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Regenerative Agriculture Market Size By Practice (Aquaculture, Agroecology, Agroforestry, Silvopasture & More), By Application (Carbon Sequestration, Nutrient Cycling, Biodiversity), COVID-19 Impact Analysis, Regional Outlook, 2023 - 2032
- Report ID: GMI5461
Regenerative Agriculture Market size crossed USD 8.5 billion in 2022 and is estimated to expand at a CAGR of 14% between 2023 and 2032. This rise is due to the willingness of farmers and consumers to embrace creative & regenerative solutions for a better future as well as the rising global demand for environmentally friendly and sustainable farming practices.
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The growing awareness about the advantages of this method is the primary cause of regenerative agriculture market growth. Regenerative farming techniques improve soil health, boost water retention, and promote biodiversity as they prioritize the health & wellbeing of the soil, environment, and people involved in the process. Moreover, this strategy lessens the need for chemical inputs, which is beneficial for health.
Asia Pacific regenerative agriculture market is set to grow rapidly through 2032, owing to vast agricultural land and a large population engaged in low-budget farming. Furthermore, rising government initiatives to promote innovative agricultural techniques combined with increased awareness about soil improvement are projected to create lucrative opportunities for industry growth.
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The above figure illustrates the contribution of agriculture, forestry, and fishing industry to the world GDP. An increase in agricultural productivity is becoming essential to ensure a sufficient & sustainable global food supply as the world population and the demand for food & agricultural practices are growing. Farms are becoming connected, intelligent, as well as more productive utilizing the most recent technological advancements. The most important agricultural trends are slated to be smart farming and agri-robotic solutions. Such solutions support farmers in enhancing the operational effectiveness and the use of sustainable resources. The demand for techniques, such as vertical farming, will rise significantly to maximize the vertical space and lessen the requirements for agricultural land. In the agriculture market, organic farming is a unique niche sector that has grown in favor of both farmers and customers.
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The rapidly growing global population and disposable incomes are increasing the demand for food. Farmers around the globe must enhance their crop production to provide food for the growing population; hence, they are undertaking efforts to increase their production and reduce crop damage.
The regenerative agriculture market from practice segment is anticipated to grow at the highest CAGR till 2032. Regenerative agroforestry is a resilient & sustainable farming method that can solve climate problem. This novel farming approach improves food security for the growing population by protecting biodiversity, restoring the environment, and enabling commercially viable output. It is an environmentally friendly approach that may be applied anywhere in the world.
By application, biodiversity segment will gain remarkable momentum during the forecast timeline. The increase in biodiversity is facilitated by a number of regenerative farming strategies including buffer strip planting, cover crop planting, and no-tillage.
North America held the largest regenerative agriculture market share as growing companies supported sustainable agriculture. For instance, in December 2020, Danone North America, a food & beverage company with a diversified range of dairy and plant-based practices, expanded its regenerative farming programs.
Some of the leading companies involved in the regenerative agriculture market include Nestle SA (Switzerland), Danone SA (France), General Mills, Inc (U.S.), Cargill Incorporated (U.S.), Unilever PLC (UK), Grounded (South Africa), Soil Capital Belgium SPRL (Belgium), Indigo Ag, Inc (U.S.), and Serenity Kids (U.S.). These companies are investing in research & development activities and continuously taking strategic initiatives such as new practice launches to strengthen their market position.
For instance, in October 2022, Nestle SA (Switzerland) launched NESCAFÉ Plan 2030 to drive regenerative agriculture, reduce greenhouse gas emissions, and improve farmers' livelihoods. The brand is investing over one billion Swiss francs by 2030 in the NESCAFÉ Plan 2030. This investment builds on the existing NESCAFÉ Plan as the brand expands its sustainability work. It is supported by Nestlé's regenerative agriculture financing following the Group's commitment to accelerate the transition to a regenerative food system and ambition to achieve zero net greenhouse gas emissions.
- In June 2022, General Mills (U.S.) partnered with Regrow Agriculture (Australia) to monitor agricultural practices and its environmental impacts across 175 million acres of farmland in North America, Latin America, and Europe. Regrow Agriculture is also supporting General Mills' commitment toward regenerative agriculture on one million acres of farmland by 2030.
- In February 2022, Indigo AG, Inc. (U.S.) announced a partnership with Landus Cooperative (U.S.) to develop Market+ Merchandise that helps streamline grain merchandising.