Food Tech Market Set for Robust Growth to US$ 224.31 Billion by 2032, Led by North America's 38% Market Share | DataM Intelligence​

The 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 from 2025 to 2032.

This significant growth is driven by the rising consumer demand for convenience foods, advancements in food technology including automation, AI, and digitalization, increased adoption of plant-based and sustainable food products, and the need for enhanced food safety and supply chain transparency. Innovation in food processing, delivery services, and sustainable practices are also key contributors to this expanding market landscape.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/food-tech-market?ram

United States: Key Industry Developments
✅ November 2025: Blue Tribe's KLAW launched three bold new Gen Z snack flavors, targeting younger consumers with innovative, health-conscious options in the food tech snacks segment.

✅ September 2025: Strategic partnerships formed between food tech startups and corporations focused on AI-driven precision fermentation to design new protein-based ingredients, illustrating cutting-edge innovation in sustainable food production.

✅ February 2025: The FDA announced upcoming enhanced food traceability requirements to improve safety and transparency, spurring food manufacturers to adopt advanced technology like AI and automation to ensure compliance and efficiency.

Europe: Key Industry Developments
✅ November 2025: Multiple European food tech companies made strides in plant-based seafood alternatives, releasing hyper-realistic products mimicking traditional seafood to meet growing sustainability and ethical consumer demand.

✅ March 2025: The smart supply chain concept gained momentum in Europe, with digitization efforts reducing food waste and improving efficiency via automation and blockchain tracking for transparency.

✅ January 2025: European food tech innovators introduced personalized nutrition kits based on DNA analysis and health data, offering tailored meal plans and supplements focused on optimizing health outcomes.

Key Merges and Acquisitions(2025):
✅ Tempus AI acquires Highline Technologies: In November 2025, Tempus AI acquired Highline Technologies. This deal, while in the health tech sector, highlights the increasing use of AI and data analytics which also drives innovation in food tech for supply chain optimization and consumer analytics.

✅ Starbucks invests in sustainable farming technology: In October 2025, Starbucks announced a significant investment in a food tech startup specializing in AI-driven precision farming, aimed at improving coffee bean yields and sustainability globally.

✅ PepsiCo Acquires OATLY Subsidiary: In September 2025, PepsiCo acquired a non-dairy subsidiary from OATLY for $700 million to expand its plant-based offerings in the North American market, signaling a major move into alternative dairy technology and distribution.

✅ Apeel Sciences Acquires ImpactVision: In August 2025, Apeel Sciences, known for its coating technology that extends the shelf life of produce, acquired ImpactVision. This acquisition integrates hyperspectral imaging technology into Apeel's platform, enhancing its ability to non-invasively assess food quality and reduce waste.

Market Segmentation Analysis:
-By Technology
Supply chain management leads with the largest share at around 35%, optimizing logistics and reducing waste through AI and blockchain for traceability. Food safety follows (25%), focusing on contamination prevention via sensors and analytics amid rising regulations. Meal delivery (20%), food processing, and nutrition tracking complete the segments, with processing growing fast due to automation demands.​

-By Food Type
Plant-based foods dominate with 32% share, driven by vegan trends and sustainability, including alternatives like meat substitutes. Lab-grown meat captures 20%, appealing for ethical protein production despite high costs. Conventional, functional foods (25%), health supplements, and others fill the rest, with functional foods surging on health-conscious demand.​

-By End-User
Restaurants hold the top spot at roughly 40% market share, adopting tech for efficient ordering and inventory via apps. Food retailers follow (30%), leveraging e-commerce and cold chain innovations for fresh produce. Catering services and others (30%) grow via on-demand platforms, fueled by event digitization.​

-By Application
Online food aggregators command 45% share, platforms like Uber Eats connecting consumers with vast choices for convenience. Online grocery delivery takes 30%, boosted by pandemic habits and same-day services. Convenience services (25%) and others emphasize quick meals, with aggregators as the leading segment overall.

Purchase this report before year-end and unlock an exclusive 30% discount: https://www.datamintelligence.com/buy-now-page?report=food-tech-market?ram (Purchase 2 or more Reports and get 50% Discount)

Growth Drivers:
-Rising consumer demand for healthier, sustainable, and plant-based food options fuels innovation in nutritious alternatives and eco-friendly products.​

-Advancements in AI, IoT, automation, and blockchain enhance food production, supply chain transparency, safety, and personalized delivery.​

-Growing popularity of online food delivery, meal kits, and e-commerce platforms meets demand for convenience amid urbanization.​

-Investments in emerging technologies like precision fermentation, cultivated meat, and carbon utilization address sustainability and protein needs.​

-Government funding, partnerships, and regulations on food safety and traceability accelerate R&D and adoption of advanced solutions.​

-Increasing health awareness and focus on functional foods drive market expansion through efficient processing and waste reduction.

Regional Insights:
-North America holds the largest share of the global Food Tech Market at approximately 38% in 2024, driven by advanced digital infrastructure, tech-savvy consumers, and strong venture capital support for innovations like online delivery platforms (e.g., DoorDash, Instacart) and AI-integrated personalized nutrition apps. The U.S. leads regional dominance with robust adoption of robotics, sustainable sourcing, and cloud kitchens, bolstered by a high number of restaurants and evolving technologies such as AI and machine learning. This positions North America as the innovation hub, with projected steady growth through 2030.​

-Asia Pacific follows as a significant contender, capturing over 31% market share in recent assessments, fueled by rapid urbanization, a massive population base (about 60% of the world), and key economies like China, India, and Japan driving demand for convenient food solutions. The region exhibits the fastest growth potential with a CAGR around 12%, supported by increasing disposable incomes and adoption of digital platforms in food production and delivery. Emerging trends in plant-based foods and IoT applications further accelerate expansion in developing markets.​

-Europe ranks third among major regions, benefiting from leadership in sustainable food tech and established players, though specific share figures trail North America and Asia Pacific amid rising e-commerce and direct-to-consumer models. Growth is propelled by regulatory focus on food safety, traceability, and functional foods, with countries like Germany, France, and the UK investing in automation and packaging innovations. The region maintains momentum through consumer demand for processed and ready-to-eat products.

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/food-tech-market?ram

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. | BlueNalu, Inc.

Key Highlights (Top 5 Key Players) for Food Tech Market:
-Impossible Foods, Inc. reported approximately USD 650 million in revenue in 2024, reflecting strong growth driven by global expansion and strategic partnerships. The company has expanded to over 25,000 grocery stores and 40,000 restaurants across multiple countries.​

-Beyond Meat, Inc. historically showed significant revenue growth within the plant-based meat sector, but specific 2024-2025 revenue figures are less publicly available. Beyond Meat remains a major competitor with diversified product offerings in plant-based meats.

-UPSIDE Foods, Inc. focuses on cultivated meat technology. While exact revenue figures are not publicly detailed, its market positioning as a leader in cultured meat places it among the top innovators in food tech.

-Eat Just, Inc. reported robust growth driven by its plant-based and cultured egg products, with expanding commercial partnerships boosting revenue streams significantly, although precise current revenue numbers are not disclosed.

-Meatable B.V. is a key player in the cultivated meat segment with strong backing and technology development momentum. Revenue data is not publicly specified but the company is recognized among the leaders innovating in lab-grown meat alternatives.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription?ram

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.