Recent studies show India’s online food industry is set to become an $8 billion market by 2022—a massive upward trend, indeed!
Here’s a rundown of the most significant trends shaping the Food Tech industry in 2022:
1. Affordability – According to the UN´s Food and Agriculture Organization (FAO), global food prices increased 28.1% in 2021 versus 2020. Food has become expensive to grow, manufacture, and ship. At the same, consumers are wary of spending more and are prioritizing pocket-friendly eating options this year over all else.
2. Zero Food Waste – One good thing to come out of increasing food prices? Added pressure on businesses to minimize their food waste. Shifting to recycling/upcycling all kinds of food waste to whip up a new dish is one way to ensure nothing goes to waste. Companies are also using fruit and vegetable peels to manufacture a thin film that can be used to wrap food as an alternative to plastic wrap.
3. Sustainable Food Production – Another statistic from the same UN report stated 31% of human-caused GHG emissions originate from the world’s agri-food systems. We have to switch to sustainable food production systems if we want to want to feed the next generation. Alternative proteins that are plant-based can be developed with innovative food tech.
In the journey of building Blend For Food—a hyper-local innovative food tech app—we watch out for the newest food tech trends making waves, and try to refine the BFF app for the entirety of the foodie community!
Stay tuned!
