The Global Tech in Food Services Market is projected to grow at a CAGR of 5.87% through 2029 and is currently valued at US$ $250.43 Bn in 2022. The Tech in Food Services Market is expected to become $373.33 Bn by 2029.
Tech in Food Services Market Overview:
This Tech in Food Services Market study looks at current and emerging industry trends and dynamics in the global Tech in Food Services Market. Tech in Food Services Extensive Market forecasting for the major Market segments is carried out between 2021 and 2027. Extensive Tech in Food Services Market analysis is carried out by closely monitoring key product positions and the main competitors in the Market framework. To understand the competitive landscape of the worldwide Tech in Food Services Market, key players are profiled and their strategies are thoroughly evaluated.
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Market Scope:
The analysis contains a current examination of the present Tech in Food Services Market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Tech in Food Services Market environment. Increased demand for Tech in Food Services is driving the Market. The Market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
By Technology: The development of self-sustaining vehicles aims to improve the chain of food delivery by boosting productivity and cutting waste. The document emphasises the use of AI to automate duties like meal preparation and customer service, as well as the use of robotics in streamlining processes and lowering food waste. Organisations in the food industry are becoming more and more concerned with cybersecurity due to the growing gathering and storage of data. They must safeguard their sensitive data. With the industry’s continued growth, food technology is anticipated to have a big impact on the food services sector.
By Distribution Channel: The online retail, online food delivery, point-of-sale (POS) systems, self-service kiosks, and tabletop technology segments of the food services technology market can be identified. Restaurants and food service providers can increase their customer base by selling food products through online retail platforms, which makes it easier for them to do so. The number of online meal delivery services has increased significantly, enabling clients to conveniently order food using mobile apps or websites. Systems at the point of sale make transactions simple and order processing effective. Customers have the choice to independently put orders and pay at self-service kiosks. The eating experience is improved by tabletop technology like interactive ordering kiosks and digital menus.
1. Tech in Food Services Market Size and Forecast, by Technology in Food Service (2022-2029)
1. Augmented Reality
2. Internet of Things
3. Autonomous Vehicles
4. AI
5. Robotics
6. Cybersecurity
2. Tech in Food Services Market Size and Forecast, by Distribution Channel (2022-2029)
1. Online Retail
2. Online Food Delivery
3. Point of Sale (POS)
4. Self-service kiosks
5. Tabletop technology
Key Players:
The Market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide Market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the Market’s major influencing factors, as well as complete company profiles of
North America
1. Aramark (USA)
2. Compass Group (UK)
3. Sodexo (France)
4. Sysco (USA)
5. Unilever (Netherlands)
6. Nestle (Switzerland)
7. Tyson Foods (USA)
8. Kraft Heinz (USA)
9. General Mills (USA)
Europe
10. Delivery Hero (Germany)
11. Just Eat (UK)
12. Takeaway.com (Netherlands)
13. Uber Eats (USA)
14. Deliveroo (UK)
Asia Pacific
15. Meituan Dianping (China)
16. Alibaba (China)
17. Tencent (China)
18. Foodpanda (Germany)
19. Swiggy (India)
20. Zomato (India)
Middle East and Africa
21. Jumia Food (Nigeria)
22. Takeaway.com (Netherlands)
23. Uber Eats (USA)
24. Glovo (Spain)
South America
25. iFood (Brazil)
26. Rappi (Colombia)
27. Uber Eats (USA)
28. PedidosYa (Argentina)
29. Glovo (Spain)
30. Cornershop (Chile)
Regional Analysis:
Individual Market influencing variables and changes in Market laws that impact present and future Market trends are also included in the regional segment of the Market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate Market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Tech in Food Services Market:
The COVID-19 epidemic has had a significant impact on the global Tech in Food Services industry. Tech in Food Services Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Market to decelerate in 2020. The negative impact of COVID-19 on the Market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Tech in Food Services.
Key Questions Answered in the Tech in Food Services Market Report are:
- Which segment was responsible for the largest share in the Tech in Food Services Market?
- How was the competitive scenario of the Market in 2020?
- Which are the key factors responsible for the Market growth?
- Which region held the maximum share in the Tech in Food Services Market in 2020?
About Maximize Market Research:
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