Report Details
Introduction
- Market Size and Growth Forecast – The global agrifood technology market is valued at USD 24.8 billion in 2024 and is expected to reach approximately USD 47.6 billion by 2032, advancing at a CAGR of 8.3% between 2025 and 2032.
- Drivers of Market Expansion – Rising demand for sustainable farming, increasing adoption of digital agriculture solutions, and the growing need for efficiency in food production are key factors fueling market growth.
- Innovation and Future Opportunities – Rapid advancements in agri-biotechnology, precision farming, and AI-driven food supply chains are creating new opportunities for stakeholders in the global agrifood technology industry.
Gap Analysis – Global Agrifood Technology Market
- Technology Adoption Gap: Limited penetration of advanced agrifood technologies such as AI-driven crop analytics, blockchain for food traceability, and IoT-based farm monitoring in developing regions compared to rapid adoption in North America and Europe.
- Sustainability Gap: Insufficient integration of eco-friendly and low-carbon technologies in food production and supply chains, creating a need for innovations that align with global sustainability and net-zero emission targets.
- Affordability Gap: High cost of precision farming tools, robotics, and smart machinery restricts access for small and medium-scale farmers, widening the digital divide within the agrifood ecosystem.
- Infrastructure Gap: Inadequate cold chain, storage, and logistics infrastructure in emerging economies continues to cause high levels of food wastage and supply chain inefficiencies.
- Skill and Knowledge Gap: Lack of training and digital literacy among farmers and agribusinesses slows down the adoption of next-generation agrifood technologies.
- Policy and Regulation Gap: Uneven government policies and fragmented regulations around data privacy, biotech usage, and sustainability standards hinder large-scale deployment of agrifood innovations.
- Market Awareness Gap: Limited awareness among consumers and stakeholders about the long-term benefits of agrifood technologies, particularly in enhancing food safety, nutrition, and traceability.
Detailed Segmentation of the Global Agrifood Technology Market
1. By Technology / Type
1.1 Precision Agriculture / Farming
1.2 Biotechnology and Biochemicals
1.3 Big Data & Analytics (including AI platforms)
1.4 Robotics & Automation (Agricultural Robots)
1.5 Sensors & Connected Devices
1.6 Digital Agriculture / Smart Farming Solutions
1.7 Drones & Autonomous Machinery
1.8 Marketplace Platforms & Cold Chain Tech
1.9 Others
2. By Application / Industry
2.1 Broad-acre Applications (Seeding, Irrigation, Harvesting)
2.2 Indoor Farming (Vertical & Urban Farming, Grow Lights)
2.3 Livestock Monitoring & Farm Management
2.4 Supply Chain & Cold Chain Management
2.5 Marketplace & Digital Platforms
2.6 Weather Tracking & Forecasting
2.7 Agrochemicals & Agriculture Biotechnology
2.8 Others
3. By Offering
3.1 Hardware
3.2 Software
3.3 Services
3.4 Other Products
4. By Region – Global Agrifood Technology Market
4.1 North America
4.2 Europe
4.3 Asia-Pacific
4.4 South & Central America
4.5 Middle East & Africa
5. By Country (Within Regions)
5.1 North America
5.1.1 United States
5.1.2 Canada
5.1.3 Mexico
5.2 Europe
5.2.1 Germany
5.2.2 United Kingdom
5.2.3 France
5.2.4 Italy
5.2.5 Spain
5.2.6 Russia
5.2.7 Rest of Europe
5.3 Asia-Pacific
5.3.1 China
5.3.2 India
5.3.3 Japan
5.3.4 Australia
5.3.5 Rest of Asia-Pacific
5.4 South & Central America
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Rest of South & Central America
