Food Tech Market- Global Industry Size, Share, Trends, Competition Forecast and Opportunities, 2018-2028F Segmented By Technology Type (Mobile App, Website), By Service Type (Online Food Aggregators, Online Grocery Delivery, OTT & Convenience Services), By Region

Report
113 Pages
December 2022
Region: Global
TechSci Research
ID: 5702019

The Global Food Tech Market is Anticipated to Register an Impressive CAGR During the Forecast Period.

The global food tech market is anticipated to register an impressive CAGR during the forecast period. Food technology or online delivery platforms, as well as internet kitchens, are seeing prospects for expansion as a result of how local restaurant food is sourced and disseminated. Due to this development in food technology or online delivery platforms, there are several prospects for restaurants in the online meal ordering sector. The global online food delivery market size was estimated at USD 189.70 billion in 2021.

Today's consumers prefer placing their orders for their favorite meals through online platforms, which offer a limitless selection of eateries. Additionally, customers can choose, customize, and order food from restaurants based on ratings and reviews.

The food technology market is expanding more quickly because of the increased accessibility of online food delivery platforms. Due to the rise in smartphone and internet usage, food technology web platforms are becoming increasingly popular with consumers.

These platforms for food technology assist restaurants in expanding their consumer base, increasing revenue, and better utilizing their resources. The listing platform for food technology aids restaurants in spreading the word about their enterprise. Due to their high standard of living and changing way of life, customers rely heavily on services that save them time while also providing convenience.

Food delivery trends have undergone a significant transformation, notably in the manner that many chains of restaurants and restaurants generate revenue. An emerging way to make money is to advertise food technology apps like those for online grocery shopping and online food ordering.

The food technology businesses provide restaurants with high consumer traffic in exchange for a transaction charge when customers use the restaurants' applications to order meals online. This helps the food technology companies raise their revenue.

Increasing Internet Penetration Fuels the Market Growth

The market for food technology is expanding primarily because of the increased use of smartphones and internet penetration. Around 69% of the world's population, or 4.9 billion people, are active on the internet as of 2022. Additionally, culinary technologies are employed as platforms for online meal delivery, which aid eateries in expanding their clientele and generating more revenue. This is one thing causing the food technology market to grow.

Focus on Food Safety Propels the Market Growth

Food safety is not a new trend, but there has been a growing emphasis on keeping up with its various aspects, such as labeling and traceability. The food business is experiencing a growing trend of rapid digitization, which has increased the importance of traceability and improved transparency throughout the supply chain. The necessity for better change monitoring and speedy decision-making to address issues like health concerns has increased due to the supply chain network's rapid expansion, which has sped up the adoption of blockchain technology. Additionally, food businesses must abide by the Food and Drug Administration (FDA) new rules regarding meat usage restrictions, shelf-life labeling, and the definition of healthy or natural food.

Innovative Offerings Fuels Market Growth

Companies are focusing on new technologies to provide convenience to consumers when ordering. For instance, Domino's Pizza, Inc. is an American pizza restaurant franchise with locations worldwide. In 2021, Domino's Pizza earned around USD4.36 billion in revenue globally. Domino's has incorporated cutting-edge delivery methods for its consumers over the years. The business uses advanced technologies, including voice automation, autonomous delivery, GPS driver tracking, and others. The company was able to position itself as a pioneer in the food technology sector due to advances in the technologies it employed. The corporation established a solid foothold in the industry owing to Domino's tracker, text and Twitter ordering, wristwatch ordering, and these other methods. Also, Delivery Hero SE is a worldwide European online meal delivery service that is based in Germany and serves customers in over 40 nations throughout Europe, Asia, Latin America, and the Middle East. Delivery Hero has broadened the scope of its services to include speedy commerce services that can complete minor orders in under an hour. Also, Delivery Hero raises sales by 52% year over year and makes progress toward profitability in the first quarter of 2022. The business advertises delivery services on its website or mobile app to make it simple and convenient for clients to find their favorite cuisine wherever they are.

Market Segmentation

The global food tech market is segmented into technology type, service type, and region. Based on technology, the market is segmented into mobile apps and websites. Based on service type, the market is segmented into online food aggregators, online grocery delivery, OTT & convenience services.

Company Profile

Foodpanda, Domino’s Pizza Inc., Doordash Inc., Grubhub Holdings Inc., Goodr, Inc., McDonald’s Corporation, Pizza Hut International, Zomato Limited, Delivery Hero Holding GmbH, Inc., Roofoods Ltd are the major market players in global food tech market.

