(LF.2) Zero Hunger

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 2: End hunger, achieve food security and improved nutrition and promote sustainable agriculture.

• [New] A cumulative investment of USD 800 billion until 2030 would be required in Asia and the Pacific region for digital transformation of the food and agriculture sector, implying annual investment of USD 290 billion until 2030.
• Our global population is expected to grow even higher in the coming years, placing increased pressure on healthcare services, education, agriculture, traffic management, resources and the environment.
• Using AI applications across four sectors (agriculture, water, energy and transport) could reduce greenhouse gas emissions by 4% in 2030 and contribute up to $5.2 trillion to the global economy.
• Data from the US Department of Agriculture showed global palm oil output rose by 3.5 million tonnes in the 2018-2019 marketing year, but is only forecast to grow by 1.9 million tonnes in 2019-2020.
• The UK National Farmers Union recently published its plan to bring the climate-heating emissions from agriculture to net-zero by 2040.
• The recent developments within cellular agriculture and the alternative protein space will play a major role in feeding the world's growing population as it approaches 10 billion people by 2050.
• Over the past year, the United States Department of Agriculture (USDA) has proposed a series of regulatory changes that could significantly alter eligibility and benefits for millions of households.
• Most recently, the United Nations recognized that a profound change of the global food and agriculture system is needed to nourish today's 795 million hungry and the additional 2 billion increase in global population expected by 2050.
• Investments in the next fiscal cycle will have an impact on Europe's level of greenhouse gas emissions in the medium to long term.
• In the next 10 years, the digital transformation initiatives will radically alter manufacturing, energy, agriculture, transportation and other industrial sectors of the economy, which together, account for nearly two-thirds of the global gross domestic product.
• The global population is expected to grow even higher in the coming years, placing increased pressure on healthcare services, education, agriculture, traffic management, resources and the environment.
• The artificial intelligence (AI) in agriculture market was valued at USD 432.2 Million in 2016 and is expected to be valued at USD 2,628.5 Million by 2025, at a CAGR of 22.5% during the forecast period.
• The global Artificial Intelligence (AI) in Agriculture market size was US$330 million and it is expected to reach US$1550 million by the end of 2025, with a CAGR of 25.0% during 2019-2025.
• With the global population expected to reach 9.8 billion by 2050, the greatest pressure will likely be experienced in the world's tropical zone which is home to half the world's population, including more than half of its young people, and many of its fastest growing economies.
• United States is the largest consumption country of Artificial Intelligence (AI) in Agriculture in the world in the past few years and it will keep the leader position in the next few years.
• Even the most pessimistic predictions by the International Panel on Climate Change (IPCC) and the UN's Food and Agriculture Organization over the next 50 years do not forecast an increase in worldwide food insecurity.
• The global Artificial Intelligence (AI) in Agriculture market size is expected to reach US$1550 million by the end of 2025.
• One-third of the global meat supply will be provided by alternative meat technologies within 10 years, seriously disrupting traditional agriculture and creating a new industry around alternative meat proteins.
• The global market for agricultural robots will grow from $1.01 billion in 2016 to $5.7 billion in 2024, experiencing a compound annual growth rate of 24.1%.
• WFP activities supporting the achievement of food security are projected to increase by USD50 million in 2020 and comprise 6 percent of total operational requirements.
• Food and agriculture comprise about 10% of the global GDP, meaning that, food and agriculture would be valued at about $8 trillion globally based on the projected global GDP of $88 trillion for 2019.
• With the Food and Agriculture Organization of the United Nations (FAO) estimating that the demand for meat will increase by 70% by 2050, emissions from animal agriculture will also increase.

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Last updated: 17 February 2020