Global Food Security Technologies Market to Witness Steady Growth by 2023 Owing to Escalating Demand for Food

Food security is related to the sufficient availability of food and is a key concept in the global food and agricultural industry. The Food and Agriculture Organization states that food security exists when all people have economic and physical access to safe, sufficient, and nutritious food at all times to meet their food preferences and dietary needs so as to lead a healthy and active life. Transparency Market Research, in a report titled “Food Security Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, studies the food security conditions across the globe and sheds light on the major trends influencing the food security technologies market.

Food security technologies use pesticides and fertilizers, agricultural biotechnology, nanotechnology, micro-irrigation, chemical tools, and several other methods to achieve food security and produce sufficient amounts of food materials that can satisfy the growing needs of people in different regions. The global food security technologies market is projected to witness a steady growth over the course of the forecast period, fueled mainly by the surging demand to up agricultural production, rising awareness about these technologies among the general public, increasing applications of advanced technologies in the field of agriculture, and strong government support. In contrast, limited availability of skilled resources, high cost of technology implementation, and technical and weather-related incompatibilities are likely to create roadblocks for the overall market.

The research report provides a 360-degree overview of the food security technologies market by carefully studying every element and nuance positively or negatively impacting the market. The model of Porter’s Five Forces evaluates the bargaining power of buyers and suppliers, the threat of new entrants and substitutes, and the ongoing rivalry among existing competitors.

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On the basis of technology, the food security technologies market can be segmented into micro-irrigation, precision agriculture, water harvesting, crop-protection technologies, nanotechnology, sprinkler irrigation, integrated soil fertility management, organic agriculture, no-till technique, heat and drought-tolerant technologies, and others.

The global food security technologies market is geographically divided into Europe, North America, Asia Pacific, and Rest of the World. Strong research and development practices and extensive implementation of advanced technologies have driven Europe and North America to become the leading markets for food security technologies. However, Asia Pacific is anticipated to emerge as the most rapidly developing regional segment of the food security technologies market from 2015 to 2023 owing to rising awareness about food security, the various technologies associated with it, and the numerous applications of these technologies.

The most prominent players participating in the global food security technologies market include Mahindra and Mahindra, Kraft Foods Inc., Novozymes, Cargill Incorporated, Bayer CropScience AG, H.J. Heinz, DuPont Pioneer, BASF, Nestle, and John Deere.