America 2.0 Explained: The Food Revolution
A resource we all need to survive, and an industry that’s ripe for America 2.0 innovation!
With the rising demand for better quality food products farmed and grown faster than ever before, the farming and agriculture industry needs to ensure the continued and solid production of food in America 2.0.
Plus, the alternative food sector is growing in popularity, which has incredible America 2.0 potential.
And that’s where the food revolution comes in!
What Is the Food Revolution?
The food revolution is an all-encompassing term that refers to all of the incredible innovations coming to the global agriculture market.
First, there’s the innovations coming for the precision agriculture industry.
According to Research and Markets:
Precision agriculture is considered to be an advanced technological change in the farming sector, adapted to improve crop yield and reduce labor shortage to meet the global food demand. The advanced technology and techniques enable the farmers to optimize the usage of resources, such as fertilizers, seeds, water and pesticides.
Precision agriculture will use new America 2.0 technologies such as farming robots like Crinklaw Farm Services’ GUSS, drones, soil sensors, satellites and mobile radio antennas to upgrade the way crops are tended.
Then there’s vertical farming, which helps in growing plants in an air/mist environment without soil and minimal water.
Vertical farming is gaining attention, as it requires 90% less water compared to other hydroponic systems.
This technology also requires less space compared to conventional farming techniques and does not require pest control activities since there is no soil, which in turn cuts down on labor costs.
In fact, outdoor vertical farming currently holds over 25% share in the farming industry, and that footprint is only growing.
Plus, there are more and more companies going public that make up the alternative food production market.
This includes companies creating plant-based alternatives to beef and chicken and others producing alternatives to dairy products from plants like oats, almonds and cashews.
And with all of the innovations in food production and alternatives to milk and meat, Paul believes the future of food is in America 2.0 technologies being developed and embraced right now!
What’s Driving the Food Revolution?
The food revolution is driven by many factors across all of the mega trends that make up America 2.0. A few examples include:
- Robotics: The food revolution would not be possible without the current leap in agricultural robotics technology. Take GUSS, or Global Unmanned Spray System, the world’s first autonomous robotic orchard sprayer. With robots and automated systems taking the place of human labor, agricultural duties can be completed in record time, leading to a faster production cycle and more food distribution.
- Artificial Intelligence (AI): AI is a branch of computer science that aims to build machines that can “think” in ways that mirror — but go far beyond — the natural intelligence of humans. According to ITRex Group, AI applications in agriculture tend to focus on one or more of four primary goals: Yield improvement, cost reduction, profit increase and alignment with sustainable farming practices.
- Cloud Computing: Just as robotics and AI are driving forces for the food revolution, cloud computing is equally as important. By definition, cloud computing is the practice of using a network of remote servers hosted on the Internet to store, manage and process data rather than a local server or a personal computer. Cloud computing can be used to monitor the supply chain and can be used to keep accurate notes on food freshness and quality before it even reaches consumers, according to SpecPage.com.
- Millennials: The younger generations are leading the way for alternative food sources that reduce our carbon footprint. In the food revolution, both dairy and meat plant-based alternatives are forecast to grow through 2024, driven almost entirely by millennials and gen z, who are selecting these products as a means of achieving better health and their interest in sustainability and animal welfare, according to The NPD Group.
All these examples and more are driving the food revolution toward the future of America 2.0 and the next phase of farming and food distribution as we know it!
What Are the Food Revolution’s Global Market Projections?
According to One.org, by 2030, the global demand for food is expected to rise by 35%:
But thanks to the food revolution, America 2.0 is poised to meet that demand, as the growth of the global precision agriculture market is accelerating.
The precision agriculture market — and by extension, the food revolution — is projected to more than double in size by 2025.
Valued at $5.1 billion in 2019, this market is expected to reach $11.2 billion in the next four years. That’s an increase of 119%, and growing at a nearly 14% compound annual growth rate:
To learn more about how the food revolution and other mega trends fueling America 2.0 will transform modern life and where the best investment opportunities lie,click here.