Overview of Agri-Food Tech Expo Asia 2024
Date & Venue
November 19-21, 2024
Venue: Sands Expo & Convention Centre, Singapore
About
The Agri-Food Tech Expo Asia (AFTEA) 2024 is a premier event dedicated to advancing sustainable and innovative solutions within the agri-food sector. Positioned as a flagship event under the Singapore International Agri-Food Week (SIAW), AFTEA provides a comprehensive platform for stakeholders, innovators, and industry experts to connect, collaborate, and address pressing challenges in food security, sustainability, and agricultural technology. With a central theme, "Into the Future of Food Sustainability and Security," this event is strategically designed to foster new ideas, promote sustainable practices, and facilitate partnerships across the agri-food technology ecosystem.
Industry Segments
Agri-tech, Food-tech, Supply Chain, Climate-Smart Agriculture, Alternative Proteins, Precision Farming, Robotics and Automation, Artificial Intelligence in Agri-Food, Food Safety and Quality.
Market Size & Overview of the Industry Segment
The global agri-food tech market is experiencing substantial growth, driven by the urgent need for sustainable food production methods and resilient food systems. With an estimated market size valued at over USD 22 billion in 2023, and a projected compound annual growth rate (CAGR) of 9% through 2028, the industry is undergoing rapid evolution. Key areas fueling this growth include precision farming, climate-smart agriculture, and alternative protein sources. In Asia, where food security concerns and resource challenges are pronounced, AFTEA 2024 emerges as a critical event for facilitating impactful advancements and sustainable solutions tailored to the region's unique needs.
Attendance & Participation
AFTEA 2024 anticipates a significant turnout, attracting over 8,000 attendees from more than 60 countries. Participants range from industry experts, business leaders, and policymakers to innovative startups and researchers. The event provides exhibitors with high-value engagement opportunities with potential partners, investors, and buyers across the global agri-food tech landscape.
Who Should Visit
AFTEA 2024 is an ideal event for professionals from diverse sectors, including:
- Agribusiness leaders and stakeholders
- Food industry executives and product developers
- Technology providers and innovators in agri-food tech
- Supply chain and logistics managers
- Policymakers and government agencies focused on food security
- Researchers, academicians, and students in agricultural sciences
- Investors and venture capitalists seeking emerging trends and opportunities in agri-food
Exhibitor Analysis of Agri-Food Tech Expo Asia 2024
Top 5 Major Exhibitors
- Avant Proteins Pte. Ltd.- Avant Proteins Pte. Ltd., operating under the brand Avant Meats, is a biotechnology company specializing in the development of cultivated fish and seafood products. Founded in 2018, Avant is recognized as the first cultivated meat company in Greater China and the first cultivated fish company in Asia. The company utilizes a proprietary biotechnology platform to produce fish proteins directly from fish cells, aiming to provide sustainable, traceable, and high-quality alternatives to traditional seafood. Avant's product offerings include cultivated fish fillets and fish maw, as well as Zellulin®, a cell-based functional protein ingredient for skincare applications.
- Spraying Systems Co. - Spraying Systems Co. is the world’s leading manufacturer of spray nozzles, offering a wide range of spray products used in multiple industries, including food and beverage. They provide customized spray solutions to optimize processes and sustainability.
- GRAIN INTERNATIONAL PTE. LTD. - GRAIN INTERNATIONAL PTE. LTD., established on March 7, 2019, is a Singapore-based company specializing in agrotechnology consultancy services and wholesale trade of a variety of goods without a dominant product. The company is headquartered at 102E Pasir Panjang Road, #08-02, Citilink Warehouse Complex, Singapore 118529. In January 2024, GRAIN International entered into a strategic partnership with the Association for Vertical Farming (AVF) to advance Controlled Environment Agriculture (CEA), crop protection, biosecurity, and biodiversity. This collaboration focuses on initiatives such as joint certification programs and the establishment of innovation centers in India to promote research and development in CEA.
