According to a recent market study published by Growth Market Reports, titled, “Global Food Tech Market” by Type and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 6,07,500.0 Million in 2021 and is anticipated to grow at a growth rate of 10.9% by the year 2030.

Food tech, often known as food technology, is the process of developing, manufacturing, and distributing food products using cutting-edge technology. Some advanced technologies commonly used in food tech are 3D printing, big data, artificial intelligence (AI) & advanced robotics, machine learning, automation, and smart packaging.

The young generation is becoming increasingly conscious of the advantages of eating healthy to prevent health problems to maintain health.  Veganism, vegetarianism, fruitarianism, flexitarianism, gluten-free, lactose-free, and paleo diets are a few examples of common dietary ISMS. People choose to adhere to any of these ISMS for a variety of reasons, such as ethical considerations, environmental concerns, health objectives, or religious convictions. Each of these ISMS has its own set of rules and limits.

A healthy diet is essential for good health and nutrition: It guards against a number of chronic and non-communicable illnesses such as cancer, heart disease, and diabetes. A varied diet that is low in sugar, sodium, saturated fats, and factory-made trans fats is considered to be healthy. Governments have a crucial role in fostering an atmosphere where people develop and keep healthy eating habits.

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Based on type, the global food tech market is segmented into cultured meat, plant-based food market, HMR (Home Meal Replacement) market, 3D food printing market, food automation market, smart food logistics market, personalized nutrition market, restaurant digitization market, upcycled food market, eco-friendly food packaging market. Considering regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key factors that are anticipated to fuel the demand for the food tech market during the forecast period are the food tech industry is evolving to cater to changing consumer preferences and behavior. Consumers are increasingly seeking healthy and sustainable food options, which is driving innovation in the industry.

Consumers are increasingly focused on health and wellness and which has led to the development of a wide range of health-focused food tech products such as plant-based meat substitutes, functional foods and supplements, and personalized nutrition plans. Growing awareness of the environmental impact of food production and consumption has led to the development of plant-based and lab-grown meat alternatives, food reduction technologies, and sustainable packaging solutions.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. COVID-19 has a moderate impact on the industry due to the simultaneous reduction of supply and demand. The COVID-19 pandemic caused a slight slowdown in market expansion. Once these sectors have recovered from the pandemic's effects, the market for other end-user industries is expected to restore its growth rate.

As per growth market reports industry analyst Partha Paul, “The expanding food & beverage industry is expected to contribute to the growth of the global food tech market. The food tech industry is experiencing rapid technological advancements. Advances in biotechnology have led to the development of plant-based and lab-grown meat alternatives. For instance, Beyond Meat and Impossible Foods are using plant-based ingredients to create meat-like products.

A supply chain is a network between a manufacturer and suppliers to produce and distribute a specific product to the final buyers. This network includes different people, regulatory bodies, entities, information, and resources. Food Sourcing is a main step in any food market the raw material is shipped to manufacturers to be processed into final products. These products are procured from raw material suppliers and stored at raw material warehouses or directly at manufacturing sites. Raw materials are inspected to ensure their quality.

Key Takeaways from the Study

  • The food tech market is highly competitive and diverse, encompassing a wide range of companies that provide different products and services. New entrants and innovations are constantly emerging in the market. The food tech market is moderately fragmented, with a large number of players operating in different segments of the market. Some companies have emerged as dominant players in their respective niches; however, the food tech market involves a lot of competition, innovation, and disruptions.

  • Customers are looking for improved and ecologically friendly food alternatives, as they are growing environmentally concerned and health conscious. The food technology industry is creating cutting-edge solutions, including plant-based meat substitutes, vertical farming, and precision agriculture, as a response to such growing demand. Plant-based meat alternatives, which are more nutritious and sustainable than traditional meat products, are being developed by companies such as Impossible Foods and Beyond Meat. These products, which replicate the flavor and feel of meat, are created from plant-based proteins such as pea protein. In 2022, Kerry Group conducted a survey of more than 1,500 customers in the US, the UK, Australia, and Brazil to find out what people expect from plant-based cheese and burgers in terms of taste. According to the study, flexitarians, the primary consumer demographic, which promotes the expansion of plant-based products, are more critical of the products than that are vegans and vegetarians. While sustainability is vital, customers are hesitant to forgo good taste and are searching for products that taste as similar to animal products as possible. Additionally, crops can be grown sustainably using vertical farming in environment-controlled spaces such as urban warehouses. This technique, with less water consumption and no pesticides, allows for the year-round production of fresh and healthy vegetables.

