(EMAILWIRE.COM, September 10, 2023 ) As per Maximize Market research, the Agrifood Technology Market was USD 674.84 Million in 2022 and is expected to grow at a CAGR of 8.1 percent over the forecast period to reach USD 1258.36 Million by 2029.

Agrifood Technology Market Report Scope and Research Methodology

The report's scope includes an overview of the market, segmentation by technology type and application, competitive analysis, and future outlook, with a focus on sustainability, innovation, and regulatory factors. The Market Report assesses the agrifood technology industry, including market size, trends, and key players. The research methodology involves data collection from primary sources and secondary sources.

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Agrifood Technology Market Dynamics

The evolution of the agricultural industry is remarkable and the agriculture sector finds itself on the brink of yet another transformative phase, driven by the integration of data and connectivity.

Agrifood Technology Market Regional Insights

Europe dominated the market and is expected to dominate during the forecast period. In the European Agrifood Technology Market, an examination of technological advancements can be facilitated through the analysis of patenting activities specific to various sectors.

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Agrifood Technology Market Segmentation

By Industry

Animal
Agriculture
Cold Chain
Food and Beverage
Others

By Technology

Internet of Things (IoT) and Sensors
Artificial Intelligence (AI) and Machine Learning
Robotics and Automation
Biotechnology and Genetic Engineering
Blockchain and Traceability
Data Analytics and Farm Management Software
Vertical Farming Systems

By End User

Farmers and Growers
Food Manufacturer
Distributors and Retailers

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Agrifood Technology's Key Competitors include

Monsanto Company (now part of Bayer)USA
Syngenta AG (Switzerland)
Cargill, Incorporated (USA)
BASF SE (Germany)
DowDuPont (now Dow Inc. and DuPont)(USA)

Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:

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About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.