Smart Food Market Size, Revenue Growth Factors & Trends By 2030

1. Smart Food Market Size Worth USD 940.98 Billion by 2028 www.emergenresearch.com Increasing necessity to address global issues such as poor diets, environmental degredation, climate change, and poverty are factors driving global smart food market growth. . 2

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4. Industries We Cater to Food & Beverages Foods & Beverage, Food Ingredients, Food Processing and Equipment, Food Testing and Supply Chain, Health Food and Sports Nutrition, Frozen and Processed Food, Household, Retail Power & Energy Oil and Gas, Electricity, Energy Storage, Environmental, Renewable Energy Automotive Services Information and Tech Electric and Hybrid Vehicles, Off Highway and On Highway Vehicles, Aftermarket and Maintenance, Automotive Parts, Interior and Exterior Materials, Automotive electronics and Systems Data Security, Cloud Computing, IoT and Digitalization, Robotics, Telecom and Networking, Software and Services, Analytics, Semiconductor, Internet and E-Commerce www.emergenresearch.com Pharma & Healthcare Materials and Chemicals Medical Devices, Therapeutics, Biotechnology, Medical Imaging, Healthcare IT, Hospital Management, Diagnostics, Laboratory Equipment, Pharmaceutical Organic Chemicals, Disinfectants and Preservatives, Adhesives and Sealants, Polymers and Resins, Petrochemicals, Agrochemicals and Fertilizers, Paints and Coatings 5

5. Market Summary 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 movement by the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) is expected to boost growth of the smart food market during the forecast period. The movement aims to convert the ‘Big 3’, which is rice, maize, and wheat, into the ‘Big 5’, which includes rice, maize, wheat, millets, and sorghum, in order to reduce prevalence of malnutrition, particularly in developing countries. Read More : https://www.emergenresearch.com/industry-report/smart-food-market www.emergenresearch.com

6. Market Summary Key Highlights of Report 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. 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. Request Free Sample : https://www.emergenresearch.com/request-sample/511 www.emergenresearch.com

7. Market Summary 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 Request customization of the report @ https://www.emergenresearch.com/request-for-customization/511

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9. Regional Share Dynamics www.emergenresearch.com

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