Food & Agriculture Trends

The  Fishmeal & Fish Oil Market   is estimated to be valued at USD 12.1 billion in 2022. It is projected to reach USD 15.4 billion by 2027, with a CAGR of 4.9%, in terms of value between 2022 and 2027.  The reasons that are driving the growth of the fishmeal & fish oil market are rising focus on the health and nutrition of livestock animals, especially in Asia Pacific region and improved productivity and environmental performance of aquaculture, coupled with rising ageing population which poses an attractive market for fishmeal & fish oil owing to their health benefits. Fishmeal & fish oil enhance the nutritional profile and offers a range of health benefits in terms of supporting the immunity and gut health of livestock animals, along with enhancing the feed efficiency, due to which they are in significant demand across the livestock and pharma industries. Download PDF Brochure ​Drivers:  Increasing awareness about livestock and pet health and nutrit...

The Fungicide Market is valued at USD 20.8 billion in 2022. It is projected to reach USD 28.0 billion by 2027, recording a CAGR of 6.1% during the forecast period. Climate change poses a serious threat to sustainable agriculture, due to its relationship with biotic and abiotic pressures. Drought, flood, heat, and salinity stress are major abiotic risks connected with climate change. Fungicides of the triazole and strobilurin families not only treat fungal diseases but also promote plant development and production under abiotic conditions by influencing physiological and biochemical processes. Fungicides are one method of preventing and controlling fungal diseases in plants. Fungi are one of the leading reasons for crop loss across the globe. Fungicides, in general, find usage for disease control during the planting and growth of a crop, increased productivity, and reducing blemishes. The availability of fungicide products, growing awareness, increase in fungi attacks, and rising pest...

The  Digital Agriculture Market   is estimated to be valued at USD 18.0 billion in 2022. It is projected to reach USD 29.8 billion by 2027, at a CAGR of 10.5%, in terms of value between 2022 and 2027. The negative impact of ecosystem change on agriculture is the major factor driving the growth of the digital agriculture market. It is also a major driver for the market as farmers are looking for newer technology to help protect crops and livestock from diseases leading to any disruption. Further, increase in investment by government bodies to encourage the adoption of different technology, increasing R&D activities by key players to provide affordable and sustainable solutions to the stakeholders in the value chain, remote sensing devices that enable farmers to monitor weather conditions, map soil properties, detect the growth of livestock, and help in forest management. Download PDF Brochure Key players in this market include CISCO Systems, Inc. (US), IBM Corporation (US),...

The global  brewery equipment market  size is estimated to be valued at USD 19.2 billion in 2022 and is projected to reach USD 25.6 billion by 2027, recording a CAGR of 5.9% in terms of value. Brewery equipment market is gaining traction majorly because of the expanding craft brewery industry. Increased demand for low-alcohol, premium beer, and the establishment of taprooms and microbreweries are driving the market’s growth. Besides, transformations in the brewery sector are in terms of technology implementation, as craft beer producers seek new technology and innovative equipment. Modern brewing industry necessitates hygiene and quality standards, thus implying the significance of process automation. AI, the Internet of Things (IoT), automated systems, robotics, and sensors are thereby becoming essential for the modern brewing industry. Download PDF Brochure Europe dominates the brewery equipment market The beer market in this country is highly established and is home to many...

The global  essential oils market  size is estimated to be valued at USD 8.8 billion in 2022 and is projected to reach USD 15.3 billion by 2027, recording a CAGR of 11.8% in terms of value. The market is growing due to its wide application and increased awareness among consumers globally. Essential oils are being used in new domains as they have various health benefits and less known side effects. The North American region dominates the global essential market, owing to the growing trends of having a healthy lifestyle and consumers being more aware of the ingredients being used in their products. Furthermore, growing applications of essential oils have increased the R&D and new product innovations which are expected to drive the global market in the forecasted period. Download PDF Brochure The growth of the essential oils market in Europe is driven by the demand for products being sold as aromatherapy cosmetics to the consumers Europe is one of the largest markets...

The Drip irrigation Market is estimated to be valued at USD 5.2 billion in 2022 and is projected to reach USD 8.3 billion by 2027, recording a CAGR of 9.8% during the forecast period in terms of value. The global drip irrigation systems market has realized opportunities in terms of innovative products and patent registrations, thereby indicating a growing demand for the latest agricultural technologies. Developing countries such as India and China are among the largest markets due to the agrarian nature of their economies and increasing levels of water scarcity that affects the regions. Drip irrigation is well suited to intensive systems such as vegetable production. It has gained widespread acceptance internationally as a technology that can increase water use efficiency to about 90–95%. Download PDF Brochure The vegetable crops segment is estimated to hold the second largest market in the drip irrigation market in 2022. Vegetable crops grown using drip irrigation require regular wa...