The Food Technology (FoodTech) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Food Technology (FoodTech) Market?
The market size of the global Food Technology (FoodTech) sector has experienced notable growth in recent times. The market is projected to increase from $236.82 billion in 2024 to $265.59 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 12.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Food Technology (FoodTech) Industry?
The Food Technology (FoodTech) market is projected to reach $417.77 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 12.0%.
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What are the Key Growth Drivers Fueling the Food Technology (FoodTech) Market?
The key drivers in the Food Technology (FoodTech) market are:
• Rising popularity of plant-based diets
• Growing demand for personalized meals
• Expansion of food delivery platforms
• Escalating demand for processed and convenience foods
Global Market Segmentation: Identifying Major Food Technology (FoodTech) Industry Segments
The food technology (foodtech) market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Digital Platforms, Artificial Intelligence, Blockchain, Internet Of Things, Biotechnology
3) By Industry: Fish, Meat, And Seafood, Fruits And Vegetables, Grain And Oil, Dairy Products, Beverages, Bakery And Confectionery, Other Industries
4) By Application: Food Science, Kitchen And Restaurant Technology, Delivery, Supply Chain, Other Applications
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What are the Emerging Trends Shaping the Future of the Food Technology (FoodTech) Market?
The key trends in the Food Technology (FoodTech) market are:
• Innovation in food technology is serving as a major trend.
• There is a rising focus on food safety technologies.
• Advancements in food waste reduction technologies are shaping the industry.
• The digitization of the food industry is an emerging trend.
Who Are the Top Competitors & Leading Players in the Food Technology (FoodTech) Market?
Major companies 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
Regional Dominance: Which Area Leads the Global Food Technology (FoodTech) Market?
Asia-Pacific was the largest region in the food technology (foodtech) market in 2024
