Food innovation is the development and commoditization of new food products, processes, and services. Right now, it's happening rapidly. Food and beverage companies are looking for ways to make healthy, nutritious offerings that are not only enticing, accessible, exciting, and unique, but also sustainable.
Innovation in the food industry combines technological innovation with social and cultural innovation. It occurs throughout the entire food system, including production, harvesting, primary and secondary processing, manufacturing and distribution.
Lego has been changing the materials of its famous bricks to biodegradable oil-based plastics. The first electric vehicles introduced in the car's market were also an innovation, and new batteries with longer ranges that keep coming out are also an example of innovation.
Food businesses that survive and grow do so because they are capable of change. With innovation comes opportunities to grow and expand into new markets. The process allows for businesses to gain a competitive advantage over competitors as it allows you to better your products and services for your customers.
The advent of mobile-based apps and integration of technologies such as QR-based menu display, contactless payment, online customisation of meals, tracking and tracing of ingredients, and AI-enabled smart cameras are transforming the foodtech industry.
Disruptive Innovation Disruptive innovation is often the most well-known type of innovation. It comes with effective uses of new technology and high-impact results.
Food and beverage innovation is a key driver in helping companies deliver on strategic goals by getting the right products to market with speed and establishing significant competitive differentiation. Successful food and beverage innovation is essential in helping companies achieve sustainable growth and profitability ...
Food Innovation Centers or FICs aim to provide the local food industry efficient and modern food processing equipment in order to enhance their product quality and speed up their production. At the end, FICs will enable them to improve their value chain activities thus reducing their costs and increasing their profits.
New developments in food engineering. Rapid techniques for online control. Novel processing and packaging technologies. Advanced biotechnological and nanoscience developments and applications in food research.
Startups in the Food Tech space are making access to quality, healthy food easier and more convenient for consumers. And also making it cheaper and more profitable for businesses to produce and sell food of all kinds.