Sizing and Forecast
The digital food management market size has grown rapidly in recent years. It will grow from $2.52 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to increased internet penetration, smartphone adoption, consumer demand or convenience, rise of food delivery platforms, pandemic-induced changes.
Segmentation & Regional Insights
The digital food management market covered in this report is segmented –
1) By Type: Software Solutions, Hardware Solutions, Services
2) By Technology: Computer-Aided Design (CAD), Computer-Aided Engineering (CAE), Sales Force Automation (SFA), Enterprise Resource Planning (ERP), Other Technologies
3) By Application: Food Safety, Marketing, Other Applications
4) By End-User: Restaurants And Cafes, Fast Food Chains, Catering Services, Hotels and Hospitality, Food Trucks, Other End Users
North America was the largest region in the digital food management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital food management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for convenience in online ordering and contactless dining is expected to propel the growth of the digital food management market going forward. Online ordering and contactless dining refer to restaurant services that allow customers to place orders and make payments without interacting closely with staff members or touching shared surfaces. Digital food management streamlines online ordering and contactless dining by enhancing efficiency, accuracy, and customer convenience through automated processes and real-time data integration. For instance, in October 2023, according to the Hotel Tech Report, a US-based hotel management software provider, from March 2020 to March 2021, there was a rise in the use of food delivery apps among American consumers, growing from 38% to 47%. Therefore, the increasing demand for convenience in online ordering and contactless dining is driving the growth of the digital food management market.
Key Industry Players
Major companies operating in the digital food management market report are Oracle Corporation, Uber Technologies Inc., Block Inc., Booking Holdings Inc., DoorDash Inc., Just Eat Takeaway.com, Roper Technologies Inc., Toast Inc., Grubhub Inc., Deliveroo, Zoho Corp. Pvt. Ltd., Lightspeed POS Inc., CBORD Group Inc., The CBORD Group Inc., AGILYSYS INC., TouchBistro Inc., Kellton Tech Solutions Ltd., HungerRush LLC, Omega Softwares Inc., iNECTA LLC, Tastewise Technologies Ltd., GOFRUGAL Technologies, APICBASE NV, Profileprint PTE LTD.
The digital food management market report table of contents includes:
1. Executive Summary
2. Digital Food Management Market Characteristics
3. Digital Food Management Market Trends And Strategies
4. Digital Food Management Market – Macro Economic Scenario
5. Global Digital Food Management Market Size and Growth
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32. Global Digital Food Management Market Competitive Benchmarking
33. Global Digital Food Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Digital Food Management Market
35. Digital Food Management Market Future Outlook and Potential Analysis
36. Appendix
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