Agriculture Sector: Top 5 Opportunities in Q4 2024
The rapidly increasing global population has also had a significant impact on the agriculture industry as it focuses on meeting the massive demand for food products. From precision agriculture to smart farming practices, every new trend in agriculture is aimed at improving the yield of agricultural produce to meet the ever-increasing demands of people around the world. Issues of climate change, soil erosion, and depleting availability of arable land are also pushing companies to innovate in the agriculture industry. Here are the top 5 markets to target for organizations looking to make the most of the last quarter of 2024.
1. Regenerative Agriculture Market:
Emphasis on addressing the issue of reducing biodiversity in agriculture due to high focus on commercial crops is projected to primarily boost the demand for regenerative agriculture in the future. High demand for organic food products and growing use of organic farming practices are slated to be key trends for regenerative agriculture companies in the long run. The global regenerative agriculture industry is forecasted to expand at an impressive 15.17% CAGR from 2024 to 2031.
2.Specialty Food Ingredients Market:
Rising demand for nutritious food products and increasing emphasis on improving the quality of food products are expected to promote the demand for specialty food ingredients going forward. Rise in consumption and demand for functional foods and beverages is expected to be a key trend for specialty food ingredient providers looking to make a mark in the future. Sales of specialty food ingredients are expected to bring in a valuation of USD 243.15 billion in 2031.
3.Aquaculture Market
Rise in popularity and consumption of seafood around the world coupled with increasing globalization are expected to bolster aquaculture market development going forward. Concerns regarding food safety and emphasis on clean eating are promoting the adoption of organic aquaculture practices thereby making it a prominent trend for all aquaculture companies around the world. The demand for aquaculture is expected to amass a valuation of USD 422.56 billion in 2031.
4.Animal Feed Market:
Growing emphasis on improving protein intake via animal-based foods and high awareness regarding animal health are promoting the consumption of animal feed around the world. Just as humans are focusing on eating clean and organic, the demand for organic feed for animals is also increasing as more consumers prefer animal-based products sourced from animals raised in an organic manner. The global animal feed demand outlook is projected to bring in a revenue valuation of USD 751.24 billion in 2031.
5.Aquaponics Market:
Better agricultural yields and year-round protection of crops irrespective of climatic conditions are perks of aquaponics that drive market growth. Rising emphasis on the adoption of sustainable agricultural practices and use of automation in aquaponics are slated be prominent trends for aquaponics providers in the long run. Demand for aquaponics around the world is forecasted to increase at an outstanding 16% CAGR across the study period (2024 – 2031).
While these 5 markets stand out in the global agriculture industry vertical for the last quarter of 2024, they are also expected to emerge as highly opportune in 2025 as well. Growing proliferation of technologies in agriculture and efforts to improve yield to satisfy the global hunger are slated to continually generate new opportunities for companies involves in these markets. Preference and demand for organic food products around the world is estimated to be a common underlying trend for almost all agriculture-related markets over the coming years. Asia Pacific and Europe are expected to be the most opportune regions for any company looking to invest in the aforementioned markets. Find more interesting opportunities and trends related to the agriculture industry at Skyquest.
USA (+1) 351-333-4748
