Global Smart Food Market Overview
The Global Smart Food Market size is expected to grow from USD 612.38 billion in 2023 to USD 1,644.37 billion by 2032, at a CAGR of 11.6% during the forecast period (2024-2032).
The smart food market is a rapidly evolving sector driven by consumer preferences towards healthier, more sustainable, and technology-driven food options. This market includes products like plant-based alternatives, fortified foods, and artificial intelligence-based personalized nutrition. The demand for smart food options is growing due to health-conscious consumers' awareness of the impact of their dietary choices on personal wellness and environmental sustainability. Key factors driving the market include the rising prevalence of lifestyle-related health issues, increasing awareness of the environmental impact of food production, and the convenience of ready-to-eat meals. Advancements in technology, such as smart packaging, are supporting these trends.
However, the smart food market faces challenges such as high costs associated with developing and marketing innovative food products, regulatory hurdles, and food safety concerns. Opportunities for growth lie in niche segments like personalized nutrition, where companies can leverage data analytics and consumer insights to tailor products to individual dietary needs. Collaborations between food technology companies and traditional food manufacturers can also foster innovation and expand market reach.
As consumer awareness and demand for healthier, sustainable options increase, we expect the smart food market to continue growing. The integration of technology in food production and distribution will play a pivotal role in shaping the future of this market. Companies that prioritize transparency, sustainability, and consumer engagement will be better positioned to capitalize on emerging trends.
Market Dynamics And Factors For Smart Food Market
Drivers:
Growing Demand and Consumer Awareness for Smart Food
The smart food industry is experiencing rapid growth and development coupled with the demand to protect the consumer's health and interest which has led to the foundation of various regulatory policies and frameworks across the globe. Changing the dietary patterns of consumers due to modern lifestyles has been driving the growth of the smart food market. Increasing purchasing power of consumers has been resulting in shifting preferences towards a more balanced diet, which is expected to boost the growth of the smart food market during the forecast period. Growing food insecurity in developing economies is a key factor driving increasing developments in smart food technologies. The low glycemic index of smart foods helps in managing blood sugar levels and preventing diabetes, which is boosting the adoption of smart food solutions among health-conscious consumers. Smart food serves as an adaptation and mitigation strategy for climate change and is environmentally sustainable, which is contributing to the growing demand for smart food solutions. Farmers are increasingly adopting smart food solutions owing to the potential to increase crop yield. The rising need to reduce risks of chronic diseases among the growing global population is driving smart food choices, and in turn, contributing to the growth of the smart food market. Increasing government support regarding the adoption of smart foods is boosting developments in the smart food market.
Restraints:
Lack of Market Growth in Underdeveloped Regions
Lack of awareness regarding smart foods in underdeveloped economies is a factor restraining the growth of the smart food market, and the trend is expected to change during the forecast period due to increasing programs and campaigns to raise awareness in this regard.
Segmentation Analysis of Smart Food Market
By Food Type, the functional food segment revenue growth rate is projected to incline rapidly during the forecast period. The functional food segment registered the largest revenue share in the smart food market over the forecast period. Functional foods are defined by the presence of many components, some of which are classed as nutrients, that influence a variety of key functions in the body, resulting in improved wellbeing and health and/or a reduction in the risk of certain diseases. As a result, in addition to relieving hunger and delivering essential nutrients, these foods also help to avoid nutrition-related disorders and improve the body's physical and mental health. Demand is being driven by an increase in the consumption of food products containing functional ingredients. Functional ingredients' health-promoting characteristics are driving demand for functional food products among health-conscious consumers, and this trend is likely to continue during the projection period. Functional foods are nutrient-dense and aid in the prevention of nutrient deficiencies as well as the promotion of growth and development, which is boosting demand and consumption among health-conscious consumers.
By End Products, the dairy products segment registered the largest revenue share in the smart food market over the forecast period. Dairy products segment revenue growth rate is anticipated to incline rapidly during the forecast period. The smart food market is predicted to grow at a faster rate throughout the forecast period, thanks to rising dairy consumption and a growing worldwide population. Demand for high-quality dairy products is increasing as consumers' dietary habits and patterns change, and their disposable income rises as a result of their modern lifestyle. Consumer awareness of the numerous benefits of healthy food habits and diet, as well as changing lifestyles, are now driving revenue growth in the dairy products section of the smart food industry. Demand for dairy products is likely to rise as companies in the fast-moving FMCG industry increase their investments.
