Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5000 Million | USD 8000 Million | 6.05% | 2022 |
FrequentlyAsked Questions
Food security technologies are the use of advanced techniques for the production of adequate food, to satisfy the demand from the increasing population. Food security technologies include nanotechnology, genetic engineering, agricultural technology, chemical technologies, irrigation techniques, and others.
The global food security technologies market growth over forecast period can be owing to increasing awareness of food security coupled with increasing demand for organic food for fulfilling the food requirements of surging population.
According to a study, the global food security technologies industry size was $5 billion in 2022 and is projected to reach $8 billion by the end of 2030.
The global food security technologies market is anticipated to record a CAGR of nearly 6.05% from 2023 to 2030.
Asia-Pacific is set to dominate the global food security technologies industry over the forecasting timeline owing to presence of mammoth players in the countries such as Taiwan, South Korea, China, and Japan. Furthermore, government support, rising awareness, increasing population, and strict implementation of technology in the region will drive the regional industry trends in the years to come.
The global food security technologies market is led by players such as BASF SE, Kraft Foods Inc., Mahindra and Mahindra, Cargill Inc., Bayer CropScience AG, Novozymes AG, Nestle S.A., DuPont Pioneer, H.J. Heinz Corporation, and John Deere.
The global food security technologies market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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