5.5 Middle East & Africa
5.5.1 Saudi Arabia
5.5.2 United Arab Emirates
5.5.3 South Africa
5.5.4 Rest of Middle East & Africa
6. Key Players – Global Agrifood Technology Market
6.1 Deere & Company (John Deere)
6.2 AGCO Corporation
6.3 CNH Industrial (Case IH, New Holland)
6.4 Bayer Crop Science
6.5 Syngenta Group
6.6 Corteva Agriscience
6.7 Kubota Corporation
6.8 Trimble Inc.
6.9 IBM Corporation
6.10 AG Eagle LLC
6.11 Indigo Ag, Inc.
6.12 AeroFarms
6.13 Apollo Agriculture
6.14 Conservis
6.15 Ceres Imaging
6.16 LettUs Grow Ltd.
6.17 Pivot Bio
6.18 AgBiome, Inc.
6.19 Solinftec (Brazil)
6.20 Wikifarmer (Greece)
6.21 Aleph Farms (Israel)
6.22 Others
Table of Contents (TOC)
1 Executive Summary
2 Introduction
2.1 Definition & Scope of Agrifood Technology
2.2 Research Methodology
2.3 Assumptions & Limitations
3 Market Overview
3.1 Market Size & Forecast (2017–2033)
3.2 Value Chain Analysis
3.3 Industry Trends & Developments
3.4 Regulatory Framework
3.5 Porter’s Five Forces Analysis
4 Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5 Market Segmentation
5.1 By Technology / Type
5.1.1 Precision Agriculture / Farming
5.1.2 Biotechnology and Biochemicals
5.1.3 Big Data & Analytics (including AI platforms)
5.1.4 Robotics & Automation (Agricultural Robots)
5.1.5 Sensors & Connected Devices
5.1.6 Digital Agriculture / Smart Farming Solutions
5.1.7 Drones & Autonomous Machinery
5.1.8 Marketplace Platforms & Cold Chain Tech
5.1.9 Others
5.2 By Application / Industry
5.2.1 Broad-acre Applications (Seeding, Irrigation, Harvesting)
5.2.2 Indoor Farming (Vertical & Urban Farming, Grow Lights)
5.2.3 Livestock Monitoring & Farm Management
5.2.4 Supply Chain & Cold Chain Management
5.2.5 Marketplace & Digital Platforms
5.2.6 Weather Tracking & Forecasting
5.2.7 Agrochemicals & Agriculture Biotechnology
5.2.8 Others
5.3 By Offering
5.3.1 Hardware
5.3.2 Software
5.3.3 Services
5.3.4 Other Products
6 Regional Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 France
6.2.4 Italy
6.2.5 Spain
6.2.6 Russia
6.2.7 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 Australia
6.3.5 Rest of Asia-Pacific
6.4 South & Central America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South & Central America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 United Arab Emirates