Report Scope:

In this report, the Global Food Tech Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Food Tech Market, By Technology Type:

Mobile App
Website

Food Tech Market, By Service Type:

Online Food Aggregators
Online Grocery Delivery
OTT & Convenience Services

Food Tech Market, By Region:

North America
The United States
Canada
Mexico
Europe
Russia
France
The United Kingdom
Italy
Spain
Asia-Pacific
China
India
Japan
Indonesia
Vietnam
Middle East & Africa
Saudi Arabia
Egypt
UAE
Turkey
South America
Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global food tech market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.

This product will be delivered within 1-3 business days.

1. Introduction

1.1. Service Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments

4. Voice of Customer Analysis (B2C Model Analysis)

4.1. Sample Size Determination
4.2. Respondent Demographics
4.2.1. By Gender
4.2.2. By Age
4.2.3. By Occupation
4.3. Brand Awareness
4.4. Frequency of Usage
4.5. Factors Influencing Purchase Decision
4.6. Challenges Faced Post Purchase

5. Global Food Tech Market Outlook

5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Technology Type Market Share Analysis (Mobile App, Website)
5.2.2. By Service Type Market Share Analysis (Online Food Aggregators, Online Grocery Delivery, OTT & Convenience Services)
5.2.3. By Regional Market Share Analysis
5.2.3.1. North America Market Analysis
5.2.3.2. South America Market Analysis
5.2.3.3. Middle East & Africa Market Analysis
5.2.3.4. Europe Market Analysis
5.2.3.5. Asia -Pacific Market Analysis
5.2.4. By Company Market Share Analysis
5.3. Global Food Tech Market Mapping & Opportunity Assessment
5.3.1. By Technology Type Market Mapping & Opportunity Assessment
5.3.2. By Service Type Market Mapping & Opportunity Assessment
5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Food Tech Market Outlook

6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Technology Type Market Share Analysis
6.2.2. By Service Type Market Share Analysis
6.2.3. By Country
6.2.3.1. China Food Tech Market Outlook
6.2.3.1.1. Market Size & Forecast
6.2.3.1.1.1. By Value
6.2.3.1.2. Market Share & Forecast
6.2.3.1.2.1. By Technology Type Market Share Analysis
6.2.3.1.2.2. By Service Type Market Share Analysis
6.2.3.2. Japan Food Tech Market Outlook
6.2.3.2.1. Market Size & Forecast
6.2.3.2.1.1. By Value
6.2.3.2.2. Market Share & Forecast
6.2.3.2.2.1. By Technology Type Market Share Analysis
6.2.3.2.2.2. By Service Type Market Share Analysis
6.2.3.3. India Food Tech Market Outlook
6.2.3.3.1. Market Size & Forecast
6.2.3.3.1.1. By Value
6.2.3.3.2. Market Share & Forecast
6.2.3.3.2.1. By Technology Type Market Share Analysis
6.2.3.3.2.2. By Service Type Market Share Analysis
6.2.3.4. Indonesia Food Tech Market Outlook
6.2.3.4.1. Market Size & Forecast
6.2.3.4.1.1. By Value
6.2.3.4.2. Market Share & Forecast
6.2.3.4.2.1. By Technology Type Market Share Analysis
6.2.3.4.2.2. By Service Type Market Share Analysis
6.2.3.5. Vietnam Food Tech Market Outlook
6.2.3.5.1. Market Size & Forecast
6.2.3.5.1.1. By Value
6.2.3.5.2. Market Share & Forecast
6.2.3.5.2.1. By Technology Type Market Share Analysis
6.2.3.5.2.2. By Service Type Market Share Analysis

7. North America Food Tech Market Outlook

7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Technology Type Market Share Analysis
7.2.2. By Service Type Market Share Analysis
7.2.3. By Country
7.2.3.1. United States Food Tech Market Outlook
7.2.3.1.1. Market Size & Forecast
7.2.3.1.1.1. By Value
7.2.3.1.2. Market Share & Forecast
7.2.3.1.2.1. By Technology Type Market Share Analysis
7.2.3.1.2.2. By Service Type Market Share Analysis
7.2.3.2. Canada Food Tech Market Outlook
7.2.3.2.1. Market Size & Forecast
7.2.3.2.1.1. By Value
7.2.3.2.2. Market Share & Forecast
7.2.3.2.2.1. By Technology Type Market Share Analysis
7.2.3.2.2.2. By Service Type Market Share Analysis
7.2.3.3. Mexico Food Tech Market Outlook
7.2.3.3.1. Market Size & Forecast
7.2.3.3.1.1. By Value
7.2.3.3.2. Market Share & Forecast
7.2.3.3.2.1. By Technology Type Market Share Analysis
7.2.3.3.2.2. By Service Type Market Share Analysis

