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Food & Agriculture Technology And Products Market - Forecast(2023 - 2028)
Food & Agriculture Technology And Products Market Overview
Food & Agriculture Technology and Products market size is forecast to reach $816.7 billion by 2026, growing at a CAGR of 8.9% during the forecast period 2021-2026. Food and agricultural technologies are used in the development of farm machinery and food products. Moisture and temperature sensors, robots, aerial photography, GPS technology, and other technologies are used in agricultural and food production. Robotic systems and modern technologies provide an efficient, environmentally friendly, safe, and profitable business. Harvest automation, autonomous tractors, planting and weeding, refrigerated storage and drones are some of the primary technologies often used by farms. For the manufacture of plant-based protein and cultured meat products, the food industry employs a variety of technologies. The primary drivers driving the market's growth include increased need for agricultural production as a result of expanding population, as well as rising desire for organic food items. Increasing government support to adopt modern technology is set to further enhance the overall market development of the Food & Agriculture Technology And Products Market for the period 2021-2026.
Report Coverage
The report: “Food & Agriculture Technology And Products Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Food & Agriculture Technology And Products Market.
By Industry: Agriculture Industry, Animal Industry, Food & Beverages Industry, Others
By Technology: Cold Chain Technology, GPS Technology, Satellite Imaging Technology, Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)
Key Takeaways
- Asia-Pacific dominated the Food & Agriculture Technology And Products Market in 2020 owing to rising disposable income of the people coupled with growing demand for processed food products. The Food & Agriculture Technology And Products Market scope for different regions will be provided in the final report.
- The factors increasing the growth of the Food & Agriculture Technology And Products Market are expanding the adoption of modern agriculture technology.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Food & Agriculture Technology And Products Market report.
- High capital investment and fragmented agriculture industry is hampering the Food & Agriculture Technology And Products Market.
Food & Agriculture Technology And Products Market Revenue Share, By Geography, 2020(%)
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Food & Agriculture Technology And Products Market Segment Analysis – By Industry
Agriculture Industry held the largest share in the Food & Agriculture Technology And Products Market in 2020 and is estimated to grow at a CAGR 9.5% during the forecast period 2021-2026. Increasing demand for agricultural products and equipment as a result of this equipment is being widely available and used in almost every type of crop cultivation. Factors like growing food consumption as a result of population expansion and limited natural resources (water and land) have fueled the advancement of agricultural commodities and technology. Furthermore, rising consumer demand for pesticide- and herbicide-free food, as well as the growing need to reduce the carbon footprint of traditional agricultural operations, are likely to drive the agricultural sector. Agricultural Industry is estimated to register the higher CAGR over the period 2021-2026.
Food & Agriculture Technology And Products Market Segment Analysis – By Technology
Cold chain technology held the largest share in the Food & Agriculture Technology And Products Market in 2020 and is estimated to grow at a CAGR of 9.2% during the forecast period 2021-2026. Cold chain technology inhibits the growth of germs and reduces the deterioration of perishable commodities by refrigeration or freezing, hence increasing shelf life. Improved business networking interconnections across nations, rising consumer demand for perishable items through online purchasing, and increased flexibility in delivering perishable commodities at the right time are driving up demand for cold chain technologies in developed economies. Cold chain technology are estimated to register the higher CAGR over the period 2021-2026.
Food & Agriculture Technology And Products Market Segment Analysis – By Geography
Asia-Pacific dominated the Food & Agriculture Technology And Products Market with a major share of 39.4% in 2020. This is attributed to the growing disposable income of the people and in this region, there is greater use of numerous technologies. Furthermore, with increasing urbanization and a hectic lifestyle, people choose convenience food items, which is driving the expansion of the market in this area. However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 The growing use of protein food items such as plant-based protein, cultured meat, and other goods in this region contributes to the region's growth. The growing demand for packaged and processed foods is driving the growth in this region.
