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Key regions: United States, Brazil, Germany, Italy, Spain
The Agriculture market in Europe is a vast and complex industry that is constantly evolving. With a rich history of agriculture and food production, Europe is home to some of the world's most advanced and innovative agricultural practices.
Customer preferences: European consumers have become increasingly concerned with the quality and safety of their food products. As a result, there has been a growing demand for locally sourced and organic food products. This trend has led to an increase in small-scale farming and the establishment of farmers' markets across the region. Additionally, there has been a shift towards plant-based diets, resulting in an increased demand for alternative protein sources such as soy and pea protein.
Trends in the market: In Western Europe, the agriculture market has been facing challenges due to the increasing cost of labor and land. As a result, there has been a trend towards consolidation, with larger farms acquiring smaller ones. This consolidation has led to an increase in the use of technology and precision farming techniques, resulting in higher yields and increased efficiency. In Eastern Europe, the market is still dominated by small-scale farms, but there has been a recent trend towards modernization and mechanization.
Local special circumstances: In France, the agriculture market is heavily regulated, with strict laws governing the production and sale of food products. This has led to a focus on quality over quantity, with a strong emphasis on traditional farming practices. In the Netherlands, the market is dominated by greenhouse farming, with the country being the world's second-largest exporter of agricultural products. In Spain, the market is characterized by a large number of small-scale family farms, with a focus on the production of olive oil, wine, and citrus fruits.
Underlying macroeconomic factors: The agriculture market in Europe is heavily influenced by government policies and regulations. The Common Agricultural Policy (CAP) of the European Union provides subsidies and support to farmers, which has a significant impact on the market. Additionally, the ongoing trade negotiations with other countries and regions can have a significant impact on the market, particularly in terms of import and export tariffs. The ongoing climate crisis is also a major concern for the agriculture market, with changing weather patterns and extreme weather events posing a significant risk to crop yields and food production.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)