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This is Yves. Before I begin, I would like to say welcome to the new 431 subscribers. 📊 TWR is all about trends and how each intertwines with each other.
🍔 FoodTech & all you need to know to love the Food industry 2.0
Key facts:
The worldwide food innovation platform ranges drastically. By 2022 the standard growths of food modernization promote are over $250.43 billion.
6500+ startups in the FoodTech industry worldwide
6 categories: AgTech, FoodScience, FoodService, Coaching, Delivery, Retail
Food at heart 👨🏼🌾
In order to feed the estimated 9.7 billion people on earth in 2050 with fresh food, agriculture must overcome many pressing challenges: increasingly meat-heavy diets, degradation of fertile land, widespread water shortage, increasingly volatile weather, and climate change. Addressing the question of how to utilize the next generation of technology and jump-start into the Third Agricultural Revolution is crucial for the future of agriculture companies. Welcome to the AgriTech industry. The Global agricultural industry market is estimated to be about $8.7 trillion according to the Plunkett Research estimate.
Wasted food 🗑
American food wastes roughly 40 percent of its food. Of the estimated 125 to 160 billion pounds of food that goes to waste every year, much of it is perfectly edible and nutritious. Food is lost or wasted for a variety of reasons:
Bad weather
Processing problems
Overproduction
Unstable markets cause food loss long before it arrives in a grocery store
While overbuying & the difficulty of turning new consumer awareness into action
Poor planning
Confusion over labels
Safety contributes to food waste at stores and in homes
Lab-frown food you can chew 🐄
Lab-grown food will soon destroy farming and save the planet said George Monbiot. Scientists are replacing crops and livestock with food made from microbes and water. It may save humanity’s bacon. Food production is ripping the living world apart. Fishing and farming are, by a long way, the greatest cause of extinction and loss of the diversity and abundance of wildlife. Farming is a major cause of climate breakdown, the biggest cause of river pollution, and a hefty source of air pollution. But just as hope appeared to be evaporating, the new technologies I call farm free food to create astonishing possibilities to save both people and the planet. Farm free food will allow us to hand back vast areas of land and sea to nature, permitting rewilding and carbon drawdown on a massive scale. It means an end to the exploitation of animals, an end to most deforestation, a massive reduction in the use of pesticides and fertilizer, the end of trawlers and longliners.
Order anytime anywhere 🥡
Revenue in the Online Food Delivery business sector amounts to approx US$9,207 million in the year 2020. Also, the revenue is expected to increase with an annual growth rate of 9.5% by 2024. Whereas the largest sector in the food delivery business is Restaurant-to- Consumer Delivery with a market volume of US$4,934m in 2020. The year 2020 has set some new challenges for the online food ordering and delivery business amid the global pandemic. The industry leaders believe that the food businesses around the world will have to face a challenge in terms of “change in customer behavior” and “customers expectations.” Read more
Ghost Kitchens
Robotic restaurants are cool enough as a name. But imagine yourself ordering food digitally and get served by a robot? Cala, a french startup made eating freshly cooked pasta 🍝 by a robot, possible. We can cite Aeye-Go, a Chinese startup, which has developed a visual recognition tool for the content of meal trays in the canteen and a self-service checkout system. A solution in which the Sodexo group has invested and intends to deploy in its restaurants.
Second-generation food tech is ghost kitchens in virtual restaurants. These include the Dark Kitchen. So what is the principle behind these ghost restaurants? Well, simply put, you order great food from a kitchen that only serves food for delivery. Cool yeah?
Become a chef 👩🍳
HelloFresh is the 1st startup to be present aiming to teach consumers to cook fresh food at home. Choose your dish, get the ingredients delivered at home, and start cooking. The last part is the most important part: Instagramming.
Everybody loves food. I know I do. Just rethink and eat healthier food.
Is this the future of the FoodTech industry?
Let us know what you think
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