Global Agriculture Market Flourishes, Poised to Reach $19,007.8 Billion by 2027

The Business Research Company’s Agriculture Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032

LONDON, GREATER LONDON, UK, December 8, 2023 /EINPresswire.com/ -- The global agriculture market has witnessed significant growth, expanding from $12,245.63 billion in 2022 to $13,398.79 billion in 2023, registering an impressive compound annual growth rate (CAGR) of 9.4%. Projections indicate a continued upward trend, with the market size expected to soar to $19,007.8 billion in 2027, driven by a robust CAGR of 9.1%.

Population Growth Spurs Demand for Food
The global population is on the rise, projected to reach 10 billion by 2050. This demographic expansion intensifies the demand for food, necessitating increased agricultural production. The Agricultural Outlook by the Organization for Economic Co-operation and Development (OECD) and FAO (Food and Agriculture Organization) forecasts a 13% increase in global cereal production by 2027. To meet the needs of this growing population, crop production, farming activities, and trade volumes must escalate. Agribusiness companies are anticipated to acquire more arable land to boost crop production, and agriculture companies are expected to expand their presence to cater to the heightened demand and spur growth.

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Key Players Shaping the Agriculture Market
Major players in the agriculture market include Cargill Incorporated, Dairy Farmers of America, Bayer AG, WH Group Limited, Bunge Limited, Wens Foodstuff Group Co. Ltd., Charoen Pokphand Foods PCL, Corteva Inc., Olam International, and Land O'Lakes Inc. These industry leaders play a pivotal role in steering the trajectory of the agriculture sector globally.

Regional Dynamics: Asia-Pacific Takes the Lead
In 2022, the Asia-Pacific region emerged as the largest in the agriculture market, followed by North America as the second-largest. The comprehensive market report covers regions such as Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Key Segments:
1. Type:
• Animal Produce
• Crop Production
• Rural Activities

2. Distribution Channel:
• Supermarkets/Hypermarkets
• Convenience Stores
• E-Commerce
• Other Distribution Channels

3. Nature:
• Organic
• Conventional

Access the complete report for in-depth analysis:
https://www.thebusinessresearchcompany.com/report/agriculture-global-market-report

Agriculture Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Agriculture Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on agriculture market size, agriculture market drivers and agriculture market trends, agriculture market major players, agriculture market competitors' revenues, market positioning, and market growth across geographies. The agriculture market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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