Food & Agriculture Technology And Products Market Drivers
Increasing Demand for Agricultural Production
Increasing demand for agricultural production owing to rising global population is increasing the growth of the Food & Agriculture Technology And Products Market. According to Food And Agriculture Organization (FAO), The world's population is expected to grow by more than 35% by 2050. To feed that population, agricultural output demand must be doubled. Furthermore, the global usage of modern agricultural technologies is increasing. Thus, increasing the growth of the Food & Agriculture Technology And Products Market during the forecast period 2021-2026.
Growing Technological Advancement
Increasing advancement in technology that leads to rise in adoption of smart agriculture practice across the globe is increasing the growth of the Food & Agriculture Technology And Products Market. Smart farming techniques are utilized for end-to-end farm management, greenhouse automation, livestock monitoring, and meteorological information. To satisfy the growing population need, IoT is bringing cloud computing platforms and big data analytics solutions to increase agricultural performance and production. Thus, increasing the growth of the Food & Agriculture Technology And Products Market during the forecast period 2021-2026.
Food & Agriculture Technology And Products Market Challenges
High Capital Investment
Some of the factors that are set to impede the growth of the Food & Agriculture Technology And Products Market are high capital investment and maintenance cost of technologies and fragmented agriculture industry. Inadequate regulatory frameworks and supporting infrastructure in emerging nations are also expected to hamper the market growth.
Food & Agriculture Technology And Products Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Food & Agriculture Technology And Products Market. In 2020, the Food & Agriculture Technology And Products Market share is consolidated by the top ten players present in the market. The Food & Agriculture Technology And Products Market, top 10 companies are AmeriCold Logistics LLC., MosaMeat, Groupe Grimaud, Eurofins, AKVA Group, Intertek, GEA, Zoetis, SGS SA and Deere & Company.
Relevant Titles:
Report Code: FBR 0001
1. Food & Agriculture Technology And Products Market - Overview
1.1 Definitions and Scope
2. Food & Agriculture Technology And Products Market - Executive Summary
2.1 Market Revenue and Key Trends
2.2 Key trends by Industry
2.3 Key trends by Technology
2.4 Key trends by Geography
3. Food & Agriculture Technology And Products Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis –
3.5 Pricing Analysis
4. Food & Agriculture Technology And Products Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Food & Agriculture Technology And Products Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Food & Agriculture Technology And Products Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Food & Agriculture Technology And Products Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Food & Agriculture Technology And Products Market - By Industry(Market Size –$Million/$Billion)
