Food and Agriculture technology Market size was valued at US$ 3.45 Bn in 2023. The Global Food and Agriculture technology Market is estimated to grow at a CAGR of 7.3 % over the forecast period.
Food and agricultural technologies and goods are utilised in the production of agricultural machinery and the production of food. Crops are protected by food and agriculture technologies and goods from higher productivity, effective resource usage, and harsh weather conditions. Humidity and temperature sensors, robots, aerial imagery, GPS technology, and other technologies are employed in the food and agriculture technology market. Robotic systems are cutting-edge devices that help businesses run more efficiently, sustainably, and profitably.
Food and Agriculture technology Market Report Scope and Research Methodology
The rise in the food and agriculture technology market revenue Technology and Goods will be fueled by rising demand and consumption of livestock-based products and seafood, as well as greater use of advanced genetic technologies and higher consumer awareness about food safety. Since the 1960s, global livestock output has expanded dramatically. Beef output has more than doubled, while chicken meat production has climbed by roughly a factor of ten, with the help of improvements in both the number of animals and productivity.
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Food and Agriculture technology Market Regional Insights
The Asia Pacific region dominated the market with a 42.2% share in 2023. The food and agriculture technologies and products market was dominated by the Asia Pacific region. The growing demand for processed foods, as well as the rapid development of the middle-class population, are responsible for the region’s substantial market share. Furthermore, the region has a greater rate of seafood and processed meat consumption, as well as higher consumption of proteins such soy protein and its isolates in foods like functional dairy beverages, baked goods, snacks, and meat alternatives.
Food and Agriculture technology Market Segmentation
By Industry, the market is segmented as Animal, Agriculture, Cold Chain, Food & Beverage and Cannabis. The Cold Chain segment dominated the market with a 42.2% share in 2023. In 2018, the cold chain section of the food & agriculture technologies and products market accounted for a large share of the market. By limiting the growth of germs and reducing the deterioration of perishable foods by refrigeration or freezing, cold chain technology extends the shelf life of perishable foods. The growth of the cold chain industry is being driven by more corporate networking between nations, rising consumer demand for perishable items through online purchasing, and better flexibility for delivering perishable commodities at the proper moment in developed economies is driving the growth of this segment in food and agriculture technology market.
Food and Agriculture technology Market Key Players
Evonik (Germany)
DSM (Netherlands)
United Technologies (US)
Deere & Company (US)
Daikin (Japan)
Signify Holdings (Netherlands)
SGS SA (Switzerland)
Zoetis (UK)
GEA (Germany)
Pentair (UK)
Intertek (UK)
Genus (UK)
Neogen (US)
AKVA Group (Norway)
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Key questions answered in the Food and Agriculture technology Market are:
- What is Food and Agriculture technology ?
- What was the Food and Agriculture technology market size in 2023?
- What is the growth rate of the Food and Agriculture technology Market?
- Which are the factors expected to drive the Food and Agriculture technology market growth?
- What are the different segments of the Food and Agriculture technology Market?
- What growth strategies are the players considering to increase their presence in Food and Agriculture technology ?
- What are the upcoming industry applications and trends for the Food and Agriculture technology Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Food and Agriculture technology Market?
- What segments are covered in the Food and Agriculture technology Market?
- Who are the leading companies and what are their portfolios in Food and Agriculture technology Market?
- What segments are covered in the Food and Agriculture technology Market?
- Who are the key players in the Food and Agriculture technology market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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