Food is reinventing itself for the future.
The ability to produce, distribute, and offer food to consumers has been diversified thanks to technology. Whether it's for dietary preferences, health, or home delivery, the way we eat and drink has changed radically in less than 10 years.
The FoodTech industry, which encompasses AgriTech, Restaurant Tech, Supply Chain, and Delivery, is on the rise with different paces in each of the verticals but growing together sustainably year after year.
This is a sector with a projected global value of $23 trillion in 2050, with food solutions that will be key to meeting the growing demand, which will increase by 70% over the next decade.
A product with growing demand.
Food will experience the highest demand in the next 10 years, with the increase in population.
Produce and distribute for the ready to eat.
The changing habits of the new generations bring with them new business opportunities.
Food identity, driver of change.
The awareness of the importance of nutrition elevates the sector to something much more than a necessity.
A world of opportunities.
The Foodtech sector continues to experience significant transformation, offering new business opportunities for sector startups.
Innovation in food production, driven by technological advancement, is paving the way for sustainable and efficient food production, such as alternative protein-based products and vertical farming. The adoption of technologies such as Artificial Intelligence and Big Data in the food supply chain is improving efficiency and traceability, reducing food waste and enhancing food safety.
The continued growth of online food commerce and home delivery platforms is creating new market opportunities, bringing producers and consumers closer than ever before. Additionally, the increasing demand for transparency and sustainability among consumers is driving innovation in food packaging and production practices.
These are just a few examples of why the Foodtech sector is becoming a key area of interest for investors, entrepreneurs, food companies, and government policies, paving the way for a more sustainable, efficient, and healthy food future.