8.1 Agriculture Industry
8.2 Animal Industry
8.3 Food & Beverages Industry
8.4 Others
9. Food & Agriculture Technology And Products Market - By Technology (Market Size –$Million/$Billion)
9.1 Bakery Cold Chain Technology
9.2 Food & Beverages GPS Technology
9.3 Feed Satellite Imaging Technology
9.4 Others
10. Food & Agriculture Technology And Products Market - By Geography(Market Size –$Million/$Billion
10.1 North America
10.1.1 U.S.
10.1.2 Mexico
10.1.3 Canada
10.2 Europe
10.2.1 U.K.
10.2.2 France
10.2.3 Germany
10.2.4 Italy
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Asia Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Australia & New Zealand
10.3.6 Rest of APAC
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Others
10.5 Rest of the World
10.5.1 Middle East
10.5.2 Africa
11. Food & Agriculture Technology And Products Market - Entropy
12. Food & Agriculture Technology And Products Market – Industry/Segment Competition Landscape Premium
12.1 Market Share Analysis
12.1.1 Global Market Share – Key Companies
12.1.2 Market Share by Region – Key companies
12.1.3 Market Share by Countries – Key Companies
12.1.4 Competition Matrix
12.1.5 Best Practices for Companies
13. Food & Agriculture Technology And Products Market – Key Company List by Country Premium Premium
14. Food & Agriculture Technology And Products Market Company Analysis
14.1 Company 1
14.2 Company 2
14.3 Company 3
14.4 Company 4
14.5 Company 5
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Food & Agriculture Technology and Products Market, By Industry Market 2019-2024 ($M)1.1 Animal Market 2019-2024 ($M) - Global Industry Research
1.1.1 Animal Genetics Market 2019-2024 ($M)
1.1.2 Animal Health Market 2019-2024 ($M)
1.1.3 Aquaculture Products Market 2019-2024 ($M)
1.2 Agriculture Market 2019-2024 ($M) - Global Industry Research
1.2.1 Indoor Farming Technology Market 2019-2024 ($M)
1.2.2 Smart Agriculture Technology Market 2019-2024 ($M)
1.2.3 Pre-Harvest Equipment Market 2019-2024 ($M)
1.2.4 Grow Lights Market 2019-2024 ($M)
1.2.5 Autonomous Tractors Market 2019-2024 ($M)
1.3 Cold Chain Market 2019-2024 ($M) - Global Industry Research
1.3.1 Refrigerated Storage Market 2019-2024 ($M)
1.3.2 Refrigerated Transport Market 2019-2024 ($M)
1.4 Food & Beverages Market 2019-2024 ($M) - Global Industry Research
1.4.1 Algae Products Market 2019-2024 ($M)
1.4.2 Food Safety Technology Market 2019-2024 ($M)
1.4.3 Traceability Technology Market 2019-2024 ($M)
1.4.4 Food & Beverage Processing Equipment Market 2019-2024 ($M)
1.4.5 Plant-Based Protein Products Market 2019-2024 ($M)
1.4.6 Cultured Meat Products Market 2019-2024 ($M)
2.Global Food & Agriculture Technology and Products Market, By Industry Market 2019-2024 (Volume/Units)
2.1 Animal Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Animal Genetics Market 2019-2024 (Volume/Units)
2.1.2 Animal Health Market 2019-2024 (Volume/Units)
2.1.3 Aquaculture Products Market 2019-2024 (Volume/Units)
2.2 Agriculture Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Indoor Farming Technology Market 2019-2024 (Volume/Units)
2.2.2 Smart Agriculture Technology Market 2019-2024 (Volume/Units)
2.2.3 Pre-Harvest Equipment Market 2019-2024 (Volume/Units)
2.2.4 Grow Lights Market 2019-2024 (Volume/Units)
2.2.5 Autonomous Tractors Market 2019-2024 (Volume/Units)
2.3 Cold Chain Market 2019-2024 (Volume/Units) - Global Industry Research
2.3.1 Refrigerated Storage Market 2019-2024 (Volume/Units)
2.3.2 Refrigerated Transport Market 2019-2024 (Volume/Units)
2.4 Food & Beverages Market 2019-2024 (Volume/Units) - Global Industry Research
2.4.1 Algae Products Market 2019-2024 (Volume/Units)
2.4.2 Food Safety Technology Market 2019-2024 (Volume/Units)
2.4.3 Traceability Technology Market 2019-2024 (Volume/Units)
2.4.4 Food & Beverage Processing Equipment Market 2019-2024 (Volume/Units)
2.4.5 Plant-Based Protein Products Market 2019-2024 (Volume/Units)
2.4.6 Cultured Meat Products Market 2019-2024 (Volume/Units)
3.North America Food & Agriculture Technology and Products Market, By Industry Market 2019-2024 ($M)
3.1 Animal Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Animal Genetics Market 2019-2024 ($M)
3.1.2 Animal Health Market 2019-2024 ($M)
