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Food Technology Market Share

Report ID: GMI6850
Published Date: Oct 2023
Report Format: PDF

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Food Technology Market Share

Major players operating in the food technology market are:

Nestlé S.A
PepsiCo
Hello Fresh SE
McDonald's Corporation
Unilever
Delivery Hero SE
Danone S.A

Nestlé is a dominating player in the food tech business due to its extensive product portfolio, global reach, and substantial investments in research & development. The company consistently innovates to meet consumer demands for healthier, sustainable, and convenient food options. Nestlé's focus on personalized nutrition, sustainability initiatives, and data analytics has aided it in staying ahead in the ever-evolving food technology landscape.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market valuation of food technology was worth USD 181.3 billion in 2022 and is anticipated to expand at 8% CAGR from 2023 to 2032, owing to the increasing consumer demand for convenient and healthy food coupled with the growing popularity of online food delivery services.

The hardware segment held 42% share of the food technology market in 2022 and is projected to witness high demand through 2032, owing to the increasing adoption of cutting-edge technological solutions modernizing food production & distribution.

Asia Pacific held more than 31% revenue share of the food technology industry in 2022 and is expected to expand at robust CAGR through 2032, owing to the surging demand for convenient, healthy & innovative food products by the large and diverse population in the region.

Some of the leading food technology firms are Nestlé, PepsiCo, Hello Fresh SE, McDonald's Corporation, Unilever, Delivery Hero SE, and Danone.