The Global Agribusiness Market is expected to grow at a CAGR of 3.4% from 2015 to 2022. The growth of the market is due to growing population and increasing wealth in the developing world. The drivers of the market include rise in demand to increase productivity and operational efficiency. The challenges faced by the market are food shortages and high food inflation. By 2050, the world will need almost 50% more food. In global market, Nanotechnology applications are observed as the new industrial revolution, and both developed and developing countries are investing in this technology to acquire a sizeable market share.
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Some of the key players in the market include:
LT Foods, Zambia Sugar Plc, Wilmar International, Syngenta, Sabanci Holding, Nestlé, Monsanto, Magic Oven Bakeries, Illovo Sugar Ltd, Horizon Group, DowDuPont, CHS Inc, Cargill Foods, Cairo Poultry Company, Bunge, BrasilAgro, Boreli Tea Holdings Ltd, Bayer CropScience, Associated British Foods plc and Bachoco.
The grains segment dominated the market in 2015 and is anticipated to continue its market dominance until the end of 2020. Wheat and rice segment constitute the significant share as they are the staple food for millions of people. Growing demand for rice is more in countries and regions with low income, where carbohydrates at economical rates are still the primary need of consumers to meet energy requirements. The consumption of meat and dairy products is increasing owing to factors such as high disposable income, increasing urbanization, and changing consumption patterns. In China, the demand for pork is likely to increase. In Argentina and Brazil, the demand for beef is anticipated to grow rapidly over the next five years. The consumption of beef is anticipated to increase by 68 million tons by 2030. This would lead to the development of agribusiness companies involved in primary production as well as livestock breeding and feed.
Product types Covered:
- Other Product Types
- North America
- Asia Pacific
- Rest of the World
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Table of Content
1 Executive Summary
3 Market Trend Analyses
4 Porters Five Force Analysis
5 Global Agribusiness Market, By Product Type
6 Global Agribusiness Market, By Geography
7 Key Developments
8 Companies Profiling
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