Global Smart Harvest Market Size 2024, Forecast To 2033

The smart harvest market has experienced rapid growth, surging from $16.02 billion in 2023 to $17.98 billion in 2024, showcasing a substantial compound annual growth rate (CAGR) of 12.2%. This growth in the historic period is driven by the increasing demand for plant-based proteins, the functional properties in food processing, the need for gluten-free and allergen-free alternatives, diverse applications in food products, and the global expansion of soy production. Looking ahead, the market is poised for rapid growth, reaching $28.66 billion in 2028, with a slightly higher CAGR of 12.4%. The forecast period will witness expansion in the meat alternatives market, the integration of functional and nutritional benefits, extensive research and development, the impact of global population growth, and a shift towards sustainable and environmentally friendly practices. Major trends in this period include innovations in food processing, the promotion of clean label and natural ingredients, diversification of soy flour products, fortification of foods, and the incorporation of gluten-free functional properties in food.