How to increase the global food supply

A growing demand for more and better food, combined with supply constraints, are creating an immediate multi-billion-dollar opportunity for innovation and investment in agricultural technology.

The need is great and rising: Population growth and rising incomes are driving what is expected to be an exponential increase in global food requirements. As the world’s population approaches 10 billion by 2050, demand for agricultural output will rise by roughly 50% from 2013 levels.¹

Desire, too, is increasing. As people’s income levels rise in many parts of the world, they want more and better quality food and more protein. Meat production is expected to double by 2050. Yet producing beef requires 20 times more land, and emits 20 times more greenhouse gases per unit of edible protein, than growing plants does. If cows were a country, they’d already be the third-largest greenhouse gas-emitting nation.²

In fact, sustainably meeting the demand for more food is one of the greatest challenges of this century.

_Footnotes:

_{1 “The Future of Food and Agriculture: Trends and Challenges, Food and Agriculture Organization of the United Nations, 2019.} 

_{2 Ibid 1; “What’s after what’s next? The upside of disruption: Megatrends shaping 2018 and beyond,” EY, 2018.}

_{3 “Clarity From Above: PwC Report on the Commercial Applications of Drone Technology,” PwC, May 2016.}

_{4 “Agfunder Agrifood Tech Funding Report: Year Review,” AgFunder, 2018.}

_{5 Decker Walker, Torsten Kurth, Jonathan Van Wyck and Melissa Tilney,”Lessons from the Frontlines of the Agtech Revolution,” BCG, October 2016.}

_{6 BCG, 2016.}

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