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Food Security Issues that Foodtech Could Help Address (2)
The foodtech industry is on a mission to transform the way we produce, distribute, and consume food. This is because by 2022, more than 1 billion people will be obese. Ironically, more than 789 million people are undernourished.
The main factors impeding growth, particularly in areas of high inequality, include conflict, climate variability and extremes, and economic slowdowns and downturns. The road to SDG2 was also becoming much more difficult because of the COVID-19 epidemic.
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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.
