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Food Tech - Industry - Europe Market, Share and Trends 2023-2028

Report ID:

FTIND1E

|

Industry:

Summary of Food Tech

The food technology industry in Europe is rapidly advancing as companies develop innovative solutions to challenges facing the continent’s agriculture and food systems. Driven by consumer demand for more sustainable, healthy and locally-sourced products– food tech has emerged as a vibrant sector developing novel ingredients, production methods and distribution models tailored to European markets and consumer preferences.

Major areas of focus include plant-based meat and dairy alternatives, fermentation technologies for proteins and ingredients and precision fermentation for creating new foods at scale. Based on our estimates, we can say that the Euroe’s Foodtech industry is forecasted to be a $97.70 billion industry in 2029 from $70 billion in 2023 with a CAGR of 6.86%.

Food tech is also enhancing traceability, transparency and sustainability in European supply chains. Technologies like blockchain, IoT sensors and computer vision are enabling consumers to access detailed information about how and where their food was produced locally. This builds trust while helping farmers optimize operations through data insights.

As populations grow and climate change impacts agriculture, food tech innovation will be crucial to ensuring regional food security. Startups are working on ways to produce more with less land, water and emissions through controlled-environment indoor farms, vertical farming towers and hydroponic greenhouses located near urban populations.

Recent Trends and Insights

Companies are also developing technologies to enable more efficient, data-driven agriculture practices with reduced environmental footprints. Food tech investment in Europe reached over €3 billion in 2022, signaling strong investor appetite in the region.

Food tech funding in Europe reached over €3 billion in 2022– up from €2.5 billion in 2021. Majority went to alternative proteins and precision fermentation companies. The EU unveiled a new farm-to-fork strategy to back food innovation supporting sustainability, public health and food security goals.

European cultivated meat startups like Mosa Meat and Meatable raised significant funding to commercialize cultured beef, pork and poultry products. Companies like Perfect Day, Clara Foods and Solar Foods are scaling production of animal-free dairy, egg and protein products using fermentation.

Countries like the UK, Netherlands, Germany, France and Nordics are attracting most funding and host top agrifood tech accelerators. Food chains are investing in indoor vertical farms, blockchain and IoT to enhance traceability and reduce environmental impacts.

Product Insights

Companies developing cultivated meat, fermented dairy products, egg substitutes and plant-based meat/seafood aimed at replicating textures and flavors of animal foods. Technological advancements and implementations throughout the sector driven by trends, changes in demand and environmental parameters are cited as the key driver for this growth.

Companies producing novel ingredients like non-dairy casein, whey and egg proteins using microorganisms like yeast. Vertical farms and greenhouses producing leafy greens, herbs, fruits and vegetables using hydroponics and controlled-environment agriculture near urban centers.

Blockchain platforms and IoT sensors providing transparency into complex European supply chains down to the farm level. Technologies like Flashfood helping grocery stores sell close-dated products at discounts and connect food to those who need it.

Using food as a source of active compounds and extracts for supplements and functional foods. Investments in grocery delivery startups are the main provider to this impressive growth. While a large share of that money went to quick-commerce startups– many other types of startups have raised funding to disrupt the way we think about groceries.

Key Companies

Some major players within this vast domain of industry are

  • SAIL
  • Deliveroo
  • Just Eat Takeaway
  • Wolt
  • Gousto
  • Farmdrop
  • Infarm
  • Mosa Meat
  • Food Ingredients Europe

Regional Analysis

The European food and beverage industry is gaining traction and is continuously catching up with North America with cities like – Berlin, Paris and Singapore – boosting developments in the food tech sectors.

The B2B European food tech has more companies developing enabling technologies that are applicable in different food-tech sectors. These companies are focusing on using technologies to solve various industry-related problems and are shaping a way for more robust food systems.

Europe’s food and beverage industry has gained traction and is continuously catching up with North America. Food production technology venture capitals are going to the UK, DACH region and France.

There are now 13 FoodTech unicorns in Europe, twice as many as last year. This increase reflects inflation in the size of the deals and the valuations of startups. We can easily identify 10 to 20 companies that have the potential to become unicorns in the next 12 to 24 months.

Market Segmentation

By Type:

  • Traceability/supply chain management technologies
  • Food safety and quality inspection systems
  • Industrial IoT solutions for monitoring and control
  • Farm management software
  • Manufacturing execution systems
  • Industrial controls and automation equipment

By End user:

  • Restaurants, Caterers, Meal Prep Companies and Packaged Food Producers
  • Food and beverage
  • Agriculture and livestock
  • Food processing and manufacturing
  • Packaging
  • Logistics and distribution

By Enterprise Size :

  • Large food and beverage companies
  • Small and medium food producers
  • Startups and emerging foodtech firms

By Country:

  • Germany
  • United Kingdom
  • France
  • Italy
  • Russia
  • Netherlands
  • Switzerland

Our Methodology

We have offered a well-founded review of the Europe’s regional foodtech market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any future prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The Europe Size of the Food Tech Industry is USD 70 Billion in 2023 and is expected to grow to USD 104.5 Billion by 2029

The CAGR of the Food Tech Industry Market in Europe is 6.86%

The Germany region accounts for 22% of the total market share of the Food Tech Industry Market

The key players in the Food Tech Industry Market in Europe are Just Eat Takeaway.com, HelloFresh, Delivery Hero, Foodpanda and Glovo. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Food Tech Industry Market in Europe are Food safety & labeling regs, Urbanization & convenience, Invest in delivery & kits, Ag & food tech and Startup funding. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

Summary of Food Tech

The food technology industry in Europe is rapidly advancing as companies develop innovative solutions to challenges facing the continent’s agriculture and food systems. Driven by consumer demand for more sustainable, healthy and locally-sourced products– food tech has emerged as a vibrant sector developing novel ingredients, production methods and distribution models tailored to European markets and consumer preferences.

