The global Food and Agriculture Technology and Products market is primed for substantial growth, with forecasts indicating a surge from $494 billion in 2022 to a remarkable $837.73 billion by 2029. This significant expansion is attributed to a range of factors, including economic conditions, the profound influence of the COVID-19 pandemic, and the geopolitical complexities arising from the Russia-Ukraine War. These factors have been meticulously assessed and integrated into the comprehensive research conducted on the Food and Agriculture Technology and Products market.
Market Drivers
The rising demand for agricultural production, driven by the need to feed a growing global population, is expected to fuel market growth. According to the Food and Agriculture Organization (FAO) of the United Nations, the world population is projected to increase by over 35% by 2050, necessitating a 70% increase in food production to accommodate an additional 2.3 billion people by 2050.
Key Companies
Key players in the Food and Agriculture Technology and Products industry include ADM, AKVA Group, Americold Logistics, Inc., DAIKIN INDUSTRIES, Ltd., Deere & Company, DSM, Eurofins Scientific, GEA Group, Genus, Intertek Group, Mosa Meat B.V., Neogen Corporation, Pentair, SGS, Signify Holding, and Zoetis. These companies play a crucial role in advancing agricultural technology and improving food production methods.
Segmentation
- Type: The market encompasses various types of technology and products, including Cold Chain, Satellite Imaging, GPS, and Others, all contributing to increased agricultural efficiency and sustainability.
- Application: These technologies and products are applied across various sectors, including the Animal Industry, Crop Farming Industry, Food & Beverages Industry, and Others, optimizing production and resource management.
Regional Impact
The global market for Food and Agriculture Technology and Products has a significant presence in regions such as North America (United States, Canada), Europe (Germany, France, U.K., Italy, Russia, Nordic Countries, Rest of Europe), Asia-Pacific (China, Japan, South Korea, Southeast Asia, India, Australia, Rest of Asia), Latin America (Mexico, Brazil, Rest of Latin America), and the Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA).
Report Scope and Insights
This comprehensive report, grounded in historical analysis (2018-2022) and forecast calculations (2023-2029), is designed to provide readers with a profound understanding of the global Food and Agriculture Technology and Products market from multiple perspectives. It offers valuable insights to support strategic decision-making.
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