The Asia Pacific Food Technology Market would witness market growth of 10.5% CAGR during the forecast period (2023-2030).
Sustainability is a paramount concern within the market, with innovations aimed at reducing the environmental footprint of food production. From the development of eco-friendly packaging materials to the reduction of water and energy usage in food processing, sustainable practices are driving positive change. Companies are increasingly embracing circular economy principles, recycling, and upcycling food waste to minimize environmental impact.
Furthermore, food technology is playing a critical role in addressing the challenge of food security. The latest developments in this sector include precision agriculture, which utilizes technology and data to optimize crop yields and reduce resource use. In addition, genetic modification and breeding techniques are being harnessed to develop crop varieties that are more resilient and productive.
The market is expanding because of the growing demand for the food supply chain to be automated and digitalized. Additionally, rising investments and technological breakthroughs spur market expansion. Food technology enhances the food industry at different levels, including usage, distribution, packaging, and processing. Market participants make use of big data, the Internet of Things (IoT), and artificial intelligence (AI). Using these technologies contributes to more efficient and sustainable operations throughout the food value chain.
Korea has an established food processing sector that produces a wide range of processed foods, drinks, and additives. More than 31,300 food processing businesses with sales of 79.1 trillion KRW, or roughly $69.1 billion, existed in Korea as of 2021. Korean food manufacturing businesses are primarily dependent on imported raw materials and ingredients. In 2018, Korea imported $13.3 billion of basic and intermediate agricultural goods. Additionally, between FY 2018 and FY 2023, the milk processing industry in India is predicted to develop at a compound annual growth rate (CAGR) of 14.8%, with a target of INR 2,458.743 Bn ($32.57 Bn).
In Japan, sales for the food service industry in hotels, restaurants, and other institutional settings (HRI) was JPY 25,517 trillion (US$239.1 trillion) in 2020. The sizable food consumption demands of Japan are still significant for imports and will remain a key sector for foreign agricultural products that serve the Japanese HRI food service companies. It is anticipated that the growth of the food processing and food service industries in the region will coincide with the expansion of the regional market.
The China market dominated the Asia Pacific Food Technology Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $31,206.4 Million by 2030. The Japan market is registering a CAGR of 9.7% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 11.1% during (2023 - 2030).
Based on Application, the market is segmented into Food Science, Supply Chain, Delivery, Kitchen & Restaurant Tech and Others. Based on Application, the market is segmented into Fish, Meat, & Seafood, Beverages, Dairy Products, Fruits & Vegetables, Grain & Oil, Bakery & Confectionery and Others. Based on Component, the market is segmented into Hardware, Software and Services. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Food Technology Market is Predict to reach $342.1 Billion by 2030, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Delivery Hero SE, HelloFresh SE, Swiggy, Flytrex Inc., Trax Technology Solutions Pte. Ltd., CUBIQ FOODS S.L., Lunchbox Technologies, Inc., Miso Robotics, Inc., Carlisle Technology, and Domino’s Pizza, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Food Science
- Supply Chain
- Delivery
- Kitchen & Restaurant Tech
- Others
By Industry
- Fish, Meat, & Seafood
- Beverages
- Dairy Products
- Fruits & Vegetables
- Grain & Oil
- Bakery & Confectionery
- Others
By Component
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Delivery Hero SE
- HelloFresh SE
- Swiggy
- Flytrex Inc.
- Trax Technology Solutions Pte. Ltd.
- CUBIQ FOODS S.L.
- Lunchbox Technologies, Inc.
- Miso Robotics, Inc.
