Agriculture is the Practice of farming that includes the process from cultivation of the soil to growing crops and rearing animals. Products obtained from agriculture, such as food, wool, and other products, are known as Agri products. Subsistence farming, Shifting Cultivation, Intensive farming, and Pastoralism are the four types of agriculture.
Sustainable, Healthy, and complete food systems are critical to achieving the world’s development goals. The development of agriculture is one of the practical tools for ending extreme poverty, boosting shared prosperity, and feeding the projected 9.7 billion people by 2050. Compared to other industries, growth in the agricultural sector is two to four times more successful at increasing incomes for the poorest people.
Agriculture, which contributes 4% of the world’s GDP and up to 25% in some least developed nations, is also essential to economic progress. However, there are risks to agriculture-driven growth, food security, and poverty reduction. Food systems are being impacted by multiple shocks, including disruptions caused by COVID-19, extreme weather, pests, and conflicts. As a result, food prices are rising, along with hunger. Millions more people are falling into extreme poverty due to the global food crisis brought on by the conflict in Ukraine. As part of a worldwide response to the food crisis, the World Bank is making up to $30 billion available.
Crop yields could fall even further as climate change accelerates, particularly in the world’s most food-insecure regions. About 25% of greenhouse gas emissions are attributed to agriculture, forestry, and land use change. The two broad categories of food and non-food processing can be used to group all agro-based enterprises. Perishable food items are preserved, and products are used for other things in the food processing business. They mainly consist of rice, wheat, maize, pulses, meat, fruits, and vegetables
Agro-service centers produce manufacturing units, processing units, and input manufacturing units are the four main categories of agro-based industries. They make up the majority of the sector. Just like the textile industry, food processing, dairy industry, sugar industry, vegetable oil industry, tea industry, the coffee industry, leather goods, bamboo industry, and jute industry.
Leading agro-based industries are Cargill, ADM, Bayer, John Deere, CNH Industrial, Syngenta, DuPont, Nutrien, Yara International, BASF, and Other Key Players.
Our Food and Beverage category segmentation encompasses:
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Food Services and Hospitality
Processed & Frozen Foods