Food & Agriculture Trends

The Autonomous Tractors Market is poised for significant expansion. It is projected to witness remarkable growth from its estimated value of USD 2.4 billion in 2023 to an anticipated value of USD 7.1 billion by 2028. This remarkable growth trajectory corresponds to a Compound Annual Growth Rate (CAGR) of 24.0% between 2023 and 2028. Download PDF Brochure Within farm applications, the seed sowing segment is predicted to be the fastest-growing in 2023. Autonomous tractors are transforming seed sowing through precision-guided operations that ensure uniform seed distribution and ideal planting depths. These tractors operate day and night, maximizing planting windows and enhancing productivity. Real-time data collection empowers data-based decisions, allowing adjustments based on field conditions and optimizing yield. The segment above 100 Hp power output is poised to dominate the market in 2023. High-power autonomous tractors above 100 horsepower are catalysts for transformative change in...

The phytosterols market is expected to reach USD 1.6 billion by 2028 from USD 1.0 billion by 2023, at a CAGR of 8.3% during the forecast period. This growth is attributed to the increasing demand for phytosterol products due to an increase in health awareness. North America is expected to boost market growth during the forecast period due to the increasing demand for phytosterols. One of the main factors is the growing awareness among consumers of the health benefits of phytosterols in fortified food products. As phytosterols are naturally present in plants, the popularity of plant-based diets has further increased the demand for them.  Download PDF Brochure The aging population in North America is contributing to the rising demand for phytosterols, as their ability to reduce cholesterol levels is beneficial for maintaining heart health. The increasing prevalence of diabetes is also a factor driving the demand for phytosterols, as studies have linked them to improved insulin ...

The global  antifreeze proteins market  is expected to grow significantly over the forecast period from 2023 to 2028. The market is estimated to be worth USD 10 million in 2023 and is projected to reach USD 50 million by 2028, with a compound annual growth rate (CAGR) of 37.2%. Download PDF Brochure Opportunity: Growing Markets in Developing Regions Offering Promising Growth Prospects Convenience has become a primary factor influencing consumer choices, and technological advancements have resulted in engaging experiences for consumers. The shift in consumer preference towards sustainable products has created opportunities for antifreeze proteins, which are gaining demand in developing countries like Brazil, India, and others. The increasing demand for cosmetics and vaccines in these regions further fuels the expansion of the antifreeze proteins market. Challenge: Impact of Vegan Trends on Antifreeze Proteins Sourced from Animals Fish is a prominent and widely accepted source o...

The global  Food Flavor Market   is poised for substantial growth, projected to increase from USD 18.0 billion in 2022 to USD 21.3 billion by 2027, representing a Compound Annual Growth Rate (CAGR) of 3.5% during this period. An escalating awareness of individual dietary habits among consumers is a direct catalyst for the escalating interest in food flavors, marking a pivotal innovative trend within the culinary landscape. Notably, the surge in demand corresponds with the emergence of plant-based meat alternatives, dairy alternatives, and plant-based frozen treats like ice cream. A significant driving force behind this dietary shift is a growing concern for environmental well-being. This paramount concern has led to a fascinating challenge for manufacturers: replicating the familiar tastes of conventional products that consumers have grown accustomed to. Consequently, this challenge has fueled a surge in demand for food flavors as a solution, effectively propelling the overall...

The global gelatin market is anticipated to achieve a valuation of USD 5.1 billion by 2028, exhibiting a noteworthy Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period up to 2023. This growth trajectory is notably driven by the pharmaceutical sector, poised to experience rapid expansion.  The market's ascent is propelled by the escalating demand for "free-from" food items, coupled with a heightened focus on health among consumers. Furthermore, the surge in the popularity of gelatin, rich in protein content, has engendered robust demand from the nutraceutical and sports nutrition domains. Download PDF Brochure Within the spectrum of sources, the animal-origin segment is projected to dominate in 2023. Gelatin, commonly derived from the partial hydrolysis of collagen extracted from diverse animal sources such as marine life, mammals, poultry, and even insects, underscores this trend. Commercial production predominantly hinges on bovine and porcine...

The global baking ingredients market , valued at USD 16.6 billion in 2021, is projected to reach USD 22.3 billion by 2026, growing at a CAGR of 6.0% during the forecast period. Download PDF Brochure Growing consumption of bakery products and confectionery, driven by consumer preference for convenience and tasty treats, is propelling the demand for baking ingredients worldwide. Strict regulations and international quality standards pose challenges for baking ingredient manufacturers, requiring compliance with health and safety checks. The rising trend of veganism and vegetarianism among consumers provides opportunities for manufacturers to cater to this growing market segment. Increased health awareness, driven by rising cases of diabetes and obesity, is influencing consumer choices, leading to demand for healthier bakery options and impacting the baking ingredients market. Europe holds the largest share in the baking ingredients market, with its strong tradition of bread and bakery pro...

The  food pathogen testing market  is poised for substantial growth, with an estimated value of USD 15.1 billion in 2023, projected to reach USD 22.7 billion by 2028, at a CAGR of 8.4% from 2023 to 2028. This surge in demand is fueled by growing consumer awareness of foodborne illnesses and the increasing need for safer food options. Download PDF Brochure Exciting opportunities abound in the food safety testing industry, driven by technological advancements. The COVID-19 pandemic has emphasized the importance of accurate and efficient testing methods, especially as workforce challenges emerged in specialized areas like lab technicians. Testing techniques now rely on precision and speed, with methods such as PCR, qPCR, RT-PCR, LAMP, ELISA, ELFA, lateral flow, and sequencing utilized to detect nucleic acids and identify strains in foodborne pathogens. A significant breakthrough involves training machine-learning algorithms on over 1,300 Typhimurium genomes, enabling the identifi...