The agricultural commodity global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Agricultural Commodity Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The agricultural commodity market size has grown strongly in recent years. It
will grow from $208.83 billion in 2023 to $220.48 billion in 2024 at a compound
annual growth rate (CAGR) of 5.6%. The growth in the historic period can be
attributed to increasing crop yields, increasing nutritional value, increasing
agricultural production, an increase in water efficiency in farming, and a rise
in income levels.
The agricultural commodity market size is expected to see strong growth in the
next few years. It will grow to $277.73 billion in 2028 at a compound annual
growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed
to increasing demand for healthier diets, growing adoption of hydroponics,
growing interest in renewable energy sources, increasing population and
changing consumer taste, and growing demand for biofuels. Major trends in the
forecast period include technological advancements, sustainable farming
practices, biotechnological innovations, shifts in dietary preferences, and
digital agriculture adoption.
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Scope Of Agricultural Commodity Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Agricultural Commodity Market Overview
Market Drivers -
The increasing demand for healthier diets is expected to propel the growth of
the agricultural commodity market going forward. Healthier diets refer to
eating patterns or choices that promote physical well-being and reduce the risk
of chronic diseases. The increasing demand for healthier diets is due to rising
health awareness, concerns about food safety, a desire for weight management,
the prevalence of chronic diseases, and accessibility to nutritious food
options. Agricultural commodities are the cornerstone of healthy diets by
providing critical nutrients, promoting various food choices, and improving
overall health and well-being. For instance, according to the 2022 Food and
Health Survey by the International Food Information Council (IFIC), a US-based
nonprofit organization that promotes science-based information on nutrition,
food safety, and sustainable food systems, around 52% of Americans followed a
specified diet or eating pattern, up from 39% in 2021. The top choices were
clean eating (16%), mindful eating (14%), and calorie counting (13%).
Therefore, the increasing demand for healthier diets is driving the growth of
the agricultural commodity market.
Market Trends -
Major companies operating in the agricultural commodities market are focused on
developing innovative products, such as agri-sectoral indices, designed to
provide a standardized measure of the performance of the guar seed and soybean
sectors. Agri-sectoral indices typically refer to indices or indexes that track
the performance of specific segments within the agricultural industry. These
indices can be designed to measure agricultural commodities' overall
performance, stocks, or even specific aspects like agricultural technology or
equipment. For instance, in July 2021, the National Commodity and Derivatives
Exchange, an India-based agricultural commodity exchange company, introduced
NCDEX GUAREX and NCDEX SOYDEX, India's first agricultural sectoral indices,
offering benchmarks for guar seed and soybean prices. They enable risk
management, investment diversification, and market transparency, facilitating
hedging and investment opportunities in these critical agricultural
commodities.
The agricultural commodity market covered in this report is segmented –
1) By Product: Soybeans, Corn, Wheat, Rice, Cocoa, Coffee, Cotton, Spices,
Other Products
2) By Trading: Online, Offline
3) By End User: Business To Business, Business To Consumer
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Regional Insights -
North America was the largest region in the agricultural commodity market in
2023. The regions covered in the agricultural commodity market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the agricultural commodity market are Glencore
plc, Cargill Inc., Nestle S.A., Archer Daniels Midland Company, BASF SE, Bunge
Limited, Bayer AG, Louis Dreyfus Company B.V., Yara International ASA, General
Mills Inc., Smithfield Foods Inc., Wilmar International Limited, Syngenta
Group, Barry Callebaut Group, Ingredion Incorporated, Fresh Del Monte Produce
Inc., Olam International Limited, Adecoagro S.A., BrasilAgro Companhia
Brasileira de Propriedades AgrÃcolas, Devex S.A., Agrium Inc., Monsanto
Company, Agro-K Corporation
Table of Contents
1. Executive Summary
2. Agricultural Commodity Market Report Structure
3. Agricultural Commodity Market Trends And Strategies
4. Agricultural Commodity Market – Macro Economic Scenario
5. Agricultural Commodity Market Size And Growth
…..
27. Agricultural Commodity Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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