The North America Food Technology Market would witness market growth of 9.4% CAGR during the forecast period (2023-2030).
The food technology market, an integral component of the food and beverage industry, stands at the crossroads of innovation and tradition, representing a dynamic sector that constantly evolves to meet the ever-changing demands and preferences of consumers worldwide. Food Technology encompasses a diverse range of practices, from food processing and preservation to product development and packaging.
The world of food has undergone a remarkable transformation in recent years, driven by many factors, including changing consumer tastes, advances in scientific research, and the imperative of sustainable and efficient food production. Food technology is the engine behind many of these changes, offering solutions to challenges ranging from food security to waste reduction. It is essential for improving food's sustainability, safety, and quality.
The latest developments in the market have been profoundly influenced by changing consumer preferences and the need for more sustainable and environmentally friendly food production practices. As consumers seek healthier, more convenient, and ethically sourced food options, food technology companies are innovating and adapting to meet these demands.
Mexico has made significant strides in the processing of traditional foods like tortillas and maize-based products. Innovations in maize processing technologies have led to the production of tortillas with improved texture, taste, and extended shelf life. Modern tortilla manufacturing facilities in Mexico now utilize automated systems for mixing, shaping, and cooking, ensuring consistent product quality and food safety.
The adoption of microwave-assisted thermal sterilization (MATS) technology stands out as a key innovation. MATS technology has revolutionized the preservation of ready-to-eat meals by using microwave energy to rapidly and uniformly heat packaged foods. This process maintains the quality and flavor of food while significantly extending its shelf life. MATS technology has become particularly crucial in the military and emergency food supply sectors, ensuring that consumers have access to safe, high-quality meals in various situations. These innovations drive the growth of the regional market.
The US market dominated the North America Food Technology Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $71,140.7 Million by 2030. The Canada market is experiencing a CAGR of 11.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Food Technology Market, by Application
1.4.2 North America Food Technology Market, by Industry
1.4.3 North America Food Technology Market, by Component
1.4.4 North America 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. North America Food Technology Market, by Application
5.1 North America Food Science Market, by Country
5.2 North America Supply Chain Market, by Country
5.3 North America Delivery Market, by Country
5.4 North America Kitchen & Restaurant Tech Market, by Country
5.5 North America Others Market, by Country
Chapter 6. North America Food Technology Market, by Industry
6.1 North America Fish, Meat, & Seafood Market, by Country
6.2 North America Beverages Market, by Country
6.3 North America Dairy Products Market, by Country
6.4 North America Fruits & Vegetables Market, by Country
6.5 North America Grain & Oil Market, by Country
6.6 North America Bakery & Confectionery Market, by Country
6.7 North America Others Market, by Country
Chapter 7. North America Food Technology Market, by Component
7.1 North America Hardware Market, by Country
7.2 North America Software Market, by Country
7.3 North America Services Market, by Country
Chapter 8. North America Food Technology Market, by Country
8.1 US Food Technology Market
8.1.1 US Food Technology Market, by Application
8.1.2 US Food Technology Market, by Industry
8.1.3 US Food Technology Market, by Component
8.2 Canada Food Technology Market
8.2.1 Canada Food Technology Market, by Application
8.2.2 Canada Food Technology Market, by Industry
8.2.3 Canada Food Technology Market, by Component
8.3 Mexico Food Technology Market
8.3.1 Mexico Food Technology Market, by Application
8.3.2 Mexico Food Technology Market, by Industry
8.3.3 Mexico Food Technology Market, by Component
8.4 Rest of North America Food Technology Market
8.4.1 Rest of North America Food Technology Market, by Application
8.4.2 Rest of North America Food Technology Market, by Industry
8.4.3 Rest of North America 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 North America Food Technology Market, 2019 - 2022, USD Million
TABLE 2 North America Food Technology Market, 2023 - 2030, USD Million
TABLE 3 North America Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 4 North America Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 5 North America Food Science Market, by Country, 2019 - 2022, USD Million
TABLE 6 North America Food Science Market, by Country, 2023 - 2030, USD Million
TABLE 7 North America Supply Chain Market, by Country, 2019 - 2022, USD Million
TABLE 8 North America Supply Chain Market, by Country, 2023 - 2030, USD Million
TABLE 9 North America Delivery Market, by Country, 2019 - 2022, USD Million
TABLE 10 North America Delivery Market, by Country, 2023 - 2030, USD Million
TABLE 11 North America Kitchen & Restaurant Tech Market, by Country, 2019 - 2022, USD Million
TABLE 12 North America Kitchen & Restaurant Tech Market, by Country, 2023 - 2030, USD Million
