Vancouver, British Columbia, January 14, 2021 (GLOBE NEWSWIRE) – The global food technology market is expected to reach a value of $ 342.52 billion by 2027, according to a recent analysis by Emergen Research. This strong growth can be attributed to the increasing penetration of internet and smartphones in developing economies. Food processing industries are increasingly adopting more advanced technologies due to the strict regulations implemented by government and social organizations regarding food safety, animal welfare, health, climate and environment, which reduces food waste and energy consumption, which and some of the factors driving the growth of the food technology market.
The benefits of attractive discounts and cash on delivery options are driving the adoption and preference of e-commerce channels in emerging economies, which is significantly driving the growth of the food technology market. However, intense competition among food technology startups in developing economies …
- According to the source Food Tech Market size to reach a value of 342.52 billion USD by 2027
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