Global Food Technology Market Size & Outlook, 2023-2030
Global food technology market, 2018-2030 (US$M)
Related Markets
Global food technology market highlights
- The global food technology market generated a revenue of USD 183,536.9 million in 2023 and is expected to reach USD 354,935.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.9% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 77,137.4 million in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 183,536.9 million |
| Market revenue in 2030 | USD 354,935.8 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 28.5% of the global food technology market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 67,198.9 million by 2030.
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Food Technology Market Scope
Food Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global food technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food technology market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 42.03% in 2023. Horizon Databook has segmented the Global food technology market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Food Technology Component Outlook (Revenue, USD MIllion, 2018-2030)
- Hardware
- Software
- Services
- Global Food Technology Application Outlook (Revenue, USD MIllion, 2018-2030)
- Food Science
- Kitchen & Restaurant Tech
- Delivery
- Supply Chain
- Others
- Global Food Technology Industry Outlook (Revenue, USD MIllion, 2018-2030)
- Fish, Meat, and Seafood
- Fruits and Vegetables
- Grain and Oil
- Dairy Products
- Beverages
- Bakery and Confectionary
- Others
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Target buyers of Global food technology market databook
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Our clientele includes a mix of food technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global food technology market , including forecasts for subscribers. This global databook contains high-level insights into Global food technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global food technology market size, by regions, 2018-2030 (US$M)
Top 10 countries: Food technology market size, 2023 (US$M)
Global food technology market share, by component, 2023 & 2030 (%, US$M)
Food technology market: Opportunity assessment by country
Global food technology market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 43,916.3 | 44,974.6 | 46,499.3 | 48,531.3 | 50,271.6 | 52,370.0 | 54,915.1 | 58,014.6 | 61,800.6 | 66,439.3 | 72,142.5 | 79,183.6 | 87,920.7 | 7.7% |
| Europe | 33,309.6 | 34,460.5 | 35,992.2 | 37,948.4 | 39,710.3 | 41,790.0 | 44,268.1 | 47,243.8 | 50,840.5 | 55,214.3 | 60,565.7 | 67,155.2 | 75,326.0 | 8.8% |
| Asia Pacific | 40,237.7 | 42,847.3 | 46,062.8 | 49,989.0 | 53,842.2 | 58,321.8 | 63,590.0 | 69,852.4 | 77,372.3 | 86,490.0 | 97,651.7 | 111,448.0 | 128,669.7 | 12.0% |
| Latin America | 10,199.0 | 10,679.3 | 11,289.2 | 12,047.0 | 12,759.2 | 13,590.2 | 14,570.5 | 15,738.5 | 17,141.9 | 18,842.3 | 20,919.0 | 23,476.2 | 26,651.7 | 10.1% |
| MEA | 11,459.7 | 12,421.1 | 13,535.4 | 14,832.8 | 16,076.0 | 17,465.1 | 19,040.7 | 20,853.2 | 22,965.4 | 25,456.3 | 28,427.1 | 32,007.8 | 36,367.7 | 11.1% |
| Overall | 139,122.3 | 145,382.8 | 153,378.9 | 163,348.5 | 172,659.4 | 183,536.9 | 196,384.5 | 211,702.5 | 230,120.6 | 252,442.3 | 279,706.1 | 313,270.8 | 354,935.8 | 9.9% |
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