Opportunities:
Opportunity in Hitherto Underutilized Crops
Augmenting recognition that, hitherto underutilized crops could offer lucrative and new opportunities in the advent of climate change, as they are uniquely suited to marginalized environments, provide nutritional diversity, and enhance agro-bio-diversity within farmer fields.
Regional Analysis of Smart Food Market
The Asia Pacific region is set to become the leading player in the smart food market due to rapid urbanization, increasing disposable incomes, and growing health and nutrition awareness among consumers. As populations in countries like China and India continue to expand, demand for innovative and healthier food options is surging, prompting a transformation in food preferences.
Technological advancements in food production and distribution, such as precision agriculture, smart packaging, and data analytics, are enhancing efficiency and sustainability. Consumers are increasingly attracted to products that utilize these technologies, as they provide transparency regarding sourcing, nutritional content, and environmental impact. The integration of artificial intelligence in personalized nutrition solutions is also gaining traction.
Governments across the Asia Pacific region are recognizing the importance of transforming food systems to address challenges such as food security and climate change. Initiatives promoting sustainable agricultural practices and reducing food waste are being implemented, creating a supportive environment for smart food innovations. There is a significant opportunity for investors to tap into this burgeoning market, with a projected annual investment need of USD 350 billion. Public-private partnerships are emerging as a viable strategy to drive innovation and scale solutions across the food value chain.
Players Covered In Smart Food Market
- ADM (US)
- Kellogg Company (US)
- Arla Foods (Denmark)
- Aveka Inc. (US)
- Balchem Corporation (US)
- BASF SE (Germany)
- Cargill Inc. (US)
- Firmenich SA (Switzerland)
- Ingredion Incorporated (US)
- International Flavors & Fragrances Inc. (IFF) (US) and other major players.
Key Industry Developments In Smart Food Market
- In February 2022, responsAbility, in collaboration with KfW as the anchor investor and CGIAR, has launched a groundbreaking investment solution aimed at transforming food systems to combat climate change. This innovative strategy will provide long-term expansion debt to businesses in the food value chain across Asia Pacific, Latin America, and Africa, addressing critical issues like food loss and resilience for smallholder farmers. With an estimated USD 350 billion needed annually to reshape global food systems, responsAbility’s initiative seeks to unlock USD 4.5 trillion in new business opportunities. The partnership aims to implement climate-smart practices on 300,000 hectares while reducing approximately 8 million tonnes of greenhouse gas emissions.
Global Smart Food Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 612.38 Bn. |
Forecast Period 2024-32 CAGR: |
11.6% |
Market Size in 2032: |
USD 1644.37 Bn. |
Segments Covered: |
By Food Type |
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By End Products |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Food Type
3.2 By End Products
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Smart Food Market by Food Type
5.1 Smart Food Market Overview Snapshot and Growth Engine
5.2 Smart Food Market Overview
5.3 Genetically Modified Food
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Genetically Modified Food: Grographic Segmentation
5.4 Encapsulated Food
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Encapsulated Food: Grographic Segmentation
5.5 Functional Food
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Functional Food: Grographic Segmentation
Chapter 6: Smart Food Market by End Products
6.1 Smart Food Market Overview Snapshot and Growth Engine
6.2 Smart Food Market Overview
6.3 Bakery & Confectionery Products
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Bakery & Confectionery Products: Grographic Segmentation
6.4 Dairy Products
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Dairy Products: Grographic Segmentation
6.5 Meat Products
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Meat Products: Grographic Segmentation
6.6 Beverages
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Beverages: Grographic Segmentation
6.7 Dietary Supplements
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Dietary Supplements: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Smart Food Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 Smart Food Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Smart Food Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 ADM
