Global Food Security Technologies Market: Overview
Amidst growing concerns pertaining to the existence of widespread malnutrition and the insufficient availability of food for future generations, food security has emerged as a concept to fully comprehend the need for economic as well as physical access to safe, sufficient, and nutritious food. The Food and Agriculture Organization of the United Nations has, for decades, emphasized on the importance of food security and an increasing number of companies, private and public organizations, and governments have therefore begun investing in the development of modern food security technologies to tackle the global food crisis.
Food security technologies include agricultural technology, nanotechnology, irrigation techniques, genetic engineering, and chemical technologies – any technology or technique that can aid the production of adequate and nutritious food. The global food security technologies market is set to witness steady growth over the coming years, analysts predict.
The report studies the emergence and development of food security as a concept and a solution and evaluates the various factors responsible for the growth of the food security technologies market. Leading players involved in the industry, favorable and restrictive government policies, and ongoing research for designing and developing new technologies are some of the prominent points covered in the report.
Global Food Security Technologies Market: Drivers and Restraints
Perhaps the main factors driving the need for food security technologies are expanding global population and scarcity of arable land. Increasing awareness about the significance of food security and the growing demand for organic food products in several parts of the world have also given this market a major boost. Another factor that has benefitted the food security technologies market is rising efforts by various governments to increase agricultural yield. For instance, the Government of India has been making consistent efforts to help farmers enhance their output by launching schemes that make the designing, implementation, and adoption of agricultural technologies affordable. A growing literacy rate among the rural populace has also supported the food security technologies market as more and more people and organizations are realizing the importance of such techniques.
In contrast, the food security technologies market will be impinged by factors such as high cost of these technologies, limited availability of skilled personnel and resources, the challenges posed by uncertain environmental conditions and lack of electricity in many parts of the world, and difficulties in optimally utilizing these complex techniques. Be that as it may, ongoing research to tackle, predict, and resolve such issues will enable those in the food security technologies market to overcome these shortcomings and make the most of the opportunities available.
Global Food Security Technologies Market: Regional Outlook
By way of geography, the global market for food security technologies is divided into North America, the Middle East and Africa, Europe, Asia Pacific, and Latin America. Among these, North America and Europe account for a significant share in the market, which can be attributed to growing investments in R&D to study food security issues around the world and rising adoption of advanced technologies to solve such crises.
It has been predicted that Asia Pacific will witness strong and steady growth over the course of the forecast period, thanks to rising interest on the part of several governments to address food-related concerns resulting from large-scale starvation and malnutrition. The massive population in most countries in Asia Pacific, the soaring demand for food, and the rising penetration of advanced technologies will also aid this regional market.
Companies mentioned in the report
H.J. Heinz, BASF, Novozymes, Cargill, Nestle, Mahindra and Mahindra, Kraft Foods Inc., John Deere, DuPont Pioneer, and Bayer CropScience AG are some of the leading players in the food security technologies market.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.