Tag: technology

Top 10 Food Technology Innovations & Trends for 2022 and Beyond

INNOVATION OUTLOOK OF FOOD TECHNOLOGY TRENDS IN 2022

Opening up of the HoReCa (Hotel, Restaurant, Café) industry after the peak Coronavirus period is benefitting stakeholders in the food technology and innovations industry. Food businesses are increasing efforts to strike the right balance of creativity and science to meet taste palettes of foodies whilst aligning their business to a circular economy. But do food businesses need constant improvement for technological innovations? Let’s find out!

Top 10 food technology trends that are revolutionizing the market landscape can be illustrated as follows:

  1. Food Safety & Transparency

The ongoing COVID-19 pandemic has heightened the importance of food safety and transparency. Blockchain holds promising potentials to enable food safety by tracking how food products travel from farm to the customer’s table.

2. Veganism

Researchers in the University of Guelph in Ontario, Canada, are developing plant-based cheese that stretches and melts through prolamin technology. Innovations are underway for extrudable fat technology that mimics animal fat in plant-based meats and allows for more authentic fat textures, such as marbling.

3. Alternative Proteins

Following suit for vegan food, alternative protein product manufacturers are drawing innovations in plant-based meat, lab-grown meat and edible insects amongst other items. Microbial based protein is grabbing the attention of consumers since it is derived from the dried cells of micro-organisms such as yeasts, microalgae and fungi.

4. Nutraceuticals

Though nutraceuticals are storming the health and fitness industry, there is a need for ready & near-market platform technologies for processing ingredients like proteins, fibers & probiotics into marketable value-added functional food & nutraceutical products.

5. 3D Food Printers

3D (3 Dimensional) food printing is a breakthrough innovation in the food technology industry and is expected to grab the attention of the Gen Z population that opt for Instagram-friendly pictures of food items.

6. Personalized Nutrition

Mobile apps are emerging as one of the best strategy to facilitate personalized nutrition for individuals in need of weight loss and weight gain. Customized diet plans help individuals of different age group and ethnicity to align with their fitness goals.

7. Food Wastage Reduction

The FoodCloud social enterprise app is gaining recognition for allowing food businesses to upload information about their stock whilst alerting charities to collect and distribute any surplus.

8. Restaurant Digitization

Paperless menus and collection of consumer data are key restaurant digitization trends. Food product merchandizing through eCommerce and hyper-local food delivery apps are propelling growth in the landscape of food technology & innovations in 2022.

9. Robotics

Food serving robots and robots for food manufacturing are bringing a sea change in the food technology industry. Right from agriculture stages to restaurants, grocery stores and home cooking, food robots are being programmed to help with food cultivation & production tasks.

10. Plastic-free & Smart Packaging

Since sustainability has become one of the most overused words in any industry, manufacturers are designing plastic-free and smart packaging solutions that are suitable for high temperature food items. They are innovating in realistic plastic alternatives like bioplastics that are both biodegradable and non-biodegradable.

Above takeaways indicate that the market of food technology & innovations is projected to advance at an astonishing CAGR in 2022 and the upcoming decade.

Technology Makeover: A Global Industry Outlook for 2022

A holistic approach at some of the biggest trends in technology

Since the COVID-19 pandemic has altered the way the global society functions, technological innovations are anticipated to grow in 2022. But are industries able to keep up with this shift in new technological trends? Let us look at four game-changing technological innovations that will help to increase bottom lines.

Opportunities for long-term business growth

As the world is witnessing a sea change where Facebook has renamed itself as Meta, early adopters of new technologies tend to gain a competitive edge over other market players. Advancements in machine learning, automation and robotics are helping to accelerate business processes.

Despite the influx of new technologies, stakeholders from various industries like healthcare, information technology and BFSI of developing economies are experiencing a technological gap due to the lack of resources. This indicates that tech giants hold untapped revenue opportunities in developing countries since mature and developed economies are nearing a saturation point, where innovation becomes a key differentiator.

Here are key insights about specific technologies that play a fundamental role in business success for 2022:

  • Cloud and the hybrid workforce: As increasing number of businesses demand transparency, flexibility and convenience, the hybrid workforce is taking new forms in both MNCs and SMEs. The adoption of Microsoft Teams has been a prominent trend in this space. Thus, increasing number of businesses are making sure that employees are enabled and empowered to have successful work-at-home and in-office productivity.
  • Sustainability acts as value addition: Businesses are going beyond suit and tie to bolster their credibility credentials. The pandemic has spurred additional interest in ESG (environmental, social, and governance) investing. This means, commitment to the ESG model translates into not just business stability, but also greater social equality and inclusion of communities.
  • Everything-as-a-Service (XaaS) helps in business leap: Seamless communication, security of IT systems and scalable business models to name a few are helping in greater adoption of XaaS to enhance operational efficiencies.
  • Resilient supply chains: Since the pandemic has exposed the vulnerabilities of most businesses, sourcing alternative supply partners is emerging as a winning strategy. Digitalization of processes is delivering cost efficiency in supply chain management.

Despite technological gap in most industries, investment in training of company executives, technicians and operators with job security holds promising potentials to overcome technology adoption challenges in 2022.