According to the current analysis of Reports and Data, the global Food and Farming Technology and Products 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.
Rise in competition in the global market has led to increasing innovation and technological advancement in the sector to meet the rising demand of environmentally conscious consumers. The report analyses the manufacturing and consumption of products to give an accurate forecast estimation of the global market. It also offers a panoramic overview of the market to help stakeholders, vendors, investors, and clients make informed decisions.
The report has been formulated through extensive research and provides insights into the paradigm shifts observed in the market to assist readers maximize on their investments and capitalize on the recent development and competitive landscape of the global market. The report is an exhaustive assessment of the crucial aspects of the market including key geographical regions, technology, product types, application spectrum, key companies operating in the market, and overall industry overview.
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The competitive landscape and company profiles offered in the report examine the key players in the Food and Farming Technology and Products market. The competitive analysis scrutinizes strategic initiatives adopted by key players and evaluates recent developments and market standing of the companies. The company profiles include data of established players and new entrants and are examined by using analytical tools like SWOT Analysis.
Key Players:
Key participants include global 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)
Further key findings from the report suggest:
- The Food and Farming Technology and Products 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.
- 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.
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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
Regional Outlook (Revenue in USD Million; 2018–2028)
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East Africa
- Latin America
- Brazil
Identifying the basic business drivers, challenges, and tactics adopted:
- The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Food and Farming Technology and Products market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
- An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
- Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
- The research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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