Food Technology Market Demand, Share, Trends and Future Challenges 2034
Global Food Technology Market Size – By Component, By Application, By Industry - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: FOOD2568 | Pages: 1 - 250 | Formats*: |
| Category : Food & Beverages | |||
Global Food Technology Market Introduction and Overview
According to SPER Market Research, the Global Food Technology Market is estimated to reach USD 548.43 billion by 2034 with a CAGR of 10.11%.
The report includes an in-depth analysis of the Global Food Technology Market, including market size and trends, Interface mix, Applications, and supplier analysis. The global food technology market size was estimated to reach USD 209.34 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 10.11% from 2025 to 2034. The rapidly expanding global food technology market is being driven by increasing consumer demand for safer, healthier, and more sustainable food options. This industry includes advancements in automation, food processing, packaging, preservation, and digital technologies like blockchain, AI, and the Internet of Things. To increase productivity and adapt to shifting dietary trends, major firms are investing in lab-grown meat, alternative proteins, smart production systems, and food traceability technologies. This expansion is being driven by increasing urbanisation, greater disposable income, and increased knowledge of food safety and nutrition.
By Component Insights
During the forecast period, the software segment is expected to experience the highest growth rate. This category includes solutions like chatbots, platforms for restaurant reservations, food and grocery delivery applications, and warehouse management systems (WMS). Additionally, by keeping an eye on temperature, IoT sensors are essential for reducing waste. Over the course of the forecast period, the software category is anticipated to increase at the fastest rate. It encompasses products such as chatbots, restaurant reservation platforms, food and grocery delivery apps, and warehouse management systems (WMS).
By Application Insights
It comprises businesses engaged in food processing as well as the creation of novel goods and ingredients. The growing need for alternative proteins is one of the main factors propelling this market's expansion. Its growth is also being accelerated by more funding for food science firms.
By Regional Insights
It is anticipated that North America will expand at a significant CAGR. North America is home to a large number of market participants and a well developed technological infrastructure. Robotic grills and other automation tools are being used by major U.S. restaurant companies, like Chipotle and Starbucks Coffee Company, to increase their profit margins and reduce labour expenses. The market has a lot of opportunity to develop because of the region's increasing investments in the R&D of cutting-edge technologies like machine learning (ML) and artificial intelligence (AI).
Market Competitive Landscape
The market for Global Food Technology Market is very competitive. The market for food technology is characterised by intense competition, quick innovation, and more investments. To obtain a competitive edge, major firms are concentrating on creating cutting-edge solutions including automation, AI-powered platforms, and alternative proteins. Some of the prominent players are Carlisle Technology, CUBIQ FOODS, Delivery Hero SE, Flytrex Inc, HelloFresh SE, LUNCHBOX, Miso Robotics, Nymble (Epifeast Inc), Swiggy, TRAX IMAGE RECOGNITION.
Recent Developments:
In July 2023, The first technological solution for the food processing industry in India, Saudabook, was introduced by FarMart, an intelligent food supply network. With the goal of modernising India's food industry and enabling more intelligent supply chain operations, this cutting-edge platform made its ERP system, FarMartOS, available to all food processors in the nation.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Component, By Application, By Industry |
| Regions covered | North America, Latin
America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Carlisle Technology, CUBIQ FOODS, Delivery Hero SE, Flytrex Inc, HelloFresh SE, LUNCHBOX, Miso Robotics, Nymble (Epifeast Inc), Swiggy, TRAX IMAGE RECOGNITION. |
Key Topics Covered in the Report
- Global Food Technology Market Size (FY’2021-FY’2034)
- Overview of Global Food Technology Market
- Segmentation of Global Food Technology Market by Component (Hardware, Software, Services)
- Segmentation of Global Food Technology Market by Application (Food Science, Kitchen & Restaurant Tech, Delivery, Supply Chain, Others.)