3.1.3 Aquaculture Products Market 2019-2024 ($M)
3.2 Agriculture Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Indoor Farming Technology Market 2019-2024 ($M)
3.2.2 Smart Agriculture Technology Market 2019-2024 ($M)
3.2.3 Pre-Harvest Equipment Market 2019-2024 ($M)
3.2.4 Grow Lights Market 2019-2024 ($M)
3.2.5 Autonomous Tractors Market 2019-2024 ($M)
3.3 Cold Chain Market 2019-2024 ($M) - Regional Industry Research
3.3.1 Refrigerated Storage Market 2019-2024 ($M)
3.3.2 Refrigerated Transport Market 2019-2024 ($M)
3.4 Food & Beverages Market 2019-2024 ($M) - Regional Industry Research
3.4.1 Algae Products Market 2019-2024 ($M)
3.4.2 Food Safety Technology Market 2019-2024 ($M)
3.4.3 Traceability Technology Market 2019-2024 ($M)
3.4.4 Food & Beverage Processing Equipment Market 2019-2024 ($M)
3.4.5 Plant-Based Protein Products Market 2019-2024 ($M)
3.4.6 Cultured Meat Products Market 2019-2024 ($M)
4.South America Food & Agriculture Technology and Products Market, By Industry Market 2019-2024 ($M)
4.1 Animal Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Animal Genetics Market 2019-2024 ($M)
4.1.2 Animal Health Market 2019-2024 ($M)
4.1.3 Aquaculture Products Market 2019-2024 ($M)
4.2 Agriculture Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Indoor Farming Technology Market 2019-2024 ($M)
4.2.2 Smart Agriculture Technology Market 2019-2024 ($M)
4.2.3 Pre-Harvest Equipment Market 2019-2024 ($M)
4.2.4 Grow Lights Market 2019-2024 ($M)
4.2.5 Autonomous Tractors Market 2019-2024 ($M)
4.3 Cold Chain Market 2019-2024 ($M) - Regional Industry Research
4.3.1 Refrigerated Storage Market 2019-2024 ($M)
4.3.2 Refrigerated Transport Market 2019-2024 ($M)
4.4 Food & Beverages Market 2019-2024 ($M) - Regional Industry Research
4.4.1 Algae Products Market 2019-2024 ($M)
4.4.2 Food Safety Technology Market 2019-2024 ($M)
4.4.3 Traceability Technology Market 2019-2024 ($M)
4.4.4 Food & Beverage Processing Equipment Market 2019-2024 ($M)
4.4.5 Plant-Based Protein Products Market 2019-2024 ($M)
4.4.6 Cultured Meat Products Market 2019-2024 ($M)
5.Europe Food & Agriculture Technology and Products Market, By Industry Market 2019-2024 ($M)
5.1 Animal Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Animal Genetics Market 2019-2024 ($M)
5.1.2 Animal Health Market 2019-2024 ($M)
5.1.3 Aquaculture Products Market 2019-2024 ($M)
5.2 Agriculture Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Indoor Farming Technology Market 2019-2024 ($M)
5.2.2 Smart Agriculture Technology Market 2019-2024 ($M)
5.2.3 Pre-Harvest Equipment Market 2019-2024 ($M)
5.2.4 Grow Lights Market 2019-2024 ($M)
5.2.5 Autonomous Tractors Market 2019-2024 ($M)
5.3 Cold Chain Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Refrigerated Storage Market 2019-2024 ($M)
5.3.2 Refrigerated Transport Market 2019-2024 ($M)
5.4 Food & Beverages Market 2019-2024 ($M) - Regional Industry Research
5.4.1 Algae Products Market 2019-2024 ($M)
5.4.2 Food Safety Technology Market 2019-2024 ($M)
5.4.3 Traceability Technology Market 2019-2024 ($M)
5.4.4 Food & Beverage Processing Equipment Market 2019-2024 ($M)
5.4.5 Plant-Based Protein Products Market 2019-2024 ($M)
5.4.6 Cultured Meat Products Market 2019-2024 ($M)
6.APAC Food & Agriculture Technology and Products Market, By Industry Market 2019-2024 ($M)
6.1 Animal Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Animal Genetics Market 2019-2024 ($M)
6.1.2 Animal Health Market 2019-2024 ($M)
6.1.3 Aquaculture Products Market 2019-2024 ($M)
6.2 Agriculture Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Indoor Farming Technology Market 2019-2024 ($M)
6.2.2 Smart Agriculture Technology Market 2019-2024 ($M)
6.2.3 Pre-Harvest Equipment Market 2019-2024 ($M)
6.2.4 Grow Lights Market 2019-2024 ($M)
6.2.5 Autonomous Tractors Market 2019-2024 ($M)
6.3 Cold Chain Market 2019-2024 ($M) - Regional Industry Research
6.3.1 Refrigerated Storage Market 2019-2024 ($M)
6.3.2 Refrigerated Transport Market 2019-2024 ($M)
6.4 Food & Beverages Market 2019-2024 ($M) - Regional Industry Research
6.4.1 Algae Products Market 2019-2024 ($M)
6.4.2 Food Safety Technology Market 2019-2024 ($M)
6.4.3 Traceability Technology Market 2019-2024 ($M)