- Carlisle Technology
- Domino’s Pizza, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Food Technology Market, by Application
1.4.2 Asia Pacific Food Technology Market, by Industry
1.4.3 Asia Pacific Food Technology Market, by Component
1.4.4 Asia Pacific Food Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Recent Strategies Deployed in Food Technology Market
Chapter 5. Asia Pacific Food Technology Market, by Application
5.1 Asia Pacific Food Science Market, by Country
5.2 Asia Pacific Supply Chain Market, by Country
5.3 Asia Pacific Delivery Market, by Country
5.4 Asia Pacific Kitchen & Restaurant Tech Market, by Country
5.5 Asia Pacific Others Market, by Country
Chapter 6. Asia Pacific Food Technology Market, by Industry
6.1 Asia Pacific Fish, Meat, & Seafood Market, by Country
6.2 Asia Pacific Beverages Market, by Country
6.3 Asia Pacific Dairy Products Market, by Country
6.4 Asia Pacific Fruits & Vegetables Market, by Country
6.5 Asia Pacific Grain & Oil Market, by Country
6.6 Asia Pacific Bakery & Confectionery Market, by Country
6.7 Asia Pacific Others Market, by Country
Chapter 7. Asia Pacific Food Technology Market, by Component
7.1 Asia Pacific Hardware Market, by Country
7.2 Asia Pacific Software Market, by Country
7.3 Asia Pacific Services Market, by Country
Chapter 8. Asia Pacific Food Technology Market, by Country
8.1 China Food Technology Market
8.1.1 China Food Technology Market, by Application
8.1.2 China Food Technology Market, by Industry
8.1.3 China Food Technology Market, by Component
8.2 Japan Food Technology Market
8.2.1 Japan Food Technology Market, by Application
8.2.2 Japan Food Technology Market, by Industry
8.2.3 Japan Food Technology Market, by Component
8.3 India Food Technology Market
8.3.1 India Food Technology Market, by Application
8.3.2 India Food Technology Market, by Industry
8.3.3 India Food Technology Market, by Component
8.4 South Korea Food Technology Market
8.4.1 South Korea Food Technology Market, by Application
8.4.2 South Korea Food Technology Market, by Industry
8.4.3 South Korea Food Technology Market, by Component
8.5 Singapore Food Technology Market
8.5.1 Singapore Food Technology Market, by Application
8.5.2 Singapore Food Technology Market, by Industry
8.5.3 Singapore Food Technology Market, by Component
8.6 Malaysia Food Technology Market
8.6.1 Malaysia Food Technology Market, by Application
8.6.2 Malaysia Food Technology Market, by Industry
8.6.3 Malaysia Food Technology Market, by Component
8.7 Rest of Asia Pacific Food Technology Market
8.7.1 Rest of Asia Pacific Food Technology Market, by Application
8.7.2 Rest of Asia Pacific Food Technology Market, by Industry
8.7.3 Rest of Asia Pacific Food Technology Market, by Component
Chapter 9. Company Profiles
9.1 Delivery Hero SE
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.5.3 Geographical Expansions:
9.1.6 SWOT Analysis
9.2 HelloFresh SE
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Product Launches and Product Expansions:
9.2.4.3 Acquisition and Mergers:
9.2.5 SWOT Analysis
9.3 Swiggy (Bundl Technologies Pvt. Ltd.)
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Acquisition and Mergers:
9.3.3 SWOT Analysis
9.4 Flytrex Inc.
9.4.1 Company Overview
9.4.2 SWOT Analysis
9.5 Trax Technology Solutions Pte. Ltd.
9.5.1 Company Overview
9.6 CUBIQ FOODS S.L.
9.6.1 Company Overview
9.6.2 SWOT Analysis
9.7 Lunchbox Technologies, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Acquisition and Mergers:
9.7.3 SWOT Analysis
9.8 Miso Robotics, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.3 SWOT Analysis
9.9 Carlisle Technology
9.9.1 Company Overview
9.10. Domino’s Pizza, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
9.10.4 Recent strategies and developments:
9.10.4.1 Partnerships, Collaborations, and Agreements:
9.10.4.2 Product Launches and Product Expansions:
9.10.5 SWOT Analysis
TABLE 1 Asia Pacific Food Technology Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Food Technology Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Food Science Market, by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Food Science Market, by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Supply Chain Market, by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Supply Chain Market, by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Delivery Market, by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Delivery Market, by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Kitchen & Restaurant Tech Market, by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Kitchen & Restaurant Tech Market, by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Others Market, by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Others Market, by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Fish, Meat, & Seafood Market, by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Fish, Meat, & Seafood Market, by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Beverages Market, by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Beverages Market, by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Dairy Products Market, by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Dairy Products Market, by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Fruits & Vegetables Market, by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Fruits & Vegetables Market, by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Grain & Oil Market, by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Grain & Oil Market, by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Bakery & Confectionery Market, by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Bakery & Confectionery Market, by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Others Market, by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Others Market, by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Hardware Market, by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Hardware Market, by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Software Market, by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Software Market, by Country, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Services Market, by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Services Market, by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Food Technology Market, by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Food Technology Market, by Country, 2023 - 2030, USD Million
