North America Food Technology Market Size & Outlook

The food technology market in North America is expected to reach a projected revenue of US$ 87,920.7 million by 2030. A compound annual growth rate of 7.7% is expected of North America food technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$52,370.0
Forecast, 2030 (US$M)
$87,920.7
CAGR, 2024 - 2030
7.7%
Report Coverage
North America

North America food technology market highlights

  • The North America food technology market generated a revenue of USD 52,370.0 million in 2023.
  • The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating component in 2023.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 52,370.0 million
Market revenue in 2030USD 87,920.7 million
Growth rate7.7% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideDelivery Hero SE ADR, HelloFresh SE Bearer Shares, Swiggy, Flytrex, Miso Robotics, Carlisle Companies Inc, Lunchbox Technologies, Lex Nimble Solutions, Trax, Cubiq Foods


Other key industry trends

  • In terms of revenue, North America region accounted for 28.5% of the global food technology market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 128,669.7 million by 2030.

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Food Technology Market Companies

Name Profile # Employees HQ Website

North America 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 40.54% in 2023. Horizon Databook has segmented the North America food technology market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of North America food technology market databook

  • Our clientele includes a mix of food technology market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America food technology market , including forecasts for subscribers. This continent databook contains high-level insights into North America food technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America food technology market size, by country, 2018-2030 (US$M)

North America Food Technology Market Outlook Share, 2023 & 2030 (US$M)

North America food technology market size, by country, 2018-2030 (US$M)

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