agricultural commodity market size, agricultural commodity market demand, agricultural commodity market forecast, agricultural commodity market segments, agricultural commodity market share, agricultural commodity market analysis
How big is the agricultural commodity market today, and what are its future growth expectations?
The agricultural commodity market size has grown strongly in recent years. It will grow from $220.48 billion in 2024 to $234.16 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. 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 $293.91 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. 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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What have been the primary factors driving the agricultural commodity market’s growth?
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 54% of Americans followed a specified diet or eating pattern in 2024, up from 52% in 2023 and 39% in 2021. The top choices were High protein (20%), mindful eating (20%), and Intermittent fasting (13%). Therefore, the increasing demand for healthier diets is driving the growth of the agricultural commodity market.
What are the key segments within the agricultural commodity market?
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
Subsegments:
1) By Soybeans: Non-GMO Soybeans, GMO Soybeans
2) By Corn: Yellow Corn, White Corn, Sweet Corn, Other Varieties (Specialty Corn)
3) By Wheat: Hard Red Winter Wheat, Soft Red Winter Wheat, Hard Red Spring Wheat, Durum Wheat, Soft Wheat
4) By Rice: White Rice, Brown Rice, Basmati Rice, Jasmine Rice, Other Varieties (Glutinous Rice)
5) By Cocoa: Cocoa Beans, Cocoa Powder, Cocoa Butter
6) By Coffee: Arabica Coffee, Robusta Coffee
7) By Cotton: Upland Cotton, Pima Cotton, Organic Cotton
8) By Spices: Black Pepper, Turmeric, Ginger, Chili Peppers, Cinnamon, Other Spices
9) By Other Products: Sugar, Palm Oil, Barley, Oats, Tea, Fruits, Vegetables
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Which key players are shaping the agricultural commodity market?
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 Agrícolas, Devex S.A., Agrium Inc., Monsanto Company, Agro-K Corporation
How will emerging trends drive the agricultural commodity market throughout the forecast period?
Major companies operating in the agricultural commodities market are focusing on innovative solutions, such as high-yield or protein-content soy seed varieties to enhance crop yield and resilience. High-yield soy seed varieties refer to those that produce a greater quantity of soybeans per acre, while high protein content varieties have a higher percentage of protein in the harvested beans, enhancing their nutritional value and market appeal. For instance, in Mach 2024, Protealis, a Belgium-based seeds and seed technologies developer for sustainable plant proteins, launched PRO Vesuvio, PRO Helicon, PRO Taranaki, and PRO Jacinto in Europe, with a focus on the colder climates of Northern Europe. This strategic initiative aims to boost local protein production and offer sustainable alternatives for farmers transitioning away from traditional crops. These varieties are specifically bred to perform well in shorter growing seasons and colder conditions, making them ideal for regions such as Belgium, France, and Germany. They are designed to deliver both high yield and high protein content, essential for European farmers seeking to adopt more sustainable practices in their crop rotations.
How do regional factors impact the agricultural commodity market, and which region is the largest contributor?
North America was the largest region in the agricultural commodity market in 2024. The regions covered in the agricultural commodity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Agricultural Commodity Market Report 2025 Offer?
The agricultural commodity market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
An agricultural commodity is a raw product derived from farming and agriculture, used for consumption, trade, or further processing. These commodities are generally produced in large quantities and are fundamental to global trade and economies.
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