Agricultural Product Market by Type (Aquacultural Products, Crops, Fibers), Source (Conventional, Organic), Sales Channel, Application - Global Forecast 2024-2030

Agricultural Product Market by Type (Aquacultural Products, Crops, Fibers), Source (Conventional, Organic), Sales Channel, Application - Global Forecast 2024-2030

The Agricultural Product Market size was estimated at USD 21.40 trillion in 2023 and expected to reach USD 22.58 trillion in 2024, at a CAGR 5.63% to reach USD 31.41 trillion by 2030.

An agricultural product is any commodity or item produced through farming, ranching, forestry, or aquaculture operations, primarily used for consumption, trade, or further processing. These products are classified into categories such as crops such as grains, vegetables, and fruits, as well as livestock, including cattle, poultry, and fish. The expansion in their use is significantly influenced by factors such as population growth, and rising global income levels which increase demand for food and biofuels. Rising support from governments in the form of subsidies, grants, and favorable policies for expanding the production of agricultural products is driving market growth. Issues including environmental degradation through deforestation, excessive water use, and pollution from pesticides and fertilizers from agricultural products hamper the market growth. The rising adoption of sustainable practices such as integrated pest management, organic farming, and the adoption of climate-smart agriculture are expected to create opportunities for the market. The growing interest in plant-based diets and alternative proteins presents new market opportunities that can be explored and capitalized upon.

Regional Insights

The agricultural product market in the Americas is highly developing due to its renowned large-scale production of corn, soybeans, and wheat, supported by advanced farming technologies and extensive agricultural infrastructure. South America, particularly countries including, Brazil and Argentina, are key countries in the production of soybeans, sugar, and beef. These countries benefit from vast arable lands and favorable climates, making them crucial for global exports of these commodities. Asia-Pacific region is immensely varied, ranging from advanced economies including, Australia and Japan to developing nations such as India and Vietnam. The APAC region is a major region in producing rice, with countries including, China and India accounting for a significant chunk of global production. Additionally, this region also majorly contributes to the global supply of fish, spices, and tropical fruits. The diversity in agricultural production is primarily due to the wide range of climatic zones and farming practices observed across the region. Europe is known for its high-quality dairy, meat products, and a variety of grains including wheat and barley. The agricultural sector in Europe is heavily regulated to ensure sustainability and environmental protection. The Middle East, with its arid climate, focuses heavily on date production and has innovative practices for farming in desert conditions, such as using hydroponics. Africa, with its vast savannahs and tropical climates, is a significant producer of cocoa, coffee, and cotton; however, the region faces challenges such as limited access to technology and infrastructure, impacting productivity.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Agricultural Product Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increased product demand due to global population growth
• Supportive regulatory policies and supportive measures in agricultural infrastructure
• Growing consumer inclination toward organic farming

Market Restraints

• Risks of counterfeit products problems in product standardization

Market Opportunities

• Continuous advancements in agricultural biotechnology
• Development and deployment of enhanced production technologies

Market Challenges

• Environmental issues and sustainability concerns associated with agriculture

Market Segmentation Analysis

• Type: Growing usage of aquacultural products that are cultivated under controlled fishing environments
• Application: High potential of agricultural products for producing biofuels serving as alternatives to conventional fossil fuels

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Agricultural Product Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Agricultural Product Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Partnership Advances Global Fruit and Vegetable Supply Resilience

Farming Corporation and Sumitomo Corporation have established a strategic partnership aimed at enhancing the resilience of the global fruit and vegetable supply. This collaboration focuses on increasing agricultural production both domestically and internationally using advanced technology. It emphasizes the development of innovative strategies to improve the procurement and distribution logistics of agricultural products globally. Furthermore, this alliance is dedicated to maintaining a commitment to environmental sustainability, ensuring that its operations support ecological health and resource conservation.

Introduction of Pur Natur Organic Yogurt Plain by Kaneka Corporation

Kaneka Corporation has launched the JAS-certified Pur Natur Organic Yogurt Plain, now available through its affiliate, Kaneka Shokuhin Co., Ltd., located in Shinjuku-ku, Tokyo. This new product can be purchased at selected organic retail stores, and supermarkets, via food delivery platforms, and directly from the Kaneka Online Shop. The introduction of this organic yogurt extends Kaneka's commitment to providing health-conscious consumers with high-quality, certified organic products.

Synergizing Agriculture and Sustainability: Syngenta and Sustainable Oils Pact for Camelina Sativa Cultivation

Syngenta Seeds, LLC, a component of the Syngenta Group, and Sustainable Oils, Inc., under Global Clean Energy Holdings, Inc., have formalized a partnership to market Camelina sativa seeds. Recognized for environmental and economic benefits, camelina is an ultra-low carbon oilseed utilized in producing sustainable aviation and renewable fuels, alongside sustainable animal feed. Cultivable on fallow or intercrop land, camelina offers rapid growth, minimal water requirements, and reliable yields while enhancing soil health and lowering greenhouse gas emissions. This agreement underscores Syngenta's dedication to endorsing regenerative agricultural methods globally.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Agricultural Product Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Agricultural Product Market, highlighting leading vendors and their innovative profiles. These include ABC Fruits, Archer Daniels Midland Company, Aurora Organic Dairy, B.Y. Agro & Infra Ltd., California Dairies, Inc., Cargill, Incorporated, Chiquita Brands International S.à.r.l., Chobani, LLC, Dairy Farmers of America Inc., DMK GROUP, Dole PLC, FMC Corporation, Fonterra Co-operative Group Limited, Fyffes by Sumitomo Corporation, General Mills, Inc., Glanbia PLC, Land O'Lakes, Inc., Mazzoni Group, Metro Frozen Folkks Foods Private Limited, Nutrien Ltd., Pal Fresh Frozen Foods, The Mosaic Company, United Fresh Produce Association, Valent U.S.A. LLC, Valleyfresh by Freshmax Group, Wholesome Foods, and Yara International ASA.

Market Segmentation & Coverage

This research report categorizes the Agricultural Product Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Aquacultural Products
• Fish
• Shellfish
• Crops
• Beverage Crops
• Cereals & Legumes
• Flowers & Ornamentals
• Fruits & Vegetables
• Oilseeds & Nuts
• Spices & Herbs
• Fibers
• Cotton
• Flax
• Livestock Products
• Dairy Products
• Eggs
• Meat
• Source
• Conventional
• Organic
• Sales Channel
• Cooperatives
• Farm Stands & Farmers' Markets
• Online Marketplaces
• Supermarkets, Grocery Stores, & Specialty Shops
• Application
• Biofuels
• Cosmetics & Personal Care
• Food Production
• Health & Nutrition
• Livestock Feed
• Textiles
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year