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.
- 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.