- Qarbotech Sdn Bhd - Qarbotech Sdn Bhd, established in 2018, is a pioneering nanotechnology and agritech company based in Malaysia. The company specializes in manufacturing photosynthesis enhancers and providing innovative solutions to address food security challenges and climate change. Their flagship product, QarboGrow, is a groundbreaking photosynthesis enhancer developed using cutting-edge nanotechnology. This biocompatible organic compound, similar to chlorophyll, significantly boosts photosynthesis in plants, leading to increased yields, shortened crop cycles, and improved fruit quality. Qarbotech is committed to sustainable agriculture and eco-friendly farming practices, ensuring a healthier planet for future generations.
- The French Chamber of Commerce - The French Chamber of Commerce in Singapore (FCCS) supports French companies expanding in Singapore and the region, offering a range of services from networking to recruitment.
Participating Countries
- Total Participating Countries: 20
- Top 5 Participating Countries by Percentage:
- Singapore: 36%
- Japan: 13%
- Spain: 8%
- Taiwan: 7%
- Israel: 6%
Major Types of Companies
- Total Number of Company Types: 42
- Top 5 Company Types and Percentages:
- Technology Services: 60%
- Consulting Services: 41%
- Agritech: 10%
- Association: 6%
- Food Processing: 6%
Major Product Categories
- Total Number of Product Categories: 61
- Top 5 Product Categories and Percentages:
- Urban/Smart Farming: 33%
- Novel Food: 30%
- Sustainability & Resource Management: 20%
- Alternative Proteins & Sustainable Solutions: 17%
- Technological Solutions: 15%
Major Product Items
- Total Unique Product Items: 479
- Top 15 Products: Agricultural Consulting Services, Sustainability Consulting, Microbiological Testing, Industry Networking, Trade Fair Organization, Business Development, Food Product Development, Biotechnology Consulting Services, Food Safety Audits, Visa Services, Super Absorbent Polymers, 3D Cell Culturing, IoT Solutions.
Interesting Insights of Agri-Food Tech Expo Asia 2024
Exhibiting Countries of Top 5 Company Types
- Technology Services - Israel, Taiwan, Singapore, USA, Canada, Japan
- Consulting Services - Israel, Singapore, Taiwan, USA, Australia
- Agritech - Taiwan, Singapore, Australia, Japan, Malaysia
- Association - Singapore, Germany, Taiwan
- Food Processing - Spain, Singapore, Australia, Taiwan
Exhibiting Countries of Top 5 Product Categories
- Urban/Smart Farming - Singapore, Taiwan, Sweden, Australia, Japan
- Novel Food - Singapore, Israel, Spain, Sweden, Malaysia
- Sustainability & Resource Management - Taiwan, Australia, Singapore, Israel, Germany
- Novel Food, Alternative Proteins & Sustainable Solutions - Israel, Singapore, Sweden, Germany, Australia
- Technological Solutions - Singapore, Taiwan, USA, Australia
Exhibiting Countries of Top 10 Products
- Agricultural Consulting Services - Japan, China, Spain, Singapore, Malaysia
- Sustainability Consulting - Israel, Singapore, Hong Kong, Netherlands
- Microbiological Testing - Finland, Singapore
- Industry Networking - Singapore, Taiwan
- Trade Fair Organization - Germany, Spain
- Business Development - Sweden, Singapore
- Food Product Development - Japan, Singapore
- Biotechnology Consulting Services - Spain, Japan
- Food Safety Audits - Germany, Singapore
- Visa Services - Singapore, United Arab Emirates
Top 5 Exhibiting Countries
- Singapore
- Novel Food, Urban/Smart Farming, Closed Environment Agriculture
- Industry Networking, Microbiological Testing, Visa Services
- Technology Services, Consulting Services, Agritech, Food Processing
- Japan
- Novel Food, Urban/Smart Farming, Sustainability & Resource Management
- Agricultural Consulting Services, Super Absorbent Polymers
- Technology Services, Agritech, Food Processing
- Spain
- Novel Food, Urban/Smart Farming, Aeroponics, Hydroponics
- Legumeat® (plant-based meat alternatives), Buetick® - quick tests
- Food Processing, Food Manufacturing, Agritech
- Taiwan
- Technological Solutions, Internet of Things (IoT), Controlled Environment Systems
- SimuGro Smart Agriculture, 3D Cell Culturing
- Technology Services, Agritech, Consulting Services
- Israel
- Novel Food, Novel Food Technology, Alternative Proteins
- Sustainability Consulting, Maxells™ - 3D stem cell expansion
- Technology Services, Consulting Services, Agritech
Key Highlights of Agri-Food Tech Expo Asia 2024
Key Industry Segments
The Agri-Food Tech Expo Asia 2024 is centered around critical industry segments that drive innovation, sustainability, and resilience within the agri-food ecosystem. These include:
- Agri-Tech: Emphasizing precision farming, robotics, and automation to improve efficiency and resource management in agriculture.
