Food Security Technologies Market - 2015 to 2023 Review: A Look at What's New & Improved

Global Food Security Technologies Market: Snapshot

Food security refers to the condition in a given country that determines the sufficiency of food that offers adequate nutrition to one and all. In recent years, the world has been undergoing a major food crisis, with citizens in certain parts of the world are suffering from malnutrition and hunger. Owing to these reasons, governments across the globe are adopting various food security technologies to bridge the gap between the fortunate and the unfortunate ones and devise meaningful solutions to the persistent problem of lack of food for many.

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Transparency Market Research has assessed the global food security technologies market thoroughly using Porter’s five forces analysis and SWOT analysis. The research report provides a comprehensive take on the market dynamics governing the overall scenario. Furthermore, it points out the strengths, weaknesses, opportunities, and threats that are impacting the segments in the market. The research report also explains the competitive landscape present in the global market.

Global Food Security Technologies Market: Drivers and Trends

The global market for food security technologies is witnessing a phenomenal rise due to several reasons. The prominent reason supporting the rise of this market is the increasing uptake of applications to assess the progress of agricultural development in various regions of the world. Unwavering government support to mitigate the ongoing food crisis and shortage has also augmented the demand for food security technologies over the past few years. Analysts anticipate that the growing awareness about the paucity of food and its consequences such as acute malnutrition, diseases, irreversible conditions, and starvation have also triggered a major demand for these adept technologies. The Food and Agriculture Organization (FAO) states that the increasing focus on organic agriculture technology brought in 37 million hectares under organic cultivation in 2012. Thus, the remarkable rise in the application of organic agriculture along with other advanced technologies is expected to spike the demand for food security technologies between 2015 and 2023.

The growing support from the government to enhance the agricultural produce is also expected create a huge demand for food security technologies in the coming years. For example, Government of India has been launching schemes in support of agricultural technologies that have been designed and developed to help farmers to improve their output in the coming few years. Increasing rate of literacy in the rural areas and the intensifying needs to overcome environmental challenges, especially in emerging economies, have also led to a keen interest in food security technologies market.

However, the global food security technologies market faces a few challenges. The key obstacles in the global market are the high cost of implanting technology, lack of skilled resources to operate the new applications and technologies, technical glitches such as lack of electricity, heavy rainfall, draught, excessive heat or cold weather that prevent optimum utilization of these technologies.

Global Food Security Technologies Market: Regional Outlook

In terms of geography, the global food security technologies market is segmented into North America, Europe, the Middle East and Africa, Asia Pacific, and Rest of the World. Of these, North America and Europe hold a dominant position in the overall market. The high adoption of technologies and increasing investments in research and development to understand the burgeoning crisis of food security are expected to keep these regions in the lead. Analysts expect that Asia Pacific is also expected to show a steady growth in the global market due to increasing interest by the government in mitigating the food-related issues and rising awareness about starvation and malnutrition. Analysts expect that increasing population of Asia Pacific and high penetration of technology in the region will also augment the demand for food security technologies in the region.

Key Players Mentioned in this Report are:

Some of the key players mentioned in the global food security technologies market are Bayer CropScience AG, Cargill, DuPont Pioneer, Incorporated, H.J. Heinz, Nestle, Mahindra and Mahindra, Kraft Foods Inc., John Deere, Novozymes, BASF, and others.