TABLE 41 China Food Technology Market, 2019 - 2022, USD Million
TABLE 42 China Food Technology Market, 2023 - 2030, USD Million
TABLE 43 China Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 44 China Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 45 China Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 46 China Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 47 China Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 48 China Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 49 Japan Food Technology Market, 2019 - 2022, USD Million
TABLE 50 Japan Food Technology Market, 2023 - 2030, USD Million
TABLE 51 Japan Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 52 Japan Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 53 Japan Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 54 Japan Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 55 Japan Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 56 Japan Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 57 India Food Technology Market, 2019 - 2022, USD Million
TABLE 58 India Food Technology Market, 2023 - 2030, USD Million
TABLE 59 India Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 60 India Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 61 India Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 62 India Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 63 India Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 64 India Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 65 South Korea Food Technology Market, 2019 - 2022, USD Million
TABLE 66 South Korea Food Technology Market, 2023 - 2030, USD Million
TABLE 67 South Korea Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 68 South Korea Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 69 South Korea Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 70 South Korea Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 71 South Korea Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 72 South Korea Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 73 Singapore Food Technology Market, 2019 - 2022, USD Million
TABLE 74 Singapore Food Technology Market, 2023 - 2030, USD Million
TABLE 75 Singapore Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 76 Singapore Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 77 Singapore Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 78 Singapore Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 79 Singapore Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 80 Singapore Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 81 Malaysia Food Technology Market, 2019 - 2022, USD Million
TABLE 82 Malaysia Food Technology Market, 2023 - 2030, USD Million
TABLE 83 Malaysia Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 84 Malaysia Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 85 Malaysia Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 86 Malaysia Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 87 Malaysia Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 88 Malaysia Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 89 Rest of Asia Pacific Food Technology Market, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Food Technology Market, 2023 - 2030, USD Million
TABLE 91 Rest of Asia Pacific Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 92 Rest of Asia Pacific Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 93 Rest of Asia Pacific Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 94 Rest of Asia Pacific Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 95 Rest of Asia Pacific Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 96 Rest of Asia Pacific Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 97 key information – Delivery Hero SE
TABLE 98 Key Information – HelloFresh SE
TABLE 99 Key information – Swiggy
TABLE 100 Key Information – Flytrex Inc.
TABLE 101 Key Information – Trax Technology Solutions Pte. Ltd.
TABLE 102 Key Information – CUBIQ FOODS S.L.
TABLE 103 Key Information – Lunchbox Technologies, Inc.
TABLE 104 Key Information – Miso Robotics, Inc.
TABLE 105 Key Information – Carlisle Technology
TABLE 106 Key Information – Domino’s Pizza, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Food Technology Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Food Technology Market
FIG 4 Porter’s Five Forces Analysis - Food Technology Market
FIG 5 Asia Pacific Food Technology Market share, by Application, 2022
FIG 6 Asia Pacific Food Technology Market share, by Application, 2030
FIG 7 Asia Pacific Food Technology Market, by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Food Technology Market share, by Industry, 2022
FIG 9 Asia Pacific Food Technology Market share, by Industry, 2030
FIG 10 Asia Pacific Food Technology Market, by Industry, 2019 - 2030, USD Million
FIG 11 Asia Pacific Food Technology Market share, by Component, 2022
FIG 12 Asia Pacific Food Technology Market share, by Component, 2030
FIG 13 Asia Pacific Food Technology Market, by Component, 2019 - 2030, USD Million
FIG 14 Asia Pacific Food Technology Market share, by Country, 2022
FIG 15 Asia Pacific Food Technology Market share, by Country, 2030
FIG 16 Asia Pacific Food Technology Market, by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Delivery Hero SE
FIG 18 SWOT Analysis: HelloFresh SE
FIG 19 SWOT Analysis: Swiggy
FIG 20 SWOT Analysis: Flytrex Inc.
FIG 21 SWOT Analysis: CUBIQ FOODS S.L.
FIG 22 SWOT Analysis: Lunchbox Technologies, Inc.
FIG 23 SWOT Analysis: Miso Robotics, Inc.
FIG 24 SWOT Analysis: Domino’s Pizza, Inc.