Down growth of Agri Market Growth in Developed Economies: During1980s and 1990s, there was a distinct change in the arrangements and degree of the international business perception about the agrifoods systems in the developing countries. If one analyzes the trend of world economy and social structure, from the middle of 1970s, per capita food feeding of staples in the developed countries was close to its saturation point. As a result the general growth underwentthe clumsy effects of the end of the baby boom. As a result, there was an indifferent concentration in the agribusiness market and the market formed an oligopoly situation where a handful of companies started to take control of a large proportion of the market.
This continuous slow growth of food purchases in different developed nations was partially increased by some of key development of the world food market in the 20th century. Earlier the demand of agrifoods was there throughout the year in various parts of the world mainly in the developed countries where the opportunity of harvesting was very limited. Wilkinson in his review has mentioned that, the invention of growing numbers of crude specific variations in affected the sale of homogeneous commodities. This situation has led to a propagation of managed food products, and vast segmentation of markets.
(Wilkinson, 2) Apart from the vast segmentation of the market, there was a new trend of “non-traditional exports”—particularly in the section of seafood, fruits, and vegetables, throughout the year from the developing countries to metropolitan markets. This new trend also affected the market of agrifoods all over the world as there were a number of alterations available for the people across the globe.
There was also transformed consideration towards the potential existence of the domestic markets of in various developing nations, where increasing demographic growth rates and fastprocess of development were creating an ideal opportunities for various food establishments to counterbalancethe slow growth rate of the developed country markets. As a matter of fact, as Wilkinson mentioned in his review, for a longer periods of time, the Latin American countries were the key center of investments focused to national markets within the boundary. But with the continuous development in demographics and economies as well as in the field of science and technology, currently a larger proportion of theconsideration was being readdressed towards Asia where number of developing nations is in verge of sustaining high growth rates.
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