2. Key Regions Impacted
      • 12.1.3. Key Countries Impacted
      • 12.1.4. Key Distribution Channel Impacted

    13. Market Trends & Developments

    • 13.1. Expanding Food Delivery Services
    • 13.2. Multiple Payment Options
    • 13.3. Consumer Preference for Healthier Food
    • 13.4. Adopting Buy Now Pay Later Model
    • 13.5. Increased Demand from Middle East & African Countries

    14. SWOT Analysis

    • 14.1. Strengths
    • 14.2. Weaknesses
    • 14.3. Opportunities
    • 14.4. Threats

    15. Porter's Five Forces Model

    • 15.1. Competition Landscape
    • 15.2. Buyer Power
    • 15.3. Supplier Power
    • 15.4. Threat of New Entrants
    • 15.5. Threat of Substitutes

    16. Competitive Landscape

    • 16.1. Competition Outlook
    • 16.2. Company Profiles
      • 16.2.1. Foodpanda
        • 16.2.1.1. Company Details
        • 16.2.1.2. Products & Services
        • 16.2.1.3. Financials (As Reported)
        • 16.2.1.4. Key Market Focus & Geographical Presence
        • 16.2.1.5. Recent Developments
        • 16.2.1.6. Key Management Personnel
      • 16.2.2. Domino's Pizza Inc.
        • 16.2.2.1. Company Details
        • 16.2.2.2. Products & Services
        • 16.2.2.3. Financials (As Reported)
        • 16.2.2.4. Key Market Focus & Geographical Presence
        • 16.2.2.5. Recent Developments
        • 16.2.2.6. Key Management Personnel
      • 16.2.3. Doordash Inc.
        • 16.2.3.1. Company Details
        • 16.2.3.2. Products & Services
        • 16.2.3.3. Financials (As Reported)
        • 16.2.3.4. Key Market Focus & Geographical Presence
        • 16.2.3.5. Recent Developments
        • 16.2.3.6. Key Management Personnel
      • 16.2.4. Grubhub Holdings Inc.
        • 16.2.4.1. Company Details
        • 16.2.4.2. Products & Services
        • 16.2.4.3. Financials (As Reported)
        • 16.2.4.4. Key Market Focus & Geographical Presence
        • 16.2.4.5. Recent Developments
        • 16.2.4.6. Key Management Personnel
      • 16.2.5. Goodr, Inc.
        • 16.2.5.1. Company Details
        • 16.2.5.2. Products & Services
        • 16.2.5.3. Financials (As Reported)
        • 16.2.5.4. Key Market Focus & Geographical Presence
        • 16.2.5.5. Recent Developments
        • 16.2.5.6. Key Management Personnel
      • 16.2.6. McDonald's Corporation
        • 16.2.6.1. Company Details
        • 16.2.6.2. Products & Services
        • 16.2.6.3. Financials (As Reported)
        • 16.2.6.4. Key Market Focus & Geographical Presence
        • 16.2.6.5. Recent Developments
        • 16.2.6.6. Key Management Personnel
      • 16.2.7. Pizza Hut International
        • 16.2.7.1. Company Details
        • 16.2.7.2. Products & Services
        • 16.2.7.3. Financials (As Reported)
        • 16.2.7.4. Key Market Focus & Geographical Presence
        • 16.2.7.5. Recent Developments
        • 16.2.7.6. Key Management Personnel
      • 16.2.8. Zomato Limited
        • 16.2.8.1. Company Details
        • 16.2.8.2. Products & Services
        • 16.2.8.3. Financials (As Reported)
        • 16.2.8.4. Key Market Focus & Geographical Presence
        • 16.2.8.5. Recent Developments
        • 16.2.8.6. Key Management Personnel
      • 16.2.9. Delivery Hero Holding GmbH
        • 16.2.9.1. Company Details
        • 16.2.9.2. Products & Services
        • 16.2.9.3. Financials (As Reported)
        • 16.2.9.4. Key Market Focus & Geographical Presence
        • 16.2.9.5. Recent Developments
        • 16.2.9.6. Key Management Personnel
      • 16.2.10. Roofoods Ltd
        • 16.2.10.1. Company Details
        • 16.2.10.2. Products & Services
        • 16.2.10.3. Financials (As Reported)
        • 16.2.10.4. Key Market Focus & Geographical Presence
        • 16.2.10.5. Recent Developments
        • 16.2.10.6. Key Management Personnel

    17. Strategic Recommendations/Action Plan

    • 17.1. Key Focus Areas
    • 17.2. Target Regions
    • 17.3. Target Technology Type
    • 17.4. Target Service Type

    18. About Us & Disclaimer

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