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa
7 Competitive Landscape
7.1 Market Share Analysis (Key Players)
7.2 Competitive Benchmarking
7.3 Strategic Developments (M&A, Collaborations, Investments)
8 Key Players – Company Profiles
8.1 Deere & Company (John Deere)
8.2 AGCO Corporation
8.3 CNH Industrial (Case IH, New Holland)
8.4 Bayer Crop Science
8.5 Syngenta Group
8.6 Corteva Agriscience
8.7 Kubota Corporation
8.8 Trimble Inc.
8.9 IBM Corporation
8.10 AG Eagle LLC
8.11 Indigo Ag, Inc.
8.12 AeroFarms
8.13 Apollo Agriculture
8.14 Conservis
8.15 Ceres Imaging
8.16 LettUs Grow Ltd.
8.17 Pivot Bio
8.18 AgBiome, Inc.
8.19 Solinftec (Brazil)
8.20 Wikifarmer (Greece)
8.21 Aleph Farms (Israel)
9 Future Outlook & Opportunities
10 Appendix
10.1 Abbreviations
10.2 References
10.3 Research Methodology
Detailed Segmentation of the Global Agrifood Technology Market
1. By Technology / Type
1.1 Precision Agriculture / Farming
1.2 Biotechnology and Biochemicals
1.3 Big Data & Analytics (including AI platforms)
1.4 Robotics & Automation (Agricultural Robots)
1.5 Sensors & Connected Devices
1.6 Digital Agriculture / Smart Farming Solutions
1.7 Drones & Autonomous Machinery
1.8 Marketplace Platforms & Cold Chain Tech
1.9 Others
2. By Application / Industry
2.1 Broad-acre Applications (Seeding, Irrigation, Harvesting)
2.2 Indoor Farming (Vertical & Urban Farming, Grow Lights)
2.3 Livestock Monitoring & Farm Management
2.4 Supply Chain & Cold Chain Management
2.5 Marketplace & Digital Platforms
2.6 Weather Tracking & Forecasting
2.7 Agrochemicals & Agriculture Biotechnology
2.8 Others
3. By Offering
3.1 Hardware
3.2 Software
3.3 Services
3.4 Other Products
4. By Region – Global Agrifood Technology Market
4.1 North America
4.2 Europe
4.3 Asia-Pacific
4.4 South & Central America
4.5 Middle East & Africa
5. By Country (Within Regions)
5.1 North America
5.1.1 United States
5.1.2 Canada
5.1.3 Mexico
5.2 Europe
5.2.1 Germany
5.2.2 United Kingdom
5.2.3 France
5.2.4 Italy
5.2.5 Spain
5.2.6 Russia
5.2.7 Rest of Europe
5.3 Asia-Pacific
5.3.1 China
5.3.2 India
5.3.3 Japan
5.3.4 Australia
5.3.5 Rest of Asia-Pacific
5.4 South & Central America
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Rest of South & Central America
5.5 Middle East & Africa
5.5.1 Saudi Arabia
5.5.2 United Arab Emirates
5.5.3 South Africa
5.5.4 Rest of Middle East & Africa
6. Key Players – Global Agrifood Technology Market
6.1 Deere & Company (John Deere)
6.2 AGCO Corporation
6.3 CNH Industrial (Case IH, New Holland)
6.4 Bayer Crop Science
6.5 Syngenta Group
6.6 Corteva Agriscience
6.7 Kubota Corporation
6.8 Trimble Inc.
6.9 IBM Corporation
6.10 AG Eagle LLC
6.11 Indigo Ag, Inc.
6.12 AeroFarms
6.13 Apollo Agriculture
6.14 Conservis
6.15 Ceres Imaging
6.16 LettUs Grow Ltd.
6.17 Pivot Bio
6.18 AgBiome, Inc.
6.19 Solinftec (Brazil)
6.20 Wikifarmer (Greece)
6.21 Aleph Farms (Israel)
6.22 Others
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Frequently Asked Questions
What is driving the rapid growth of the agrifood technology market?
The market is booming due to rising global food demand, digital transformation in agriculture, and the urgent need for sustainable production. From precision farming to AI-driven food processing, agrifood technology is bridging the gap between farm and fork.
Which agrifood technologies are reshaping the industry in 2025 and beyond?
Key innovations include precision agriculture, agri-biotech, food robotics, blockchain for supply chains, alternative proteins, and smart packaging. These technologies are redefining food security, traceability, and efficiency worldwide.
How is artificial intelligence influencing agrifood technology?
AI is becoming the backbone of modern agrifood systems—helping farmers predict yields, optimize irrigation, reduce waste, and even design personalized nutrition. By integrating AI, stakeholders can make data-driven decisions to enhance productivity and sustainability.
Which regions are emerging as leaders in agrifood technology adoption?
North America is leading with strong investments in food-tech startups, while Europe is focused on sustainable innovations. Asia-Pacific is growing fastest, driven by smart farming in China, India, and Japan, coupled with increasing demand for advanced food processing solutions.
Why is agrifood technology critical for global sustainability goals?
Agrifood technology reduces food loss, ensures efficient land use, supports climate-smart agriculture, and enhances nutritional outcomes. It plays a vital role in aligning the global food system with UN Sustainable Development Goals (SDGs).