Food is fundamental for everyone's nourishment and sustenance, and with time, consumers have realized the importance of ingredients and the quality involved in their food. Consumers are not only focused on what they consume but also on what are the ingredients, how they are procured, and the wastage it involves.
Amid this, Statista projects revenue in the food market to be $9.68 trillion in 2025 and is poised to grow annually by 6.3% (2025-2029). Volume in the market is expected to reach 3,081 billion kg by 2029. Further, more people are leaning towards sustainable practices, healthier food choices, wastage reduction, clean and transparent food, personalized nutrition, and convenience.