  • In terms of type, the global food tech market is segmented into cultured meat, plant-based food market, HMR (Home Meal Replacement) market, 3D food printing market, food automation market, smart food logistics market, personalized nutrition market, restaurant digitization market, upcycled food market, eco-friendly food packaging market. Demand for cultured meat is driven by several factors, such as less contamination, few antibiotics, less environmental impact, and technological advancements in the cultured meat market. Plant-based food or diet refers to a dietary pattern that places emphasis on food derived from plants. It excludes all animal products, including chicken, meat, eggs, fish, and dairy goods, and constitutes all thoroughly processed, vegetables, fruits whole grains, herbs, nuts & seeds, spices, and legumes, among others. HMRs cover both completely and partially cooked home-style foods that are consumed instantly or after a quick preparation. HMRs are suitable for those who value convenience and high-quality food. 3D food printing reduces wastage by reproducing food that is edible and appealing. The leftovers are recycled and kept in the food chain in an appetizing form. Using this method, tons of food is saved by numerous restaurants and shops. The food automation market simplifies the food packaging process, which consists of food and grading, packing, sorting, and managing processes. Smart logistics refers to organizing, planning, controlling, and executing the flow of goods through the effective use of data. It utilizes a combination of traffic management and logistics management. Personalized nutrition is also considered as a Microbiome, trillions of bacteria in human bodies that play a vital role in various daily internal operations, and personalized nutrition helps to get the nutrition. Digitization of restaurants enables food service providers to streamline operations based on consumer behavior and attributes. Digital management solutions help organizations to make data-driven decisions, in terms of identifying the number of orders for a certain item or locating the least ordered dishes. The upcycled ingredients label is designated for ingredients that humans would not otherwise have used or consumed, and contain at least 95% upcycled inputs. This upcycled ingredients certification is unlikely to appear on a consumer product. Companies offer certified ingredients to other companies for use in new products. Eco-friendly packaging refers to any packaging material that is environmentally friendly. Packing materials should be easily biodegradable and compostable, or they should be reusable and easily recyclable when disposed of. Smart food logistics is a component of the food supply chain that allows for shipment tracking and data collection. Smart food logistics companies utilize wireless temperature sensors to retain frozen food in refrigerated trucks and trailers and enable multi-zone monitoring. Personalized nutrition is also called precision nutrition, individualized nutrition, and nutritional genomics. Personalized nutrition or precision nutrition emphasizes the individual diet rather than a group diet. Personalized nutrition is also considered as a Microbiome, trillions of bacteria in human bodies that play a vital role in various daily internal operations, and personalized nutrition helps to get the nutrition.

  • In terms of regions, the global food tech market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in Europe is anticipated to expand at a moderate rate during the forecast period. The food sector in the region is one of the most profitable in the world, and evolving food trends and high demands are expected to generate create lucrative business opportunities in this industry in the future. Asia Pacific attributes to more than half of the world’s population, with a population of more than 4.5 billion people in the region. Hence, there is an increasing need for efficient and innovative ways to produce, distribute, and consume food in the region, as the population continues to expand. Entrepreneurial and technological ecosystems in Latin America are expanding. The region contributes significantly to global agriculture & fisheries output and investment & expansion in the food technology market are increasing. A few of the food tech startups in Latin America are Agrosafety, Eats for You, and Fazenda Futuro. Increasing demand for plant-based foods attracts FoodTech investments in North America. For instance, a new ocean and seafood investment team was formed by Chicago-based investment company S2G Ventures, with commitments of up to USD 100 Billion.

Report Scope:

Report Metric


Market Value in 2021

US$ 6,07,500.0 Million

Market Growth Rate (from 2022 to 2030)


Historical Data

2015 & 2020

Base Year


Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Type and By Region

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Demand Side: Packaging Industry and Food & Beverage Industry.
  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.
  • Associations and Industry Bodies:  FDA, USDA’s, ERS.