DUBLIN–(BUSINESS WIRE)–The “Global Digital Agriculture Marketplace Market: Focus on Business Channel, Product Type and Country-Wise Analysis – Analysis and Forecast, 2020-2026” report has been added to ResearchAndMarkets.com’s providing.
The world digital agriculture market market was valued at $10.00 billion in 2020 and is projected to achieve $22.88 billion in 2026, following a CAGR of 15.0% in the course of the forecast interval 2021-2026.
The market development is extremely impacted by rising consciousness about digital platforms amongst shoppers and suppliers and rising funding within the agri-meals sector, particularly within the digital platforms.
How This Report Can Add Value
Market by Product: Analysis and Forecast: The section offers a short overview of the product portfolio of various corporations and the market presence of varied merchandise present out there.
For occasion, in February 2021, Clover invested $2 million in launching a brand new model, “Deep Rooted Co” for promoting packaged fruits and greens on to shoppers.
In October 2019, Ceres Imaging launched a further product often called “Specialty Crop Analytics Suite” on its platform to facilitate farmers with figuring out weak areas of their crops by monitoring adjustments of cover cowl and different elements.
Market by Business Channel: Analysis and Forecast: The section offers a short overview of the market standing of the totally different enterprise channels of the digital agriculture market and key gamers providing merchandise utilizing enterprise channels.
B2B is anticipated to guide the market by way of the enterprise channel. B2B marketplaces are rising in varied verticals inside the agriculture sector. B2B marketplaces within the agriculture business are the majored by each metric. It has raised essentially the most capital, transact essentially the most gross merchandise worth (GMV), and has a dominant presence on most continents.
Digital Agriculture Marketplace Market
Considering the rise in meals demand, innovation within the agriculture sector by means of know-how and digitalization have been seen as sensible options to handle a few of the challenges dealing with the worldwide meals system.
Various agricultural sector suppliers are pursuing extra glorious distribution and entry to the regional or world provide chain. Also, the shoppers demand meals traceability, higher worth transparency, and sooner entry to details about merchandise. Digital platforms within the agriculture sector have emerged to handle all of the market wants.
Currently, the digital agriculture market is at an rising stage. The digital market seeks to convey better effectivity to the agri-meals provide chain upstream and downstream of the farmer. Digital platform in agriculture helps to attach growers and livestock reapers with assets reminiscent of equipment, financing, advertising, and gross sales. It additionally helps in all the pieces from shopping for seeds and providing money advances to farmers to managing distribution and logistics, amongst others.
As the digital agriculture market is rising, this sector is witnessing a pointy enhance in investments. Across the globe, a number of unicorns exist and observe huge quantities of funding, underlining the significance of tech-pushed agriculture. Hence, it’s prone to witness digital agriculture marketplaces competing for world domination within the forecast 12 months as corporations develop past their home markets.
Global Digital Agriculture Marketplace Market by Business Channel
Digital agriculture market could be dealt with by varied enterprise channels, reminiscent of Business-to-Business (B2B) and Business-to-Consumer (B2C). B2B commerce operates between corporations as an alternative of an organization and the tip consumer. The B2B section is the most important enterprise channel within the world digital agriculture market market.
Leading digital market startups within the agriculture sector additionally provide varied instruments and companies reminiscent of information evaluation, software program instruments, algorithms, and worth-added companies for logistics and buying seeds and fertilizer, amongst others for farmers.
All these instruments and companies in B2B assist the farmers improve crop productiveness and cultivation. B2B helps present instruments and companies without spending a dime to entry the farmers’ crops within the digital agriculture market.
Global Digital Agriculture Marketplace Market by Product Type
A variety of product varieties is used within the digital agriculture market, together with perishables, non-perishables, Agri uncooked supplies, and others.
The perishables are dominating the worldwide digital agriculture market market. Perishable meals contains dairy merchandise, recent fruits and greens, meat and poultry, and seafood. Perishable meals are normally saved within the fridge. Nevertheless, some recent fruits and greens will maintain fairly properly out of the fridge if saved in a cool place.
Global Digital Agriculture Marketplace Market by Region
Asia-Pacific area is anticipated to dominate the worldwide digital agriculture market market in the course of the forecast interval. The excessive agricultural development, together with the elevated emphasis on digitization in agriculture, is anticipated to spice up the event of the digital agriculture market in these areas.
India is a major participant within the Asia-Pacific digital agriculture market market. India is dominated by varied gamers of the digital agriculture market, together with Ninjacart Platform (63Ideas Infolabs Pvt. Ltd.), Diatoz Solutions, Agrostar, DeHaat, amongst others.
According to the Indian Brand Equity Foundation, agriculture is the first supply of livelihood for about 58% of India’s inhabitants. The agriculture gross sales are the best within the Asia-Pacific area, and India can grow to be an enormous digital agriculture market market within the coming years.
Key Market Players and Competition Synopsis
The corporations which can be profiled within the report have been chosen primarily based on a selective pool of gamers, primarily Tier-1 (holds 50%-60% share of the market), mid-section gamers (holds 30-40% share), and small and rising corporations (holds the remaining 10-20% share), primarily based on varied elements reminiscent of product portfolio, annual revenues, market penetration, analysis and improvement initiatives, together with a home and worldwide presence within the world digital agriculture market market.
Companies reminiscent of Twiga Foods Limited, COFCO International, Cranswick PLC, Crofarm Agriproduct Pvt. Ltd., Tanihub, Eden Farm, MeansCool Foods and Products Pvt Ltd., Agrofy, Kaset Thai Hitech Co., Ltd., Agri Marketplace, amongst others, are growing finish-use merchandise by collaborating with varied corporations providing modern and superior applied sciences, merchandise, and others.
Market Report Coverage – Digital Agriculture Marketplace
- Business Channel: Business-to-Business (B2B), Business-to-Consumer (B2C)
- Product Type: Perishables, Non-Perishables, Agri Raw Materials, Others
Market Growth Drivers
- Scope of Global Expansion of Customer Base
- Increasing Investments in Agribusiness Marketplace
- Increasing Government Initiatives
- Lack of Digital Agricultural Knowledge
- Poor Access to Networks and Internet Connectivity
- Harnessing Technology to Enhance Usability
- Scope of Growth in Asia-Pacific Region
Key Companies Profiled
- Agrellus, Inc.
- Agri Marketplace
- COFCO International
- Cranswick PLC
- Crofarm Agriproducts Pvt. Ltd.
- Diatoz Solutions
- Eden Farm
- Kaset Thai Hitech Co., Ltd.
- Ninjacart Platform (63Ideas Infolabs Pvt. Ltd.)
- Twiga Foods Limited
- MeansCool Foods and Products Pvt Ltd.
For extra details about this report go to https://www.researchandmarkets.com/r/ir5yiq
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