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Food & nutrition industry to adopt transformative tech to meet demand
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Friday, 21 February, 2020, 16 : 00 PM [IST]
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Utrecht
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The food and nutrition industry will rapidly adopt transformative technologies to meet evolving sustainability goals and customer demands in 2020, according to FutureBridge, which identified five key technology trends for the year, combining its research team’s deep domain know-how with in-house software and data analytics.
These are as follows:
Going microbial: We are witnessing a new wave of innovative start-ups utilising algae, yeasts, fungi, biomass, and even thin air to produce alternative protein.
Blockchain breakthroughs: Blockchain will help solve age-old supply chain problems including food waste, which costs roughly $990 billion annually.
Total recyclability: Sustainable packaging solutions will raise the bar in 2020, with growing focus on the use of 100 per cent recyclable materials.
AI-led innovation: Artificial intelligence (AI) will mature into a trusted industry partner. Conagra Brands, McCormick and Co and PepsiCo are using AI to cook up new concepts, with many others expected to follow.
Digitalised diets: In quest of a wellness market worth over $4.5 trillion, industry players will leverage emerging technologies such as personalised pills and at-home DNA testing kits to deliver customised diets.
With users demanding healthier products from sustainable sources, industry leaders are tapping disparate technologies to disrupt nearly every step in the food chain.
In the emerging scenario, microbes are a promising source of alternative protein, artificial intelligence drives new product development, and blockchain solves the trillion-dollar food waste problem.
“In 2020, several bubbling technologies are finally poised to influence product development and operations of leading industry players.” said Sarah Browner, food and nutrition analyst, FutureBridge.
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