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.

Need for High Agricultural Production to Fuel Adoption of Food Security Technologies, says TMR

The global food security technologies market is driven by the increasing government support and rising awareness among consumers, states a new report by Transparency Market Research (TMR). The report is titled, ‘Food Security Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.’ The report gives a detailed analysis of the market’s past and present valuation, which is further used to derive reliable insights into the market’s future. Key segments of the global food security technologies industry have been studied in detail.

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The report sketches out the competitive landscape, including the market share of top vendors, the strategies implemented by them, and information regarding their recent developments. Information regarding the degree of competition, threat of substitutes, threat of new entrants, and bargaining power of supplier and buyers has been given.

According to the report, the food security technologies market is expected to witness growth in the coming years owing to the rapid use of technology in the agriculture industry. A rise in the use of technology in the production industry and in food security is fueling the growth of the market worldwide. Various schemes are being launched by governments to encourage the use of food security technologies, thereby resulting in increased agricultural production.

Some challenges faced by the global food security technologies market are limited number of skilled resources and high cost of implementing the technology. Technical problems in several countries such as lack of electricity, heavy rainfall or draught, and extreme heat or cold are anticipated to act as obstacles hampering the growth of the global food security technologies market.

The global food security technologies market is segmented on the basis of technology into precision agriculture, nanotechnology, sprinkler irrigation, integrated soil fertility management (ISFM), water harvesting, micro irrigation, organic agriculture, crop protection technologies, no-till technique, and improved varieties- draught tolerant and heat tolerant characters.

On the basis of geography, the global food security technologies market is segmented into Europe, Asia Pacific, North America, and the Rest of the World (RoW). North America and Europe are being recognized as lucrative markets in the global food security technologies industry. The wide implementation of advanced technology and high investments in R&D are expected to be behind the growth of these regions. Asia Pacific is likely to witness substantial growth during the period from 2014 to 2020. The steadily growing awareness about technologies and their applications in the agriculture industry are anticipated to be behind the growth of the food security technologies market in Asia Pacific.

Key players in the market are: Cargill, Incorporated, Bayer CropScience AG, H.J. Heinz, Mahindra and Mahindra, Nestle, John Deere, BASF, Kraft Foods Inc., Novozymes, and DuPont Pioneer.

Global Food Security Technologies Market to Benefit from Increasing Application in Agriculture Industry

A new market intelligence research report by Transparency Market Research offers a detailed study on the global food security technologies market. According to the report, titled ‘Food Security Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,’ the market is expected to benefit from the increasing use of innovative technologies such as pesticides and fertilizers, nanotechnology, and agriculture biotechnologies. The increasing use of chemicals and the rising adoption of micro irrigation techniques are predicted to boost the global market from 2015 to 2023.

Today, food security has become a global issue, given the interconnections in the food system on water availability, soil, climate, and a host of other factors. Food security is also influenced by the rising trading activities, urbanization, changing land use policies, and changing demographics. Adopting new technologies is the best way to assure food security. It is now believed that adopting technology offers a solution to the growing issues of food security.

The global food security technologies market will benefit from the increasing application in the agriculture industry. The increasing government support is also predicted to support leading manufacturers to introduce new food security technologies in the global market. According to the Food and Agriculture Organization (FAO), in 2004, the total area under organic agriculture was 21 million hectares. By 2012, the total area under organic agriculture reached 37 million hectares. Various schemes are being launched by the governments of many nations to promote the use of new food security technologies in agriculture. All these factors are likely to boost the global food security technologies market, predict the analysts.

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Even though the global food security technologies market is expected to grow smoothly, leading players would have to tackle a few challenges. As per the research, key companies will have to face the hurdles of the high cost of implementing new technology, limited skilled resources, and technological incompatibilities in certain nations. However, companies are focusing on introducing new technologies such as water harvesting, crop protection technologies, organic agriculture, sprinkler irrigation, no-till technique, and food security technologies with heat-tolerant and drought-tolerant features.

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

To study the regional coverage of leading players, the global food security technologies market is divided into Europe, North America, Asia Pacific, and Rest of the World. As per the findings of the report, currently, Europe and North America are the prominent markets for food security technologies. Improvements in the research and development practices and the rising implementation of advanced technologies have boosted the market for food security technologies in Europe and North America. However, analysts expect that Asia Pacific will witness the highest growth in the years to come. The rising awareness and the increasing acceptance of food security technologies will benefit the Asia Pacific market in the near future.

Strategic Role of Food Security Drives Adoption of Food Security Technologies, Market to Find Opportunities in APAC

Transparency Market Research presents a 360-degree overview of the global food security technologies market. The research report, titled “Food Security Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” offers a detailed analysis of the factors influencing the overall market and its segments. It explains how schemes launched by the governments of developing countries are likely to boost the global food security technologies market.

The research report also addresses some of the restraints faced by the overall market such as the high cost of technologies, lack of skilled labor, and technical glitches that are hampering the growth of this market. For further insight, the researchers have used Porter’s five forces analysis to highlight the threat of new entrants, the bargaining power of suppliers, the intensity of competitive rivalry, and the bargaining power of customers.

The Food and Agriculture Organization states that food security is clean access to sufficient, safe, and nutritious food to people from all strata of the society to satisfy the dietary needs of living a healthy life. Therefore, it is an integral part of the agricultural industry of every country. Technologies such as micro-irrigation, pesticides and fertilizers, nanotechnology, chemical tools, and agricultural biotechnologies are crucial to achieving food security. All of these tools and techniques are primarily focused towards ensuring there is enough produce to meet the nation’s or region’s demand for food.

