The ornamental fish market is expected to raise at a CAGR of 9% during the forecast period of 2024 to 2032. As a component of a luxurious lifestyle, it is anticipated that the growing popularity of colorfulornamental fish for aquariums among millennials will drive business growth.
In 2021, the global market for autonomous crop management was valued at USD 1.45 billion and is projected to expand at a CAGR of 17.5% during the forecast period of 2023 and 2031. Farmers' increased awareness of benefits such as improved crop planning and tracking, labor cost reduction, and weather forecasting is driving the expansion of the industry.
The market size for Controlled-release fertilizers is anticipated to increase at a CAGR of 6.1% between 2023 and 2031. Controlled-release fertilizers are meant to prevent loss of nutrients of a crop. They are an important ingredient in crop production process. As per analysis by Food and Agriculture Organization, it is predicted that usage of fertilizers can increase the crop’s productivity by 55%. They help crops absorb nitrogen efficiently thereby, reducing loss of nitrogen and are specialized to maintain soil quality throughout the harvesting season.
Acidulated Soap Stock Market consumption has gradually increased in the market due to increasing agricultural activities driving demand for animal feed. On the basis of applications, global acidulated soap stock market is segmented into animal feed, soaps, biodiesel and others. Feed market accounted for larger share of global acidulated soap stock market.
Agricultural Equipment Market Is Projected to Expand At A CAGR Of 6.6% Between 2023 And 2031. The agricultural equipment market is expanding rapidly all across the globe owing to the automation of the farming segments and the introduction of new innovative techniques in farming. Agricultural equipment is a kind of machine used for purpose of farming. It supplements agricultural functions and agricultural activities thereby enhancing the output and quality of crops.
The worldwide agriculture industry is experiencing the most significant changes since the end of World War II, including shifts in consumer tastes, technology-enabled productivity advances, and domestic and international market turbulence. As a proportion of global consumption, corn, soybeans, sugar, and wheat are the four most traded crops. These four crops have flat cost curves, which means that even modest changes in market dynamics, let alone the large changes that these four trends may cause, might have a significant impact on export competitiveness. Wheat is exchanged across shorter distances than the other three crops because it is produced globally, therefore it would likely be less affected by disruptions than the other three commodities.
Most people consume more calories than they require. This is especially true in established nations such as Europe and North America, but even in some developing nations in Asia and South America, the average individual calorie intake exceeds recommended amounts. According to the World Health Organization (WHO), the combination of increased caloric intake and decreased physical activity has nearly tripled the global prevalence of obesity since 1975, and the majority of the world's population lives in countries where noncommunicable diseases linked to overconsumption, such as cardiovascular disease, diabetes, and cancer, kill more people than hunger.
The topography of global food-producing regions will evolve. This could be due to the effects of climate change (drought and greater temperatures in some locations, for instance) or reduced costs (for example, energy). Reduced energy costs reduce the cost of obtaining or desalinizing water and pumping it to land that lacks it, so making some currently unsuitable regions for agriculture.
We envision a future in which digital platforms provide full transparency and traceability across the food value chain, thereby enabling an environment in which value chain actors may more easily purchase and sell with one another, compare prices, and rate suppliers. One contemporary internet marketplace for agriculture brings together buyers and sellers of farm equipment, insurance, farmland, tools, and cars. This atmosphere could lead to the development of online trading systems for agricultural products, facilitated by virtual currency and financial technology businesses.
When it comes to business research and consulting solutions, Acute Market Reports has remained the best choice for Agricultural product and ingredients companies. We examine the global market by considering the key strength, challenges, and overall prospects of each micro market. Following more than a decade in the industry, our top priority has always been to help our global clientele make smart business decisions through the application of a cutting-edge futuristic research methodology that is data-driven, analytical, and user-friendly.
