The functional food segment registered the largest revenue share in the smart food market over the forecast period.
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As a result, and due to expanding initiatives and activities to create awareness in this respect, the novel trend is likely to shift within the forecast period.Īcquire PDF Sample Report + All Related thorough TOC, Graphs and Tables of Global Smart Food Market Now:īy Food Type, the functional food segment revenue growth rate is projected to incline rapidly during the forecast period. The market for smart foods is growing as a result of rising government backing for their adoption. Smart food choices are being driven by the growing demand to lower the risk of chronic diseases among the expanding global population, which is also boosting the market for such foods. Since smart food solutions have the potential to boost agricultural productivity, farmers are embracing them more frequently. The demand for smart food solutions is rising as a result of the growing need to combat malnutrition, the rising incidence of diabetes and cardiovascular diseases, as well as the growing number of environmental problems including water scarcity and climate change. The need to address pressing global challenges including bad diets, environmental concerns, and poverty is becoming more and more important, which is one of the main drivers of the use of smart food solutions. Another important element propelling the growth of the smart food market is rising investments by food processing industries as a result of increased focus on production of improved food preservation techniques.
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