By the end of 2013 the food security technologies market has been forecast to reach a value of approximately $404.3 billion, having developed as a result of rising concerns regarding food security issues around the world in the face of a constantly increasing global population.
Key factors set to drive growth within the food security technologies market include a constantly rising population, and as a result, rising demand for food; land scarcity; environmental concerns; malnutrition and other illnesses associated with insufficient diets, especially in developing countries.
The food security technologies market can be defined as a market where technologies such as agricultural biotechnologies, nanotechnologies, micro irrigation, fertilisers, chemical tools, and other technologies with applications to the food sector, are able to achieve a state when food systems operate such that all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life.
Food security technologies can help to produce enough food for the global population and provide access to food to the people around the world.
These technologies not only have to ensure a balance between food availability and safety requirements, but also to tackle the famine, seasonal or chronic under-nutrition, micro-nutrient deficiencies and nutrient-depleting illnesses, especially in the least developed countries of Africa and Asia.
Prospects for advances in the food security technologies industry are strong, and from 2013 the sector holds many opportunities for revenue growth.
For more information on the food security technologies market, see the latest research: Food Security Technologies Market
Follow us on Twitter @CandMResearch
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.