Real-Time Industrial Classifications

UK Food Tech Industry

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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What is Food Tech?

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:

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.
On average the roles advertised in this sector are 6.39% lower than the UK’s average salary
The Food Tech sector is one of the top 10 fastest growing recipients of Innovate UK grants.

2,584

COMPANIES CONSIDERED

£147,568,990,966

TOTAL TURNOVER

205,806

TOTAL EMPLOYEES

£10,162,620,000

TOTAL INVESTMENT FUNDING

£161,663,352

TOTAL INNOVATE UK GRANT FUNDING

3.9%

AVERAGE COMPANY GROWTH PER YEAR

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 2584 companies
Companies developing food and drink processing technologies, taxonomy adapted from Forward Fooding.
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- Food Tech: Agri Tech
  Companies offering services and technologies that aim to increase farming efficiency and sustainability
  570 companies
- Food Tech: Consumer Products and Services
  Companies developing apps and services that facilitate access to food and the information behind it.
  461 companies
- Food Tech: Food Delivery
  Companies offering direct-to-consumers food delivery services on-demand.
  672 companies
- Food Tech: Food Processing
  Companies providing products or services that leverage innovative techniques to process food or to improve food ingredients’ functionality
  456 companies
- Food Tech: Food Safety and Traceability
  Companies supplying tech-powered solutions to sanitise machineries and other food processing equipment, assess products’ freshness and prolong their shelf-life.
  223 companies
- Food Tech: Food Surplus
  Companies offering products and solutions that help reducing food waste.
  236 companies
- Food Tech: Kitchen Tech
  Companies developing smart kitchen appliances for consumers as well as smart equipment or technologies that help restaurants managing their business more efficiently
  560 companies
- Food Tech: Next Generation Foods
  Companies developing solutions and processes that leverage science and technology to create new types of foods and beverages.
  286 companies

Food Tech industry growth

We estimate that the UK Food Tech sector could be worth approximately £178.7bn by 2027, based on the compound annual growth rate (CAGR) of 3.9%. 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

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Real-Time Industrial Classifications (RTICs)

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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