AGRITECH MARKET IN CHINA
Did you know that the smart agriculture industry in China, the world’s largest food producer, is already worth more than US$26 billion? The union between technology and agriculture isn’t exactly new, but it has been reaching never before seen heights.
Find out how agricultural transformations have impacted China’s economy and the country’s technological innovation ecosystem!
- Agritech’s contribution to the Chinese GDP
- Investments made in the segment
- China’s biggest Agri(food)tech startups
- How Vertical Farming works
- And much more!
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China’s plant-based food market will be worth more than US$25 billion until 2025
Investments in Chinese agritech startups grew more than 95% between 2015 and 2025
China invested more than US$450 billion to modernize its economy
In China, the central government actively contributes to the development of smart agriculture. Besides that, big tech enterprises’ participation is also a key factor in the country’s agricultural advances.
From drones to vertical farming, agritech enterprises and startups, such as FJ Dynamics and Sananbio, stand out the most. The same can be said about its artificial meat and plant-based food market, one of its most promising industries.
In 2020, the global vertical farming market was valued at US$3 billion. Until 2027, it is expected to grow to US$10,4 billion and China shall concentrate at least 25% of this share.
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