- Segmentation of Global Food Technology Market by Industry (Fish, Meat, and Seafood, Fruits and Vegetables, Grain and Oil, Dairy Products, Beverages, Bakery and Confectionery, Others)
- Statistical Snap of Global Food Technology Market
- Expansion Analysis of Global Food Technology Market
- Problems and Obstacles in Global Food Technology Market
- Competitive Landscape in the Global Food Technology Market
- Details on Current Investment in Global Food Technology Market
- Competitive Analysis of Global Food Technology Market
- Prominent Players in the Global Food Technology Market
- SWOT Analysis of Global Food Technology Market
- Global Food Technology Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Food Technology Market Manufacturing Base Distribution, Sales Area, Interface Type6.2.Mergers & Acquisitions, Partnerships, Interface Launch, and Collaboration in Global Food Technology Market
7.Global Food Technology Market, By Component 2021-2034 (USD Million)
7.1.Hardware7.2.Software7.3.Services
8.Global Food Technology Market, By Application 2021-2034 (USD Million)
8.1.Food Science8.2.Kitchen & Restaurant Tech8.3.Delivery8.4.Supply Chain8.5.Others
9.Global Food Technology Market, By Industry 2021-2034 (USD Million)
9.1.Fish, Meat, and Seafood9.2.Fruits and Vegetables9.3.Grain and Oil9.4.Dairy Products9.5.Beverages9.6.Bakery and Confectionery9.7.Others
10.Global Food Technology Market, 2021-2034 (USD Million)
10.1.Global Food Technology Market Size and Market Share
11.Global Food Technology Market, By Region, 2021-2034 (USD Million)
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.Carlisle Technology
12.1.1.Company details12.1.2.Financial outlook12.1.3.Interface summary12.1.4.Recent developments
12.2.CUBIQ FOODS
12.2.1.Company details12.2.2.Financial outlook12.2.3.Interface summary12.2.4.Recent developments
12.3.Delivery Hero SE
12.3.1.Company details12.3.2.Financial outlook12.3.3.Interface summary12.3.4.Recent developments
12.4.Flytrex Inc
12.4.1.Company details12.4.2.Financial outlook12.4.3.Interface summary12.4.4.Recent developments
12.5.HelloFresh SE
12.5.1.Company details12.5.2.Financial outlook12.5.3.Interface summary12.5.4.Recent developments
12.6.LUNCHBOX
12.6.1.Company details12.6.2.Financial outlook12.6.3.Interface summary12.6.4.Recent developments
12.7.Miso Robotics
12.7.1.Company details12.7.2.Financial outlook12.7.3.Interface summary12.7.4.Recent developments
12.8.Nymble (Epifeast Inc
12.8.1.Company details12.8.2.Financial outlook12.8.3.Interface summary12.8.4.Recent developments
12.9.Swiggy
12.9.1.Company details12.9.2.Financial outlook12.9.3.Interface summary12.9.4.Recent developments
12.10.TRAX IMAGE RECOGNITION
12.10.1.Company details12.10.2.Financial outlook12.10.3.Interface summary12.10.4.Recent developments
12.11.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Food Technology Market is projected to reach USD 548.43 billion by 2034, growing at a CAGR of of 10.11% during the forecast period.
Food Technology Market grew in Market size from 2025. The Market is expected to reach USD 548.43 billion by 2034, at a CAGR of 10.11% during the forecast period.
Food Technology Market CAGR of 10.11% during the forecast period.
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Food Technology Market size is USD 548.43 billion from 2025 to 2034.
Food Technology Market is covered By Component, By Application, By Industry
The North America is anticipated to have the highest Market share in the Food Technology Market.
Carlisle Technology, CUBIQ FOODS, Delivery Hero SE, Flytrex Inc, HelloFresh SE, LUNCHBOX, Miso Robotics, Nymble (Epifeast Inc), Swiggy, TRAX IMAGE RECOGNITION.
The report includes an in-depth analysis of the Global Food Technology Market, including market size and trends, Interface mix, Applications, and supplier analysis.
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