The UN's food agencies said the global number was down over 200 million since the early 1990s, but warned that despite the progress made, "about 805 million people in the world, or one in nine, suffer from hunger."
The Millennium Development Goal of halving the proportion of undernourished people by 2015 is within reach "if appropriate and immediate efforts are stepped up," the Food and Agriculture Organization, International Fund for Agricultural Development and World Food Programme said in a joint yearly report.
"This is proof that we can win the war against hunger and should inspire countries to move forward, with the assistance of the international community as needed," the agencies said in a joint message.
The "State of Food Insecurity in the World" report said access to food had improved rapidly in countries that had seen overall economic progress, notably in Eastern and South-Eastern Asia, but also Southern Asia and Latin America.
However, despite significant progress overall, several regions and sub-regions are struggling, with more than one in four people still chronically undernourished in Sub-Saharan Africa, while Asia as a whole is home to the majority of the hungry, some 526 million people.
While many developing countries are still struggling to improve access to food for the poorest people, bad diets are hampering the battle against malnutrition in others, leading to serious health problems.
"Despite considerable improvements over the last two decades, stunting, underweight and micronutrient deficiencies remain stubbornly high, even where availability and access no longer pose problems," the report said.
In Sub-Saharan Africa, hit by political instability, war and civil strife, sluggish income growth, high poverty rates and poor infrastructure have hampered access to the limited food supplies, leading to a prevalence of stunted and underweight children under five.
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