Food & Agriculture Technology and Products Market is expected to record a CAGR of ~ 12.1% during the forecast period
Food & Agriculture Technology and Products Market Overview
Food and agricultural technologies square measure used in the development of farm machinery and food are. wet and temperature sensors, robots, aerial photography, GPS technology, and alternative technologies square measure employed in agricultural and food production. Robotic systems and fashionable technologies offer an economical, environmentally friendly, safe, and profitable business. Harvest automation, autonomous tractors, planting and weeding, cold storage and drones square measure a number of the first technologies usually employed by farms. For the manufacture of plant-based macromolecule and civilised meat merchandise, the food trade employs a spread of technologies. the first drivers driving the market’s growth embrace exaggerated would like for agricultural production as a results of increasing population, likewise as rising need for organic food things. Increasing government support to adopt fashionable technology is ready to any enhance the market development of the Food & Agriculture Technology And merchandise marketplace for the amount 2021-2026.
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| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Industry Vertical, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | ADM, Evonik, DSM, United Technologies, Deere & Company, Daiki ,Signify Holdings ,SGS SA ,Zoetis ,GEA , Pentair , Intertek ,Genus , Neogen, AKVA Group ,Eurofins, Canopy Growth Corporation , Americold Logistics , Groupe Grimaud ,MosaMeat . |
The covid-19 Impact on Food & Agriculture Technology and Products Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It’s calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Food & Agriculture Technology and Products Market Segment Overview
Based on industry, the market is divided into Animal, Agriculture, Cold Chain, Food and food, and Others. The agriculture industry is projected to be the second-fastest growing segment throughout the prediction period. this can be owing to the broad availability and application of this equipment in nearly every kind of crop farming. Factors like growing demand for food owing to the rising population and restricted natural resources have resulted within the advancement of agriculture merchandise and technology. to boot, the growing shopper demand for pesticide- and herbicide-free food and also the growing demand to decrease the carbon footprint of ancient agricultural practices are expected to drive the agriculture section.
Market Analysis, Insights and Forecast – By Industry
· Animal
· Agriculture
· Cold Chain
· Food and Beverage
· Others
Food & Agriculture Technology and Products Market Regional Overview
Region-wise, in terms of regions, The Asia Pacific market attributed to the most important share within the food & agriculture technology and product market. the large market share during this region is accounted for the growing demand for processed food product likewise because the rising of the middle-class population. what is more, a better consumption rate of food and processed meat within the region, and better consumption of proteins like soy protein and its isolates in food like practical farm beverages, food , snacks, and meat alternatives.
Food & Agriculture Technology and Products Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Food & Agriculture Technology and Products Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Food & Agriculture Technology and Products are highlighted below.
· In 2023, deere & Company partnered with Cultivating New Frontiers in Agriculture (CNFA), an international agricultural development organization to extend productivity and income for smallholder farmers by implementing mechanization within the agriculture business.
Food & Agriculture Technology and Products Market, Key Players
· ADM
· Evonik
· DSM
· United Technologies
· Deere & Company
· Daikin
· Signify Holdings
· SGS SA
· Zoetis
· GEA
· Pentair
· Intertek
· Genus
· Neogen
· AKVA Group
· Eurofins
· Canopy Growth Corporation
· Americold Logistics
· Groupe Grimaud
· MosaMeat
Key questions answered in this report
- What is the total CAGR expected to be recorded for the Food & Agriculture Technology and Products market during the forecast period?
- Which segment is projected to hold the largest share in the Food & Agriculture Technology and Products Market?
- What are the driving factors for the Food & Agriculture Technology and Products market?
- Which Segments are covered in the Food & Agriculture Technology and Products market report?
- Which are the prominent players offering Food & Agriculture Technology and Products Market ?
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