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 KELLOGG COMPANY
7.4 ARLA FOODS
7.5 AVEKA INC.
7.6 BALCHEM CORPORATION
7.7 BASF SE
7.8 CARGILL INC.
7.9 FIRMENICH SA
7.10 INGREDION INCORPORATED
7.11 INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF)
7.12 OTHER MAJOR PLAYERS
Chapter 8: Global Smart Food Market Analysis, Insights and Forecast, 2017-2032
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Food Type
8.2.1 Genetically Modified Food
8.2.2 Encapsulated Food
8.2.3 Functional Food
8.3 Historic and Forecasted Market Size By End Products
8.3.1 Bakery & Confectionery Products
8.3.2 Dairy Products
8.3.3 Meat Products
8.3.4 Beverages
8.3.5 Dietary Supplements
Chapter 9: North America Smart Food Market Analysis, Insights and Forecast, 2017-2032
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Food Type
9.4.1 Genetically Modified Food
9.4.2 Encapsulated Food
9.4.3 Functional Food
9.5 Historic and Forecasted Market Size By End Products
9.5.1 Bakery & Confectionery Products
9.5.2 Dairy Products
9.5.3 Meat Products
9.5.4 Beverages
9.5.5 Dietary Supplements
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe Smart Food Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Food Type
10.4.1 Genetically Modified Food
10.4.2 Encapsulated Food
10.4.3 Functional Food
10.5 Historic and Forecasted Market Size By End Products
10.5.1 Bakery & Confectionery Products
10.5.2 Dairy Products
10.5.3 Meat Products
10.5.4 Beverages
10.5.5 Dietary Supplements
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Smart Food Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Food Type
11.4.1 Genetically Modified Food
11.4.2 Encapsulated Food
11.4.3 Functional Food
11.5 Historic and Forecasted Market Size By End Products
11.5.1 Bakery & Confectionery Products
11.5.2 Dairy Products
11.5.3 Meat Products
11.5.4 Beverages
11.5.5 Dietary Supplements
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Smart Food Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Food Type
12.4.1 Genetically Modified Food
12.4.2 Encapsulated Food
12.4.3 Functional Food
12.5 Historic and Forecasted Market Size By End Products
12.5.1 Bakery & Confectionery Products
12.5.2 Dairy Products
12.5.3 Meat Products
12.5.4 Beverages
12.5.5 Dietary Supplements
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America Smart Food Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Food Type
13.4.1 Genetically Modified Food
13.4.2 Encapsulated Food
13.4.3 Functional Food
13.5 Historic and Forecasted Market Size By End Products
13.5.1 Bakery & Confectionery Products
13.5.2 Dairy Products
13.5.3 Meat Products
13.5.4 Beverages
13.5.5 Dietary Supplements
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Smart Food Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 612.38 Bn. |
Forecast Period 2024-32 CAGR: |
11.6% |
Market Size in 2032: |
USD 1644.37 Bn. |
Segments Covered: |
By Food Type |
|
|
By End Products |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SMART FOOD MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SMART FOOD MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SMART FOOD MARKET COMPETITIVE RIVALRY
TABLE 005. SMART FOOD MARKET THREAT OF NEW ENTRANTS
TABLE 006. SMART FOOD MARKET THREAT OF SUBSTITUTES
TABLE 007. SMART FOOD MARKET BY FOOD TYPE
TABLE 008. GENETICALLY MODIFIED FOOD MARKET OVERVIEW (2016-2028)
TABLE 009. ENCAPSULATED FOOD MARKET OVERVIEW (2016-2028)
TABLE 010. FUNCTIONAL FOOD MARKET OVERVIEW (2016-2028)
TABLE 011. SMART FOOD MARKET BY END PRODUCTS
TABLE 012. BAKERY & CONFECTIONERY PRODUCTS MARKET OVERVIEW (2016-2028)
TABLE 013. DAIRY PRODUCTS MARKET OVERVIEW (2016-2028)
TABLE 014. MEAT PRODUCTS MARKET OVERVIEW (2016-2028)
TABLE 015. BEVERAGES MARKET OVERVIEW (2016-2028)
TABLE 016. DIETARY SUPPLEMENTS MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA SMART FOOD MARKET, BY FOOD TYPE (2016-2028)
TABLE 018. NORTH AMERICA SMART FOOD MARKET, BY END PRODUCTS (2016-2028)
TABLE 019. N SMART FOOD MARKET, BY COUNTRY (2016-2028)
TABLE 020. EUROPE SMART FOOD MARKET, BY FOOD TYPE (2016-2028)
TABLE 021. EUROPE SMART FOOD MARKET, BY END PRODUCTS (2016-2028)
TABLE 022. SMART FOOD MARKET, BY COUNTRY (2016-2028)
TABLE 023. ASIA PACIFIC SMART FOOD MARKET, BY FOOD TYPE (2016-2028)
TABLE 024. ASIA PACIFIC SMART FOOD MARKET, BY END PRODUCTS (2016-2028)
TABLE 025. SMART FOOD MARKET, BY COUNTRY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA SMART FOOD MARKET, BY FOOD TYPE (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA SMART FOOD MARKET, BY END PRODUCTS (2016-2028)
