ANALYSIS OF DEVELOPMENT TREND IN INTERNATIONAL AGRI-FOOD MARKETS
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.2, No. 78)Publication Date: 2023-10-31
Authors : Zhu Lin; Brychko Alina;
Page : 16-20
Keywords : agri-food market; development trend; consumer demand; technological innovation; analysis;
Abstract
The international agri-food market, as an integral component of the global food supply chain, has been continuously evolving and adjusting to meet the ever-growing global food demand. This work aims to combine the current state of development in the agri-food market with an analysis of its developmental trends, in order to assist decision-makers, agri-food professionals, and investors in gaining a better understanding of the dynamics within the agri-food market. The study reveals that the global trade volume of agri-food products has gradually increased in recent years, with the proportion of agri-food trade within the global total trade remaining relatively stable. In comparison to other sectors such as fuel and mineral products and manufacturing industries, the agri-food sector exhibits greater stability in trade growth. Consumer demand for agri-food products is evolving towards greater diversity, sustainability, and nutritional value, with a shift towards healthier dietary choices representing a major lifestyle trend. Technological innovations at various stages of agri-food production and distribution have played a pivotal role in enhancing production efficiency and quality while reducing production costs. Simultaneously, these innovations have provided consumers with more diversified choices. To maintain competitiveness, the agri-food market needs to proactively adapt to the ever-changing external environment, continuously engage in technological innovation, and provide stable product support for global sustainability development.
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