Welcome to the future of food

Global population growth over the next few decades will force a rethink of the world's current food system – from planting and harvesting to delivery; from resource management to plant-based meat.

About 2 billion extra people will live on the planet by 2050 – up from just under eight billion today – and global demand for food is expected to increase roughly 60%, according to the United Nations . At the same time, roughly one billion people will enter the middle class.

While growing food sustainably to meet this demand will be one of the greatest challenges we will face, the good news is that we are on the cusp of a new agricultural revolution, says UBS Global Wealth Management Chief Investment Office (CIO) in a special report.

The way we farm, ship, and consume food will be driven by five mega-trends, UBS' Chief Investment Office says: 1) The political economy under scarcity; 2) the new-age consumer; 3) health and wellness; 4) digital catch-up; and 5) sustainable living.

At the same time, technology should not be viewed as the "enemy" of natural, abundant and affordable food. Raising agricultural productivity, safeguarding environmental health, and satisfying evolving consumer preferences can be achieved by applying new technologies.

Examples: biological solutions with improved environmental safety and completely new approaches that improve yield as well as increase natural plant resistance to diseases and pests; vertical farming, lab-grown food, algae aquaculture, and the components of the Fourth Industrial Revolution (big data, Internet of Things, artificial intelligence) that are being integrated throughout the agriculture supply chain.

ⁱ United Nations, June 2019

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