The global smart food market is expected to reach a market size of USD 940.98 Billion at a steady CAGR of 10.0% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing investments by food processing companies for development of enhanced food preservation techniques

Vancouver, BC -- (SBWire) -- 05/07/2021 --Rising prevalence of lifestyle diseases such as obesity, cardiovascular diseases, and diabetes are among other factors driving demand for smart food options among a growing global consumer base. Diabetes patients are increasingly adopting smart food solutions as the low glycemic index of smart foods helps in managing blood sugar levels. These are among other factors expected to continue to support overall growth of the smart food market going ahead. 

Significant driving forces shaping the future of the smart food market for the forecast period 2021 – 2028 find a special mention in the study and are backed by a real-time statistic. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry's growth

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The report further sheds light on the competitive landscape of the smart food market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions

Key Highlights of Report

Functional food segment revenue is expected to expand at a rapid CAGR of 10.3% during the forecast period. The health promoting properties of functional ingredients is boosting demand for functional foods among the health-conscious consumer base.

Asia Pacific accounted for fastest revenue growth rate among other regional markets in the global smart food market in 2020. Rising need to reduce risks of chronic diseases such as diabetes, cardiovascular diseases, and others among a growing population in developing economies is boosting demand for smart food solutions in countries in the region.

Key players in the market include Archer-Daniels-Midland Company, Arla Foods, Aveka, Inc., Balchem Corporation, BASF SE, Cargill, Inc., Firmenich SA, Ingredion Incorporated, International Flavors & Fragrances Inc. (IFF), and Kellogg Company.

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Emergen Research has segmented the global smart food market on the basis of end products, food type, and region:

End Products Outlook (Revenue, USD Billion; 2021–2028)
Dairy products
Bakery products
Meat products
Confectionary
Beverages
Dietary Supplements
Others

Food type Outlook (Revenue, USD Billion; 2021–2028)
Encapsulated Food
Functional Food
Genetically Modified Food
Others

Detailed Regional Analysis covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The report demonstrates the progress and advancement achieved by the global Smart Food market, including the historical analysis and progress through forecast years. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals. The report provides an accurate estimation by applying SWOT analysis and Porter's Five Forces analysis.

Key Benefits of Buying the Global Smart Food Report:

Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Smart Food Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Smart Food Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Smart Food Market

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020-2028

Chapter 3. Key Insights

Chapter 4. Smart Food Market Segmentation & Impact Analysis

    4.1. Smart Food Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Increasing adoption of quantum computing

                    4.2.2.2. Growing demand for smart homes

                    4.2.2.3. Rising implementation of Smart Food for robotics

                    4.2.2.4. Increasing government focus on developing smart cities

          4.2.3. Market restraints analysis

                    4.2.3.1. Lack of skilled professionals

                    4.2.3.2. High cost of components

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter's Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Smart Food Market By Chip Type Insights & Trends Revenue (USD Billion) 

    5.1. Chip Type Dynamics & Market Share, 2020 & 2028

          5.1.1. Graphics Processing Unit (GPU)

          5.1.2. Application-Specific Integrated Circuit (ASIC)

          5.1.3. Field-Programmable Gate Array (FPGA)

          5.1.4. Central Processing Unit (CPU)

          5.1.5. Others

Chapter 6. Smart Food Market By Technology Insights & Trends Revenue (USD Billion) 

    6.1. Technology Dynamics & Market Share, 2020 & 2028

          6.1.1. System-in-package (SIP)

          6.1.2. System-on-chip (SoC)

          6.1.3. Multi-chip Module

          6.1.4. Others

Chapter 7. Smart Food Market By End-use Insights & Trends Revenue (USD Billion) 

    7.1. End-use Dynamics & Market Share, 2020 & 2028

          7.1.1. Automotive

          7.1.2. Healthcare

          7.1.3. BFSI

          7.1.4. Industrial

          7.1.5. Consumer Electronics

          7.1.6. IT & Telecommunication

          7.1.7. Others

CONTINUED…!

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