TABLE 13 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 14 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 15 North America Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 16 North America Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 17 North America Fish, Meat, & Seafood Market, by Country, 2019 - 2022, USD Million
TABLE 18 North America Fish, Meat, & Seafood Market, by Country, 2023 - 2030, USD Million
TABLE 19 North America Beverages Market, by Country, 2019 - 2022, USD Million
TABLE 20 North America Beverages Market, by Country, 2023 - 2030, USD Million
TABLE 21 North America Dairy Products Market, by Country, 2019 - 2022, USD Million
TABLE 22 North America Dairy Products Market, by Country, 2023 - 2030, USD Million
TABLE 23 North America Fruits & Vegetables Market, by Country, 2019 - 2022, USD Million
TABLE 24 North America Fruits & Vegetables Market, by Country, 2023 - 2030, USD Million
TABLE 25 North America Grain & Oil Market, by Country, 2019 - 2022, USD Million
TABLE 26 North America Grain & Oil Market, by Country, 2023 - 2030, USD Million
TABLE 27 North America Bakery & Confectionery Market, by Country, 2019 - 2022, USD Million
TABLE 28 North America Bakery & Confectionery Market, by Country, 2023 - 2030, USD Million
TABLE 29 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 30 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 31 North America Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 32 North America Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 33 North America Hardware Market, by Country, 2019 - 2022, USD Million
TABLE 34 North America Hardware Market, by Country, 2023 - 2030, USD Million
TABLE 35 North America Software Market, by Country, 2019 - 2022, USD Million
TABLE 36 North America Software Market, by Country, 2023 - 2030, USD Million
TABLE 37 North America Services Market, by Country, 2019 - 2022, USD Million
TABLE 38 North America Services Market, by Country, 2023 - 2030, USD Million
TABLE 39 North America Food Technology Market, by Country, 2019 - 2022, USD Million
TABLE 40 North America Food Technology Market, by Country, 2023 - 2030, USD Million
TABLE 41 US Food Technology Market, 2019 - 2022, USD Million
TABLE 42 US Food Technology Market, 2023 - 2030, USD Million
TABLE 43 US Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 44 US Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 45 US Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 46 US Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 47 US Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 48 US Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 49 Canada Food Technology Market, 2019 - 2022, USD Million
TABLE 50 Canada Food Technology Market, 2023 - 2030, USD Million
TABLE 51 Canada Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 52 Canada Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 53 Canada Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 54 Canada Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 55 Canada Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 56 Canada Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 57 Mexico Food Technology Market, 2019 - 2022, USD Million
TABLE 58 Mexico Food Technology Market, 2023 - 2030, USD Million
TABLE 59 Mexico Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 60 Mexico Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 61 Mexico Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 62 Mexico Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 63 Mexico Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 64 Mexico Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 65 Rest of North America Food Technology Market, 2019 - 2022, USD Million
TABLE 66 Rest of North America Food Technology Market, 2023 - 2030, USD Million
TABLE 67 Rest of North America Food Technology Market, by Application, 2019 - 2022, USD Million
TABLE 68 Rest of North America Food Technology Market, by Application, 2023 - 2030, USD Million
TABLE 69 Rest of North America Food Technology Market, by Industry, 2019 - 2022, USD Million
TABLE 70 Rest of North America Food Technology Market, by Industry, 2023 - 2030, USD Million
TABLE 71 Rest of North America Food Technology Market, by Component, 2019 - 2022, USD Million
TABLE 72 Rest of North America Food Technology Market, by Component, 2023 - 2030, USD Million
TABLE 73 key information – Delivery Hero SE
TABLE 74 Key Information – HelloFresh SE
TABLE 75 Key information – Swiggy
TABLE 76 Key Information – Flytrex Inc.
TABLE 77 Key Information – Trax Technology Solutions Pte. Ltd.
TABLE 78 Key Information – CUBIQ FOODS S.L.
TABLE 79 Key Information – Lunchbox Technologies, Inc.
TABLE 80 Key Information – Miso Robotics, Inc.
TABLE 81 Key Information – Carlisle Technology
TABLE 82 Key Information – Domino’s Pizza, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Food Technology Market share, by Application, 2022
FIG 6 North America Food Technology Market share, by Application, 2030
FIG 7 North America Food Technology Market, by Application, 2019 - 2030, USD Million
FIG 8 North America Food Technology Market share, by Industry, 2022
FIG 9 North America Food Technology Market share, by Industry, 2030
FIG 10 North America Food Technology Market, by Industry, 2019 - 2030, USD Million
FIG 11 North America Food Technology Market share, by Component, 2022
FIG 12 North America Food Technology Market share, by Component, 2030
FIG 13 North America Food Technology Market, by Component, 2019 - 2030, USD Million
FIG 14 North America Food Technology Market share, by Country, 2022
FIG 15 North America Food Technology Market share, by Country, 2030
FIG 16 North America 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.