Smart Food Scale Market Size & Share, by Type (Mechanical, Electronic); Material (Stainless Steel, Glass); Weight (Below 50lb, 50-100lb, 100-200lb, Above 200lb), Distribution Channel (Online, Offline) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3558
  • Published Date: Jan 05, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Smart Food Scale Market
Get more information on this report: Request Free Sample PDF

Smart Food Scale Sector: Growth Drivers and Challenges

Growth Driver

  • Rising rate of obesity: The World Health Organization reports that 13% of persons over the age of 18 are obese and 39% are overweight. An imbalance between energy expended and energy consumed is the primary cause. As a result, it is true that a large number of people do not eat a nutritious diet. Moreover, malnutrition can take different forms that have nothing to do with energy balance. For instance, not getting enough fiber, minerals, or vitamins are examples of micronutrient deficiencies. A lot of home chefs lack the awareness about nutrition in general or about their personal diets to make informed food choices for their family and themselves. Numerous techniques exist to assist individuals in increasing their awareness of nutrients; the majority of these techniques rely on some form of nutrient tracking. In consideration to this, the demand for smart food scale is predicted to rise in the upcoming years, thereby supporting market growth.  
  • Rising adoption of connected devices and IoT: It is projected that by 2030, there will be over 30 billion Internet of Things (IoT) devices globally, nearly doubling from 15 billion in 2020. Additionally, it is anticipated that the growing trend of incorporating artificial intelligence (AI) into smart home devices for smart features will boost product demand. Additionally, the demand for connected smart home devices is being driven by the growing global penetration rate of smartphones and the internet. It is anticipated that the smart home sector would expand rapidly, reaching a projected value of US$230 billion by 2028. This increase in adoption of IoT and smart devices in daily lives, and smart home integration have substantially contributed to demand of smart food scales, majorly because users find connectivity and data sharing capabilities more appealing. As a result, global smart food scale market is anticipated to witness growth due to rising adoption of connected devices and IoT.
  • Growing Interest in Quantified Self: The concept of “quantified self” for which individuals measure numerous aspects of daily lives, such as nutrition intake, diet balancing and others, has gained traction these days. This rising interest is further propelling the demand for smart food scales.

Challenges

  • Dependency on Technology: Despite of a high adoption rate of smartphones and other smart devices, a number of people are yet not comfortable in using such devices due to lack of knowledge. The fact that smart food scales entirely depend on technology may hinder its demand growth as many people may not find it convenient to use technology they are equipped with, hence restraining the overall market growth.  
  • Limited Awareness is Expected to Pose Limitation on the Market Growth in the Projected Period
  • Perceived Unnecessary Complexity is Predicted to Hamper the Market Expansion in the Upcoming Period. 

Smart Food Scale Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~7%

Base Year Market Size (2023)

~USD 2 Billion

Forecast Year Market Size (2036)

`USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Small Food Scale Segmentation

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:

     Type

  • Mechanical
  • Electrical

      Material

  • Stainless Steel
  • Glass

      Weight

  • Below 50lb
  • 50-100lb
  • 100-200lb
  • Above 200lb

       Distribution Channel

  • Online
  • Offline

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Smart Food Scale Industry - Regional Synopsis

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.

Research Nester
Smart Food Scale Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Power Factor Corrector Landscape

top-features-companies
    • Smart Diet Scale, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Ozeri
    • OXO International, Ltd.
    • Etekcity Corporation
    • ReFleX Wireless Inc.
    • Canny Industrial Ltd.
    • Lifetime Brands, Inc.
    • E. G. Kantawalla Private Limited
    • METTLER TOLEDO

In-the-news

In The News

  • Etekcity entered into a partnership with MyFitnessPal in 2021. This partnership aimed to help consumers in achieving their health & fitness goals.  This enables the users to sync Etekcity smart scales with MyFitnessPal app allowing them to track their weight in real-time and get data-driven nutrition insights and organized & guided plan.
  • Amazon released a new program named Build It, in 2021. A Smart Nutrition Scale—which can be coupled with an Echo Show to examine dietary data at a glance—is one of the initiatives the organization revealed it will be working on using this platform. It will provide fast, hands-free access to nutritional information for a variety of foods.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 3558
  • Published Date: Jan 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising prevalence of obesity, growing adoption of connected devices and IoT are some of the major factors anticipated to drive the growth of the smart food scale market.

The market is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are of Smart Diet Scale, Inc., Ozeri, OXO International, Ltd., Etekcity Corporation, ReFleX Wireless Inc., Canny Industrial Ltd., Lifetime Brands, Inc., Tanita Corporation, E. G. Kantawalla Private Limited, METTLER TOLEDO.

The electronic segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Smart Food Scale Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying