Feeding the world in 2030: Can innovation and technology keep up with growth?
Booming population growth and commodity prices demand new models for food companies.
With the global population exploding, weather patterns in flux and commodity prices racing up, food companies will need to adapt to new models to survive—and thrive—in the next decade.
The world population reached 7 billion in 2012, and developing economies grew at a torrid 6.3 percent annually between 2000 and 2010. The most obvious impact of this increase in worldwide wealth has been the growth of a global middle class. In 2000, China had just 3 million households with disposable income over $10,000. It now has nearly 60 million such households, and will have 230 million by 2020.