Outlook on the Digital Food Management Market: Major Segments, Strategic Developments, and Leading Companies

The digital food management sector is poised for significant expansion, driven by technological advancements and changing operational needs within the foodservice industry. As digital solutions continue to evolve, this market is set to transform how food businesses manage operations, safety, and customer engagement. Here's an in-depth look at the market's growth prospects, key players, emerging trends, and segmentation insights.

Steady Growth Outlook for the Digital Food Management Market Size Through 2030
The digital food management market is projected to experience rapid growth over the coming years, reaching a value of $6.13 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 13.5%. Several factors are fueling this rise, including increasing demand for AI-driven food analytics, heightened investments in smart kitchen and restaurant technologies, and the broadening scope of end-to-end digital food ecosystems. Additionally, a stronger emphasis on sustainability in food operations and a growing embrace of automation in foodservice are key contributors. Noteworthy trends expected to shape the market include the adoption of cloud-based food management platforms, real-time inventory monitoring solutions, integration of food safety compliance software, deployment of waste reduction analytics, and enhanced focus on data-driven menu optimization.

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Leading Companies Steering the Digital Food Management Market
The competitive landscape of the digital food management industry features several prominent players such as Oracle Corporation, Block Inc, Toast Inc, Lightspeed POS Inc, and Agilysys Inc. Other influential companies include CBORD Group Inc, TouchBistro Inc, HungerRush LLC, GOFRUGAL Technologies Inc, Foodics, Olo Inc, Chowly, Safefood 360°, APICBASE NV, NCR Voyix Corporation, Square for Restaurants, Revel Systems Inc, PAR Technology Corporation, Epos Now Ltd, and Lavu Inc. These organizations offer diverse solutions ranging from software and hardware to services that streamline food management operations.

Strategic Acquisition Enhances Digital Food Ordering Capabilities
In May 2023, Deliverec*t, a Belgium-based SaaS company specializing in integrating online food orders, completed the acquisition of ChatFood. Although the financial details were not disclosed, this move aims to strengthen Deliverec*t's digital food ordering services, particularly focusing on social media and QR code-based dine-in experiences. ChatFood, headquartered in the UAE, provides social media ordering, order and pay at the table, and customer loyalty solutions. This acquisition positions Deliverec*t to deliver a more comprehensive platform for both in-restaurant and online food delivery services.

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Innovative Trends Shaping the Future of Digital Food Management
Companies in the digital food management market are investing in cutting-edge technologies designed to boost profitability and user engagement. A key innovation involves creating tailored meal plans alongside options to order ingredients online, making meal preparation easier while encouraging healthier eating habits. For example, in August 2023, Samsung Electronics Co., Ltd., a leading South Korean appliance and consumer electronics manufacturer, introduced Samsung Food. This AI-powered personalized food and recipe service acts as a digital assistant, helping users discover new recipes, customize meal plans, and order ingredients through a single platform. Available in eight languages and accessible across 104 countries, Samsung Food offers a database of over 160,000 recipes. The service also integrates with Samsung cooking appliances, allowing users to control functions such as oven preheating and timer settings remotely. Furthermore, its photo recognition capabilities provide nutritional information and recipe suggestions based on the food items identified.

Comprehensive Segmentation of the Digital Food Management Market
The digital food management market is segmented by type, application, and end-user to provide a clear understanding of its scope:
1) By Type: Software, Hardware, and Services
2) By Application: Food Safety, Marketing, and Other Applications
3) By End-User: Restaurants and Cafes, Fast Food Chains, Catering Services, Hotels and Hospitality, Food Trucks, and Other End Users

Further breakdown includes:
- Software segments such as Inventory Management Software, Order Management Software, Menu Management Software, Food Safety Compliance Software, and Analytics and Reporting Tools
- Hardware components including Point of Sale (POS) Systems, Food Temperature Monitoring Devices, Self-Service Kiosks, and RFID Systems
- Service offerings categorized as Consulting Services, Implementation Services, Training and Support Services, Maintenance and Upgrades, and Managed Services

This detailed segmentation illustrates the diverse range of technologies and services that contribute to efficient digital food management across various foodservice sectors.

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This release was published on openPR.