Market Research Report
Global Smart Food Market: Focus on Food Types (Functional, Encapsulated, Genetically Modified) & End Products (Dairy, Bakery, Meat, Confectionary, Dietary Supplements, Beverages) - Analysis & Forecast 2017-2022
|Published by||BIS Research Inc.||Product code||609628|
|Published||Content info||196 Pages
Delivery time: 1-2 business days
|Global Smart Food Market: Focus on Food Types (Functional, Encapsulated, Genetically Modified) & End Products (Dairy, Bakery, Meat, Confectionary, Dietary Supplements, Beverages) - Analysis & Forecast 2017-2022|
|Published: March 2, 2018||Content info: 196 Pages||
The smart food market is expected to grow from $325.26 billion in the year 2016, at a CAGR of 8.32% from 2017 to 2022. This growth is attributed to the increasing awareness among consumers about health and balanced diet and also the changing dietary patterns according to modern lifestyle. Moreover, the rising healthcare costs has also driven the growth of this market.
Owing to the to the increasing awareness among consumers about health and balanced diet and also the changing dietary patterns due to modern lifestyle, the smart food market is expected to grow at a CAGR of 8.32% through 2016 to 2022. The companies have come up with the smart food segment in their existing product portfolios, marketing them as products which assist in preventing diseases or improve health conditions, thereby further reducing the healthcare costs.
The report is a compilation of the different segments of global smart food market, including market breakdown by the food type, end products, and different geographical areas. Herein the revenue generated from the food type, namely: functional food, encapsulated food, genetically modified food, and others; and end products, namely: bakery products, confectionay, and dairy products is tracked to calculate the overall market size. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the smart food market. It also includes the key participants involved in the industry at the relevant sections.
The report puts special emphasis on the market share of the services provided in smart food market, owing to the changing paradigms in the industry. In spite of this, due to the numerous instances of failed business models and financial pressure, a majority of potential new entrants resist from adopting smart food services. The reports further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. This segment also focuses on the investments done in the smart food market by the market participants.
The most often used strategy for developing a better hold on to the market has been through mergers & accquisition, followed by business expansion. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years.
Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (R.o.W.). Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global smart food market are Ingredion, Cargill Inc., Balchem Corporation, Sensient Technologies, Symrise, and Kerry group.