Segment Overview and Major Growth Areas in the Artificial Intelligence (AI) in Foodtech Market

The artificial intelligence (AI) sector within the foodtech industry is rapidly evolving, driven by technological advancements and rising demand for smarter, more efficient food solutions. As AI continues to transform various aspects of food production and consumption, this market is set to experience remarkable growth. Below, we explore the current market size, leading players, key trends, and segment details that define this promising field.

Projected Market Expansion and Growth Drivers in the AI in Foodtech Market
The AI in foodtech market is anticipated to grow impressively, reaching a valuation of $37.12 billion by 2030. This represents a striking compound annual growth rate (CAGR) of 34.0%. Such expansion is fueled by substantial investments in AI-enabled foodtech platforms, an increasing focus on reducing food waste, and the growing adoption of personalized nutrition technologies. Additionally, the integration of AI-powered robotics in food preparation and the merging of AI with smart kitchen appliances contribute significantly to this upward trajectory. Key trends accelerating growth include AI-driven food quality monitoring, predictive analytics for demand forecasting, smart kitchen automation, AI-based optimization of supply chains, and a stronger emphasis on customized nutrition solutions.

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Prominent Players Driving Innovation in the AI Foodtech Space
Several leading companies are actively shaping the AI in foodtech market landscape. These include Microsoft Corporation, Cargill Incorporated, International Business Machines Corporation, Oracle Corporation, SAP SE, NVIDIA Corporation, Zebra Technologies Corporation, TOMRA Systems ASA, Blue Yonder Group Inc., Grubhub Inc., Google DeepMind Technologies Limited, Rebel Foods, Tovala, Saffron Tech, Blue River Technology, Brightseed, Clear Labs Inc., Nutrino Health Ltd., FoodLogiQ, NotCo Ltd., AgShift, Zest Labs, and ImpactVision.
In a notable move in May 2024, US-based tech firm GrubMarket acquired Butter, a company specializing in AI-enhanced sales tools that automate order entry processes. This acquisition enhances GrubMarket's portfolio by incorporating Butter's AI-powered e-commerce and payment technologies, bolstering its position as a leading AI solutions provider for the American food supply chain industry. It also strengthens offerings such as Grubassist AI and WholesaleWare by adding new capabilities.

Emerging Trends Offering New Opportunities in AI Foodtech
Market leaders are increasingly focusing on AI-powered ingredient discovery platforms designed to speed up and improve the efficiency of developing new food ingredients. These platforms utilize machine learning and extensive biological data to quickly identify natural proteins or molecules with specific functional qualities for applications ranging from food to agriculture and personal care.
For example, in May 2024, Shiru Inc., a US protein discovery company, introduced ProteinDiscovery.ai, the world's first AI-driven marketplace and discovery platform specifically for proteins. This platform provides access to a comprehensive database of over 33 million natural proteins from plants and microbes and enables companies to search, test, license, and acquire protein molecules for various uses. ProteinDiscovery.ai significantly cuts down research and development timelines and costs by predicting protein functionality and expression. It supports identifying clean-label sweeteners, high-stability proteins, and plant-based fats and texturizing proteins, accelerating the path from discovery to commercial product launch.

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Detailed Market Segmentation and Application Areas in AI Foodtech
This report breaks down the AI in foodtech market into several key segments:
1) By Component: Solutions and Services
2) By Application: Food Production and Processing, Product Development and Innovation, Supply Chain Management, Food Safety and Compliance, and other applications
3) By End-User: Food and Beverage Manufacturers, Restaurants and Food Service Providers, and other end-users

Further subcategories under Solutions include AI-based food quality monitoring systems, AI-powered predictive analytics for demand forecasting, AI in supply chain optimization, smart kitchen solutions, AI for personalization in food recommendations, automated food processing and packaging systems, AI-driven food safety systems, and AI-powered robotics for food preparation.
Under Services, the market comprises AI consulting, integration and implementation, training and support, managed services for AI systems, data analytics, algorithm customization, and testing and quality assurance services.

Regional Outlook and Future Potential
North America currently holds the largest share of the AI in foodtech market, but the sector is expected to witness the fastest growth in regions such as Asia-Pacific over the coming years. This geographic distribution highlights the increasing global adoption of AI innovations in food technologies, promising widespread benefits and opportunities for stakeholders across diverse markets.

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This release was published on openPR.