The Latin America, Middle East and Africa Food Technology Market would witness market growth of 11.8% CAGR during the forecast period (2023-2030).
Recent market trends include but are not limited to, automation, food traceability, and customized diets. For example, supermarkets use blockchain to track down poultry that has not been given antibiotics before producing chicken meat. The food business can benefit from robotics by using it to handle a variety of delicate and challenging products and operate in demanding work environments.
Recent innovations and collaborations in the market have transformed the way food is produced, processed, and consumed. A combination of consumer demand for healthier and sustainable food options and the integration of cutting-edge technologies drives these advancements. One notable innovation is the rise of plant-based meat substitutes. Companies like Beyond Meat and Impossible Foods have developed plant-based meat products that closely mimic the taste and texture of traditional animal-based meat. This innovation has gained significant popularity among consumers seeking more sustainable and ethical alternatives. It has led to collaborations between plant-based meat companies, established fast-food chains, and traditional meat producers, resulting in plant-based menu items and hybrid meat products. The landscape of protein is changing as a result of these innovations, giving customers more options.
Even though many countries in Latin America have adopted cutting-edge, carefully planned food regulations, the region is still planning to implement more consistent and effective food regulations. Latin American countries are working together on this partly because of the rapid pace of globalization. The region encourages more collaboration, regulation, and implementation, and the regulatory bodies in Latin America want the region's food laws to be more uniformly applied.
The Brazilian Health Regulatory Agency (Anvisa) is a nationwide autarchy connected to the Ministry of Health. By implementing sanitary control over the manufacture, marketing, and use of goods and services subject to health regulation, including related surroundings, procedures, substances, and technology, Anvisa promotes the protection of the general public's health.
Food testing and safety are being given more attention as processed, packaged, ready-to-eat, and perishable foods are now available through a broader range of retail channels. For instance, the Food and Agriculture Organization (FAO) reports that growing urbanization in Latin America has significantly altered the food distribution and production systems, with supermarkets accounting for approximately 50% of all grocery sales. The market will expand in this region due to all of these factors.
The Brazil market dominated the LAMEA Food Technology Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,965.9 Million by 2030. The Argentina market is showcasing a CAGR of 12.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 11.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Food Technology Market is Projected to reach USD 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Food Technology Market, by Application
1.4.2 LAMEA Food Technology Market, by Industry
1.4.3 LAMEA Food Technology Market, by Component
1.4.4 LAMEA 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. LAMEA Food Technology Market, by Application
5.1 LAMEA Food Science Market, by Country
5.2 LAMEA Supply Chain Market, by Country
5.3 LAMEA Delivery Market, by Country
5.4 LAMEA Kitchen & Restaurant Tech Market, by Country
5.5 LAMEA Others Market, by Country
Chapter 6. LAMEA Food Technology Market, by Industry
6.1 LAMEA Fish, Meat, & Seafood Market, by Country
6.2 LAMEA Beverages Market, by Country
6.3 LAMEA Dairy Products Market, by Country
6.4 LAMEA Fruits & Vegetables Market, by Country
6.5 LAMEA Grain & Oil Market, by Country
6.6 LAMEA Bakery & Confectionery Market, by Country
6.7 LAMEA Others Market, by Country
Chapter 7. LAMEA Food Technology Market, by Component
7.1 LAMEA Hardware Market, by Country
7.2 LAMEA Software Market, by Country
7.3 LAMEA Services Market, by Country
Chapter 8. LAMEA Food Technology Market, by Country
8.1 Brazil Food Technology Market
8.1.1 Brazil Food Technology Market, by Application
8.1.2 Brazil Food Technology Market, by Industry
8.1.3 Brazil Food Technology Market, by Component
8.2 Argentina Food Technology Market
8.2.1 Argentina Food Technology Market, by Application
8.2.2 Argentina Food Technology Market, by Industry
8.2.3 Argentina Food Technology Market, by Component
8.3 UAE Food Technology Market
8.3.1 UAE Food Technology Market, by Application
8.3.2 UAE Food Technology Market, by Industry
8.3.3 UAE Food Technology Market, by Component
8.4 Saudi Arabia Food Technology Market
8.4.1 Saudi Arabia Food Technology Market, by Application
8.4.2 Saudi Arabia Food Technology Market, by Industry
8.4.3 Saudi Arabia Food Technology Market, by Component
8.5 South Africa Food Technology Market
8.5.1 South Africa Food Technology Market, by Application
8.5.2 South Africa Food Technology Market, by Industry
8.5.3 South Africa Food Technology Market, by Component
8.6 Nigeria Food Technology Market
8.6.1 Nigeria Food Technology Market, by Application
8.6.2 Nigeria Food Technology Market, by Industry
8.6.3 Nigeria Food Technology Market, by Component
8.7 Rest of LAMEA Food Technology Market
8.7.1 Rest of LAMEA Food Technology Market, by Application
8.7.2 Rest of LAMEA Food Technology Market, by Industry