8. Europe Food Tech Market Outlook

8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Technology Type Market Share Analysis
8.2.2. By Service Type Market Share Analysis
8.2.3. By Country
8.2.3.1. Russia Food Tech Market Outlook
8.2.3.1.1. Market Size & Forecast
8.2.3.1.1.1. By Value
8.2.3.1.2. Market Share & Forecast
8.2.3.1.2.1. By Technology Type Market Share Analysis
8.2.3.1.2.2. By Service Type Market Share Analysis
8.2.3.2. Italy Food Tech Market Outlook
8.2.3.2.1. Market Size & Forecast
8.2.3.2.1.1. By Value
8.2.3.2.2. Market Share & Forecast
8.2.3.2.2.1. By Technology Type Market Share Analysis
8.2.3.2.2.2. By Service Type Market Share Analysis
8.2.3.3. France Food Tech Market Outlook
8.2.3.3.1. Market Size & Forecast
8.2.3.3.1.1. By Value
8.2.3.3.2. Market Share & Forecast
8.2.3.3.2.1. By Technology Type Market Share Analysis
8.2.3.3.2.2. By Service Type Market Share Analysis
8.2.3.4. Spain Food Tech Market Outlook
8.2.3.4.1. Market Size & Forecast
8.2.3.4.1.1. By Value
8.2.3.4.2. Market Share & Forecast
8.2.3.4.2.1. By Technology Type Market Share Analysis
8.2.3.4.2.2. By Service Type Market Share Analysis
8.2.3.5. United Kingdom Food Tech Market Outlook
8.2.3.5.1. Market Size & Forecast
8.2.3.5.1.1. By Value
8.2.3.5.2. Market Share & Forecast
8.2.3.5.2.1. By Technology Type Market Share Analysis
8.2.3.5.2.2. By Service Type Market Share Analysis

9. Middle East & Africa Food Tech Market Outlook

9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Technology Type Market Share Analysis
9.2.2. By Service Type Market Share Analysis
9.2.3. By Country
9.2.3.1. Saudi Arabia Food Tech Market Outlook
9.2.3.1.1. Market Size & Forecast
9.2.3.1.1.1. By Value
9.2.3.1.2. Market Share & Forecast
9.2.3.1.2.1. By Technology Type Market Share Analysis
9.2.3.1.2.2. By Service Type Market Share Analysis
9.2.3.2. Egypt Food Tech Market Outlook
9.2.3.2.1. Market Size & Forecast
9.2.3.2.1.1. By Value
9.2.3.2.2. Market Share & Forecast
9.2.3.2.2.1. By Technology Type Market Share Analysis
9.2.3.2.2.2. By Service Type Market Share Analysis
9.2.3.3. UAE Food Tech Market Outlook
9.2.3.3.1. Market Size & Forecast
9.2.3.3.1.1. By Value
9.2.3.3.2. Market Share & Forecast
9.2.3.3.2.1. By Technology Type Market Share Analysis
9.2.3.3.2.2. By Service Type Market Share Analysis
9.2.3.4. Turkey Food Tech Market Outlook
9.2.3.4.1. Market Size & Forecast
9.2.3.4.1.1. By Value
9.2.3.4.2. Market Share & Forecast
9.2.3.4.2.1. By Technology Type Market Share Analysis
9.2.3.4.2.2. By Service Type Market Share Analysis

10. South America Food Tech Market Outlook

10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Technology Type Market Share Analysis
10.2.2. By Service Type Market Share Analysis
10.2.3. By Country
10.2.3.1. Brazil Food Tech Market Outlook
10.2.3.1.1. Market Size & Forecast
10.2.3.1.1.1. By Value
10.2.3.1.2. Market Share & Forecast
10.2.3.1.2.1. By Technology Type Market Share Analysis
10.2.3.1.2.2. By Service Type Market Share Analysis
10.2.3.2. Argentina Food Tech Market Outlook
10.2.3.2.1. Market Size & Forecast
10.2.3.2.1.1. By Value
10.2.3.2.2. Market Share & Forecast
10.2.3.2.2.1. By Technology Type Market Share Analysis
10.2.3.2.2.2. By Service Type Market Share Analysis
10.2.3.3. Colombia Food Tech Market Outlook
10.2.3.3.1. Market Size & Forecast
10.2.3.3.1.1. By Value
10.2.3.3.2. Market Share & Forecast
10.2.3.3.2.1. By Technology Type Market Share Analysis
10.2.3.3.2.2. By Service Type Market Share Analysis

11. Market Dynamics

11.1. Drivers
11.1.1. Increasing Internet Penetration
11.1.2. Focuses on Food Safety
11.1.3. Innovative Offerings
11.2. Challenges
11.2.1. Delivery Fees
11.2.2. Long Delivery Period
11.2.3. Low Quality of Packaged Food

