Food & Agriculture

[New] The market for plant-based meat substitutes is projected to show annual growth of 7%, reaching nearly $6.5 billion in 2023, while the global dairy alternatives market will reach $37.5 billion by 2025.
[New] Better management could lead the ocean to provide six times more food than it does today and furnish two-thirds of the animal protein required to feed the global population of 2050.
[New] The global freeze-dried food market is projected to increase at a compound annual growth rate of 7.23% between 2016 and 2021, hitting $66.53 billion by next year.
[New] A cumulative investment of USD 800 billion until 2030 would be required in Asia and the Pacific region for digital transformation of the food and agriculture sector, implying annual investment of USD 290 billion until 2030.
[New] The Plant-Based Revolution is pegged as the second most significant trend expected to influence NPD this year, fueled by growing consumer awareness of the impact of meat consumption on both personal and planetary health.
[New] By some estimates, Africa could face a near double-digit reduction in crop yields and production volumes over the next decade, as well as rising food prices by similar margins.
[New] India's food production needs to be increased substantially in the coming decades due to an expected population growth up to more than 1.6 billion in 2050 along with changing dietary preferences like a higher demand for animal-sourced products.
[New] Business opportunities in the implementation of the SDGs related to food could be worth over USD 2.3 trillion annually and create about 80 million jobs in the private sector by 2030.
[New] Food and agribusiness is a USD 5 trillion global industry and is going to grow bigger, fuelled by an increasing population and caloric demand.
[New] Global meat consumption is projected to more than double by 2050, perhaps as much as 76%, as the global population rises to more than 9 billion, which will be a significant driver of further biodiversity loss and increased GHG emissions.
[New] Food prices globally are going to surge in 2020: The rise in food prices will drive inflation worldwide and could undermine confidence in financial markets.
The Australian Government will provide $13.6 million over three years from 2019-20 to address labour challenges in the agriculture sector, with $13.2 million to improve access to a sustainable labour force for the horticulture sector, including the Seasonal Worker Programme.
Our global population is expected to grow even higher in the coming years, placing increased pressure on healthcare services, education, agriculture, traffic management, resources and the environment.
With the increasing world population, which is expected to exceed 9 billion by 2050, food and nutrition security is set to become an even bigger challenge, especially in sub-Saharan Africa.
Frozen meat substitutes are expected to witness a sale of over US$ 3 Bn by the end of the period of assessment with a high demand in the coming years.
Data from the US Department of Agriculture showed global palm oil output rose by 3.5 million tonnes in the 2018-2019 marketing year, but is only forecast to grow by 1.9 million tonnes in 2019-2020.
With the growing consumer demand, UBS predicts the U.S. sales of plant-based protein and meat alternatives will increase from $4.6 billion in 2018 to $85 billion in 2030, while the sales of plant-based dairy could reach $37.5 billion in 2025.
Air pollution is already costing the world more than US$ 5 trillion from decreased productivity every year: extreme weather conditions are putting populations around the world at risk of food and water insecurity.
THE United States Department of Agriculture (USDA) is projecting a 10% decrease in the Philippines pork production for 2020 due to the impact of African Swine Fever (ASF), though it upgraded a previous estimate made in October due to effective disease-containment measures.
Broiler meat production in North America is forecast to reach an all-time high in 2020, accompanied by increases across all meat producing species.
Poultry meat imports rose by 51% over the first nine months of last year and China's poultry meat consumption is expected to reach record levels this year as consumers either reject or cannot afford pork.

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Last updated: 18 February 2020