The
food-tech industry encompasses online food and grocery delivery. Indian
food-tech industry stood at US$ 8.8B in FY22 and is expected to reach US$ 23.4B
by FY25, growing at a CAGR of 39%. The competition is growing fierce, and the
segment is undergoing tech integration.
This
space is driven by ever-changing consumer trends. To stay ahead of the
competition and deliver, brands must understand the consumer.
We
at 1Lattice, not only track the consumption and tech trends across categories
regularly but also are thought leaders when it comes to the food-tech space in
India.
In
the below section, we discuss how the food-tech space is changing in India, key
trends, and underlying drivers.
