Foodtech Market Report 2023 (Global Edition)

Global Foodtech Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Foodtech Industry growth. Foodtech market has been segmented with the help of its Technology type, Service type Product Type, and others. Foodtech market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Report scope is customizable as we have a huge database of Foodtech industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

Based on the technology, the market is segmented into websites and mobile apps. The website segment holds the major share in terms of technology. To increase market penetration, food tech companies build a seamless customer experience across their website platforms.

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Based on the services segment, the market is segmented into online grocery delivery, online food Aggregator, OTT & convenience services and others. The online grocery delivery segment dominates the global food tech market owing to the convenient shopping experience along with manufacturers offering coupons with their orders for more savings when ordering online from the local grocery store.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Foodtech market report 2023 Edition by contacting our team.

Foodtech Product Type Segment Analysis

Based on the product,  the market is segmented into dairy, fruits & vegetables, meat, and Others. The meat segment holds the largest market share in terms of product and is anticipated to register the highest CAGR during the forecast period due to the increasing consumption of meat products in developed countries.

• Meat
• Fruit And Vegetables
• Fish
• Bread and Cereals
• Dairy
• Other

North America has acquired the major market share for the food tech Market followed by Europe. The food tech market in North America is expected to grow at a fast pace due to the increased use of smartphones, and artificial intelligence to combat food production challenges as well as the rising popularity of personalized digital cafeterias that enable people to choose their own daily meals. In addition, the food industry is a major contributor to the U.S. GDP. For example, according to the U.S. Department of agriculture, the food industry is worth around USD 1 trillion in the U.S. gross domestic product. Europe is a second leading region growing at a significant level during the forecast period owing to the increasing European government initiatives to facilitate technology exchange among food professionals, rapid development in food science technology, Agtech, consumer tech, and online food delivery services.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

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News:

• DoorDash has announced delivery for customers of food tech start-up eGrowcery. 

In April 2022, the company has announced a partnership that will allow retailers to leverage the nationwide fulfillment network while retaining shopper data. DoorDash and retail food industry e-commerce company eGrowcery announced a partnership that will enable retailers on the eGrowcery platform to expand the company’s network for grocery orders while retaining their own shopper data.

• McDonald’s turned to tech to build the future of fast food

In 2019, with the acquisition of tech start-up Dynamic Yield, McDonald’s has been rapidly building its tech capabilities to enhance the customer experience and grow revenues. It acquired the online personalization start-up for more than USD 234.8 million aiming at developing a customizable experience that could be detectable to fit weather, traffic, and popular items of the day

Top Companies Market Share in Foodtech Industry: (In no particular order of Rank)

• Amazon
• Apeel Sciences
• McCormick & Commpany
• Delivery Hero
• DoorDash
• Dommino's Pizza Inc.
• Goodr
• Pizza Hut International
• McDonald's Corporation
• Grubhub
• Others
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