TABLE 028. SMART FOOD MARKET, BY COUNTRY (2016-2028)
TABLE 029. SOUTH AMERICA SMART FOOD MARKET, BY FOOD TYPE (2016-2028)
TABLE 030. SOUTH AMERICA SMART FOOD MARKET, BY END PRODUCTS (2016-2028)
TABLE 031. SMART FOOD MARKET, BY COUNTRY (2016-2028)
TABLE 032. ADM: SNAPSHOT
TABLE 033. ADM: BUSINESS PERFORMANCE
TABLE 034. ADM: PRODUCT PORTFOLIO
TABLE 035. ADM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. KELLOGG COMPANY: SNAPSHOT
TABLE 036. KELLOGG COMPANY: BUSINESS PERFORMANCE
TABLE 037. KELLOGG COMPANY: PRODUCT PORTFOLIO
TABLE 038. KELLOGG COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. ARLA FOODS: SNAPSHOT
TABLE 039. ARLA FOODS: BUSINESS PERFORMANCE
TABLE 040. ARLA FOODS: PRODUCT PORTFOLIO
TABLE 041. ARLA FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. AVEKA INC.: SNAPSHOT
TABLE 042. AVEKA INC.: BUSINESS PERFORMANCE
TABLE 043. AVEKA INC.: PRODUCT PORTFOLIO
TABLE 044. AVEKA INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. BALCHEM CORPORATION: SNAPSHOT
TABLE 045. BALCHEM CORPORATION: BUSINESS PERFORMANCE
TABLE 046. BALCHEM CORPORATION: PRODUCT PORTFOLIO
TABLE 047. BALCHEM CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. BASF SE: SNAPSHOT
TABLE 048. BASF SE: BUSINESS PERFORMANCE
TABLE 049. BASF SE: PRODUCT PORTFOLIO
TABLE 050. BASF SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. CARGILL INC.: SNAPSHOT
TABLE 051. CARGILL INC.: BUSINESS PERFORMANCE
TABLE 052. CARGILL INC.: PRODUCT PORTFOLIO
TABLE 053. CARGILL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. FIRMENICH SA: SNAPSHOT
TABLE 054. FIRMENICH SA: BUSINESS PERFORMANCE
TABLE 055. FIRMENICH SA: PRODUCT PORTFOLIO
TABLE 056. FIRMENICH SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. INGREDION INCORPORATED: SNAPSHOT
TABLE 057. INGREDION INCORPORATED: BUSINESS PERFORMANCE
TABLE 058. INGREDION INCORPORATED: PRODUCT PORTFOLIO
TABLE 059. INGREDION INCORPORATED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF): SNAPSHOT
TABLE 060. INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF): BUSINESS PERFORMANCE
TABLE 061. INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF): PRODUCT PORTFOLIO
TABLE 062. INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 063. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 064. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 065. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SMART FOOD MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SMART FOOD MARKET OVERVIEW BY FOOD TYPE
FIGURE 012. GENETICALLY MODIFIED FOOD MARKET OVERVIEW (2016-2028)
FIGURE 013. ENCAPSULATED FOOD MARKET OVERVIEW (2016-2028)
FIGURE 014. FUNCTIONAL FOOD MARKET OVERVIEW (2016-2028)
FIGURE 015. SMART FOOD MARKET OVERVIEW BY END PRODUCTS
FIGURE 016. BAKERY & CONFECTIONERY PRODUCTS MARKET OVERVIEW (2016-2028)
FIGURE 017. DAIRY PRODUCTS MARKET OVERVIEW (2016-2028)
FIGURE 018. MEAT PRODUCTS MARKET OVERVIEW (2016-2028)
FIGURE 019. BEVERAGES MARKET OVERVIEW (2016-2028)
FIGURE 020. DIETARY SUPPLEMENTS MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA SMART FOOD MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE SMART FOOD MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC SMART FOOD MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA SMART FOOD MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA SMART FOOD MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Smart Food Market research report is 2023-2030.
ADM (US), Kellogg Company (US), Arla Foods (Denmark), Aveka Inc. (US), Balchem Corporation (US), BASF SE (Germany), Cargill Inc. (US), Firmenich SA (Switzerland), Ingredion Incorporated (US), International Flavors & Fragrances Inc. (IFF) (US), and other major players.
The Smart Food Market is segmented into Food Type, End Products, and region. By Food Type, the market is categorized into Genetically Modified Food, Encapsulated Food, Functional Food. By End Products, the market is categorized into Bakery & Confectionery Products, Dairy Products, Meat Products, Beverages, Dietary Supplements. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Smart Food is a novel concept that includes foods that are good for you, the environment, and the farmer. Poor diets (from starvation to obesity); environmental challenges (climate change, water scarcity, and environmental degradation); and poverty are all addressed through Smart Food.
The Global Smart Food Market size is expected to grow from USD 548.73 billion in 2022 to USD 1320.29 billion by 2030, at a CAGR of 11.6% during the forecast period (2023-2030).