{"id":3152,"date":"2019-09-24T09:55:00","date_gmt":"2019-09-24T09:55:00","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?post_type=press_release&p=3152"},"modified":"2023-12-06T07:40:44","modified_gmt":"2023-12-06T07:40:44","slug":"israel-innovation-authority-report-the-potential-of-israeli-foodtech","status":"publish","type":"press_release","link":"https:\/\/innovationisrael.org.il\/en\/press_release\/israel-innovation-authority-report-the-potential-of-israeli-foodtech\/","title":{"rendered":"Israel Innovation Authority Report: The Potential of Israeli Foodtech"},"content":{"rendered":"\n
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The food industry is considered one of the most significant industries in the world. The monetary value of the global food and agricultural industry was estimated at $8.7 trillion in 2018 \u2013 $700 billion in growth compared to the previous year.1<\/a><\/sup>https:\/\/www.plunkettresearch.com\/statistics\/Industry-Statistics-Global-Food-Industry-Statistics-and-Market-Size-Overview\/<\/a><\/span> In Israel, according to data from StoreNext, sales of food and beverages in the market was assessed at NIS 37.4 billion in 2018.2<\/a><\/sup>https:\/\/www.storenext.co.il\/%D7%A1%D7%99%D7%9B%D7%95%D7%9D-%D7%A9%D7%A0%D7%AA-2018\/<\/a><\/span><\/p>\n\n\n\n Over the past several years, following the development of the data revolution, the food industry has been underoing significant changes \u2013 compared by some to the change wrought on this industry by the industrial revolution 3<\/a><\/sup>https:\/\/drive.google.com\/file\/d\/1flu9JCp5uN8TpKEx_QljSi83OegRydr-\/view?usp=sharinghttps:\/\/drive.google.com\/file\/d\/1flu9JCp5uN8TpKEx_QljSi83OegRydr-\/view?usp=sharinghttps:\/\/www.cbinsights.com\/research-food-startups-report<\/a> <\/span>. Changes can be even more significant since the food sector is influenced by a wide variety of parameters: demography, climate, and of course humankind\u2019s growing access to information and knowledge. Therefore, the food industry deserves considerable thought on both the global and local levels so that Israel too can realize the economic opportunities it presents.<\/p>\n\n\n\n Engines of change in the food market (stemming largely from the demands of the consumer market):<\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n