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Dynamax, AquaSpy, Capilix Are Top Companies for Water Savings in Food Production
As the food industry focuses on water savings for sustained growth, Lux Research rates 39 companies with technologies that can help
BOSTON, MA – October 24, 2012 – With world food prices soaring 70% in just ten years, the $4 trillion food and beverage industry, from farm to market shelf, faces enormous pressure to grow capacity for a hungry world in the face of enormous water and environmental risk. With manufacturers hitting practical limits in their water efficiency, the industry is looking farther upstream to control its massive water risk, according to a report by Lux Research.
“The food industry accounts for nearly a quarter of all water withdrawn worldwide, and the vast majority of that is for agriculture,” said Brent Giles, Lux Research Senior Analyst and the lead author of the report titled, “Farm to Factory: Technology in Reducing Water Risk in the Food and Beverage Industry.”
“Rising real wealth, growing at 5% worldwide, is accelerating consumer demand for water-intensive and processed foods at the same time climate change threatens traditional growing and processing practices. Even major supermarkets are now demanding to know whether the food they sell is sustainable. The industry is far from delivering a reassuring answer. We will see massive increases in resource-efficient agriculture in underdeveloped areas of Eastern Europe and Africa, and a significant rise in local greenhouse farming for high value crops. All of this will require widespread deployment of technologies that are currently being tested in the highest value markets,” he added.
Lux Research ranked 39 technology developers with the potential to transform the space on the Lux Innovation Grid based on their Technical Value and Business Execution – companies that are strong on both axes reach the “Dominant” quadrant – and also assessed each company’s maturity, and provided an overall Lux Take. Among their findings:
The report, titled “Farm to Factory: Technology in Reducing Water Risk in the Food and Beverage Industry,” is part of the Lux Research Water Intelligence service.
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Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.