“Global Food & Agriculture Technology and Products Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global food & agriculture technology and products market report has been segmented on the basis of industry and region.
Global Food & Agriculture Technology and Products Market: Overview
Food & agriculture technologies are used for production of machines to be used in farming and to make food products. Various technologies such as moisture and temperature sensors, robots, aerial images, GPS technology, and others are used in agriculture and food industries. The robotic systems and advanced devices offer efficient, eco-friendly, safe, and profitable business.
Global Food & Agriculture Technology and Products Market: Dynamics
Increasing demand for processed food products and livestock-based products is a major factor expected to drive growth of the target market in years to come. In addition, increasing usage of various agriculture technologies for smart farming is another factor expected to support growth of the global food & agriculture technology and products market. Moreover, government initiatives and investments for adoption of modern agricultural techniques, growing population, increasing spending capacity, and increasing consumer awareness regarding food safety, are some of the other factors expected to drive growth of the food & agriculture technology and products market in the next coming years.
However, high capital investment and energy requirement are major factors which may restrain growth of the food & agriculture technology and products market. In addition, stringent regulations regarding use of cannabis and parasiticides in different countries is another factor expected to hamper growth of the target market to a certain extent.
Increasing R&D in agriculture industry and adoption of cloud-computing platforms and big data analytics for smart agriculture practices are factors expected to create lucrative opportunities for manufacturers operating in the target market.
Global Food & Agriculture Technology and Products Market: Segment Analysis
Among the industry segments, the agriculture segment is expected to register significant growth in terms of revenue in the target market. This is attributed to rising demand for organic food across the globe, growing population, and increasing disposable income.
Global Food & Agriculture Technology and Products Market: Region Analysis
The food & agriculture technology and products market in Asia Pacific is expected to register major revenue share contribution in the target market and projected to maintain its dominance in the years to come, owing to increasing demand of processed food and growing agricultural industry. The market in Asia Pacific is expected to grow at a rapid rate in the next 10 years. Additionally, growing population, high disposable income, and implementation of various technologies in food & agriculture industries are other factors expected to drive growth of the Asia Pacific market. The North America market is expected to register considerable growth in terms of revenue in the global food & agriculture technology and products market in the next coming years. This is due to increasing demand for packaged food products, growing demand for organic fruits and vegetables, increasing development techniques using cloud-computing platforms and big data analytics in agriculture.
Global Food & Agriculture Technology and Products Market Segmentation:
Segmentation on the Basis of Industry:
- Cold Chain
- Food & Beverage
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Archer-Daniels-Midland Company
- United Technologies Corporation
- John Deere Company
- Daikin Industries, Ltd.
- Evonik Industries AG
- Koninklijke DSM N.V.
- Signify Holding BV
- SGS SA
- Zoetis Inc.
- Eurofins Scientific SE
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