Growth of advanced technologies within the food industry is driving global food tech market growth.
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.
The global Food Tech market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures. The global Food Tech market is highly consolidated due to the presence of a large number of companies across this industry.
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The global Food Tech market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
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Key players in the market include Amazon, Apeel Sciences, McCormick & Company, Delivery Hero, DoorDash, Domino’s Pizza Inc., Goodr, Pizza Hut International, McDonald’s Corporation and Grubhub.
These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.
The global Food Tech market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Food Tech market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights. To gain useful market insights, grab a sample copy of this report:
The latest report presents the vital indicators of market growth, including an effective value chain analysis, Porter’s Five Forces Analysis, and CAGR growth over the forecast period. The significant data and information gathered by our analysts are likely to help readers have a clear comprehension of the qualitative and quantitative growth parameters of the global Food Tech market.
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The global Food Tech market report estimates revenue growth on global, regional, and country levels, depicting the industry trends from 2020 to 2027 in each segment and sub-segment of the market. However, the global market is fragmented on the basis of region, product type, and application.
- 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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Global Food Tech Market Report – Table of Contents:
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
Chapter 5. Food Tech Market By Technology Type Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Technology Type Dynamics & Market Share, 2019 & 2027
5.1.1. Mobile App
5.1.2. Websites
Chapter 6. Food Tech Market By Service type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
6.1. Service type Dynamics & Market Share, 2019 & 2027
6.1.1. Online Food delivery
6.1.2. Online Grocery delivery
6.1.3. OTT & Convenience Services
To be continue..!
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