Jun 8, 2021

Indian foodtech market set to excel despite pandemic

Food
India
KenResearch
agritech
Helen Adams
2 min
According to a new report from Ken Research, the Indian agritech market is expected to grow by up to 32% by FY25, despite the pandemic and political issues

In 2020, over $300m of investments were secured by agritech startups, which have been especially popular in the Indian agritech ecosystem. 

According to Ken Research, a research based management consulting company, the Indian Agritech market will grow 32% by FY25. 

The report notes that many agritech groups work inefficiently and there is work to be done, which will have to wait until after the worst of the pandemic has passed. 

 

India leads the world in one in four deaths reported worldwide each day - but agritech persists

There have been a total of 349,186 coronavirus-related deaths reported in India, since the pandemic began. COVID-19 infections are decreasing but the country counts one death in every four worldwide. 

Despite this devastation, according to India Agritech Market Outlook to FY’2025 by Nature of Services, a wide range of Indian business models are ready to get to work in Indian agriculture, owing to a series of factors:

  • Post-harvest losses of around $13 billion in agricultural value (yearly average) 
  • Supply chain inefficiencies
  • Wastage of over 40% of food even before it reaches the end consumer due to supply chain intermediaries. 

 

In the aftermath of the Indian farmers protest of 2020, the pandemic has forced many to review policies which were not working.

It is hoped that a fresh start following the pandemic will be an opportunity for 

Indian agriculture to transform with farmers rights and sustainability at the forefront of this new chapter. 

 

LEAF: India’s digital platforms are helping farmers

LEAF is an Indian organisation which undertakes research in:

  • Plant material
  • Landscape Design
  • Environmental Sustainability

 

Palat Vijayaraghavan, Founder and CEO of LEAF feels that his company is supporting India’s agritech community.

“Our digital platform is helping farmers take out the pain in all these steps for the farmers”, said Vijayaraghavan. “With our on-ground farmer support centres, the farmers can grow the best of the produce, sell the harvest through our centres, easily realise the value for their harvest and access the fruits of their harvest."

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Jun 11, 2021

SokoFresh's cold storage units will stop food waste in Kenya

Food
foodtech
kenya
SokoFresh
Helen Adams
2 min
Many smallholder farmers in Kenya lack access to cold storage facilities. The new pay-as-you-go storage units from SokoFresh will decrease food waste

A foodtech company in Kenya is using solar energy to help smallholder farmers keep harvested produce cool to prevent food waste.

SokoFresh is a member of The Circulars Accelerator, an initiative to help entrepreneurs scale innovations that will help the world move towards a circular economy – in which waste is eliminated and resources are used again and again.

 

New cold storage units to prevent food waste

Small-volume farmers who grow avocados, mangos and French beans in Kenya, are helping to test the model from SokoFresh, which manages mobile cold storage units, that run on 100% solar energy.

By paying a small amount (1 Kenyan shilling) per kilogram on a pay-as-you-go basis, farmers or produce buyers can affordably access cold storage, when they need it.

SokoFresh plans for 400 cold storage units, in five years, to boost income for 35,000 farmers.

 

Cold storage units will support Kenya’s farmers 

About 90% of Kenya’s agricultural produce comes from smallholders, who don’t have the kind of cold storage solutions available to large-scale producers. This means lots of produce perishes in outside temperatures after being harvested.

“More than 30% of all food produced in the world for human consumption gets lost or wasted”, said a representative from SokoFresh says. “Food loss in Africa occurs almost entirely in the production and distribution stages.”

Farmers using the model can earn up to 50% more on their harvest, while buyers receive more and better quality produce.

The cost of logistics is also reduced, because trucks are picking up full loads that have been stored in the cold storage units by multiple farmers.

Enviu, the Netherlands-based impact venture organization behind SokoFresh, hopes to have a network of 400 cold storage units in the next five years. This would help 35,000 farmers, creating 3,000 new jobs in rural areas and reducing greenhouse gas emissions.

 

Sokofresh supports UN Sustainable Goal 12

Around 14% of food is lost after harvest on farms and at the transport, storage, processing and wholesale stages, according to the Food and Agriculture Organization of the United Nations. This food has a value of more than $400b a year.

UN Secretary-General António Guterres last year described food loss and waste as an “ethical outrage.”

“In a world with enough food to feed all people, everywhere, 690 million people continue to go hungry and three billion cannot afford a healthy diet,” he said.

By 2030, UN member states have pledged to halve food waste and reduce food loss as part of Sustainable Development Goal 12.

SokoFresh is a part of the solution to food security and ending food waste.

 

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