Agriculture - Worldwide

  • Worldwide
  • Gross production value in Agriculture market is projected to amount to US$4.82tn in 2025. An annual growth rate of 3.45% is expected (CAGR 2025-2029), resulting in gross production value of US$5.52tn in 2029.
  • The import value in Agriculture market is projected to amount to US$939.5bn in 2025. An annual growth rate of 3.31% is expected (CAGR 2025–2029).
  • The export value in Agriculture market is projected to amount to US$865.2bn in 2025. An annual growth rate of 3.56% is expected (CAGR 2025–2029).

Key regions: United States, Brazil, Germany, Italy, Spain

 
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Analyst Opinion

The Agriculture market worldwide is experiencing considerable growth, influenced by factors such as climate change, fluctuating commodity prices, and evolving consumer preferences towards sustainable practices, which challenge traditional farming methods and productivity levels.

Customer preferences:
Consumers are increasingly prioritizing sustainable and organic food options, reflecting a growing awareness of environmental impacts and health concerns. This shift is evident in the rising demand for locally sourced produce, as individuals seek to support community agriculture and reduce carbon footprints. Additionally, younger demographics are favoring plant-based diets, driven by ethical considerations and a desire for healthier lifestyles. As a result, traditional farming practices are being challenged, prompting a reevaluation of agricultural methods to meet these evolving consumer preferences.

Trends in the market:
In the global Agriculture Market, there is a notable shift towards regenerative farming practices, with farmers adopting techniques that enhance soil health and biodiversity. In North America, vertical farming is gaining popularity, allowing urban areas to produce fresh produce with minimal land use. Meanwhile, in Europe, government policies are increasingly supporting organic farming, driving a surge in certifications and consumer trust. In Asia, innovations in agri-tech, such as precision agriculture, are emerging to optimize resource use and increase yields, reflecting a broader commitment to sustainable food systems.

Local special circumstances:
In Brazil, the Agriculture Market is shaped by its vast arable land and a strong emphasis on export-driven commodities, particularly soybeans and coffee. The country's tropical climate allows for diverse crop production, while local agribusinesses are increasingly adopting sustainable practices to meet international demand for eco-friendly products. In contrast, in Japan, the market is influenced by limited land availability and a cultural preference for high-quality, locally sourced food, prompting innovations in small-scale urban farming and advanced agritech solutions to maximize yield efficiency.

Underlying macroeconomic factors:
The Agriculture Market is significantly influenced by macroeconomic factors such as global commodity prices, trade policies, and national economic stability. In Brazil, a booming economy and favorable trade agreements enhance export potential, particularly for soybeans and coffee, driving market growth. Conversely, fluctuations in global demand can impact local prices and agricultural income. In Japan, limited arable land and a focus on high-quality produce necessitate government support for innovation in agritech and sustainable practices. Furthermore, currency exchange rates and inflation also affect import costs and agricultural profitability, shaping the overall market landscape.

Methodology

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.

Overview

  • Revenue
  • Trade
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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