Smart Food Scale Market size is estimated to cross USD 5 Billion by the end of 2036 growing at a CAGR of 7% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of power factor corrector was over USD 2 Billion. The expansion of market can be supported by the rising health and awareness trends. Rising awareness regarding healthy eating and adequate nutrient intake is responsible for the increased number of consumers seeking for tools which track and manage the food intake. For instance; as per a survey conducted; across all markets surveyed, at least 70% of respondents expressed a desire to improve their health. Food is crucial to reaching that objective, and across all age categories, over 50% of customers indicate that eating healthily is their top priority. This has heightened the demand for smart food scales, thereby supporting the market growth.
In addition to this, a number of smart food scales are available in the market that offer features such as recipe scaling and nutritional information for some of the recipes. Such advanced features seem more appealing to people, especially those who want to customize their meals as per their personal preferences and dietary requirements. In light of this, smart food scale market is anticipated to witness significant growth during the projection period.
Growth Driver
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~7% |
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Base Year Market Size (2023) |
~USD 2 Billion |
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Forecast Year Market Size (2036) |
`USD 5 Billion |
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Regional Scope |
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Type (Mechanical, Electronic)
Based on type, the electronic segment in the smart food scale market is estimated to hold the largest revenue share of 57% during the forecast period. More accuracy is provided by electric smart food scales than by others. Accurate ingredient weighting is essential for exquisite cuisine, and this kind of smart food scale does exactly that. For example, baking requires exact ingredient measurements because the ingredients react chemically and determine the end product's quality. Furthermore, the large digital display on these scales provides an accurate weight reading in a matter of seconds. The components can be measured with these scales to the nearest gram or ounce. Thus, in this segment, the market expansion is being propelled by these factors.
Distribution Channel (Online, Offline)
The fastest growing segment in the material segmentation of smart food scale market is the online. Customers can browse and buy many products in one location via e-commerce platforms, providing them with a more convenient one-stop shop experience. Customers can simply browse the product's features and designs and place an online order. Customers who purchase products online are typically offered setup and installation services for such devices. Moreover, the growth in this segment is supported by factors like elements like growing convenience of consumers, reach of online sales channels, and large availability of options. Further, the market in this segment is witnessing growth as a result of the growing e-commerce sector. For instance; it is predicted that e-commerce sales has reached USD 5.5 trillion globally in 2022.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Material |
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Weight |
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Distribution Channel |
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North America Market Forecasts
The smart food scale market for North America region is estimated to hold the highest CAGR of 35% by the end of 2036. Several of the major participants in this market are based in the region. The smart home industry in North America is being driven by elements like the rising demand for dependable diet management, enhanced device standards, and the expanding acceptance of integrating smart devices - such smartphones, tablets, and other connected devices - in homes. North America has more smart homes than any other region in the globe, with the US leading the way. It is projected that the growing number of smart homes in the region will aid in the expansion of the market in North America.
APAC Market Statistics
The smart food scale market in the Asia Pacific region is anticipated to grow significantly by the end of forecast period. In South Asia, ending the intergenerational cycle of malnutrition depends heavily on women's nutrition. A third of the world's undernourished children live in this region, according to the UNICEF report Undernourished and Overlooked. Similarly, one in two South Asian women are anemic, and one in five are underweight. The region with the highest rates of undernutrition among mothers also had the highest rates of undernutrition among children, according to UNICEF's research. All of South Asia's national governments have worked together in recent years to combat undernutrition in women and children. Smart food scales that are integrated into homes can help combat malnutrition by encouraging portion control and raising awareness of nutrition. The market for smart food scale is estimated to witness growth in the Asia Pacific region owing to above mentioned factor.
Author Credits: Abhishek Verma
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