We’ve mapped the UK’s Food Technology industry using our Real-Time Industrial Classifications (RTICs). Find out more about the companies and organisations contributing to the UK’s Food Tech sector using our innovative financial, company, funding, and growth data.
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Food Technology (or Food Tech) is an emerging sector made up of a combination of companies, organisations and projects that use technology – such as AI & machine learning, precision farming and automation – to help design, choose, produce and deliver food.
Often the Food Technology sector is associated with the use of technology to drive efficiency and sustainability, particularly within the agricultural and AgriTech industries.
Food Tech companies range from those developing next generation foods and food safety solutions to food delivery and AgriTech businesses.
Food Tech sector summary
Key information you should know about the Food Tech sector from our AI-driven platform of over 5 million companies:
- Food Tech has turnover of £35.76bn, meaning it is our 20th largest RTIC, and our 29th fastest growing sector.
- The Food Tech sector has not received additional investor attention in recent years and the amount of venture capital funding is not increasing as fast as our other emerging economy sectors.
- The Food Tech sector is one of the top 10 fastest growing recipients of Innovate UK grants.
Food Tech verticals
Our Food Tech RTIC is made up of 8 individual industry verticals, including verticals such as Agri Tech, Consumer Products and Services, Food Processing. You can find out more about the verticals by buying a report, visualising the sector on our platform, or by downloading the data.
- Sector Code Description Records
- RTIC0057 Food Tech 2679 companies
Companies developing food and drink processing technologies, taxonomy adapted from Forward Fooding.
- Food Tech: Agri Tech570 companies
Companies offering services and technologies that aim to increase farming efficiency and sustainability
- Food Tech: Consumer Products and Services461 companies
Companies developing apps and services that facilitate access to food and the information behind it.
- Food Tech: Food Processing456 companies
Companies providing products or services that leverage innovative techniques to process food or to improve food ingredients’ functionality
- Food Tech: Food Safety and Traceability223 companies
Companies supplying tech-powered solutions to sanitise machineries and other food processing equipment, assess products’ freshness and prolong their shelf-life.
- Food Tech: Food Surplus236 companies
Companies offering products and solutions that help reducing food waste.
- Food Tech: Kitchen Tech560 companies
Companies developing smart kitchen appliances for consumers as well as smart equipment or technologies that help restaurants managing their business more efficiently
- Food Tech: Next Generation Foods286 companies
Companies developing solutions and processes that leverage science and technology to create new types of foods and beverages.
- Food Tech: Food Delivery672 companies
Companies offering direct-to-consumers food delivery services on-demand.
Food Tech industry growth
We estimate that the UK Food Tech sector could be worth almost £41bn by 2027, based on the compound annual growth rate (CAGR) of 2.6%. Below you can see the five year turnover forecast for the RTIC from 2023 to 2027.
Get your free Food Tech report
Dig deeper into the UK’s Food Tech Economy with our free 2023 RTIC report, which includes:
– Summary of RTIC data & industry performance
– Overview of key verticals
– Geographic analysis & breakdown
– Key insights & trends
At The Data City we’re mapping the emerging economy through accurate and reliable real-time data. We’ve produced Real-Time Industrial Classifications (RTICs) for some of the UK’s fastest growing sectors, across over 350 industry verticals, including the Food Tech industry.
Discover more RTICs and access our other free reports today.
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