Global Food And Agriculture Technology And Products Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 760.41 Million |
 Market Size (Forecast Year) |
USD 1,511.83 Million |
 CAGR |
% |
| Major Markets Players |
Global Food and Agriculture Technology and Products Market Segmentation, By Product (Cream and Ice), Industry (Animal, Agriculture, Cold Chain, Food & Beverages, and Others) – Industry Trends and Forecast to 2032
Food and Agriculture Technology and Products Market Analysis
The food and agriculture technology and products market is experiencing significant growth due to increasing global demand for sustainable farming practices, food security, and efficient agricultural solutions. Innovations in areas such as precision farming, smart irrigation systems, and automated machinery are transforming traditional agricultural methods, leading to higher crop yields and reduced resource consumption. This market is driven by the rising need to feed a growing global population while minimizing the environmental impact of farming. Recent developments include advancements in biotechnology, such as genetically modified crops, and the integration of artificial intelligence and machine learning for better decision-making in agriculture. In addition, the demand for plant-based food products and sustainable packaging solutions is gaining momentum, opening new opportunities in the sector. With continuous innovation and the increasing focus on sustainability, the food and agriculture technology and products market is set to expand, offering numerous opportunities for growth and investment.
Food and Agriculture Technology and Products Market Size
The global food and agriculture technology and products market size was valued at USD 760.41 million in 2024 and is projected to reach USD 1511.83 million by 2032, with a CAGR of 8.97% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Food and Agriculture Technology and Products Market Trends
“Rise of Vertical Farming”
The food and agriculture technology and products market is rapidly evolving, driven by the need for sustainable farming solutions and increased food production efficiency. Innovations in areas such as smart farming, precision agriculture, and AI-powered tools are revolutionizing crop management, enhancing productivity while minimizing environmental impact. One notable trend is the rise of vertical farming, which utilizes controlled environments to grow crops in stacked layers, optimizing space and reducing water usage. This trend is gaining traction, especially in urban areas with limited land for traditional farming. With continued technological advancements and a growing focus on sustainability, the market is set to expand, offering new opportunities in food production, distribution, and agricultural practices.
Report Scope and Food and Agriculture Technology and Products Market Segmentation
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Attributes |
Food and Agriculture Technology and Products Key Market Insights |
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Segments Covered |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Key Market Players |
ADM (U.S.), United Technologies Inc. (U.S.), Deere & Company (U.S.), Evonik Industries AG (Germany), dsm-firmenich (Netherlands), Signify Holding (Netherlands), SGS Société Générale de Surveillance SA (Switzerland), Zoetis Services LLC (U.S.), Eurofins Scientific (Luxembourg), GEA Group Aktiengesellschaft (Germany), Pentair (U.S.), Intertek Group plc (U.K.), Neogen Corporation (U.S.), AKVA group (Norway), Canopy Growth Corporation (Canada) |
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Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework |
Food and Agriculture Technology and Products Market Definition
Food and agriculture technology and products refer to the innovative tools, systems, and solutions that enhance the efficiency, sustainability, and productivity of the food and agriculture sectors. This includes technologies such as precision farming, smart irrigation systems, automation in crop management, biotechnology (genetically modified crops), and food processing innovations. It also encompasses products that improve food production, packaging, distribution, and storage, while addressing challenges such as food security, resource management, and environmental impact. These technologies aim to meet the growing global demand for food while promoting sustainable practices in farming and food production.
Food and Agriculture Technology and Products Market Dynamics
Drivers
- Rising Global Population
The growing global population is driving an increased demand for food, putting pressure on agricultural systems to produce more with limited resources. This surge in demand necessitates the adoption of more efficient agricultural practices and technologies to ensure food security. Innovations such as precision farming, smart irrigation systems, and biotechnology are crucial in improving crop yields, optimizing resource use, and minimizing waste. These advanced technologies allow farmers to meet the rising food demand while reducing environmental impact. As the global population continues to grow, the need for innovative agricultural solutions becomes a key driver for the food and agriculture technology and products market.
- Rising Demand for Healthy and Plant-Based Foods
The increasing consumer preference for healthier, plant-based food products is significantly driving innovations in food technology and product development. As more individuals seek alternatives to animal-based products for health, ethical, and environmental reasons, there is a growing demand for plant-based options that mimic the taste, texture, and nutritional benefits of traditional foods. This shift is encouraging food manufacturers to invest in research and development, leading to the creation of innovative products such as plant-based meat, dairy alternatives, and functional foods. As consumer demand for healthier and sustainable food choices continues to rise, it serves as a key driver for growth in the food and agriculture technology and products market.
