Agriculture Market Report 2025

The agriculture market size has grown strongly in recent years. It will grow from $14.36 trillion in 2024 to $15.5 trillion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to population growth, globalization of trade, government policies, crop protection products, climate and weather patterns, rural development programs.

The agriculture market size is expected to see strong growth in the next few years. It will grow to $20.63 trillion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing sustainable agriculture practices, genetic engineering in crops, organic farming, vertical farming, water management solutions global food security concerns. Major trends in the forecast period include precision agriculture technologies, integration of artificial intelligence in farming, digital marketplaces for agricultural products, utilization of autonomous farming equipment, adoption of farm management software.

The global population is on the rise and is projected to reach 10 billion by 2050, creating an increased demand for food. The Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) predict a 13% growth in global cereal production by 2027 to meet the needs of the expanding population. This necessitates an augmentation of crop production, farming activities, and trade volumes. Agribusiness companies are anticipated to acquire more arable land to boost crop production and expand their activities to meet the growing demand, fostering overall growth in the agriculture sector.

The agriculture market is expected to experience growth due to shifting consumer preferences toward healthier and diverse diets. Healthier and diverse diets, characterized by nutrient-rich foods and a variety of choices, are gaining popularity. Diversification in agriculture has the potential to enhance the nutrient adequacy of diets, benefiting smallholder farming households. This shift in consumer preferences is driving increased demand for a broader range of crops, leading to market expansion. As per the 2022 Food and Health Survey by the International Food Information Council, 54% of Americans made changes to their diet to prioritize health, indicating a significant trend toward healthier eating habits.

Major players in the agriculture market are investing in technology, such as agriculture drones, to gather precise data on crop health, soil conditions, and pest infestations. Agriculture drones, unmanned aerial vehicles (UAVs) used in agriculture, aim to improve crop yields, reduce costs, and enhance efficiency. For example, XAG, a China-based drone service provider, launched the XAG P100 Pro in July 2023. This advanced drone, equipped with a large payload of 50 kilograms, operates autonomously and assists farmers in tasks such as seeding, crop spraying, and fertilization.

Leading companies in the agriculture market are developing digital farming platforms to enhance efficiency and sustainability by enabling real-time monitoring and data analytics for agricultural processes. These technologies support precision agriculture, increasing yields while reducing environmental impact. Monitoring and managing agricultural processes involve systematically observing and regulating farming activities to optimize productivity and sustainability. This includes collecting and analyzing data to support informed decisions that improve efficiency and promote environmental responsibility. For example, in September 2024, Bayer, a Germany-based pharmaceutical company, introduced its Forward Farming initiative, which supports sustainable practices for smallholder farmers in India. This initiative aims to enhance productivity and resource efficiency through innovative techniques and technology integration, contributing to food security, environmental stewardship, and economic resilience.

Major companies operating in the agriculture market include Cargill Incorporated, Archer Daniels Midland Co., BASF SE, Wilmar International Ltd., Dow Inc., Olam International, Bayer AG, Tyson Foods, Deere & Company, Nutrien Ltd., WH Group Limited, Yara International ASA, CNH Industrial NV, Kubota Corporation, Syngenta AG, The Mosaic Company, Corteva Inc., The Andersons Inc., Charoen Pokphand Foods PCL, Land O'Lakes Inc., Mahindra & Mahindra Ltd., AGCO Corporation, Wens Foodstuff Group Co. Ltd., FMC Corporation, The Toro Company, Valmont Industries Inc., The Scotts Miracle-Gro Company, Flour Mills of Nigeria, Dairy Farmers of America, Bunge Limited.

The Asia-Pacific was the largest region in the agriculture market in 2024. North America was the second largest region in the agriculture market. The regions covered in the agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agriculture market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The agriculture market consists of revenues earned by entities that produce milk, honey, meat, wool, egg, skin and hide, live animals, grain farming, oilseed farming, fruit and nut farming, vegetable farming, general crop farming, greenhouse, nursery, and flowers, and other agriculture products. The agriculture market also consists of revenues earned by entities by providing services such as fishing, hunting and trapping, forestry and logging, agriculture and forestry services, and other agriculture services. This market also includes horticulture and aquaculture. This market excludes proceeds from captive (internal) consumption of the agriculture and forest produce for further processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Agriculture is the practice of cultivating soil, growing crops, and raising animals for food, fiber, and various other products. It produces essential goods that support human life, drive economic growth, and provide livelihoods. Furthermore, agriculture is vital in maintaining ecosystem balance and promoting sustainability.

The primary types of agriculture include animal production, crop production, and rural activities. Crop production involves the cultivation of crops for both domestic and commercial purposes. Large-scale cultivation of crops such as wheat, maize, rice, jute, and others is common. Agricultural products can be categorized as organic or conventional, and their distribution occurs through various channels, including supermarkets/hypermarkets, convenience stores, e-commerce, and other retail channels.

The agriculture market research report is one of a series of new reports that provides agriculture market statistics, including agriculture industry global market size, regional shares, competitors with an agriculture market share, detailed agriculture market segments, market trends and opportunities, and any further data you may need to thrive in the agriculture industry. This agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.