DUBLIN, Jan. 12, 2022 /PRNewswire/ — 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 attain $22.88 billion in 2026, following a CAGR of 15.0% throughout the forecast interval 2021-2026.
The market progress is very impacted by rising consciousness about digital platforms amongst customers and suppliers and rising funding in the agri-food sector, particularly in the digital platforms.
Digital Agriculture Marketplace Market
Considering the rise in meals demand, innovation in the agriculture sector by expertise and digitalization have been observed as sensible options to tackle some 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 value transparency, and quicker entry to details about merchandise. Digital platforms in the agriculture sector have emerged to tackle all of the market wants.
Currently, the digital agriculture market is at an rising stage. The digital market seeks to deliver higher effectivity to the agri-food provide chain upstream and downstream of the farmer. Digital platform in agriculture helps to join growers and livestock reapers with sources reminiscent of equipment, financing, advertising and marketing, and gross sales. It additionally helps in the whole lot 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 improve in investments. Across the globe, a number of unicorns exist and observe huge quantities of funding, underlining the significance of tech-driven agriculture. Hence, it’s possible to witness digital agriculture marketplaces competing for world domination in the forecast yr as corporations develop past their home markets.
Market Segmentation
Global Digital Agriculture Marketplace Market by Business Channel
Digital agriculture market may be dealt with by numerous 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 biggest enterprise channel in the worldwide digital agriculture market market.
Leading digital market startups in the agriculture sector additionally provide numerous instruments and companies reminiscent of knowledge evaluation, software program instruments, algorithms, and value-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 totally free to entry the farmers’ crops in the digital agriculture market.
Global Digital Agriculture Marketplace Market by Product Type
A variety of product sorts is used in 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 consists of dairy merchandise, recent vegetables and fruit, meat and poultry, and seafood. Perishable meals are normally saved in the fridge. Nevertheless, some recent vegetables and fruit will hold fairly nicely out of the fridge if saved in a cool place.
Global Digital Agriculture Marketplace Market by Region
Asia-Pacific area is predicted to dominate the worldwide digital agriculture market market throughout the forecast interval. The excessive agricultural progress, together with the elevated emphasis on digitization in agriculture, is predicted to increase the event of the digital agriculture market in these areas.
India is a major participant in the Asia-Pacific digital agriculture market market. India is dominated by numerous 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 very best in the Asia-Pacific area, and India can grow to be an unlimited digital agriculture market market in the approaching years.
Key Market Players and Competition Synopsis
The corporations which are profiled in the report have been chosen primarily based on a selective pool of gamers, primarily Tier-1 (holds 50%-60% share of the market), mid-segment gamers (holds 30-40% share), and small and rising corporations (holds the remaining 10-20% share), primarily based on numerous elements reminiscent of product portfolio, annual revenues, market penetration, analysis and improvement initiatives, together with a home and worldwide presence in the worldwide 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 end-use merchandise by collaborating with numerous corporations providing modern and superior applied sciences, merchandise, and others.
Market Report Coverage – Digital Agriculture Marketplace
Market Segmentation
- 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
Market Challenges
- Lack of Digital Agricultural Knowledge
- Poor Access to Networks and Internet Connectivity
Market Opportunities
- Harnessing Technology to Enhance Usability
- Scope of Growth in Asia-Pacific Region
Key Companies Profiled
- Agrellus, Inc.
- Agri Marketplace
- Agrofy
- Agrostar
- COFCO International
- Cranswick PLC
- Crofarm Agriproducts Pvt. Ltd.
- DeHaat
- Diatoz Solutions
- Eden Farm
- Farmcrowdy
- Kaset Thai Hitech Co., Ltd.
- Ninjacart Platform (63Ideas Infolabs Pvt. Ltd.)
- Tanihub
- Twiga Foods Limited
- MeansCool Foods and Products Pvt Ltd.
For extra details about this report go to https://www.researchandmarkets.com/r/kcicex
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