The food ecosystem is undergoing a holistic change and is finally receiving the attention it deserves. Increasing populations and environmental concerns call for sustainable food production. The time has come to focus on investing where it matters and rebuilding our food system for future generations, taking advantage of the opportunities ahead. With groundbreaking innovations such as plant-based and lab-grown meat, automated restaurants, and eco-friendly food packaging, food technology is permanently taking on these challenges.
According to Grand View Research, the global food technology market size was estimated to reach USD 172.66 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.9 percent from 2023 to 2030. This growth can be attributed to rapid adoption of e-commerce, growing internet and smartphone penetration, ease of placing orders, and the growing need to automate and digitize the food supply chain.
The fusion of food and technology has ushered in an era of personalized nutrition. Apps and wearables help users track their dietary intake, providing insights into their health and wellness. It's no longer one-size-fits-all; it's about tailoring our diets to our needs. The restaurant industry, too, is experiencing a digital revolution. From online reservations to contactless payments, technology is enhancing the dining experience.
This edition of Food and Beverages Tech Review delivers a bird’s-eye view of the recent developments in the food tech arena and insights into how organizations align with these trends and adopt lucrative ways to bring the futuristic vision of food tech to fruition.
We have curated thought leadership articles from industry experts, including Juan F. DeVillena, Sr. Vice President of Quality Assurance and Food Safety at Wayne-Sanderson Farms and Danny Williams, Head of Information Technology, Nutrifood.
We also took a deep dive into the market trends to narrow down the list of companies delivering innovative food tech solutions. Equipped with innovative technological capabilities, companies like DashTrack help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Food and Beverages Tech Review on Food Tech helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
