Food Technology Market Outlook Showcasing Key Developments Shaping the Industry
The global food technology market is undergoing a transformative phase, driven by rapid digitalization, evolving consumer preferences, and the urgent need to build resilient, efficient, and sustainable food systems. The market is likely to be valued at US$ 244.5 billion in 2026 and is expected to reach US$ 473.4 billion by 2033, registering a robust compound annual growth rate (CAGR) of 9.9% during the forecast period from 2026 to 2033. This strong growth outlook reflects the increasing integration of advanced technologies across the food value chain, from agricultural production and food processing to distribution, retail, and consumption. Food technology, often referred to as foodtech, encompasses a broad spectrum of innovations aimed at improving food quality, safety, accessibility, sustainability, and affordability. The convergence of artificial intelligence, data analytics, automation, biotechnology, and digital platforms is redefining traditional food systems and enabling...