The technologies being used in the global food security technologies market are nanotechnology, micro irrigation, precision agriculture, sprinkler irrigation, organic agriculture, water harvesting, integrated soil fertility management (ISFM), no-till technique, crop protection technologies, and others. Geographically, this market is segmented into North America, Asia-Pacific, Europe, and Rest of the World (RoW).

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Currently, Europe and North America are leading the global food security technologies market due to increasing adoption of advanced technologies and rising research and development activities. According to research analysts, Asia Pacific is also set to grow at a steady pace due to the growing awareness about technologies and their applications for achieving food security.

Some of the important players in the global food security technologies market are BASF, Bayer CropScience AG, Cargill, Incorporated, DuPont Pioneer, Novozymes, Mahindra and Mahindra, H.J. Heinz, Nestle, John Deere, Kraft Foods Inc., and others. The research report profiles these players and provides a comprehensive overview of the competitive landscape in the overall market. Furthermore, it also analyzes the unique forces governing the global food security technologies market such as the distinct management styles, powerful branding and marketing ideas, strategic mergers and acquisitions, and the local market drivers and restraints influencing these players in the global market.

Global Food Security Technologies Market to be Propelled by Rapid Rise in Application in Agriculture Sector

A new research report by Transparency Market Research (TMR) offers an analytical and unbiased study of the global market for food security technology. Taking the current market trends into account, the research study presents an analysis of the growth drivers, restrictions, opportunities, and future prospects that can influence the worldwide food security technologies market.

The study, titled “Food Security Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” states that the rapid rise in the application of food security technologies in the agriculture, food and beverages, and food security sectors, together with the support of governments across the world and the increasing awareness pertaining to these technologies among the global population, is boosting the worldwide food security technologies market considerably.

On the flip side, the market faces severe challenges from the high cost associated with the implementation of these technologies, the dearth of skilled professionals, technical inconsistencies such as the lack of power, and heavy rainfall, drought, or other extreme climatic conditions in various emerging economies. This is expected to limit the growth of this market during the forecast period, states the research report.

In this market study, the global market for food security technologies has been evaluated on the basis of the type of technology and the regional spread of this market. Nanotechnology, sprinkler irrigation, micro irrigation, integrated soil fertility management (ISFM), precision agriculture, organic agriculture, no-till technique, water harvesting, crop protection technologies, and various other technologies are utilized for food security across the world.

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On a regional basis, the research report has segmented the global market for food security technologies into Asia Pacific, North America, Europe, and the Rest of the World. North America and Europe are dominating the global market on account of the increasing implementation of advanced food security technologies and robust research and development practices in the regions.

The Asia Pacific market for food security technologies, on the other hand, is in its nascent stage and projected to experience the fastest growth during the forecast period. The steady increase in awareness among consumers regarding these technologies and their applications is the key factor behind the expected exponential growth of the food security technologies market in Asia Pacific over the forecast period, states the market study.

Novozymes, DuPont Pioneer, Bayer CropScience AG, Cargill Inc., Mahindra and Mahindra, H.J. Heinz, Nestlé, John Deere, Kraft Foods Inc., and BASF are some of the key players functional in the global food security technologies market, mentioned in this research report.

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.

Global Food Security Technologies Market to be Propelled by Growing Adoption of Food Security Technologies till 2023

The global food security technologies market is expected to grow rapidly during the period from 2015 to 2023 due to growing adoption of food security technologies across the regions of North America and Europe.

Increasing Food Security Applications in Agriculture to Drive Global Market

Factors such as rapid growth in demand for food security technologies and applications in the agriculture sector, increasing awareness about food security technologies, and support from the government will drive the global food security technologies market during the forecast period. Increase in the use of technology in food production and security is the primary reason for the growth of the global food security technologies market. For example, as per the statistics and reports provided by the Food and Agriculture Organization (FAO), the area under organic agriculture increased from 21 mn hectors in 2004 to 37 mn hectors in 2012, worldwide. Rapid rise in the use of advanced technologies and applications of organic agriculture will propel food security applications in the coming few years.

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Government support for the use of food security applications and recent introduction of several applications from leading players will further drive the global food security technologies market during the forecast period. Some of the restraints that the global food security technologies market will face in the competitive market include the increasing cost of advanced technologies, limited availability of resources, and technical incompatibilities in many regions across the globe. However, irrespective of the restraints, the global food security technologies market is expected to observe steady growth during the forecast period.

North America to Account for Highest Share in Global Food Security Technologies Market

The global food security technologies market is segmented on the basis of geography and technologies. By geography, the global food security technologies market is divided into regions such as Europe, Asia Pacific, North America, and Rest of the World. Europe and North America are the two most prominent regions in the global food security technologies market owing to strong research and development practices. Implementation of technologically advanced food security applications and the latest research and development trends will allow the North America and Europe regions to dominate the global food security technologies market during the forecast period.

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Among other regions, Asia Pacific is expected to witness the strongest development during the forecast period. By technology, the global food security technologies market is divided into technologies such as micro irrigation, precision agriculture, sprinkler irrigation, integrated soil fertility management, organic agriculture, no-tile technique, crop protection technologies, heat tolerant characters, and draught tolerant characters. Food security applications include the use of advanced techniques such as pesticides and fertilizers, agriculture biotechnologies, nanotechnology, micro irrigation, and chemical tools. The primary focus of food security applications and technologies is to avoid wastage of food by producing the required amount of food products that would fulfill the needs of people in the respective regions.

The global food security technologies market is marked by leading players in the market introducing different food security technologies in different areas. Some of the prominent players in the global food security technologies market are Bayer CropScience AG, Cargill Incorporated, Mahindra and Mahindra, DuPont Pioneer, H.J. Heinz, Nestle, John Deere, Novozymes, Kraft Foods, BASF and others.

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