Lucidity Insights

A glimpse of the foodtech ecosystem and value chain

January 07, 2023

Refers to the cross-section of Agriculture and Technology. It involves harnessing the power of technology to maximize productivity, yield, and overall efficiency. Like in all manufacturing verticals, robotics and automation is all the rage with the advent of Industry 4.0. In essence, this entails using technology, IoT, and robotics to create more efficient food processing. Next generation food products that are more likely to have been created in a laboratory than out in nature. This includes plant-based meat products, insect-based proteins, mushroom-based foods, etc. Functional foods, drinks, nootropics, nutraceutals, and meal replacements fall into this category as well.