Dublin, May 19, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Smart Food Market, Analysis & Forecast - 2017 to 2022 (Focus on Food Type, End Products & Region)" report to their offering.
The Smart Food Market is Expected to Grow at a CAGR of 8.32% Through 2016 to 2022
In spite of the intense competition, the report has estimated that the industry will grow over $525.25 billion by 2022 at a single digit CAGR through 2015-2022, with Asia-Pacific leading the market due to the increasing disposable income among consumers, especially in countries such as India and China.
Increasing consumer awareness about the rising health issues, growing emphasis on fitness, higher personal income and rapid urbanization of emerging economies are the major factors that have led the customers to become more conscious of their health and well being moreover, regular exercising and maintaining a healthy diet has become a priority for consumers which have voluntarily adopted healthy eating habits by consuming food products with high nutrition and also substituting products which are high in fat, calories and sugar with healthy alternatives.
Considering the growing popularity of this market, the report titled, Global Smart Food Market, Estimation & Forecast 2016-2022 incorporating a comprehensive segmentation of the market into food type, end products, and geography and detailed analysis of the factors that are likely to influence and shape the market. The ongoing changes in the industry has led the study to incorporate a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities for the global smart food market through the forecast period. The market numbers play an important role in the industry, following which a proper market sizing & estimation by food type, by end products, and by geographical location has been done for the industry.
The smart food industry is experiencing rapid growth and development coupled with the demand to protect the consumer's health and interest which has led to the foundation of various regulatory policies and frameworks across the globe. This industry faces major differences in the key terminologies across the global market, along with significant differences in the regulatory and policy environment. Various countries have developed their own policies, regulatory framework, labelling, agendas, novel food application procedure, nutritional content, health benefits and also various ways of enforcement of these regulations.
Additionally, having identified the potential for further development in the form of agreements, collaborations, contracts, joint ventures & partnerships among others, the report has included a separate section of detailed competitive insights. The recent activities by the key players in this market have also been tracked in the form of company profiles.
The report answers the following questions about the global smart food market:
- What are the different factors driving the market and how will the impact change through the forecast period?
- What are the major factors challenging the growth of global smart food market and how can they be addressed through the forecast period?
- How will the market players leverage on key developments such as acquisitions, partnerships, and product launch among others?
- Which region will lead the global smart food market by the end of the forecast period?
- What are the prevalent food type and what is the market size for each of them?
- What are the prevalent end products and what is the market size for each of them?
- How will the competitive rivalry evolve through the forecast period?
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.
Key Topics Covered:
Executive Summary
1 Report Scope & Methodology
1.1 Scope of the Report
1.2 The Smart Food Market Research Methodology
2 Industry Analysis
2.1 Opportunity Matrix Analysis
2.2 Country Share Analysis
2.3 R&D Analysis of Key Market Players
2.4 Regulatory Framework Surrounding the Smart Food Market
3 Market Dynamics
3.1 Market Drivers
3.1.1 Increasing Health Conscious Population
3.1.2 Growing Research and Development in Food Preservatives
3.1.3 Introduction of Food Preservation Techniques
3.1.4 Rising Healthcare Costs
3.2 Market Restraints
3.2.1 Fragmented Nature of the Market
3.2.2 Lack of Awareness About Smart-Food Products
3.2.3 High Cost Restricting Mass Adoption
3.3 Market Opportunities
3.3.1 Government Support and Rising Economy in Developing Nations
3.3.2 Population Demographics Across the Globe
4 Competitive Landscape
4.1 Key Market Developments & Strategies
4.2 Industry Attractiveness
5 Smart Food Market by Food Type
5.1 Assumptions and Limitations for Analysis and Forecast of the Global Smart Food Market
5.2 Market Overview
5.3 Functional Food
5.4 Encapsulated Food
5.5 Genetically Modified Food
5.6 Others (Novel & Analogue Food)
5.6.1 Other Smart Foods
5.6.1.1 Novel Food
5.6.1.2 Analogue Food
6 Smart Food Market by End Products
6.1 Bakery Products
6.2 Confectionary
6.3 Dairy Products
6.4 Meat Products
6.5 Dietary Supplements
6.6 Beverages
6.7 Others
7 Smart Food Market by Geography
8 Company Profiles
- Archer Daniels Midland Company
- Arla Foods
- Aveka
- BASF
- Balchem Corporation
- Cargill Inc
- Firmenich
- GSK
- Ingredion Inc
- International Flavors & Fragrances Inc (IFF)
- Kellogg
- Kerry Group
- Nestle
- PepsiCo
- Royal FrieslandCampina NV
- Sensient Technologies Corporation
- Symrise
- Tate & Lyle
- The Coca Cola Company
For more information about this report visit http://www.researchandmarkets.com/research/xr9tnq/global_smart_food