12. Impact of COVID-19 on Global Food Tech Market

12.1. Impact Assessment Model
12.1.1. Key Segments Impacted
12.1.2. Key Regions Impacted
12.1.3. Key Countries Impacted
12.1.4. Key Distribution Channel Impacted

13. Market Trends & Developments

13.1. Expanding Food Delivery Services
13.2. Multiple Payment Options
13.3. Consumer Preference for Healthier Food
13.4. Adopting Buy Now Pay Later Model
13.5. Increased Demand from Middle East & African Countries

14. SWOT Analysis

14.1. Strengths
14.2. Weaknesses
14.3. Opportunities
14.4. Threats

15. Porter’s Five Forces Model

15.1. Competition Landscape
15.2. Buyer Power
15.3. Supplier Power
15.4. Threat of New Entrants
15.5. Threat of Substitutes

16. Competitive Landscape

16.1. Competition Outlook
16.2. Company Profiles
16.2.1. Foodpanda
16.2.1.1. Company Details
16.2.1.2. Products & Services
16.2.1.3. Financials (As Reported)
16.2.1.4. Key Market Focus & Geographical Presence
16.2.1.5. Recent Developments
16.2.1.6. Key Management Personnel
16.2.2. Domino’s Pizza Inc.
16.2.2.1. Company Details
16.2.2.2. Products & Services
16.2.2.3. Financials (As Reported)
16.2.2.4. Key Market Focus & Geographical Presence
16.2.2.5. Recent Developments
16.2.2.6. Key Management Personnel
16.2.3. Doordash Inc.
16.2.3.1. Company Details
16.2.3.2. Products & Services
16.2.3.3. Financials (As Reported)
16.2.3.4. Key Market Focus & Geographical Presence
16.2.3.5. Recent Developments
16.2.3.6. Key Management Personnel
16.2.4. Grubhub Holdings Inc.
16.2.4.1. Company Details
16.2.4.2. Products & Services
16.2.4.3. Financials (As Reported)
16.2.4.4. Key Market Focus & Geographical Presence
16.2.4.5. Recent Developments
16.2.4.6. Key Management Personnel
16.2.5. Goodr, Inc.
16.2.5.1. Company Details
16.2.5.2. Products & Services
16.2.5.3. Financials (As Reported)
16.2.5.4. Key Market Focus & Geographical Presence
16.2.5.5. Recent Developments
16.2.5.6. Key Management Personnel
16.2.6. McDonald’s Corporation
16.2.6.1. Company Details
16.2.6.2. Products & Services
16.2.6.3. Financials (As Reported)
16.2.6.4. Key Market Focus & Geographical Presence
16.2.6.5. Recent Developments
16.2.6.6. Key Management Personnel
16.2.7. Pizza Hut International
16.2.7.1. Company Details
16.2.7.2. Products & Services
16.2.7.3. Financials (As Reported)
16.2.7.4. Key Market Focus & Geographical Presence
16.2.7.5. Recent Developments
16.2.7.6. Key Management Personnel
16.2.8. Zomato Limited
16.2.8.1. Company Details
16.2.8.2. Products & Services
16.2.8.3. Financials (As Reported)
16.2.8.4. Key Market Focus & Geographical Presence
16.2.8.5. Recent Developments
16.2.8.6. Key Management Personnel
16.2.9. Delivery Hero Holding GmbH
16.2.9.1. Company Details
16.2.9.2. Products & Services
16.2.9.3. Financials (As Reported)
16.2.9.4. Key Market Focus & Geographical Presence
16.2.9.5. Recent Developments
16.2.9.6. Key Management Personnel
16.2.10. Roofoods Ltd
16.2.10.1. Company Details
16.2.10.2. Products & Services
16.2.10.3. Financials (As Reported)
16.2.10.4. Key Market Focus & Geographical Presence
16.2.10.5. Recent Developments
16.2.10.6. Key Management Personnel

17. Strategic Recommendations/Action Plan

17.1. Key Focus Areas
17.2. Target Regions
17.3. Target Technology Type
17.4. Target Service Type

18. About the Publisher & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Foodpanda
Domino’s Pizza Inc.
Doordash Inc.
Grubhub Holdings Inc.
Goodr, Inc.
McDonald’s Corporation
Pizza Hut International
Zomato Limited
Delivery Hero Holding GmbH
Roofoods Ltd

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Increasing Internet Penetration Fuels the Market Growth

Focus on Food Safety Propels the Market Growth

Innovative Offerings Fuels Market Growth

Market Segmentation

Company Profile

Report Scope:

Food Tech Market, By Technology Type:

Food Tech Market, By Service Type:

Food Tech Market, By Region:

Competitive Landscape

Available Customizations:

Table of Contents

Companies Mentioned (Partial List)

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