Food and Agriculture Products and Technology Market Growth Strategies, Regional Forecast 2028

According to the current analysis of Reports and Data, the global Food and Agriculture Products and Technology market was valued at USD 556.3 Million in 2020 and expected to reach USD 886.0 Million by the year 2028, at a CAGR of 6.07 percent. Food and agriculture technology and products used for making products and also in the production of machines used in farming. The food and agriculture technology and commodities provide a rise in crop production, efficient resources use and safeguard of crops from harsh climatic conditions. The factors which contribute towards the growth of its market include the Increase in Demand and Consumption of Livestock-Based Products and Seafood, the Rise in Consumer Awareness About Food Safety, Increasing demand for Convenience, packaged, and Processed items, Increase in the Legalization of Cannabis. Due to the increasing consciousness about the role and growth of food nutrients, especially protein, on the overall physical and mental growth. There is a growing trend showed among customers to spend on the animal-sourced protein in the form of either egg, meat, or milk. The change in demographics and rising consumer awareness has encouraged manufacturers to prioritize food safety. Due to hectic lifestyles, consumer preferences have changed from the conventional purchase of raw stuff to convenience and packaged items such as ready-to-eat (RTE) and frozen meals. The consumer demand for imported seasonal foodstuffs and RTE stuffs has risen, which in turn, is drives the industry. The industry is also using more advanced technologies and processes to maintain the quality of stuff. With the growing demand for home meal replacements and convenience items, food processing machinery manufacturers are focussing on creating innovative products and equipment and makes new product categories for efficient safety testing methods.

Top Companies Operating in the Global Food and Agriculture Products and Technology Market Report:

food agriculture technology, and products industry are ADM (US), Evonik (Germany), Genus (UK), Neogen (US), AKVA Group (Norway), Eurofins (Luxembourg), Canopy Growth Corporation (Canada), DSM (Netherlands), United Technologies (US), Signify Holdings (Netherlands), SGS SA (Switzerland), Zoetis (UK), GEA (Germany), Deere Company (US), Daikin (Japan), Pentair (UK), Intertek (UK), Americold Logistics (US), Groupe Grimaud (France), and MosaMeat (Netherlands).

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Further key findings from the report suggest

The Food and Agriculture Products and Technology industry is growing at a CAGR of 9.2 % in the Asia Pacific, followed by North America and Europe. The increase in farming practice owing to the spiraling population has resulted in the region to be the fastest and most significant share in the industry.
Based on the industry in the market, the agriculture industry projected to be the second-fastest growing segment during the forecast period. This is due to the wide availability and usage of this equipment in almost every type of crop farming.
Factors such as rising demand for food due to the increasing population and limited natural resources (water land) have resulted in the advancement of agriculture products and technology. Additionally, the growing consumer demand for pesticide- and herbicide-free items and the ever-increasing requirement to reduce the carbon footprint of traditional agricultural practices projected to drive the agriculture segment.
The need for safety and processing equipment has improved in the global industry due to the execution of food safety regulations, globalization of trade, and advancements in technology.
The Cold chain segment holds a significant share in the market due to the growing demand for storage of harvest and its transportation. Various economies across the globe are investing lump sum amount of money for cold chain industries forecasting the need for this industry in upcoming years and expected to bolster the industry in forthcoming years.

For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.

An analysis of the Food and Agriculture Products and Technology market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Food and Agriculture Products and Technology market, a country-by-country analysis of the market is provided in the report.

The global Food and Agriculture Products and Technology market is segmented into:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Industry Type (Revenue, USD Million; 2018–2028)

Animal
Animal Genetics
Animal Health
Aquaculture Products
Agriculture
Indoor Farming Technology
Smart Agriculture Technology

Farm Management Software

Precision Farming
Livestock Monitoring
Smart Greenhouse
Fish Monitoring
Others

Pre-Harvest Equipment

Primary Tillage Equipment
Secondary Tillage Equipment
Planting Equipment
Irrigation Equipment
Plant Protection Equipment
Other Equipment

Grow Lights
Autonomous Tractors

Cold Chain

Refrigerated Storage
Refrigerated Transport

Food Beverages

Algae Products
Food Safety Technology
Traceability Technology
Food Beverage Processing Equipment
Plant-Based Protein Products
Cultured Meat Products

Others

Key Questions Addressed in the Report:

What are the dominating factors that are influencing the growth of the industry?
In the forecast period, which market segment is expected to rise the most?
What are the risks and challenges that the industry is facing?
In the coming years, which area is projected to dominate the market?
Who are the major players in the market? What kind of strategic business plans have they made?

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