Journal of Plant Biochemistry & Physiology
Open Access

Market analysis for 15th Crop Science and Agriculture Summit

Rick Bieber Board of Director for No-till on the Plains^{* *}Correspondence: Rick Bieber, Board of Director for No-till on the Plains, USA, Email:

Author info »

Agriculture, food, and aquaculture are an important source of national income for the emerging countries. The global food technology market enlarges drastically by 2022 the estimated growth of agriculture marketplace is over $250.43 billion. The global market for probiotic components and complements has reached $23.1 billion in 2012, $27.1 billion in 2013 and it may reach $36.7 billion in 2018. The managed food industries are also valued at over $2 trillion dollars internationally and comprise of over 400,000 businesses.

The world's third-largest economy has a humble portion of the international market of about $90 billion and is dwarfed by the US ($45 billion), Germany ($11 billion), France ($8 billion) and China ($7 billion). According to the Ministry of Agriculture, Forestry and Fishery, the rate of organic food is only 0.17%. Domestic organic yield is 48,596 ton, while introduced organic produce is 1,295,266 ton annually. Customers care about the safety of the products, and buy organic food only when the quality of the vegetables is excellent. This means that domestic organic yield only has 3.6% of the market. Domestic processed food is 187,455 ton, while imported organic processed food is 67,777 ton. Comparatively current innovations in seeds, chemicals and fertilizers have empowered agricultural producers to meet the ever-growing demands of a hungry world population. Even with the quick growths in agricultural productivity, contests for the agriculture industry to supply the growing global economy with sufficient supplies of agricultural clips are greater now than earlier.

Contact us:

Sahara Jose

Program manager | Crops Meet 2020

Email: meevents@memeetings.com

Ph.no: +1 201 380 5561