Global Agricultural Commodity Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Product Type (Grains, Pulses, Cereals, Oilseeds and Other Product Types), By Sales Channel and By Nature, Region, By Country: 2020-2030

Global Agricultural Commodity Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by Product Type (Grains, Pulses, Cereals, Oilseeds and Other Product Types), By Sales Channel and By Nature, Region, By Country: 2020-2030

Background

A report published by Azoth Analytics highlights different factors and opportunities prevailing in the “Global Agricultural Commodity Market (2024 Edition)”. According to the report, Global Agricultural Commodity Market valued at USD 1764.3 Billion in 2023 is expected to grow at a CAGR of 4.2% during 2025-2030.

The report explores a multi-faceted opportunity landscape in terms of market segmentation by Product Type (Grains, Pulses, Cereals, Oil Seeds and Other Product Types), By Sales Channel (Convenience Stores, Hypermarkets/Supermarkets, E-Commerce and Other Sales Channels) and By Nature (Conventional and Organic)

Market Overview

The Agricultural Commodity market has witnessed substantial growth in recent years, driven by the increasing global demand for food, advancements in agricultural technology, and the rising focus on sustainable farming practices. Agricultural commodities include raw products such as grains, oilseeds, livestock, dairy, and horticultural products that are traded globally. The market's expansion is primarily fueled by the need to meet the growing food requirements of an increasing population.

One of the primary drivers of the Agricultural Commodity market is the increasing global demand for food. Rapid population growth, urbanization, and rising incomes are driving the demand for agricultural products, leading to higher production and trade volumes. Additionally, the growing demand for biofuels and industrial uses of agricultural commodities is contributing to market growth.

Technological advancements have significantly impacted the Agricultural Commodity market, leading to the development of advanced farming techniques and technologies. Innovations such as precision agriculture, genetically modified crops, and advanced irrigation systems have enhanced crop yields, efficiency, and sustainability. These advancements are crucial for meeting the evolving demands of the agricultural sector and ensuring food security.

The rising focus on sustainable farming practices has also played a crucial role in the market's expansion. Farmers and agricultural companies are increasingly adopting practices that minimize environmental impact, conserve resources, and promote soil health. This trend is driven by regulatory pressures and a growing awareness of environmental sustainability within the agricultural industry.

Sustainability trends are influencing the Agricultural Commodity market as well. Companies are focusing on sustainable sourcing, organic farming, and reducing the carbon footprint of agricultural production and supply chains. This shift is driven by consumer demand for sustainable products and the need to address environmental challenges in agriculture.

Geographical Insights

Americas represent the largest market for Agricultural Commodities in value terms, driven by the extensive agricultural production, advanced farming technologies, and significant exports. The United States, in particular, is a key market due to its strong focus on agricultural innovation and extensive trade in agricultural products.

In the Americas, the market is further bolstered by favorable government policies, increasing investments in agricultural research and technology, and a strong focus on sustainability. The presence of leading agricultural companies and a high level of awareness about sustainable farming practices contribute to the market's dominance in this region.

The Asia Pacific region is expected to witness the highest growth rate due to rapid population growth, increasing food demand, and rising investments in agricultural technology. Countries like China, India, and Japan are at the forefront of this growth, with expanding agricultural sectors and a growing focus on food security.

In Europe, the market for Agricultural Commodities is driven by strong regulatory support for sustainable agriculture and a well-established food industry. Countries like Germany, France, and the UK are key contributors to the market, with significant investments in agricultural research and a strong emphasis on quality and sustainability.

Market Segmentation

By Product Type:

• Grains
• Pulses
• Cereals
• Oil Seeds
• Other Product Types

By Sales Channel:

• Convenience Stores
• Hypermarkets/Supermarkets
• E-Commerce
• Other Sales Channels

By Nature:

• Conventional
• Organic

By Geography

• Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
• Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia Pacific)
• Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)

Key Companies

The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies. Key companies in the Global Agricultural Commodity Market include:

• Louis Dreyfus Company
• Archer Daniels Midland Company
• Olam International
• Wilmar International Limited
• Glencore Agriculture
• Bunge Limited
• Cargill Incorporated
• Marubeni Corporation
• Cofco
• Ag Processing Inc
• Other Leading Companies

Reasons to buy this report:

• In-Depth Comparative Assessment of Top 20 Markets in the Agricultural Commodity Industry: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
• Comprehensive Historical, Present, and Future Analytics of the Agricultural Commodity Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of Agricultural Commodity Market.
• Detailed Analysis of Agricultural Commodity Market By Product Type, Sales Channel, and Nature Across 20 Countries
• Beyond the Purchase: 90 Days of Support
• Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
• Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
• Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
• Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
• Strategic Industry Movements: Tracking Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies

*Please Note: The report will be delivered in 2 business days upon order confirmation*