Over the past few decades, the global food and agriculture industry has been facing challenges in enhancing the food production in accordance with the growing population and changing consumer preferences. This is primarily due to the pragmatic decrease in the arable land and climate change affecting crop yields.
The demand for safe and healthy food, climates changes, need to reduce the use of chemical products and eliminate plastic waste, and industry competitiveness is driving investments in innovative manufacturing and processing technologies by food and beverage (F&B) companies to adapt to the changing market situations. On the other end, advancements in agricultural practices have led to increasing usage of sophisticated technologies such as robots, temperature and moisture sensors, aerial imagery, and GPS technology. With this, the technology providers are increasingly coming up with innovative solutions for food and agriculture sectors to meet industry needs.
We at Meticulous Research® are continuously tracking the ecosystem of innovations in the food and agriculture industry to identify high growth areas for players operating in this market and enabling them to capitalize on peripheral technologies to ensure sustainable revenue growth over the coming years.
Increasing focus on sustainable food production, processing, and manufacturing alternatives
Concerns with rising incidence of zoonotic and food-borne diseases
Continuous need to address rising demand for animal-derived food products
Consumer preferences for organic and healthy food alternatives
Growing demand for alternative proteins
Need for enhancing efficiency of agricultural operations
Technological advancements and advent of information systems
The Food Processing Equipment Market is projected to reach $98.57 billion by 2030, at a CAGR of 5.8% during the forecast period of 2023 to 2030. The growth of the food processing equipment market is driven by increasing demand for processed foods, a growing focus ...
The North America Crop Protection Chemicals Market is expected to reach $14.08 billion by 2030, at a CAGR of 4% from 2023 to 2030, while in terms of volume, the market is expected to reach 1,299,600.5 tons by 2030, at a CAGR of 3% from 2023 to 2030. The growth ...
The Farm Management Software Market to reach $10.5 billion by 2030, at a CAGR of 25.4% from 2023 to 2030. The growth of this market is attributed to the increasing adoption of connectivity in agriculture, increasing adoption of farm management for improving yields, ...
The Alternative Protein Market is projected to reach $40.7 billion by 2030, at a CAGR of 13% during the forecast period of 2023 to 2030. The growth of the alternative protein market is mainly driven by rapid urbanization and growing consumer aspirations, increasing ...
The Middle East & Africa Edible Insects Market is expected to reach $282.9 million by 2030, at a CAGR of 22.4% from 2023 to 2030. The growth of this market is attributed to several factors, including the high nutritional value of insects, the increasing greenhouse ...
The Nutricosmetics Market is expected to reach $12.20 billion by 2030, at a CAGR of 7.9% during the forecast period of 2023 to 2030. The growth of this market is driven by the growing awareness about nutritional deficiencies, the increasing preference of consumers ...
The Plant-based Milk Market is projected to reach $47.55 billion by 2030, at a CAGR of 11.7% during the forecast period of 2023 to 2030. The growth of the plant-based milk market is driven by the high prevalence of lactose intolerance & allergies to cow milk, ...
The Europe Crop Protection Chemicals Market is expected to reach $15.53 billion by 2030, at a CAGR of 4.9% from 2023 to 2030. While in terms of volume, the market is expected to reach 1,407,501.1 tons by 2030, at a CAGR of 3.5% from 2023 to 2030. The increasing ...
The Agrochemicals Market is expected to reach $338.49 billion by 2030, at a CAGR of 4% during the forecast period of 2023 to 2030. The rising demand for low-cost crop protection solutions, the growing need to increase crop yield and quality, growth in organic farming ...
The South East Asia Agriculture Irrigation Equipment Market is projected to reach $91.2 million by 2030, at a CAGR of 8.2% during the forecast period of 2023 to 2030. The growth of this market is driven by the increasing water scarcity in the region, the rising ...
The South East Asia Agriculture Equipment Market is projected to reach $2.50 billion by 2030, at a CAGR of 4.1% during the forecast period of 2023 to 2030. The growth of this market is driven by the growing demand for mechanization of agricultural operations, rising ...
The Latin America Crop Protection Chemicals Market is expected to reach $26.04 billion by 2030, at a CAGR of 2.6% from 2023 to 2030. In terms of volume, the market is expected to reach 3,681,637.4 tons by 2030, at a CAGR of 2.2% from 2023 to 2030. The growing need ...
The Plant Growth Regulators Market is expected to reach $4.89 billion by 2030, at a CAGR of 8.9% during the forecast period of 2023 to 2030. The growth of this market can be attributed to several factors, including the increasing need for sustainable agricultural ...
The Nut Ingredients Market is slated to register a CAGR of 6.1% from 2023 to 2030 to reach $10.2 billion by 2030. Nut ingredients refer to various edible parts of nuts that are used in commercial food and beverage processing. Nuts are nutrient-dense foods that ...
The RTD Beverages Market is slated to register a CAGR of 6.7% from 2023 to 2030 to reach $1,475.8 billion by 2030. Ready-to-drink (often known as RTD) packaged beverages are those sold in a prepared form, ready for consumption. The RTD beverages market has seen ...
The Taste Modulators Market is expected to reach $2.79 billion by 2030, at a CAGR of 8.5% during the forecast period of 2023 to 2030. The growth of this market is driven by the rising consumer awareness regarding health and wellbeing, growing consumer demand for ...
The South East Asia Collagen Market is expected to reach $194.3 million by 2030, at a CAGR of 7% during the forecast period of 2023 to 2030. The growing use of collagen in food industries, rising protein and nutricosmetics consumption, growing application in healthcare, ...
The Organic Food Market is slated to register a CAGR of 9.5% from 2023 to 2030 to reach $289.4 billion by 2030. The popularity of no chemically grown food products is rising due to changing lifestyles and the growing number of health-conscious consumers, positively ...
The South East Asia Spirulina Market is slated to register a CAGR of 7.2% from 2023 to 2030 to reach $21.9 Million by 2030. The popularity of natural ingredients is rising due to changing lifestyles and the growing number of health-conscious consumers, positively ...
The Specialty Fertilizer Market is projected to reach $42.57 billion by 2030, at a CAGR of 8.9% during the forecast period of 2023 to 2030. The growth of the specialty fertilizers market is driven by the declining availability of arable land and the rising demand ...
The Asia-Pacific Plant-Based Protein Market is expected to reach $7.27 billion by 2030, at a CAGR of 12% during the forecast period of 2023 to 2030. The growth of this market is attributed to the growing demand for a protein-rich diet, rising consumer awareness ...
The South East Asia Biofertilizer Market is projected to reach $78.1 million by 2030, at a CAGR of 10.3% during the forecast period of 2023 to 2030. The growth of this market is driven by the rising demand for organic food, the rising inclination towards sustainable ...
The Animal Feed Market is projected to reach $961.2 billion by 2030, at a CAGR of 4.6% during the forecast period of 2023 to 2030. The growth of this market is driven by the increasing commercialization of the livestock sector, the rising demand for animal-based ...
The Specialty Food Ingredients Market is projected to reach $250.44 billion by 2030, at a CAGR of 5.6% during the forecast period of 2023–2030. In terms of volume, the specialty food ingredients market is projected to reach 79,704.9 KT by 2030, at a CAGR of 4.5% ...
The Crop Monitoring Market is projected to reach $8.9 billion by 2030, at a CAGR of 19.3% from 2023 to 2030. The growth of the global crop monitoring market is driven by growing demand for remote sensing technologies for precision farming and increasing government ...
