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June 2025
The global food technology market size reached at USD 208.74 billion in 2024 and is anticipated to increase from USD 229.49 billion in 2025 to an estimated USD 538.47 billion by 2034, witnessing a CAGR of 9.94% during the forecast period from 2025 to 2034. The continuously growing investment and technologies in the food sector accelerate the market expansion.
| Study Coverage | Details |
| Growth Rate from 2025 to 2034 | CAGR of 9.94% |
| Market Size in 2025 | USD 229.49 Billion |
| Market Size in 2026 | USD 252.3 Billion |
| Market Size by 2034 | USD 538.47 Billion |
| Largest Market | Asia pacific |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
The food technology market is influenced by rising advancements in food safety, with advanced technologies such as blockchain ensuring product authenticity and improving traceability. The adoption of sustainability in production procedures, such as waste-reduction technologies and energy-efficient systems, further drives market growth. In addition, due to the increased need for an innovative, more sustainable, and healthier food industry, food technology is developing rapidly. Furthermore, rising investments in food technology, the growing popularity of online food delivery, and increasing demand for healthy and convenient food are further expected to drive the growth of the market during the forecast period.
One of the significant factors driving the global market is the rise of AI-powered solutions in production and food automation. Automation improves consistency in food quality, reduces labor costs, and enhances efficiency. The rise of smart packaging solutions, which enhance convenience and extend shelf life, is further fueling global market growth. By improving logistics and reducing food waste, these innovations play an important role in meeting food security concerns across the globe. In addition, the rising advancements in food waste reduction technologies, including sustainable and upcycling packaging, are further expected to drive the growth of the market.
Robotics and automation have become prevalent in the food industry in the last few years and revolutionizing the way food is managed, prepared, and processed. These technological advancements have brought various advantages to the market, enhancing productivity, precision, and efficiency. Robotics and automation significantly impacted food packaging and processing systems. From slicing and dicing to mixing and blending, automated machines have replaced manual labor in several levels of food production. These systems reduce the risk of contamination, ensure consistent quality, and streamline the process. In addition, the emergence of kitchen assistants and robot chefs is another growth opportunity accelerating market growth.
These robotic counterparts can perform a range of culinary tasks, such as plating dishes, flipping burgers, and chopping vegetables. Robot chefs can help ensure consistent results and streamline operations in busy kitchens with precision and speed. These advanced factors are expected to revolutionize the growth of the food technology market in the coming years.
Along with some beneficial factors, the food technology industry also may face challenges such as disruption of food supply and security. Due to factors such as health crises, food poisoning, conflict, and natural disasters, food supply chains are vulnerable to disruptions. By developing more transparent and robust supply systems, food technologies can help mitigate these challenges. However, it needs collaboration between various actors, from farmers and retailers to governments and international organizations, by implementing these technologies, which may expect to restrain the growth of the food technology market.
How did Asia Pacific Dominate the Global Food Technology Market Revenue in 2024?
Asia Pacific dominated the food technology market in 2024. The market growth in the region is attributed to the increasing presence of various major market players, the rising adoption of on-demand food delivery industries, rising e-commerce platforms, a growing population, rising technological advancements in food technology, and increasing demand for plant-based and natural food products. India, China, Japan, and South Korea are dominating countries driving the market growth.
India dominated the global market in 2024. Food technology is a food processing technology that enhances food safety and improves food quality in India. The food technology industry has evolved as a major contributor to India’s economy, driven by forward-looking policy initiatives from the Government and MoFPI of India. The market is one of the largest markets in India and represents 32% of the total food market. In terms of exports, consumption, and production, India ranks fifth across the globe. The industry contributes approximately 8.39% to agriculture and 8.80% to manufacturing, which is expected to increase the market demand in India.
North America Food Technology Market Trends
North America is expected to grow fastest during the forecast period. The market growth in the region is driven by the rising integration of advanced technologies such as machine learning and artificial intelligence (AI), rising investments in research and development (R&D) activities, rising rapid adoption of automation tools, growing number of hotels, coffee shops, and restaurants and increasing presence of various market players. The U.S. and Canada are the fastest growing countries in the global market.
The U.S. dominated the Food Technology Market revenue in 2024. The market growth in the U.S. is attributed to the increasing consumer preference towards natural and clean-label food products, rising sustainability, and the growing food and beverage industry. In 2023, 86.5% of households are food secure in the U.S. 47.4 million people lived in food-insecure households with the help of food technology systems in 2023.
Why Hardware Segment Dominates the Food Technology Market Revenue in 2024?
The hardware segment dominated the food technology market in 2024. The segment growth in the global market is attributed to the rising integration of advanced technologies such as artificial intelligence (AI) and IoT sensors, increasing growth in packaged and processed food industries, increasing focus on food hygiene and safety, and increasing demand for automation in food production. Hardware includes several devices across the food value chain, including self-ordering kiosks, cooking robots, and voice assistants, which are highly popular in hotels, restaurants, and coffee shops. In addition, by monitoring temperature, IoT sensors can help reduce wastage, which may drive segment growth. Cooking robots are very popular in modern lifestyles as they have various innovative benefits such as saving time and energy, standardized cooking effects, reducing cooking errors, adapting to healthy diet needs, and versatility.
The Software Segment Expects the Significant Growth During the Forecast Period.
The segment growth in the food technology market is driven by the rising adoption of food delivery platforms, rising innovation in software solutions, and increasing demand for online shopping apps. The segment includes various online solutions, such as chatbots, restaurant reservation platforms, food delivery, and grocery delivery apps. To enhance software offerings for the market, companies are utilizing advanced technologies like generative artificial intelligence, which is further expected to increase market demand.
Why did the Food Science Segment Dominate the Food Technology Market Revenue in 2024?
The food science segment dominated market in 2024. The segment growth in the market is propelled by increasing health awareness, rising innovation in nutritional research and increasing demand for functional foods, increasing consumer preference towards plant-based food, rising investments in food science industries, and increasing demand for alternative proteins. In addition, food science helps to enhance food safety by creating safe packaging, improving food shelf life, and minimizing outbreaks of foodborne illnesses, which further innovates culinary experiences.
The Delivery Segment Expects the Fastest Growth in the Market During the Forecast Period.
The segment growth in the region is propelled by the increasing consumer trend towards online delivery, increasing demand for online food delivery apps, and increasing modern and busy lifestyles. Consumers can make late-night food delivery orders, as restaurants offer online food delivery 24 hours, and online delivery service saves time to enhance the consumer experience.
What Factors Helped the Fish, Meat, and Seafood Segment to Grow in 2024?
The fish, meat, and seafood segment dominated the food technology market in 2024. The segment growth in the market is attributed to the increasing demand for alternative and frozen meat, the growing food and beverage industry, increasing demand for seafood, meat, and fish across the globe, and increasing consumer awareness towards health and wellness. Seafood helps with brain function, reduces blood pressure, and reduces the risk of circulatory and heart diseases. Fish is the healthiest food across the globe with lots of nutrients. Fish have various nutritional benefits such as growth and development nutrients, reducing the risk of heart strokes, enhancing brain health, preventing asthma in children, and improving sleep quality, which further drives the segment growth.
The Dairy Product Segment Expects the Significant Growth in the Market During the Forecast Period.
The segment growth in the food technology market is driven by increasing demand for dairy products such as cheese, butter, ice cream, milk, and others. Dairy products are monitored for increasing their shelf life and avoiding spoilage.
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