Market Research Report Store(MRRS) adds "Global Smart Food Market, Analysis & Forecast- 2017 to 2022 (Focus on Food Type, End Products & Region)" latest studies, published in March 2017. It is a professional and in-depth study.

The smart food market is expected to grow from $ 325.26 billion in the year 2016 to $525.25 billion by 2022, at a CAGR of 8.32%.

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Summary

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, BIS Research has published a 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.
In spite of the intense competition, BIS Research 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.
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. Some of the key companies covered in the report are Ingredion, Cargill Inc., Balchem Corporation, Sensient Technologies, Symrise, and Kerry group.

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