The primary factor thriving the growth of Food Tech Market is the raised use of card payments by individuals for various online transactions. Market growth is anticipated on account of increasing disposable income, rising average household income and rising trend of double-income-no-kids concept. The Food Tech Market was valued at $ 357 million in 2018 and is expected to reach at USD 145.64 billion by 2025, growing at a CAGR of +12% from 2019 to 2025.
The purpose of this study is to define the market size of various sectors and countries in recent years and predict the value over the next eight years. This report also studies the global market status, competition scenery, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Global Food Tech Market is anticipated to grow at an approximate CAGR of +12% forecast to 2025.