Smart Food Market Share, Size, Industry Analysis, Demand, Growth and Research Report 2020-2027

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. 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.

The global smart food market report focuses on various national and international business development prospects, as well as competitive terrains of the worldwide market. The market size estimation and forecasts detailed in this report are based on a thorough research methodology and are tailored according to the different conditions that create the demand for the global market. The study of the historical background of the global market demand has been conducted, keeping in mind all the organic and inorganic innovations introduced in the market. Therefore, the latest report offers precise estimates of the global market size over the projected period, and further include the primary factors influencing the growth in global market demand.

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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.

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

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Key Coverage of the Report:

  • Detailed scrutiny of the latest market trends, including drivers, opportunities, threats, constraints, challenges, and future investment prospects
  • Market segmentation by deployment type, authentication type, component, organization size, industry vertical
  • Regional and country-wise market size estimation for the forecast period (2019-2027)
  • Pricing strategies of the regional market players
  • Demand & supply gap analysis
  • Competitive landscape analysis
  • Market share analysis of the top market players
  • Strategic recommendations for new market entrants
  • Company profiling of the leading market players
  • Brief summary of the key strategies, financial positions, and recent developments of the leading companies

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