IT'S TIME TO TAKE A BITE OUT OF THE FOODTECH INDUSTRY
IT'S A FOOD REVOLUTION! HERE ARE TRENDS IN FOODTECH TO WATCH FOR
There has been a technological revolution in the food and beverage industry. The global foodtech market is projected to reach a value of USD 342.52 Billion by the year 2027, according to a recent analysis by Emergen Research. Much of this growth can be attributed to the adoption of technology in food processing to reduce food waste and energy consumption, adopting emerging technology regarding food safety and promoting sustainable development within the hospitality industry to provide efficient operations.
5 Trends To Watch For in 2022
What is Foodtech?
Foodtech is products and/or services in the food industry that leverage innovative techniques to process food or improve food ingredients' functionality and efficiencies.
Based on our analysis, there has yet to be a clear hub or cluster established anywhere in the world. Perhaps your region could be the next foodtech hub?
LET'S TALK FOODTECH COMPANIES
Feed is a fast-growing French foodtech company that designs nutritious meals in formats suitable for active people. This company is one to watch and combines the best of both worlds for busy individuals who want a balanced, nutritional meal but don't have time for preparation.
Innovation meets the farm. We can't talk about the food and beverage industry without mentioning the transformation of where our food is coming from and the technology behind sustainable food production systems. With a G-Score of 6, AeroFarms is an urban agricultural company that provides a growing aeroponic system that grows and produces with neither soil nor sun in any location. This is all possible due to the nature of their modular, stackable systems, which are easy to store and enable local production of pesticide-free greens. This allows the food production system to become more sustainable, efficient, and safe by creating commercial-scale farming in urban centers.
Leveraging innovative techniques to solve customers' grocery delivery problems, BigBasket is an online food and grocery store that delivers personal and household needs right to customers' doorstep. Headquartered in Bangalore, India, this fast-growing company with a G-Score of 3 believes in being smart, quick, and efficient, making life as leisurely as possible. You can also find BigBasket on the Global Unicorn Companies to Watch for 2021 list.
3 FOODTECH VERIFIED PROJECTS
SuperMeat is a biotech and foodtech company that supplies chicken meat grown directly from chicken cells. The company has raised $4 million from its latest seed round and has several US-based investors. They are looking to expand into Europe, with an expansion already planned for Germany. Learn more about SuperMeat's project here.
🍦 THE NOT
NotCo is a Chilean food technology company specializing in making plant-based milk and meat replacements. NotCo currently has five product lines: NotMilk, NotBurger and NotMeat, NoticeCream and NotMayo, which are available in the U.S., Brazil, Argentina, Chile and Colombia. The Not is looking to expand into APAC and Europe. Learn more about The Not's project here.
Blendhub is a multinational food technology company that develops and produces Food-as-a-Service. The company's technology facilitates the localized design, sourcing, blending, and distribution of powder-based food and nutrition products. What makes Blendhub unique is that its global business model is based on a network of multi-localized food production hubs to serve small, medium, and large food and ingredient producers and NGOs, governments, and global aid organizations. Blendhub Global is looking to expand into the European market. Learn more about the Blendhub Global project here.
Here are a few highlighted trade shows with top-notch, fast-growing foodtech companies in attendance.
📆 December 9th - 10th, 2021📍 New York, United States
(Consumer Electronic Summit)
📆 January 5th - 8th, 2022📍 Las Vegas, United States
📆. June 14th - 18th, 2021 📍 Athens, Greece
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Each week we take a deep dive into a fast-growing industry. Here are a few you might want to check out.
Let's make searching with Gazelle.ai even easier. Here is a list of suggested keywords to use for your biopharmaceutical searches. You can use any of these below with your specific parameters or use in a combination of keywords to find the search results that best suit your needs (i.e. Food and Beverage + Food E-Commerce).
Happy Gazelle-ing from your Customer Success team 😀
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