Smart Food Market 2021 Research Report By Technology, By Resolution, By Application Global Forecast To 2028
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Increasing necessity to address global issues such as poor diets, environmental degredation, climate change, and poverty are factors driving global smart food
VANCOUVER, BC, CANADA, September 20, 2022 /EINPresswire.com/ -- 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, packaging, and high nutritional value food products. 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.
The Smart Food Market reports aims to convey a reasonable understanding of the business which has been analyzed by using primary and secondary research strategies. The major purpose of this Smart Food Market report is to provide an in-depth view and strategic analysis of the parent industry. The report examines each segment as well as their respective sub-segments present in the market in an all-inclusive manner. The report provides a deep insight into the industry parameters by evaluating the growth of the market, share, volume, projected industry trends, and the different variations in prices for the forecasted year.
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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
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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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities,
Some of key highlights
In November 2020, Cargill announced investment into Health for Life Capital II fund of Seventure Partners. The Health for Life capital II Fund of Seventure Partners supports the microbiome revolution in the areas of nutrition and health. The investment is expected to help Cargill in bringing more relevant products to the market in the functional food arena.
The dairy products segment accounted for largest market share of 31.0% in 2020. Increasing consumption of dairy products among a global consumer base is driving growth of the smart food market, and this is expected to continue during the forecast period.
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.
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Furthermore, the report divides the Smart Food market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
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
The study delivers real answers for questions about market segmentation by types, region and application to power the overall market research for the forecast period. Subject matter experts behind the market analysis have collaborated with some of the highly acclaimed business owners to track records and estimate what is happening in areas such as technology innovation, production volume, end-use and product pricing. Research analysts have further remodeled their approach to present a report uniquely positioned to offer unmatched information on prominent manufactures, new entrants, exiting white spaces, acquisitions and mergers, collaborations and product launches.
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The primary reasons for purchasing this record:
1. The report identifies, determines, and forecasts the worldwide Smart Food market segments based totally on its type, sub-kind, technology used, programs, cease-customers, and areas.
2. In-depth information close to the key factors influencing the growth of the market (which includes drivers, restraints, threats, and possibilities) has been supplied in this file.
3. It inspects the little firm sectors in view of their improvement patterns, advancement examples, opportunities, and dedication to the general market.
4. The report concentrates on the first-rate open doors searching for changed partners and financial backers by identifying the excellent development quantities and sub-sections.
5. The concentrate precisely profiles key dealers and players operating on the lookout, concerning their positioning and middle skills, in conjunction with identifying the severe scene.
6. It researches competitive traits consisting of partnerships and collaborations, mergers and acquisitions (m&a), studies and improvement (r&d) sports, product developments, and expansions within the global Smart Food market.
What Questions Should You Ask before Buying a Market Research Report?
• How is the Smart Food market evolving?
• What is driving and restraining the Smart Food market?
• How will each Smart Food submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2028?
• How will the market shares for each Smart Food submarket develop from 2021 to 2028?
• What will be the main driver for the overall market from 2021 to 2028?
• Will leading Smart Food markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2028 and which geographical region will lead the market in 2028?
• Who are the leading players and what are their prospects over the forecast period?
• What are the Smart Food projects for these leading companies?
• How will the industry evolve during the period between 2021 and 2028? What are the implications of Smart Food projects taking place now and over the next 10 years?
Thank you for reading our report. Please connect with us to know more about the report or the customization of the report. Our team will ensure the report is best suited to meet your requirements.
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