Global Smart Food Market Analysis & Forecast 2017 to 2022: Focus on Food Type, End Products & Region - Key Players are Ingredion, Cargill, Balchem, Sensient Technologies, Symrise, and Kerry Group - Research and Markets

DUBLIN--()--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 from $ 325.26 billion in the year 2016 to $525.25 billion by 2022, at a CAGR of 8.32%

This growth is attributed to the increasing awareness among consumers about health and balanced diet and also the changing dietary patterns according to modern lifestyle. Moreover, rising healthcare costs have also driven the growth of this market.

The trends of the smart food market varies with different geographical regions. The competitive landscape for the smart food market demonstrates an inclination towards companies adopting strategies such as mergers & acquisitions and business expansions. The major established players in the market are focusing more on mergers & acquisitions to introduce new forms of innovations and different sets of food products.

Ingredion, Cargill Inc., Balchem Corporation, Sensient Technologies, Symrise, and Kerry Group were the most prominent names that surfaced in 2016 in this regard. These companies underwent a range of mergers & acquisitions and launched various new products.

Market Dynamics

Market Drivers

  • Increasing Health Conscious Population
  • Growing Research and Development in Food Preservatives
  • Introduction of Food Preservation Techniques
  • Rising Healthcare Costs

Market Restraints

  • Fragmented Nature of the Market
  • Lack of Awareness About Smart-Food Products
  • High Cost Restricting Mass Adoption

Market Opportunities

  • Government Support and Rising Economy in Developing Nations
  • Population Demographics Across the Globe

Key Topics Covered:

Executive Summary

1 Report Scope & Methodology

2 Industry Analysis

3 Market Dynamics

4 Competitive Landscape

5 Smart Food Market by Food Type

6 Smart Food Market by End Products

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/s4nxsp/global_smart_food

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Health Food and Sports Nutrition

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Health Food and Sports Nutrition