The market for food and agricultural technologies and products will reach USD 1,318.9 billion by 2030; with a CAGR of 9.2%

The food and agricultural technologies and products market will exceed USD 1,318.9 billion by 2031, from USD 548 billion in 2021 at a CAGR of 9.2% in the coming years, 2021-31.

PHILADELPHIA, UNITED STATES, March 9, 2022 /EINPresswire.com/ — Fatpos Global released a report titled “Food and Agriculture Technology and Products – Market Size, Share and Trends Analysis 2014-2021 and Forecast to 2031”, which is expected to reach USD 1,318.9 billion by 2031. According to a study by Fatpos Global, the market is expected to grow at a CAGR of 9.2% between 2021 and 2031. According to the report, the Expanding population along with growing awareness of organic food products is increasing the requirement for agricultural production which in turn is expected to increase the demand for food and agricultural technology over the next few years. Furthermore, an increasing number of initiatives implemented by governments of both developed and developing countries to encourage the use of modern technology are expected to accelerate the growth of the industry during the forecast period.

“A major driver of the market is the growing demand for agricultural production owing to the increase in population which is expected to support the growth of the food and agricultural technologies and products market during the forecast period. , modern agricultural technologies are being utilized by larger-scale farms, driving the growth of the food and agricultural technologies and products market.The major factors contributing to the growth of the food and agricultural technologies and products market are the increasing consumer capacity, increased consumer awareness of food safety, initiatives implemented by governments,” said a senior analyst at Fatpos Global.

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Global Food and Agriculture Technology and Products: Key Players
• Daikin
• United technologies
• ADM
• Evonik
• Deere and company
• Zoetis
• Pentair
• Intertek
• Serve assets
• SGS S.A.
• Neogene

Food and agricultural technologies are used to develop food products and agricultural machinery. Different technologies such as humidity and temperature sensors, robots, aerial photography, GPS technology are used in agricultural and food production. Efficient, safe and environmentally friendly activities are developed using various modern technologies and robotic systems.

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In the new report, Fatpos Global strives to present an unbiased analysis of global food and agricultural technology and commodities that covers historical demand data as well as forecast figures for the period i.e. 2021 -2031. The study includes compelling information about the growth seen in the market. Global food and agriculture technology and products are categorized on the basis of industry into animals, agriculture, cold chain, food and beverages, and cannabis. Based on the application, technology and global food and agricultural products are fragmented into communication, navigation, monitoring, automation. Based on technology, the global food and agricultural technology and products are fragmented into cold chain technology, food and beverage GPS technology, satellite imaging technology, others. Geographically, the market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.

Market regions
• North America: (United States and Canada)
• Latin America: (Brazil, Mexico, Argentina, rest of Latin America)
• Europe: (Germany, United Kingdom, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
• Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, rest of Asia-Pacific)
• Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

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Technology and food and agricultural sectors:

By industry
• Pet
• Agriculture
• The cold chain
• Food and drinks
• Cannabis
By technology
• Cold chain technology
• GPS technology for food and beverages
• Satellite imagery technology
• Others

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