Food Tech Market Forecast 2025 | Rising Demand, Investment Prospects & Key Players

Market Size and Growth

Global Food Tech Market size reached US$ 105.28 billion in 2024 and is expected to reach US$ 224.31 billion by 2032, growing with a CAGR of 9.9% during the forecast period 2025-2032.

Food Tech Market report, published by DataM Intelligence has released its latest in-depth analysis on the global Food Tech Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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Food Tech refers to the use of advanced technologies and innovations to improve the production, processing, packaging, and distribution of food. It encompasses areas like alternative proteins, food delivery platforms, precision agriculture, smart kitchens, and sustainable packaging. By integrating science, digital tools, and biotechnology, food tech enhances food quality, safety, convenience, and sustainability, reshaping how food is produced and consumed globally.

Key Players:

-> Impossible Foods, Inc., Beyond Meat, Inc., UPSIDE Foods, Inc., Eat Just, Inc., Meatable B.V., NotCo SpA, Perfect Day, Inc., Apeel Sciences, Inc., Tovala, Inc., and BlueNalu, Inc.

Key Development:

United States: Recent Food Tech Developments

✅ In August 2025, High Time Foods, a food-tech startup specializing in non-refrigerated, plant-based protein alternatives, raised $1.2 million in a funding round led by Avaana Capital. This investment aims to scale sustainable food technology solutions, particularly in the growing alternative protein sector.

✅ In July 2025, Tovala, a Chicago-based food-tech startup, secured $68.6 million in Series C funding. Tovala delivers fresh meals weekly, which can be cooked in one minute using the Tovala Smart Oven, offering a convenient solution for busy consumers.

✅ In June 2025, Wada FoodTech, a hot-chain decentralized foodservice platform, raised $5 million in a Pre-A3 funding round. The investment will support the company's expansion and innovation in the foodservice industry.

✅ In May 2025, Wildtype received FDA approval to sell its cultivated coho salmon in the U.S., becoming the first startup permitted to bring cell-cultured seafood to market-and its product debuted at Portland's Kann restaurant.

Japan: Recent Food Tech Developments

✅ In June 2025, FOOMA JAPAN 2025, a major international food machinery and technology exhibition, was held at Tokyo Big Sight. The event showcased Japan's leading food tech innovations, attracting global attention to the country's advancements in the food industry.

✅ In May 2025, SusHi Tech Tokyo 2025, a global startup program, took place at Tokyo Big Sight. The event brought together startups, investors, and corporations to foster collaboration and innovation in the food tech sector.

✅ In April 2025, Japan's Ministry of Agriculture, Forestry and Fisheries announced a JPY 1.2 billion investment from the national budget to modernize and reorganize the local meat industry. The initiative includes forming a national consortium to streamline the domestic market.

✅ In March 2025, Japan dedicated JPY 1.2 billion of its FY2025 funding toward modernizing the domestic meat industry, forming a national consortium to streamline market structure and production.

✅ In February 2025, NEXT KITCHEN 2025 was held in Kobe, hosting 10 global food tech startups and 25 domestic partners in a dynamic program including pitches at the Global Food Tech Conference attended by international investors.

Growth Forecast Projected:

The Global Food Tech Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Food Tech Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Technology: AI and Machine Learning, Blockchain, IoT, Biotechnology, Others

By Food Type: Plant-Based, Lab-Grown, Conventional, Functional Foods, Health Supplements, Others

By End-User: Restaurants, Food Retailers

By Application: Supply Chain Management, Food Safety, Meal Delivery Services, Food Processing, Nutrition Tracking, Others

Regional Analysis for Food Tech Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Food Tech producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Food Tech revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Food Tech Market?

A: In 2024, the Food Tech Market was valued at USD US$ 105.28 billion, reflecting its strong industry presence.

Q2: How large is the Food Tech Market expected to be by 2032?

A: By 2032, industry forecasts suggest the Food Tech Market will grow to around US$ 224.31 billion , demonstrating significant expansion.

Q3: What is the growth rate of the Food Tech Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 9.9% during the forecast period from 2025 to 2032.

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