Introduction to Agriculture market size, forecast and growth strategy reports
Agriculture has been the world’s oldest known industry and has been responsible for developing industries on either sides of it's value chain, as the global trade improved. Apart from being the oldest, it is also the most challenging industry to be in, due to the major issues like increasing population and decreasing size of arable land across the world. Food security has been, is and will be one of the foremost challenges in the world. This, coupled with the policy differences and changes across the world makes it all the more interesting to research in this field to measure the impact of different macro economic variables on the demand and supply of ingredients and outputs of this industry. We at IndustryARC think that this industry would need the maximum innovation across the industries to sustain its scale of challenges.
Trends and Developments
The global agricultural sector has witnessed significant changes in the past couple of years. According to the FAO and OECD, the agricultural production is likely to witness slow growth or an increase of 1.5% on an annual basis in the next ten years as compared to the 2.1% growth registered between 2003 and 2012 annually. This slow growth is due to the rising costs of production, increasing resources constraints as well as rising pressures from the environment.
As per experts, the agricultural sector is increasingly being driven by market instead of policy. This is providing developing nations with increased opportunities to invest in the sector and benefit economically. However, experts also feel that, shortfall in production and trade related disruptions and volatility in price are some of the concerns related to global food security.
Thus, the global agricultural sector is poised for a bright future in view of the strong and increased demand, high food prices and growth and expansion in trade. Experts are also of the opinion that China will have a major impact on the global agricultural scenario.
Importance of Market Research
Appropriate and accurate market research can be extremely helpful for the agricultural sector be it agricultural food products manufacturing and food processing companies and suppliers. Market research reports can help them analyse their requirements as well as important elements required for managing their business. It can help policy makers and experts develop a well-designed plan for expanding the sector further. Market related research helps in assessing profitability, customer behavior and identifying the food products that needs to be produced in abundance. Since agriculture is an input intensive industry, the people dealing with it, are constantly deriving the raw materials for the required inputs from a variety of speciality chemicals and bio-based extracts. Here are a large number of stakeholders involved at different points of the value chain and the research in these fields would help them in their businesses.
It also helps in analysing food buying, demand and selling pattern. Agricultural companies can find answers to questions like what people are buying and from where they are purchasing the food products. In a nutshell, the research can provide the customers with the information regarding agricultural food product market and target customers.
The rise in demand for agricultural products can be attributed to rising income and demand from people in urban areas. We can provide a broad range of solutions for the agricultural and food processing companies. Right from offering them information and solutions pertaining to farming techniques, machinery, quality control solutions to distribution solutions, storage and warehousing solutions and logistics and manufacturing solutions, we have the right solution for every agriculture related problem. We also provide research and analysis for the agricultural companies, which can come handy while solving production and manufacturing related problems.
Even as the population is rising and a sharp rise has been registered in the incomes of people, the agricultural sector is all set to grow further. Changes in food, diet and urbanization will further help the industry grow and expand in a major way.