Agrochemicals, agricultural machinery, feed & animal nutrition, agricultural biologics, seeds and other products are basic segments within global agriculture market. Agrochemicals, seeds and machinery are key segments focussing on implementing advanced technologies to aid better yield productivity. Attributing to diversification in food demand and rising need for improvement in agri-inputs, agrochemicals market observes highest growth in the market. Higher R&D investment in agrochemicals has enabled adoption of newer & better solutions and advanced technologies to improve crop production through optimal use of available resources.
Broadly, global food & beverage market comprises food manufacturing, meat & poultry, additives and supplements, non-aerated, aerated alcoholic & non-alcoholic drinks, convenience & frozen food, processing equipment and associated supply chain. Currently, market is witnessing higher demand for organic and natural food products in matured markets, whereas, developing markets are observing increasing preference for processed & ready-to-eat food products. Considering increasing awareness for healthcare, consumers are gradually moving away from artificial flavours & colours and hydrogenated oils.
Services & hospitality market essentially covers hotels & lodging, Quick Service Restaurants (QSRs), and related equipment & machinery. Global hospitality industry is expected to witness high growth attributing to increasing middle class population supported by rising household income.
ASDReport.com has an extensive repository of reports on almost all segments of agriculture and food sector like, beers, baby foods, spirits, packaged & fast food, fish & seafood, general service & hospitability and much more.