The advancements in food technology, such as precision fermentation, cellular agriculture, and AI-driven food formulation, revolutionize production processes and enable the creation of novel products. The growing use of smart packaging reflects an increased focus on food safety and traceability. Revenue in the food market is expected to grow at a CAGR of 4.1% by 2029.
Moreover, the ready-to-eat food industry is experiencing significant transformation driven by evolving demand for organic and locally sourced products and lifestyle changes. Modern consumers are increasingly seeking convenient meal solutions that align with their fast-paced lifestyles while maintaining nutritional value. People have even become attentive to their pets’ nutritional needs.
