Food Security Issues that Foodtech Could Help Address
By Lucidity Insights Research Team 17 August 2023

Food Security Issues that Foodtech Could Help Address

As our global population hurtles towards the 10 billion mark by 2050, the hunger for food is reaching unprecedented levels. It's no secret that the food and agriculture industry reigns supreme as the largest on our planet, catering to a loyal customer-base of 7.9 billion people.

But with this soaring demand comes a cascade of challenges that threaten to shake the very foundations of food production. From population growth to climate change impacts, food wastage in the supply chain to the environmental toll of production, and farming industries on the decline around the world driven by younger generations opting for non-agricultural career paths – the stakes have never been higher. That's why the convergence of food and technology has become an urgent imperative.

Related Report

The Growing Business of Foodtech

There are over 124 foodtech unicorns around the world worth over US $1.3 trillion. The Foodtech market itself surpassed US $260 billion last year alone. Alt-Proteins, 3D Printing Food, and AI integrated Restaurant SaaS: The future of food has arrived. In addition to looking at foodtech globally, in this special report we also look at the future of food technology scene in the MENA region, our special report delves deeper into the dynamics of Foodtech in MENA.