Market Leaders: Nestle SA Invested in Nescafe Plan 2030 to Reduce Greenhouse Gas Emissions, Improve Farmers Livelihoods, and Promote Regenerative Agriculture Market
The global regenerative agriculture market size is estimated to be valued at USD 8.7 billion in 2022. It is anticipated to reach USD 16.8 billion by 2027, recording a CAGR of 14.0% in value. Regenerative agriculture aims to increase farmer livelihoods, produce enough nutrient-dense food for the world's population, help mitigate climate change by storing carbon in soil and lowering greenhouse gas emissions, restore threatened biodiversity, enhance natural habitats, as well as prevent further deforestation and grassland conversion.
Key players operating in this market include Nestle SA (Switzerland), Danone SA (France), General Mills, Inc (US), Cargill Incorporated (US), Unilever PLC (United Kingdom), Grounded (South Africa), Soil Capital Belgium SPRL (Belgium), La Delia Verde (Argentina), Indigo Ag, Inc (US), Renature (Netherlands), and Pivot Bio (US). The key players are fixated on improving their market shares, while many new start-ups are emerging rapidly in the market.
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General Mills was known for its flour mill for more than 150 years and is no longer just associated with food. The company is now also working towards other segments, namely, people, planet, and community. The company is working towards a healthier planet which includes climate change, regenerative agriculture, water, packaging, food wastes, and pesticides. In June 2022, General Mills partnered up with Regrow Agriculture to monitor agricultural practices and their environmental impacts across 175 million acres of farmland in North America, Latin America, and Europe. Regrow Agriculture is also supporting General Mills’ commitment towards regenerative agriculture on 1 million acres of farmland by 2030. To help farmers, the company has one-on-one technical support across 45 farms equating to around 50,000 acres, and coaching to 24 farmers in Kansas to transform towards regenerative agriculture catering to 17,000 acres.
Indigo Ag, Inc. has developed an integrated business platform that enables farmers and other ag industry participants to adopt and profit from sustainability opportunities. In October 2022, Indigo AG, Inc. announced that an additional seven carbon farming collaborators had joined the effort to help farmers access this new sustainability-focused revenue stream. This has helped the company to bring the total number of acres working to generate the industry’s highest-quality credits with Indigo to over 5.5 million. The company has a total of 5 million acres of land enrolled in its carbon credit program, with more than 2000 farmers participating. The firm is in partnership with more than 300 commercial partners. It offers 25 commercial products in 9 different countries.
Nestle SA is one of the world's leading food and beverage companies. The company has adopted an approach that will always seek to put farmers at the center by supporting solutions that are right for their regions and crops. It is a holistic model that considers soil as a nexus to protect and restore the land. In September 2021, Nestle SA announced to plan to invest approximately USD 1.3 billion over the next five years to help its farmers and suppliers transition use of regenerative agriculture practices. Nestle will use its network of R&D personnel and agronomists to develop environmentally friendly crops and production practices. The company has 500+ sourcing specialists, and more than 4,500 support staff are assisting with the transition.
Related Reports:
Regenerative Agriculture Market by Practice (Aquaculture, Agroecology, Agroforestry, Biochar & Terra Preta, Holistically Managed Grazing, No-Till & Pasture Cropping, Silvopasture), Application and Region - Global Forecast to 2027
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