The Global Food Tech Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.

This expansion can be attributable to the rising use of cutting-edge technologies in food processing methods, which enhance food safety and manufacturing process effectiveness. The adoption and implementation of robots and automation across the food industry's processes is a growing area of investment for food processing companies. More hygienic operations, quicker production, and larger output capacity are the results of this. Rising demand and consumption, combined with better internet visibility and expanding access to fresh items, are propelling the food tech market's expansion. Due to the increasing population expansion, the food industry is investing heavily in automation and digitization to keep up with the rising demand for food. Furthermore, the market is expanding as a result of growing consumer demand for food products that are more affordable, safer, and hygienic.

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 Key Highlights and Developments Included in the Report

• In May 2020, Amazon announced that it is starting to offer online food delivery service named Amazon food in Bengaluru, India. The strategy is expected to strengthen the company’s position in the online food delivery market, and will enable the company to compete with established players such as Zomato and Swiggy.
• The websites segment accounted for largest market share of 57.1% in 2019. Increasing demand for quick and convenient food and grocery delivery, with the availability of cash-on-delivery and advanced online payment options, are driving growth of such websites, thereby supporting the growing trend of ordering food online from various food chains.
• Online grocery delivery segment revenue is expected to expand at a rapid CAGR of 6.8% during the forecast period. The wide availability of online grocery shopping websites and shifting consumer preferences for online shopping platforms due to COVID-19 pandemic has been driving an increase in online grocery delivery in recent times.

The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

Key companies operating in the Food Tech market include:

Amazon, Apeel Sciences, McCormick Company, Delivery Hero, DoorDash, Domino’s Pizza Inc., Goodr, Pizza Hut International, McDonald’s Corporation and Grubhub.

Emergen Research has segmented the global food tech market on the basis of technology type, service type, product type, and region:

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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Regional Analysis:

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

Key regions in the market include:

• North America
  • S.
  • Canada
• Europe
  • K.
  • Italy
  • Germany
  • France
  • Rest of EU
• Asia Pacific
  • India
  • Japan
  • China
  • South Korea
  • Australia
  • Rest of APAC
• Latin America
  • Chile
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

Key Questions Addressed in the Report:

• Who are the leading players in the Food Tech industry?
• Which region is expected to dominate the market in the coming years?
• What are the key applications of Food Tech?
• Which segment is expected to garner traction during the coming years?
• What are the key strategies adopted by leading players in the market?

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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