6.4.4 Food & Beverage Processing Equipment Market 2019-2024 ($M)
6.4.5 Plant-Based Protein Products Market 2019-2024 ($M)
6.4.6 Cultured Meat Products Market 2019-2024 ($M)
7.MENA Food & Agriculture Technology and Products Market, By Industry Market 2019-2024 ($M)
7.1 Animal Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Animal Genetics Market 2019-2024 ($M)
7.1.2 Animal Health Market 2019-2024 ($M)
7.1.3 Aquaculture Products Market 2019-2024 ($M)
7.2 Agriculture Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Indoor Farming Technology Market 2019-2024 ($M)
7.2.2 Smart Agriculture Technology Market 2019-2024 ($M)
7.2.3 Pre-Harvest Equipment Market 2019-2024 ($M)
7.2.4 Grow Lights Market 2019-2024 ($M)
7.2.5 Autonomous Tractors Market 2019-2024 ($M)
7.3 Cold Chain Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Refrigerated Storage Market 2019-2024 ($M)
7.3.2 Refrigerated Transport Market 2019-2024 ($M)
7.4 Food & Beverages Market 2019-2024 ($M) - Regional Industry Research
7.4.1 Algae Products Market 2019-2024 ($M)
7.4.2 Food Safety Technology Market 2019-2024 ($M)
7.4.3 Traceability Technology Market 2019-2024 ($M)
7.4.4 Food & Beverage Processing Equipment Market 2019-2024 ($M)
7.4.5 Plant-Based Protein Products Market 2019-2024 ($M)
7.4.6 Cultured Meat Products Market 2019-2024 ($M)
LIST OF FIGURES
1.US Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)2.Canada Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
3.Mexico Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
4.Brazil Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
5.Argentina Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
6.Peru Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
7.Colombia Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
8.Chile Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
9.Rest of South America Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
10.UK Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
11.Germany Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
12.France Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
13.Italy Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
14.Spain Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
15.Rest of Europe Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
16.China Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
17.India Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
18.Japan Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
19.South Korea Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
20.South Africa Food & Agriculture Technology And Products Market Revenue, 2019-2024 ($M)
21.North America Food & Agriculture Technology And Products By Application
22.South America Food & Agriculture Technology And Products By Application
23.Europe Food & Agriculture Technology And Products By Application
24.APAC Food & Agriculture Technology And Products By Application
25.MENA Food & Agriculture Technology And Products By Application
26.ADM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.United Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.John Deere, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Daikin Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Evonik, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.DSM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Signify Holding, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.SGS SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Zoetis, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Eurofins, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.GEA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Pentair, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Intertek, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Genus, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Neogen Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Akva Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Canopy Growth Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Americold Logistics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Groupe Grimaud, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Mosameat, Sales /Revenue, 2015-2018 ($Mn/$Bn)