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 Plant Breeding Market is expected to reach $33.79 billion by 2029, at a CAGR of 14.1% during the forecast period of 2022 to 2029. The growth of this market is expected to be driven by factors such as increasing awareness about the importance of sustainable ...
The Autonomous Tractors Market is expected to reach $5.38 billion by 2029, at a CAGR of 22.4% during the forecast period of 2022–2029. The growth of this market is driven by the rising adoption of modern agricultural techniques, the increasing government initiatives ...
The Enzymes Market is projected to reach $18.38 billion by 2029, at a CAGR of 6.2% during the forecast period 2022-2029. The growth of this market is mainly driven by advancements in enzyme engineering & green chemistry, the introduction of genetically-engineered ...
The Healthy Snacks Market is projected to reach $152.08 billion by 2029, at a CAGR of 6.5% during the forecast period of 2022 to 2029. The growing health consciousness among consumers, the rising demand for functional/healthy foods, and the increasing popularity ...
The Animal Feed Market is projected to reach $631.6 billion by 2029, at a CAGR of 4.9% from 2022 to 2029. Animal feed is a commercial feed compound given as food to domestic animals, especially livestock, during animal husbandry. The popularity of animal feed ...
The Savory Snacks Market is expected to reach $347.2 billion by 2029, at a CAGR of 7.3% during the forecast period of 2022 to 2029. The growing consumer demand for healthy snacking, the rising popularity of convenience foods & on-the-go snacks, changing lifestyles ...
The Functional Beverages Market is expected to register the highest CAGR of 6.7% from 2022–2029 to reach $179.8 billion by 2029. Functional beverages refer to non-alcoholic drinks containing non-traditional ingredients such as vitamins, minerals, dietary fibers, ...
The Bakery Premixes Market is projected to reach $547.8 million by 2029, at a CAGR of 6.7% from 2022 to 2029. The growing consumer demand for bakery products, the convenience of using multiple ingredients in a single product, increasing demand for fortified food ...
The Soy Protein Market is projected to reach $14.1 billion by 2029, at a CAGR of 9.9% from 2022 to 2029, while in terms of volume, the market is projected to reach 7,698.9 thousand tons by 2029, at a CAGR of 7.3% from 2020 to 2029. The increasing awareness about ...
The Lab-grown Meat Market is projected to reach $1.99 billion by 2035, at a CAGR of 21.4% during the forecast period of 2025–2035. Factors such as technological advancements in the production of lab-grown meat, increasing venture investments in the lab-grown ...
The Irrigation Equipment Market is slated to register a CAGR of 9.7% from 2022–2029 to reach $10.01 Billion by 2029. The popularity of irrigation equipment is rising due to its capacity to conserve water efficiently and maximize production yield. The increased ...
The Postbiotics Market is projected to reach $40.2 million by 2029, at a CAGR of 8.6% during the forecast period 2022–2029. The growth of this market is mainly driven by the growing awareness regarding the benefits of postbiotic supplements, the rising demand ...
The Potato Starch Market is projected to reach $5.6 billion by 2029, at a CAGR of 3.9% from 2022 to 2029, while in terms of volume, the market is projected to reach 5,623.5 thousand tons by 2029, at a CAGR of 3.6% from 2022 to 2029. Potato starch is extracted ...
The Agriculture Equipment Market is expected to reach $242.9 Billion by 2029, at a CAGR of 5.6% from 2022 to 2029. The demand for modern agricultural equipment is increasing significantly with the increasing adoption of advanced cultivation techniques. Modern ...
The Prebiotics Market is projected to reach $13.84 billion by 2029, at a CAGR of 8.6% during the forecast period 2022–2029. The growth of this market is mainly driven by the rising concerns of health issues, increasing demand for supplements, and rising investments ...
The Vitamin & Mineral Premixes Market is projected to reach $12.13 billion by 2029, at a CAGR of 4.8% during the forecast period 2022–2029. The growth of this market is mainly driven by the growing health and wellness trend; rising demand for compound animal ...
The Specialty Food Ingredients Market is expected to reach $240.37 billion by 2029, at a CAGR of 5.3% during the forecast period 2022–2029. The increasing use of specialty food ingredients across various food & beverage applications, the growing number of health-conscious ...
The Sugar Substitutes Market is expected to grow at a CAGR of 4.9% from 2021 to 2028 to reach $24.1 billion by 2028. Sugar substitutes, even in small quantities, can create a desired sweet taste. They contain less food energy than sugar-based sweeteners, making ...
The Sugar-free Products Market is Expected to reach $65.31 Billion by 2029 at a CAGR of 6.2% from 2022 to 2029. Sugar-free products are low-calorie products comprising zero sugar. They are sweetened with sugar substitutes and offer a taste similar to sugar. These ...
The Industrial Batch Mixers Market for Food Industry is expected to reach $974.1 million by 2029, at a CAGR of 5.9% during the forecast period. The growth of the Industrial Batch Mixers Market for the Food Industry is driven by factors such as the increasing demand ...
The Artificial Casings Market is expected to reach $5.14 billion by 2029, at a CAGR of 6.6% from 2022 to 2029. In terms of volume, the artificial casings market is expected to reach 51.93 billion meters by 2029, at a CAGR of 3.8% from 2022 to 2029. Factors such ...
The Gluten-free Products Market is expected to reach a value of $10.96 billion by 2029 growing at a CAGR of 8.3% during the forecast period 2022–2029. Rising incidences of celiac disease and other food allergies, health benefits associated with gluten-free products, ...
The Agricultural Biologicals Market is expected to reach $20.81 billion by 2029, at a CAGR of 12.2% during the forecast period 2022–2029. The growth of this market is mainly driven by the growing organic farming & demand for organic food, growing awareness about ...
The Europe Plant-based Food Market is expected to grow at a CAGR of 10.1% from 2022–2029 to reach $16.7 billion by 2029. This market is driven by the growing vegetarianism, declining meat consumption, increasing preference for plant food, and increasing venture ...