Major areas of focus include plant-based meat and dairy alternatives, fermentation technologies for proteins and ingredients and precision fermentation for creating new foods at scale. Based on our estimates, we can say that the Euroe’s Foodtech industry is forecasted to be a $97.70 billion industry in 2029 from $70 billion in 2023 with a CAGR of 6.86%.

Food tech is also enhancing traceability, transparency and sustainability in European supply chains. Technologies like blockchain, IoT sensors and computer vision are enabling consumers to access detailed information about how and where their food was produced locally. This builds trust while helping farmers optimize operations through data insights.

As populations grow and climate change impacts agriculture, food tech innovation will be crucial to ensuring regional food security. Startups are working on ways to produce more with less land, water and emissions through controlled-environment indoor farms, vertical farming towers and hydroponic greenhouses located near urban populations.

Recent Trends and Insights

Companies are also developing technologies to enable more efficient, data-driven agriculture practices with reduced environmental footprints. Food tech investment in Europe reached over €3 billion in 2022, signaling strong investor appetite in the region.

Food tech funding in Europe reached over €3 billion in 2022– up from €2.5 billion in 2021. Majority went to alternative proteins and precision fermentation companies. The EU unveiled a new farm-to-fork strategy to back food innovation supporting sustainability, public health and food security goals.

European cultivated meat startups like Mosa Meat and Meatable raised significant funding to commercialize cultured beef, pork and poultry products. Companies like Perfect Day, Clara Foods and Solar Foods are scaling production of animal-free dairy, egg and protein products using fermentation.

Countries like the UK, Netherlands, Germany, France and Nordics are attracting most funding and host top agrifood tech accelerators. Food chains are investing in indoor vertical farms, blockchain and IoT to enhance traceability and reduce environmental impacts.

Product Insights

Companies developing cultivated meat, fermented dairy products, egg substitutes and plant-based meat/seafood aimed at replicating textures and flavors of animal foods. Technological advancements and implementations throughout the sector driven by trends, changes in demand and environmental parameters are cited as the key driver for this growth.

Companies producing novel ingredients like non-dairy casein, whey and egg proteins using microorganisms like yeast. Vertical farms and greenhouses producing leafy greens, herbs, fruits and vegetables using hydroponics and controlled-environment agriculture near urban centers.

Blockchain platforms and IoT sensors providing transparency into complex European supply chains down to the farm level. Technologies like Flashfood helping grocery stores sell close-dated products at discounts and connect food to those who need it.

Using food as a source of active compounds and extracts for supplements and functional foods. Investments in grocery delivery startups are the main provider to this impressive growth. While a large share of that money went to quick-commerce startups– many other types of startups have raised funding to disrupt the way we think about groceries.

Key Companies

Some major players within this vast domain of industry are

  • SAIL
  • Deliveroo
  • Just Eat Takeaway
  • Wolt
  • Gousto
  • Farmdrop
  • Infarm
  • Mosa Meat
  • Food Ingredients Europe

Regional Analysis

The European food and beverage industry is gaining traction and is continuously catching up with North America with cities like – Berlin, Paris and Singapore – boosting developments in the food tech sectors.

The B2B European food tech has more companies developing enabling technologies that are applicable in different food-tech sectors. These companies are focusing on using technologies to solve various industry-related problems and are shaping a way for more robust food systems.

Europe’s food and beverage industry has gained traction and is continuously catching up with North America. Food production technology venture capitals are going to the UK, DACH region and France.

There are now 13 FoodTech unicorns in Europe, twice as many as last year. This increase reflects inflation in the size of the deals and the valuations of startups. We can easily identify 10 to 20 companies that have the potential to become unicorns in the next 12 to 24 months.

Market Segmentation

By Type:

  • Traceability/supply chain management technologies
  • Food safety and quality inspection systems
  • Industrial IoT solutions for monitoring and control
  • Farm management software
  • Manufacturing execution systems
  • Industrial controls and automation equipment

By End user:

  • Restaurants, Caterers, Meal Prep Companies and Packaged Food Producers
  • Food and beverage
  • Agriculture and livestock
  • Food processing and manufacturing
  • Packaging
  • Logistics and distribution

By Enterprise Size :

  • Large food and beverage companies
  • Small and medium food producers
  • Startups and emerging foodtech firms

By Country:

  • Germany
  • United Kingdom
  • France
  • Italy
  • Russia
  • Netherlands
  • Switzerland

Our Methodology

We have offered a well-founded review of the Europe’s regional foodtech market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any future prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The Europe Size of the Food Tech Industry is USD 70 Billion in 2023 and is expected to grow to USD 104.5 Billion by 2029

The CAGR of the Food Tech Industry Market in Europe is 6.86%

The Germany region accounts for 22% of the total market share of the Food Tech Industry Market

The key players in the Food Tech Industry Market in Europe are Just Eat Takeaway.com, HelloFresh, Delivery Hero, Foodpanda and Glovo. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Food Tech Industry Market in Europe are Food safety & labeling regs, Urbanization & convenience, Invest in delivery & kits, Ag & food tech and Startup funding. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

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Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

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Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.