Market Overview:
The global smart food machine market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenience and healthy food options, rising disposable income, and technological advancements in smart food machines. Based on type, the stirring type segment is expected to account for the largest share of the global smart food machine market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period. Stirring type smart food machines are easy-to-use and are ideal for making various types of dishes such as soup, pasta sauce, etc., without any hassles. They also come with preset cooking programs that make it easier for users to cook their desired dish without any errors. Based on application, the home segment is expected to account for majority share of global Smart Food Machine Market by 2030 end followed by commercial segments respectively .
Product Definition:
A Smart Food Machine is a device that uses sensors and algorithms to automatically identify, weigh, and track the ingredients of food as it is being made. The machine then sends this information to a cloud-based database, which can be accessed by chefs or restaurateurs who want to create recipes or menus. The importance of the Smart Food Machine is that it can help chefs and restaurateurs make better decisions about what ingredients they are using, how much of each ingredient they need, and how best to combine them. This information can help restaurants create healthier dishes with fewer calories and more nutrients.
Stirring:
Stirring is a process of mixing ingredients in food processing industry. It's main function is to break solid particles into smaller sizes so that they can be evenly distributed in the food product. In order to achieve this goal, stirrer uses different types of blades which are rotating at high speed and are used for this purpose.
Juicing:
Juicing is the process of extracting juice from a fruit or vegetable. It's basically used for getting all the nutrients and valuable phytochemicals that are present in fruits and vegetables. The modern-day juicers are very different from those used to make a simple extract with no electricity involved, where fruits were cut into pieces and put into a container to get the juice out.
Application Insights:
The home application segment accounted for the largest share of over 70.0% in 2017. The growing preference for home-made food among consumers, coupled with rising health concerns regarding nutritional deficiencies and obesity, is expected to drive the demand for smart food machines in homes across the globe. Furthermore, increasing penetration of smart devices has facilitated easy access to information regarding nutrition content and related issues pertaining to various foods consumed by consumers in their daily lives. This factor is projected to fuel market growth over the forecast period.
Commercial applications are anticipated to witness significant growth over the forecast period owing to rising adoption of smart food machines at cafes and restaurants across various regions including North America, Europe, Asia Pacific and Middle East & Africa countries including Saudi Arabia, UAE India etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to growing awareness regarding a healthy diet, increasing adoption of smart devices, and rising demand for organic food among consumers in U.S., Canada, and Mexico. Europe accounted for more than 25% of the overall revenue share in 2017 owing to high product demand from countries such as Germany, France Italy, Spain among others due to their large consumer base and strong presence of major players operating across various industry verticals including retail & e-commerce; restaurants & hotels; healthcare & fitness centers; educational institutes; etc.).
Growth Factors:
- Increasing demand for convenience foods: The Smart Food Machine market is driven by the increasing demand for convenience foods, which are easy to prepare and do not require any time-consuming cooking procedures. This is because of the hectic lifestyles of people, who are always on the go and do not have enough time to cook food.
- Rising disposable income: Another key growth driver for this market is rising disposable incomes, which allow consumers to afford technologically advanced appliances such as Smart Food Machines.
- Growing awareness about healthy eating habits: There is also growing awareness among consumers about healthy eating habits, which has led to an increase in demand for smart food machines that offer healthier cooking options.
- Technological advancements: The growth of the Smart Food Machine market is also propelled by technological advancements in this sector, with new and innovative products being launched regularly into the marketplaces. This allows consumers to have a wider range of choices when it comes to selecting a smart food machine that meets their specific needs and requirements.. 5) Increasing trend towards home automation: Finally, another key factor driving growth in this market is the increasing trend towards home automation, wherein homeowners are increasingly installing various devices and appliances that make their homes more energy-efficient and convenient to live in
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Food Machine Market Research Report
By Type
Stirring, Juicing
By Application
Home, Commercial
By Companies
Shanghai Chunmi Electronics Technology, Vorwerk, WORDIN, Dustie, TINECO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Smart Food Machine Market Report Segments:
The global Smart Food Machine market is segmented on the basis of:
Types
Stirring, Juicing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shanghai Chunmi Electronics Technology
- Vorwerk
- WORDIN
- Dustie
- TINECO
Highlights of The Smart Food Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stirring
- Juicing
- By Application:
- Home
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Food Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Food Machine is a kitchen appliance that automates the cooking of food. It uses sensors to detect when food is cooked to the desired level, and then sends an alert to the user via a display or speaker.
Some of the key players operating in the smart food machine market are Shanghai Chunmi Electronics Technology, Vorwerk, WORDIN, Dustie, TINECO.
The smart food machine market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Food Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Food Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Food Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Food Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Food Machine Market Size & Forecast, 2018-2028
4.5.1 Smart Food Machine Market Size and Y-o-Y Growth
4.5.2 Smart Food Machine Market Absolute $ Opportunity
Chapter 5 Global Smart Food Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Food Machine Market Size Forecast by Type
5.2.1 Stirring
5.2.2 Juicing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Food Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Food Machine Market Size Forecast by Applications
6.2.1 Home
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Food Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Food Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Food Machine Analysis and Forecast
9.1 Introduction
9.2 North America Smart Food Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Food Machine Market Size Forecast by Type
9.6.1 Stirring
9.6.2 Juicing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Food Machine Market Size Forecast by Applications
9.10.1 Home
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Food Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Food Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Food Machine Market Size Forecast by Type
10.6.1 Stirring
10.6.2 Juicing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Food Machine Market Size Forecast by Applications
10.10.1 Home
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Food Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Food Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Food Machine Market Size Forecast by Type
11.6.1 Stirring
11.6.2 Juicing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Food Machine Market Size Forecast by Applications
11.10.1 Home
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Food Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Food Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Food Machine Market Size Forecast by Type
12.6.1 Stirring
12.6.2 Juicing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Food Machine Market Size Forecast by Applications
12.10.1 Home
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Food Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Food Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Food Machine Market Size Forecast by Type
13.6.1 Stirring
13.6.2 Juicing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Food Machine Market Size Forecast by Applications
13.10.1 Home
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Food Machine Market: Competitive Dashboard
14.2 Global Smart Food Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shanghai Chunmi Electronics Technology
14.3.2 Vorwerk
14.3.3 WORDIN
14.3.4 Dustie
14.3.5 TINECO
