What is the present valuation and projected CAGR of the artificial intelligence (ai) in foodtech market?
The artificial intelligence (AI) in foodtech market size has grown exponentially in recent years. It will grow from $6.38 $ billion in 2024 to $8.58 $ billion in 2025 at a compound annual growth rate (CAGR) of 34.5%. The growth in the historic period can be attributed to increase in demand for automation, growth in supply chain optimization, increase in food safety and compliance, rise in consumer demand, and rise in improved operational efficiency and cost reduction.
The artificial intelligence (AI) in foodtech market size is expected to see exponential growth in the next few years. It will grow to $27.73 $ billion in 2029 at a compound annual growth rate (CAGR) of 34.1%. The growth in the forecast period can be attributed to increasing consumer demand for personalized nutrition, rising food safety and quality control, increasing supply chain optimization, rising sustainability and waste reduction, and growing food safety monitoring. Major trends in the forecast period include technological innovations, personalized nutrition and meal planning, smart farming and precision agriculture, predictive analytics for demand forecasting, and adoption of robotics and automation in food processing.
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What key drivers have fueled the artificial intelligence (ai) in foodtech market’s development over the years?
The rise in the food delivery business is expected to propel the growth of artificial intelligence (AI) in the foodtech market going forward. The food delivery business refers to the industry segment that directly transports prepared meals from restaurants, cafes, or other food establishments to customers’ locations, such as homes or offices. The food delivery business is rising due to increasing consumer demand for convenience, the growth of online ordering platforms, and the expanding availability of delivery services from a wide range of restaurants and food providers. AI in food helps the food delivery business by optimizing route planning for delivery drivers, predicting customer preferences for personalized recommendations, and automating order management to enhance efficiency and reduce delivery times. For instance, in May 2024, according to the Economic Times, an India-based media company, in the first half of 2023, Swiggy (an India-based online food ordering and delivery platform) food delivery business recorded a 17% year-on-year growth in gross merchandise value (GMV), reaching $1.43 billion. Therefore, the rise in the food delivery business is driving artificial intelligence (AI) in the foodtech market.
What is the segmentation for the artificial intelligence (ai) in foodtech market?
The artificial intelligence (AI) in foodtech market covered in this report is segmented –
1) By Component: Solution, Services
2) By Application: Food Production And Processing, Product Development And Innovation, Supply Chain Management, Food Safety And Compliance, Other Applications
3) By End-User: Food And Beverage Manufacturers, Restaurants And Food Service Providers, Other End-Users
Subsegments:
1) By Solution: AI-Based Food Quality Monitoring Systems, AI-Powered Predictive Analytics For Demand Forecasting, AI in Supply Chain Optimization, Smart Kitchen Solutions, AI For Personalization In Food Recommendations, Automated Food Processing And Packaging Systems, AI-Driven Food Safety Systems, AI-Powered Robotics For Food Preparation
2) By Services: AI Consulting Services, AI Integration and Implementation Services, AI Training and Support Services, Managed Services For AI Systems, AI Data Analytics Services, AI Algorithm Customization Services, AI Testing And Quality Assurance Services
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Who are the most influential companies in the artificial intelligence (ai) in foodtech market?
Major companies operating in the artificial intelligence (AI) in foodtech market are Microsoft Corporation, Cargill Incorporated, International Business Machines Corporation, Oracle Corporation, SAP SE, NVIDIA Corporation, Agilent Technologies Inc., Zebra Technologies Corporation, InstaCart, TOMRA Systems ASA, Blue Yonder Group Inc., Grubhub Inc., Google DeepMind Technologies Limited, Rebel Foods, Tovala, Saffron Tech, Blue River Technology, Brightseed, Clear Labs Inc., Nutrino Health Ltd., FoodLogiQ, NotCo Ltd., AgShift, Zest Labs, ImpactVision
What are the top industry trends projected to impact the artificial intelligence (ai) in foodtech market?
Major companies operating in the artificial intelligence (AI) in the foodtech market are focused on developing advanced solutions such as AI-powered kitchen assistants to streamline kitchen operations, reduce labor costs, and enhance consistency in food quality. An AI-powered kitchen assistant is smart technology designed to help with various tasks in the kitchen, using artificial intelligence to enhance cooking and meal preparation. These assistants can come in various forms, including apps, smart devices, or integrated systems. For instance, in November 2022, Miso Robotics, a US-based automation machinery manufacturing company, introduced Flippy 2, an AI-powered kitchen assistant designed to automate frying tasks. Flippy 2 offers real-time data analytics for operational insights and integrates seamlessly with existing kitchen setups, allowing for improved food quality and faster service. Flippy 2 is a robotic solution for managing an entire fry station and actively improves operations in quick-service restaurants (QSRs). It reduces order-to-delivery times and enhances food consistency, which, in turn, creates a better work environment for human staff. By handling the fry station tasks, Flippy 2 allows human team members to focus on more engaging roles, such as interacting with customers at the drive-thru or register.
What are the major regional insights for the artificial intelligence (ai) in foodtech market, and which region holds the top position?
North America was the largest region in the artificial intelligence (AI) in foodtech market in 2024. The regions covered in the artificial intelligence (AI) in foodtech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Artificial Intelligence (AI) In Foodtech Market Report 2025 Offer?
The artificial intelligence (ai) in foodtech market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Artificial intelligence (AI) in food tech refers to applying AI technologies to innovate and optimize various processes in the food industry. This includes automating tasks such as food production, processing, quality control, supply chain management, and personalized nutrition. AI is used for predictive analytics in demand forecasting, reducing food waste, improving food safety, and enhancing customer experiences through customized recommendations and smart kitchen appliances.
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