India Food Technology Market Size & Outlook, 2023-2030
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India food technology market highlights
- The India food technology market generated a revenue of USD 10,910.5 million in 2023 and is expected to reach USD 27,272.5 million by 2030.
- The India market is expected to grow at a CAGR of 14% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Food technology market data book summary
| Market revenue in 2023 | USD 10,910.5 million |
| Market revenue in 2030 | USD 27,272.5 million |
| Growth rate | 14% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Delivery Hero SE ADR, HelloFresh SE Bearer Shares, Swiggy, Flytrex, Miso Robotics, Carlisle Companies Inc, Lunchbox Technologies, Lex Nimble Solutions, Trax, Cubiq Foods |
Other key industry trends
- In terms of revenue, India accounted for 5.9% of the global food technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India food technology market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 27,272.5 million by 2030.
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Food Technology Market Scope
Food Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cubiq Foods | View profile | 11-50 | Barcelona, Catalonia, Spain, Europe | http://www.cubiqfoods.com/ |
| Trax | View profile | 501-1000 | Singapore, Central Region, Singapore, Asia | http://traxretail.com |
| Lex Nimble Solutions | View profile | 51-100 | Schaumburg, Illinois, United States, North America | https://lexnimble.com/ |
| Lunchbox Technologies | View profile | 101-250 | New York, New York, United States, North America | https://lunchbox.io |
| Miso Robotics | View profile | 101-250 | Pasadena, California, United States, North America | http://misorobotics.com |
| Flytrex | View profile | 11-50 | Tel Aviv, Tel Aviv, Israel, Asia | http://www.flytrex.com |
| Swiggy | View profile | 10001+ | Bangalore, Karnataka, India, Asia | https://www.swiggy.com |
| HelloFresh SE Bearer Shares | View profile | 19012 | Prinzenstrasse 89, Berlin, BB, Germany, 10969 | https://www.hellofreshgroup.com |
| Delivery Hero SE ADR | View profile | 51447 | Oranienburger Strasse 70, Berlin, Germany, 10117 | https://www.deliveryhero.com |
| Carlisle Companies Inc | View profile | 11000 | 16430 North Scottsdale Road, Suite 400, Scottsdale, AZ, United States, 85254 | https://www.carlisle.com |
India food technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food technology market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 41.88% in 2023. Horizon Databook has segmented the India food technology market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of India food technology market databook
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Our clientele includes a mix of food technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India food technology market , including forecasts for subscribers. This country databook contains high-level insights into India food technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India food technology market size, by component, 2018-2030 (US$M)
India Food Technology Market Outlook Share, 2023 & 2030 (US$M)
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