PUBLISHER: Mind Commerce | PRODUCT CODE: 1250022
PUBLISHER: Mind Commerce | PRODUCT CODE: 1250022
This report evaluates the technologies, solutions, and related market opportunities for leveraging these next generation food system technologies. The report includes analysis of the food ecosystem and the role of technologies in reducing costs, improving revenues, and optimizing overall value throughout the ecosystem. The report includes detailed quantitative analysis and forecasts for 2023 through 2028.
The smart food marketplace is a combination of both consumer market and technology solutions. The consumer market includes the sales solutions and processes of different types of end products made from various types of smart foods. At the same time, use of technology across the value chain from food production to customer purchase creates a separate market for smart food technology.
Smart food represents those products, services, and processes that support the intelligent production, logistics, and sales of food. The smart food ecosystem is rapidly evolving as constituents in the value chain are aggressively integrating advanced technologies such as AI, advanced data analytics, and various Internet of Things (IoT) technologies throughout food systems.
IoT alone is anticipated to generate substantial savings on the supply-side of the food ecosystem as IoT in Agriculture enables significant cost savings due to operational efficiency improvements, which translate into lower labor costs as well as more efficient use of inputs to production such as fossil fuels, water, fertilizer, etc.
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