Definition:
The agriculture market refers to the economic activities involved in the production of agricultural products. This includes the gross production value of crops such as cereals, fruit, vegetables, and oil crops, as well as livestock and dairy products.
Structure:
The agriculture market comprises seven distinct markets that represent a wide range of agricultural products:
Additional Information:
The market comprises gross production value and gross production value growth rates, import and export value. Data is only provided for the countries that are active in the above-mentioned markets. The market only displays B2B values.
The term "Revenue" in the title of the charts and chapter refers to the gross production value within this market.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
The Agriculture market in the United States is experiencing moderate growth, influenced by factors such as fluctuating commodity prices, changing consumer preferences, and challenges in sustainability practices. These elements are shaping the industry's future landscape.
Customer preferences: Consumers are increasingly prioritizing organic and locally-sourced food options, driven by a growing awareness of health and sustainability. This trend reflects a cultural shift towards transparency in food production, with many seeking to support farmers who practice environmentally friendly methods. Additionally, younger demographics are more inclined to embrace plant-based diets, further influencing agricultural practices. The demand for sustainable packaging and reduced food waste is also shaping market strategies, prompting farmers and producers to adapt to these evolving consumer preferences.
Trends in the market: In the United States, the Agriculture market is experiencing a surge in demand for organic and locally-sourced food, reflecting consumers' heightened awareness of health and sustainability. This shift is prompting farmers to adopt environmentally friendly practices and transparency in their production methods. Additionally, younger consumers are increasingly favoring plant-based diets, influencing crop selection and farming techniques. The emphasis on sustainable packaging and minimizing food waste is reshaping industry strategies, compelling stakeholders to innovate and adapt to these evolving consumer preferences for a more sustainable future.
Local special circumstances: In the United States, the Agriculture market is shaped by diverse geographical regions and cultural preferences that influence farming practices and consumer choices. The West Coast, with its favorable climate, promotes organic produce, while the Midwest focuses on corn and soybean cultivation, reflecting regional agricultural strengths. Additionally, regulatory frameworks, such as the USDA organic certification, guide farmers toward sustainable methods. Cultural trends, including the farm-to-table movement, further drive demand for local products, compelling producers to innovate and adapt to these distinct regional dynamics.
Underlying macroeconomic factors: The Agriculture market in the United States is significantly influenced by macroeconomic factors such as trade policies, commodity prices, and climate change. Global economic trends, including shifts in demand for agricultural products from emerging markets, play a crucial role in shaping domestic pricing and export opportunities. National economic health, reflected in GDP growth and consumer spending, directly affects food purchasing patterns and investment in agricultural technology. Furthermore, fiscal policies, including subsidies and tax incentives for sustainable farming practices, encourage innovation and resilience in the sector, enabling farmers to adapt to both economic fluctuations and environmental challenges.
Most recent update:
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update:
Source: Statista Market Insights