Key regions: United States, Brazil, Germany, Italy, Spain
Germany, known for its technological advancements and precision engineering, has a well-established agriculture industry.
Customer preferences: German consumers are increasingly demanding organic and locally sourced produce. This trend is driven by a growing awareness of the environmental impact of food production and a desire for healthier and fresher products. In addition, there is a rising interest in plant-based diets and alternative protein sources, which is reflected in the growing demand for soybeans and other legumes.
Trends in the market: The German agriculture market is characterized by a high degree of specialization and efficiency. The use of advanced technologies, such as precision farming and smart irrigation systems, has led to increased productivity and reduced environmental impact. However, the industry is facing challenges in terms of sustainability and animal welfare. The government is implementing policies to promote sustainable farming practices and reduce the use of pesticides and fertilizers. In addition, there is a growing trend towards agroforestry and regenerative agriculture, which aim to restore soil health and biodiversity.
Local special circumstances: Germany has a strong tradition of family-owned farms, which often specialize in a particular type of crop or livestock. This fragmentation of the industry can make it difficult for small-scale farmers to compete with larger, more efficient operations. However, there is growing interest in community-supported agriculture (CSA) and direct-to-consumer sales, which can help small farmers to access local markets and build relationships with consumers.
Underlying macroeconomic factors: Germany is the largest economy in Europe and a major exporter of agricultural products. The industry is heavily influenced by global demand and trade policies. The ongoing trade disputes between the US and China, as well as Brexit, have created uncertainty for German farmers and exporters. In addition, the industry is facing challenges related to climate change, such as droughts and floods, which can impact crop yields and food prices. The government is investing in research and development to help the industry adapt to these challenges and remain competitive in the global market.
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.
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