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July 6, 2021, 1:22 a.m. EDT

Food Tech Market Analysis Report, Size, Share, Growth, Applications, Technology, Types, Products and Forecasts Report 2027

The global Food Tech Market is expected to be valued at USD 342.52 Billion in 2027 from USD 220.32 Billion in 2019, registering a CAGR of 6.0% in the forecast period.

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Jul 06, 2021 (Heraldkeepers) -- The Global Food Tech Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Food Tech industry.

The North American segment is estimated to contribute over 38 percent to the market's incremental growth. The countries in the region are concentrating on developing their chemical infrastructure. Furthermore, the region also consists of several leading oil-producing companies such as the US, Mexico, and Venezuela. The concentration of leading markets combined with the growing demand for oil and chemical products will boost the need for Food Tech in the region.

You Can Download Free Sample PDF Copy of Food Tech Market at https://www.emergenresearch.com/request-sample/464

Key Highlights from the Report:

The websites sub-segment occupied the largest share of the industry in 2019, accounting for a 57.1% market share. The exponential growth of the website can be accredited to the escalating demand for rapid and convenient food & grocery delivery. The availability of cash on delivery and online payment options are further supporting the growth of these websites and backing the trend of online food ordering.

The online grocery delivery sub-segment is projected to expand at a significantly high CAGR of 6.8% throughout the forecast timeframe owing to the presence of numerous online grocery shopping websites. The shifting preference of consumers to online shopping amid the COVID-19 pandemic has further added traction to the market growth.

The meat sub-segment accounted for a significant share of the market in 2019 and is estimated to dominate the market in the forthcoming years. This can be credited to the augmenting demand for healthier, cheaper, and safer meat products and the increasing trend of ordering meat products online.

North America contributed to a significant share of the revenue in 2019 and is projected to command the market growth over the forecast years. This growth can be accredited to the augmented adoption of robotics and data technology in the food tech industry in the region.

Major players in the market include Grubhub, Amazon, McCormick & Company, Delivery Hero, Domino's Pizza Inc., DoorDash, Pizza Hut International, Goodr, McDonald's Corporation, and Apeel Sciences.

In May 2020, Amazon announced its plans to introduce a food delivery service, under the name Amazon Food, in Bangalore, India. The strategic venture is poised to bolster the e-commerce giant's position in the food delivery market in the country. It will allow Amazon to compete with major market players such as Zomato and Swiggy.

For the purpose of this report, Emergen Research has segmented the Global Food Tech Market on the basis of technology type, service type, product type, and region:

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Food Tech Market Technology Type Outlook (Revenue, USD Billion; 2017-2027)

Mobile App


Food Tech Market Service Type Outlook (Revenue, USD Billion; 2017-2027)

Online Food delivery

Online Grocery delivery

OTT & Convenience Services

Food Tech Market Product Type Outlook (Revenue, USD Billion; 2017-2027)


Fruit and Vegetables


Bread and Cereals


Other food products

Food Tech Market Regional Outlook (Revenue, USD Billion; 2017-2027)

North America


Asia Pacific

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