The perfect domain for digital natives!
Foodtech.cyou is for sale!
– Foodtech –
– Selling on DAN.com –
Renewal price $1.28/yr
FoodTech is any technology applied to the way we produce, sell, or serve food. … Since the Industrial Revolution and the decline of self-sufficiency, inventors and industry leaders have applied technology to food production to help us produce more plentiful, better quality food.
FoodTech is an ecosystem made of all the agrifood entrepreneurs and startups (from production to distribution) innovating on the products, distribution, marketing or business model.
Food Tech — a merger of the words food and technology — involves companies and projects that use technologies such as the Internet of Things (IoT), big data and Artificial Intelligence (IA), among other things, to turn the agrifood industry into a more modern, sustainable and efficient sector in all its stages, from food preparation to its distribution and consumption.
These research and development (R&D) projects are generally in the hands of highly innovative startups that are investing heavily in trying to provide creative and technological solutions to contemporary challenges such as population growth and its repercussions on food security, the digitalisation of society, the effects of climate change, the lack of natural resources, food waste and the environmental impact of food production.
THE IMPACT OF FOOD TECH
Food Tech companies account for a tiny part of the agrifood industry but they have become the sector’s vanguard. Some of these startups are even quoted on the United States Nasdaq technological stock market, such as Beyond Meat with its famous laboratory vegetable hamburger that has been financed by, among others, such renowned names as Bill Gates, the co-founder of Microsoft, and the actor Leonardo Di Caprio.
The potential of the Food Tech startups even convinces market analysts. Platforms such as Research and Markets offer studies including the Global Food Tech Market Analysis & Forecast 2016-2022 that estimate the sector’s total value will be over 250 billion dollars in 2022 thanks partly to the popularisation of electronic commerce, the growth of the internet and the penetration of smartphones.
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