$400 Bn
Market Size
5-7%
CAGR
$580 Bn
Forecast
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Empower Africa's farmers with modern technology to increase yields and efficiency. Invest in cultivating a brighter future! Be part of the companies providing the tools and equipment that empower Africa's agricultural sector.
Empower Africa's farmers with modern technology to increase yields and efficiency. Invest in cultivating a brighter future! Be part of the companies providing the tools and equipment that empower Africa's agricultural sector.
$400 Bn
Market Size
5-7%
CAGR
$580 Bn
Forecast
Africa's agricultural sector is primed for a surge, valued at a projected USD 800 billion by 2030. Yet, only 20% of its arable land is mechanized, presenting a golden opportunity for foreign investors in agriculture machinery. Rising incomes, population growth, and urbanization are fueling demand for tractors, harvesters, planters, irrigation systems, and even post-harvest machinery.
Early movers can establish themselves in this high-growth market with a young and growing customer base. Local production can further enhance your competitiveness by reducing import costs and offering better after-sales support. Don't forget the potential of by-product markets – spare parts, maintenance services, and training programs can provide recurring revenue streams and solidify your presence in this burgeoning African agricultural landscape.
July 8, 2024
Invest in Agro-Processing Sector in Africa & Profit From a Booming Agrifood Business Market
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Copyright © Arise IIP, 2024
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