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