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Food Tech Constitutes a Vast Ecosystem of Technologies
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.
In this era of disruption, technology has become our greatest ally in overcoming the formidable challenges faced by the food industry.
With transformative technologies like the Internet of Things (IoT), big data, and Artificial Intelligence (AI) at our fingertips, the potential is staggering.
The ecosystem for foodtech is vast as well, ranging from agricultural tech to surplus and waste management.
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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.
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