- Food-Tech: Innovations focused on food safety, quality, and the development of novel foods that address global food security and health needs.
- Supply Chain Management: Advanced solutions for optimizing logistics, reducing food waste, and ensuring transparency from farm to consumer.
- Climate-Smart Agriculture: Techniques and technologies that enhance environmental sustainability, including climate-resilient crops and soil health solutions.
- Alternative Proteins and Cellular Agriculture: Development of sustainable protein sources such as plant-based and cell-cultured meats, which are gaining traction for their potential to meet rising global protein demands.
- Urban and Smart Farming: Technology-driven farming solutions, including vertical farming and hydroponics, which are essential for sustainable urban food production.
- Artificial Intelligence (AI) and IoT in Agriculture: AI-powered insights and IoT technologies used to optimize farming processes, improve crop yields, and manage resources more effectively.
Market Trends
The global agri-food tech sector is undergoing significant transformations driven by pressing challenges such as climate change, population growth, and the need for sustainable food production solutions. Key market trends shaping this industry include:
- Rise of Alternative Proteins: With consumer demand shifting towards healthier, environmentally friendly food sources, the market for alternative proteins is expanding rapidly. This trend includes advancements in plant-based proteins, cultured meat, and insect-based foods, aimed at reducing the environmental impact of traditional meat production.
- Smart Farming and Precision Agriculture: There is a growing reliance on AI, robotics, and data analytics to create precision farming systems that enhance crop yields while minimizing resource use. These smart farming solutions are crucial for efficient water, soil, and crop management, aligning with sustainable agriculture goals.
- Urban Agriculture and Vertical Farming: As urban populations increase, there is a surge in demand for solutions that make urban farming viable. Technologies like vertical farming, hydroponics, and closed-environment agriculture are allowing cities to produce fresh food locally, reducing dependency on distant supply chains and minimizing food miles.
- Sustainability and Climate Resilience: Climate-smart practices, such as drought-resistant crops and soil health technologies, are gaining attention as the agri-food sector works to adapt to changing climate conditions. These approaches not only improve crop resilience but also aim to reduce agriculture’s overall carbon footprint.
- Transparency and Food Safety: With consumers increasingly concerned about the origin and safety of their food, transparency in the supply chain has become paramount. Blockchain technology, IoT, and other tracking solutions are now being integrated to ensure food safety, traceability, and compliance with regulatory standards.
- Investments in Agri-Food Tech Startups: Venture capital and investments in agri-food tech startups are at an all-time high, with a strong interest in innovative solutions that address the challenges of food security and sustainability. Areas like biotech, AI in agriculture, and climate-resilient crops are attracting significant funding, positioning them for accelerated growth in the coming years.
These trends reflect a robust transformation in the agri-food industry, with technology and sustainability as the driving forces behind the shift towards a more resilient, transparent, and efficient food ecosystem.
Conclusion
Agri-Food Tech Expo Asia 2024 stands at the forefront of agri-food innovation, uniting global stakeholders to address the urgent challenges of food security and sustainability. By showcasing the latest in precision farming, climate-smart practices, and alternative proteins, this trade fair positions itself as a critical platform for advancing sustainable food systems in Asia and beyond. The insights and connections fostered here will pave the way for transformative solutions, empowering the agri-food sector to embrace a future of resilience, transparency, and technological progress.
