Global Smart Food Market By Food Types (Functional, Encapsulated, Genetically Modified), By End Products (Dairy, Bakery, Meat, Confectionary, Dietary Supplements, Beverages), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

The global Smart food market accounted for USD 626.9 Million in 2024 and is estimated to be USD 1597.6 Million by 2034 and is anticipated to register a CAGR of 10.8%.

Food consumption has impact on many areas of life, including body size, health, culture, behavior, and preferences. The food problems in the developing nations have been analyzed as the socio-political construction and scientization of food security through nutritionism. The food system faces multiple challenges including population growth, increasing urbanization and the emergence of larger middle-class, with changing consumer’s attitudes directed towards food quality and safety.

Smart food technologies have emerged as an ideal way to involve the corporate sector in public-private partnerships. Smart food technologies recognize the important role of technologies-oriented innovations. There are other applications of smart technology to improve food chain performance in terms of energy use during distribution, improving logistics systems and improving food waste management. Smart agriculture technologies resonate with smart food technologies.

Some crops called smart foods due to being nutritious and healthy. Smart food is the global initiative that aims at diversifying at staples. The focus on staples can lead to major impacts with alleviating malnutrition and ensuring better on farm diversity. The smart food approach is majorly driven from the consumer end.
 

Increasing health consciousness among the population

Health and wellness have become a matter of priority and concern for the current global population.  Moreover, with the growing number of medical cases such as heart diseases, cancer, osteoporosis, diabetes, strokes, and rising healthcare costs, the consumers are becoming increasingly aware about their diet. Identifying this current growing demand of having a healthy lifestyle, companies across the globe are relentlessly putting in efforts to further develop the otherwise stagnating food and fast moving consumer goods (FMCG) industry.

Rapid urbanization and growing use of digital technology

Rapid urbanization and the use of digital technology is the key market driver for the targeted market. The global smart food market is primarily being driven by increasing customer attitude oriented towards healthy and safe foods. Growing adoption of innovative technology by food industry to supply each and each detail of the food item to its consumer is projected to be the dynamic factor behind the rapid climb of smart food label market. Moreover, rising demand by consumer for correct labeling of food item and growing concern among the consumers regarding food quality are a number of the factors propelling the expansion smart food market.

The global smart food market is segmented based on food types, end products, and region.

On the basis of food types, the global smart food market is segmented into functional, encapsulated, genetically modified. Based end products, the target market segmented into dairy, bakery, meat, confectionary, dietary supplements, and beverages.

Regional Insights:

On region the global smart food market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The smart food market holds a prominent share in various countries of Asia-Pacific (APAC), North America, Europe and Rest of the World. Asia-Pacific dominated the market, followed by North America, due to the increasing disposable income among consumers, especially in countries such as India and China. Moreover, the region is expected to grow at the highest CAGR by the forecast period due to reasons such as growing urbanization, growing baby boomer population and changing dietary patterns.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global smart food market report based on food types, end products, and region.

Global Smart Food Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the global smart food market includes Cargill Inc., Arla Foods, Kerry Group, Nestle, Archer Daniels Midland Company, Aveka, Balchem Corporation, GSK, Firmenich, BASF, Kellogg, The Coca Cola Company, Ingredion Inc., International Flavors & Fragrances Inc., Royal Friesl and Campina N.V., Symrise, Tate & Lyle, and PepsiCo. The competitive landscape for the smart foodstuff demonstrates an inclination towards companies adopting strategies like mergers & acquisitions and business expansions. The main established players within the market, are focusing more on mergers & acquisitions to introduce new sorts of innovations and different set of food products. For instance, In Aug 2019, Danone & Nestle launching a slew of new products in health and nutrition segment.

Company Profile:

• Nestle
• Cargill Inc.
• Arla Foods
• Kerry Group
• Archer Daniels Midland Company
• Aveka
• Balchem Corporation
• GSK
• Firmenich
• BASF
• Kellogg
• The Coca Cola Company
• Ingredion Inc.
• International Flavors & Fragrances Inc.
• Royal FrieslandCampina N.V.
• Symrise
• Tate & Lyle
• PepsiCo