8.7.3 Rest of LAMEA 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 LAMEA Food Technology Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Food Technology Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 4 LAMEA Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 5 LAMEA Food Science Market, by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Food Science Market, by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Supply Chain Market, by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Supply Chain Market, by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Delivery Market, by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Delivery Market, by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Kitchen & Restaurant Tech Market, by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Kitchen & Restaurant Tech Market, by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Others Market, by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Others Market, by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 16 LAMEA Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 17 LAMEA Fish, Meat, & Seafood Market, by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Fish, Meat, & Seafood Market, by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Beverages Market, by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Beverages Market, by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Dairy Products Market, by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Dairy Products Market, by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Fruits & Vegetables Market, by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Fruits & Vegetables Market, by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Grain & Oil Market, by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Grain & Oil Market, by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Bakery & Confectionery Market, by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Bakery & Confectionery Market, by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Others Market, by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Others Market, by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 32 LAMEA Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 33 LAMEA Hardware Market, by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Hardware Market, by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Software Market, by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Software Market, by Country, 2023 - 2030, USD Million
TABLE 37 LAMEA Services Market, by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Services Market, by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Food Technology Market, by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Food Technology Market, by Country, 2023 - 2030, USD Million
TABLE 41 Brazil Food Technology Market, 2019 - 2022, USD Million
TABLE 42 Brazil Food Technology Market, 2023 - 2030, USD Million
TABLE 43 Brazil Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 44 Brazil Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 45 Brazil Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 46 Brazil Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 47 Brazil Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 48 Brazil Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 49 Argentina Food Technology Market, 2019 - 2022, USD Million
TABLE 50 Argentina Food Technology Market, 2023 - 2030, USD Million
TABLE 51 Argentina Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 52 Argentina Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 53 Argentina Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 54 Argentina Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 55 Argentina Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 56 Argentina Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 57 UAE Food Technology Market, 2019 - 2022, USD Million
TABLE 58 UAE Food Technology Market, 2023 - 2030, USD Million
TABLE 59 UAE Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 60 UAE Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 61 UAE Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 62 UAE Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 63 UAE Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 64 UAE Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia Food Technology Market, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Food Technology Market, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 69 Saudi Arabia Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 73 South Africa Food Technology Market, 2019 - 2022, USD Million
TABLE 74 South Africa Food Technology Market, 2023 - 2030, USD Million
TABLE 75 South Africa Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 76 South Africa Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 77 South Africa Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 78 South Africa Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 79 South Africa Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 80 South Africa Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 81 Nigeria Food Technology Market, 2019 - 2022, USD Million
TABLE 82 Nigeria Food Technology Market, 2023 - 2030, USD Million
TABLE 83 Nigeria Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 84 Nigeria Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 85 Nigeria Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 86 Nigeria Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 87 Nigeria Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 88 Nigeria Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 89 Rest of LAMEA Food Technology Market, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Food Technology Market, 2023 - 2030, USD Million
TABLE 91 Rest of LAMEA Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 92 Rest of LAMEA Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 93 Rest of LAMEA Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 94 Rest of LAMEA Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 96 Rest of LAMEA 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 LAMEA 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 LAMEA Food Technology Market share, by Application, 2022
FIG 6 LAMEA Food Technology Market share, by Application, 2030
FIG 7 LAMEA Food Technology Market, by Application, 2019 - 2030, USD Million
FIG 8 LAMEA Food Technology Market share, by Industry, 2022
FIG 9 LAMEA Food Technology Market share, by Industry, 2030
FIG 10 LAMEA Food Technology Market, by Industry, 2019 - 2030, USD Million
FIG 11 LAMEA Food Technology Market share, by Component, 2022
FIG 12 LAMEA Food Technology Market share, by Component, 2030
FIG 13 LAMEA Food Technology Market, by Component, 2019 - 2030, USD Million
FIG 14 LAMEA Food Technology Market share, by Country, 2022
FIG 15 LAMEA Food Technology Market share, by Country, 2030
FIG 16 LAMEA 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.