AbstractFood processing is an indispensable sector crucial for controlling the food losses. Discrete measures were introduced and implemented to enhance the food shelf life and preservation techniques. However, poor handling and preservation methods usher to the food deprivation. In such milieu, amalgamation of futuristic technologies like sophisticated sensors tether with Internet of Things (IoT) could shoot up the food safety and minimize the deprivation. Research across the globe have proved that integration of IoT‐smart sensors in scrutinizing ecological factors such as temperature, radiation, gaseous composition, relative humidity, and moisture content that are critical for food processing and preservation. IoT has the prospects to ameliorate nationwide explicable execution, slash energy depletion, slash manufacturing expenses, inflate worker health and safety during food processing unit. Smart agricultural techniques also enable measurement of temperature, relative humidity, soil moisture, and nitrogen contents in smart farming and helps the user to determine the status of crops and commodity. This article aims to focus a few aspects and budding areas of IoT in the food and agricultural sectors. With this outlook, advancement and smartness in agriculture and food processing can be created by collaborating with IoT technology.