Food & Agriculture Trends

According to a recent research report titled " Global Food & Beverage Industry Outlook 2024 - Navigating The Culinary Horizon of Tomorrow ," published by Marketsandmarkets, the top 10 Food & Beverages markets are expected to grow from USD 164.02 billion in 2023 to USD 179.83 billion by 2024, reflecting a YoY increase of 9.6%. Download PDF Brochure Key Highlights: The Food & Beverages Industry Outlook for 2023-2024 covers various sectors, including plant-based protein, plant-based meat, food testing, food certification, precision fermentation ingredients, food robotics, personalized nutrition, probiotics, regenerative agriculture, and food traceability markets. The industry anticipates a transformative journey marked by sustainable practices, the rise of plant-based alternatives, and the integration of innovative technologies such as food automation and precision fermentation. This period promises unprecedented innovation and heightened competition as companies str...

The global gelatin market is anticipated to achieve a valuation of USD 5.1 billion by 2028, exhibiting a robust Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period up to 2023. The pharmaceutical segment is poised for the fastest growth, driven by the increasing demand for "free-from" food products and a rising health consciousness among consumers. Furthermore, the nutraceutical and sports nutrition sectors are witnessing heightened demand due to gelatin's high protein content. Download PDF Brochure Market Dynamics and Growth Drivers: The animal source segment is expected to dominate the market in 2023, with gelatin commonly derived through partial hydrolysis of collagen sourced from various animals, including marine, mammalian, poultry, and insects. Commercial production primarily relies on bovine and porcine bones and hides, while marine-sourced gelatin is produced on a smaller scale. Consumers prioritize taste, safety, and cost when purchasing food an...

The Digital Agriculture Market , currently valued at USD 18.0 billion in 2022, is set for a robust expansion, projecting a climb to USD 29.8 billion by 2027, fueled by a formidable CAGR of 10.5%. The predominant driver of this growth is the adverse impact of ecosystem changes on agriculture, compelling farmers to seek advanced technologies for crop and livestock protection. Increased government investments, intensified R&D by industry leaders, and the integration of remote sensing devices further contribute to the market's momentum. Download PDF Brochure Regional Prowess - North America's Leadership North America takes the lead, claiming the largest share in the global digital agriculture market. The region's manufacturers focus on cutting-edge product developments and strategic partnerships to enhance consumer awareness. Factors such as extensive farmlands, widespread adoption of hardware and software for large-scale farm management, a significant livestock population,...