The Latin America Agritech Market is expected to be valued at USD 10.4 Billion by 2033

Latin America Agritech Market Overview

​Market Size in 2024: USD 2.2 Billion

Market Forecast in 2033: USD 10.4 Billion

Market Growth Rate 2025-2033: 17.60%

The Latin America agritech market size reached USD 2.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 10.4 Billion by ​2033​, exhibiting a growth rate (CAGR) of 17.60%​​​​​​​ during 2025-2033.

Latin America Agritech Market Trends and Drivers:

The area is adopting technology. This includes satellite TV imaging, data-driven irrigation, and IoT devices. These tools help modernize traditional farming methods. More farmers are using smart tools. They check crop health, predict yields, and manage resources better. This growing use of virtual farming boosts output while reducing environmental impact.

Precision agriculture is gaining traction, allowing data-knowledgeable choices that enhance productiveness and profitability. Cell generation and cloud systems are helping small and mid-sized farmers. They enable these farmers to use tech solutions. This connects traditional methods with modern agri-innovation in many parts of Latin America.

This momentum comes from a few key factors:

• Rising food demand.
• Efforts for weather resilience.
• Government support for modernizing agriculture.

Latin American countries are focusing on sustainable farming. They want to address weather changes, soil damage, and water shortages. Agritech solutions help farmers use eco-friendly practices. This includes smart fertilization, weather-based pest control, and better land use. Governments and improvement groups are running virtual literacy programs. They offer subsidies and pilot projects to increase tech use in rural areas. Agri-centered startups are thriving in the area. They create local, scalable solutions for crop-specific challenges and improve supply chain transparency. These efforts are making Latin America a new center for agricultural innovation. This change is grabbing the interest of global agribusinesses. Buyers are also looking for growth opportunities.

As agritech grows, Latin America sees a rise in investment and partnerships. These efforts focus on transforming food systems. Companies use AI tools, blockchain for tracking, and drones. These help boost productivity and ensure food safety. Energy providers, universities, and agribusinesses work together in partnerships. This teamwork fuels research and development. It also fosters a lively space for constant innovation. The area's rich farmland and diverse wildlife help agritech grow.

Also, the expanding tech infrastructure supports this growth. This includes sectors like horticulture, livestock management, and aquaculture. The Latin America agritech marketplace focuses on sustainability, scalability, and smart farming. This approach creates a future where agriculture thrives. It combines data, technology, and smart farming to meet local and global food needs. The goal is resilience and efficiency.

Latin America Agritech Market News

December 2024 – Astarte Capital Partners and Toesca Asset Management launched a $350 million fund focused on regenerative agriculture in Chile, with plans to expand into Peru and other Latin American countries.

October 2024 – The GLOCAL Game Changers pitch day highlighted Latin American agrifoodtech startups like Argentina’s Calice and Mexico’s Blooms using AI and fintech to transform crop development and commercialization.

Q1 2025 – Brazil’s agrifoodtech investment grew 32%, reaching $76.8 million, with ag robotics company Solinftec securing a $60 million Series D funding round.

2024 – Colombia’s agrifoodtech ecosystem attracted $40 million in investments, supporting 163 startups specializing in biotechnology, robotics, and plant-based products.

January 2024 – Latin American agritech startups launched low-carbon milk production and AI-powered irrigation systems aimed at reducing environmental impact and improving sustainability.

Mid 2025 – U.S. sanctions on Russian fertilizers risk disrupting supplies to Latin American farms in Brazil and Mexico, potentially causing food price increases and supply chain instability.

For an in-depth analysis, you can refer sample copy of the report:

https://www.imarcgroup.com/latin-america-agritech-market/requestsample            

Latin America Agritech Market Industry Segmentation:

Type Insights:

• Big Data and Analytics
• Biotechnology and Biochemical
• Mobility
• Sensors and Connected Devices
• Others

Sector Insights:

• Precision Farming
• Agriculture
• Agrochemicals
• Smart Agriculture
• Biotechnology
• Indoor Farming
• Others

Application Insights:

• Production and Maintenance
• Irrigation
• Supply Chain
• Marketplace
• Others               

Country Insights:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

Browse Our Other Reports:

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Our Expert & Browse Full Report with TOC & List of Figure:

https://www.imarcgroup.com/request?type=report&id=30297&flag=C           

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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