INSIGHTS
Overview of the European FoodTech & AgriTech industry
The European FoodTech & AgriTech industry includes activities related to agriculture, food production, processing, and technology innovation. Key sectors include precision agriculture, Agri-Food marketplace/digital platforms, farm management software, food technology, and agricultural biotechnology.
AgriTech in Europe
AgriTech in Europe is showing consistent growth, particularly in the areas of precision farming and digital agriculture to improve crop yields and waste reduction. There is also a growing focus on sustainability and environmental impact, with many startups developing solutions to reduce the carbon footprint of agriculture.
The European smart agriculture market is estimated to reach US$10bn by 2030, increasing at a CAGR of 12.02% between the years 2022-2030 (source: Straits Research).
FoodTech in Europe
FoodTech in Europe has experienced steady growth in recent years, driven by increasing demand for high-quality food products and a growing interest in sustainable and healthy eating. Revenue in the food industry market is expected to amount to approximately US2.1 trillion in 2024. The market is expected to grow annually by 5.71% (CAGR) between 2024 and 2028. It’s significant to note that in 2024, 2.8% of total revenue will be generated through online sales.
One of the key trends evolving in Europe is the increasing popularity of plant-based diets and clean label products. Over 60% of European consumers consider the health and wellness benefits of food to be the most important factor when making purchasing decisions, leading to higher demand for plant-based meat alternatives, organic produce and other healthy food options.
One of the key trends evolving in Europe is the increasing popularity of plant-based diets and clean label products. Over 60% of European consumers consider the health and wellness benefits of food to be the most important factor when making purchasing decisions, leading to higher demand for plant-based meat alternatives, organic produce and other healthy food options.
European FoodTech and AgriTech innovations and supplements
Sustainable Food Systems
Innovations that reduce wast
Precision agriculture
Planet-friendly practices.
Diverse Meat Alternatives
Cultured and 3D-printed meats to creative plant-based dishes
Targeted Nutrition Solutions
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Includes AI-powered food tracking,
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DNA & Gut Microbiome analysis
Technology-Driven innovations and efficiencies
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Enhanced food system resilience,
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robotic chefs,
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connected cookware
Next generation Sweeteners
Rare Sugars (without calories)
Non-nutritive sweeteners
Next generation Soluble fibers