Opportunities
- Plant-Based and Alternative Proteins
The growing consumer demand for plant-based foods and sustainable alternatives to animal protein is creating significant market opportunities in the food and agriculture sector. As more people adopt plant-based diets for health, environmental, and ethical reasons, there is a surge in the development of innovative food technologies. Lab-grown meat, plant-based dairy products, and protein alternatives are gaining popularity, offering new solutions to meet consumer needs. This shift is driving research and investment in food technology, presenting an opportunity for companies to capitalize on the growing trend toward healthier, sustainable, and cruelty-free food options in the market.
- Artificial Intelligence and Automation
The integration of artificial intelligence (AI), robotics, and the Internet of Things (IoT) in agriculture presents a major opportunity to revolutionize crop management, precision farming, and food production processes. These technologies enable real-time data collection, analysis, and automation, allowing farmers to make informed decisions and optimize resource use. AI-powered tools can predict weather patterns, monitor crop health, and improve irrigation efficiency, while robotics and IoT devices can streamline harvesting and reduce labor costs. As these technologies enhance farming productivity and sustainability, they offer significant opportunities for innovation, efficiency, and higher yields, driving growth in the food and agriculture technology market.
Restraints/Challenges
- Limited Consumer Acceptance
The market for alternative food products, including lab-grown meat and plant-based options, faces resistance from certain consumer segments due to skepticism regarding their safety, taste, and overall quality. Many consumers are hesitant to embrace these new products because they are unfamiliar and may not meet traditional expectations for texture or flavor. In addition, concerns about the long-term health impacts and the regulatory approval of these products further contribute to consumer hesitation. Overcoming these challenges requires ensuring product safety through rigorous testing, improving taste and texture to match conventional foods, and educating the public to foster trust in these emerging food technologies.
- High Implementation Costs
The adoption of advanced technologies such as artificial intelligence (AI), robotics, and precision farming tools often requires substantial capital investment, which can be a significant barrier for small-scale farmers or those in developing regions. These technologies, while promising greater efficiency and productivity, come with high upfront costs for equipment, installation, and training. Many farmers in rural or resource-constrained areas may lack access to the necessary funding or financial support to invest in such innovations. This financial constraint limits the widespread adoption of these technologies and hinders the overall growth of the food and agriculture technology market, particularly in underserved regions.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Food and Agriculture Technology and Products Market Scope
The market is segmented on the basis of product and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Cream
- Ice
Industry
- Animal
- Agriculture
- Cold Chain
- Food & Beverages
- Others
Food and Agriculture Technology and Products Market Regional Analysis
The market is analysed and market size insights and trends are provided by country, product, and industry as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
The Asia-Pacific region dominate the food and agriculture technology and products market, driven by a rapidly growing population and increasing disposable income. This demographic shift is fueling the demand for processed and packaged foods, further boosting the market. As a result, the region presents significant growth opportunities for food and agriculture technologies to meet evolving consumer needs.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Food and Agriculture Technology and Products Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Food and Agriculture Technology and Products Market Leaders Operating in the Market Are:
- ADM (U.S.)
- United Technologies Inc. (U.S.)
- Deere & Company (U.S.)
- Evonik Industries AG (Germany)
- dsm-firmenich (Netherlands)
- Signify Holding (Netherlands)
- SGS Société Générale de Surveillance SA. (Switzerland)
- Zoetis Services LLC (U.S.)
- Eurofins Scientific (Luxembourg)
- GEA Group Aktiengesellschaft (Germany)
- Pentair (U.S.)
- Intertek Group plc (U.K.)
- Neogen Corporation (U.S.)
- AKVA group (Norway)
- Canopy Growth Corporation (Canada)
Latest Developments in Food and Agriculture Technology and Products Market
- In August 2024, Bayer AG launched its "Climate FieldView" platform in key European regions, marking an expansion of its digital farming efforts. The platform allows farmers to collect real-time crop data and optimize inputs, enhancing both productivity and sustainability. This move underscores Bayer's dedication to offering data-driven solutions that support sustainable agricultural practices
- In July 2024, Deere & Company unveiled the integration of artificial intelligence (AI) into its precision farming equipment. This enhancement enables machinery to precisely identify and apply fertilizers and pesticides according to crop requirements, minimizing waste and maximizing crop yields. Deere’s initiative represents a significant move toward promoting more sustainable and efficient farming practices
- In June 2024, Syngenta launched a new bio stimulant product aimed at improving plant resilience to environmental stressors such as drought and extreme temperatures. Available throughout North America, the product helps farmers reduce crop losses caused by climate change. This launch aligns with Syngenta's commitment to providing sustainable agricultural solutions that support farmers in adapting to changing environmental conditions
- In July 2024, Cropin Technology, a Bengaluru-based leader in agricultural AI platforms, introduced Sage, the world's first real-time agri-intelligence solution powered by Google Gemini. This innovative platform is designed to provide farmers with actionable insights, enhancing decision-making and productivity. By leveraging cutting-edge technology, Sage aims to revolutionize agricultural operations and drive sustainable growth in the sector
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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