The "Agricultural Commodity Market Opportunities and Strategies to 2034" report has been added to ResearchAndMarkets.com's offering.

This report describes and explains the agricultural commodity market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global agricultural commodity market reached a value of nearly $5.59 trillion in 2024, having grown at a compound annual growth rate (CAGR) of 8.59% since 2019. The market is expected to grow from $5.59 billion in 2024 to $8.03 trillion in 2029 at a rate of 7.49%. The market is then expected to grow at a CAGR of 7.36% from 2029 and reach $11.46 trillion in 2034.

Growth in the historic period resulted from shift towards plant-based alternatives, increased demand for agriculture waste as animal feed, changing dietary preferences and food security initiatives. Factors that negatively affected growth in the historic period were the water scarcity and labor shortages. Going forward, increasing digitalization in agriculture, surge in demand for high-protein diets, increasing plant diseases and surge in biofuel production demand will drive growth. Factor that could hinder the growth of the agricultural commodity market in the future include were supply chain disruptions and climate change.

Asia-Pacific was the largest region in the agricultural commodity market, accounting for 56.20% or $3.14 trillion of the total in 2024. It was followed by Western Europe, Middle East and then the other growing regions in the agricultural commodity market and Eastern Europe where growth will be at CAGRs of 17.25% and 11.13% respectively. These will be followed by South America and Africa where the markets are expected to grow at CAGRs of 9.43% and 8.28% respectively.

The global agricultural commodity markets are highly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 4.97% of the total market in 2023. Archer Daniels Midland (ADM) was the largest competitor with a 1.30% share of the market, followed by Wilmar International Limited with 1.13%, Bunge Limited with 0.71%, Cargill Inc. with 0.69%, Louis Dreyfus Company B.V. with 0.62%, Marubeni Corporation with 0.17%, Ingredion Incorporated with 0.14%, Itochu Corporation with 0.12%, Olam Group with 0.06% and Nestle S.A. with 0.03%.

The agricultural commodity market is segmented by product into grain farming, oilseed farming, fruit and nut farming, vegetable farming and general crop farming. The vegetable farming market was the largest segment of the agricultural commodity market segmented by product, accounting for 30.07% or $1.68 trillion of the total in 2024. Going forward, the oilseed farming segment is expected to be the fastest growing segment in the agricultural commodity market segmented by product, at a CAGR of 10.06% during 2024-2029.

The agricultural commodity market is segmented by trading into online and offline. The offline market was the largest segment of the agricultural commodity market segmented by trading, accounting for 85.89% or $4.8 trillion of the total in 2024. Going forward, the online segment is expected to be the fastest growing segment in the agricultural commodity market segmented by trading, at a CAGR of 9.50% during 2024-2029.

The agricultural commodity market is segmented by end user into business to business and business to consumer. The business to business market was the largest segment of the agricultural commodity market segmented by end user, accounting for 85.38% or $4.77 trillion of the total in 2024. Going forward, the business to consumer segment is expected to be the fastest growing segment in the agricultural commodity market segmented by end user, at a CAGR of 9.32% during 2024-2029.

The top opportunities in the agricultural commodity market segmented by product will arise in the grain farming segment, which will gain $2.29 trillion of global annual sales by 2029. The top opportunities in the agricultural commodity market segmented by trading will arise in the offline segment, which will gain $6.79 trillion of global annual sales by 2029. The top opportunities in the agricultural commodity market segmented by end user will arise in the business to business segment, which will gain $ 6.75 trillion of global annual sales by 2029. The agricultural commodity market size will gain the most in India at $319.25 billion.

Market-trend-based strategies for the agricultural commodity market include advancing agricultural innovation through research and wheat breeding, expanding access to futures trading with smaller, flexible contracts, strengthening coffee sustainability and resilience through strategic collaboration, enhancing cocoa production with advanced customization and regional supply resilience and advancing sustainable farming for low-carbon agricultural production. Player-adopted strategies in the agricultural commodity market include focus on expanding its manufacturing capabilities through strategic investment.

To take advantage of the opportunities, the analyst recommends the agricultural commodity companies innovation through research and development, focus on expanding futures contract offerings for greater market flexibility, focus on expanding production lines for market growth, focus on sustainable farming initiatives, focus on expanding in the oilseed farming segment, expand in emerging markets, continue to focus on developed markets, focus on expanding market reach through strategic distribution partnerships, focus on dynamic pricing strategies aligned with global market trends, focus on tailoring digital promotion to commodity-specific buyer behavior, focus on leveraging partnerships and direct communication to build trust, focus on tailoring customer-facing roles to serve b2c demand.

Major Market Trends

• Advancing Agricultural Innovation Through Research and Wheat Breeding
• Expanding Access to Futures Trading With Smaller, Flexible Contracts
• Strengthening Coffee Sustainability and Resilience Through Strategic Collaboration
• Enhancing Cocoa Production With Advanced Customization and Regional Supply Resilience
• Advancing Sustainable Farming for Low-Carbon Agricultural Production

Markets Covered:

• Product: Grain Farming; Oilseed Farming; Fruit and Nut Farming; Vegetable Farming; General Crop Farming
• Trading: Online; Offline
• End User: Business to Business; Business to Consumer

Key Companies Profiled:

• Archer Daniels Midland (ADM)
• Wilmar International Limited
• Bunge Limited
• Cargill Inc
• Louis Dreyfus Company B.V.

Key Attributes:

Companies Featured

• Archer Daniels Midland (ADM)
• Wilmar International Limited
• Bunge Limited
• Cargill Inc.
• Louis Dreyfus Company B.V.
• Marubeni Corporation
• Ingredion Incorporated
• Itochu Corporation
• Olam Group
• Nestle S.A.
• DecisionNext, Inc
• Kilcoy Pastoral Company Limited
• StoneX Financial Pty Ltd
• Rallis India Limited
• U.S. Soybean Export Council (USSEC)
• Indian Council of Agricultural Research
• FMC Corporation
• Davis Commodities Limited
• Carfax Commodities (Asia) Pte. Ltd
• Olam International Limited
• Nisun International Enterprise Development Group Co., Ltd
• Henan Yingda Feng Agricultural Development Co., Ltd.
• Corteva Agriscience
• Origin Agritech Ltd
• Syngenta Group
• Pioneer Corporation
• Kubota Corporation
• Zen-Noh
• GS Engineering & Construction
• BASF SE
• Elicit Plant SAS
• Protealis
• Bayer AG
• NYSE Euronext Amsterdam
• Syngenta Global AG
• Legal & General Investment Management (LGIM)
• Glencore plc
• Andermatt Group AG
• SIPCAM OXON S.p.A.
• Agrofert Group
• Grupa Azoty
• Rusagro Group
• Brevant Seeds
• Helios AI
• King Arthur Baking Company
• Agro-K Corporation
• Owensboro Grain Co
• Mississippi
• Cargil
• Archer Daniels Midland Company
• CHS Inc
• Bunge Canada
• McCafe
• Nutrien Ltd
• Richardson International
• Viterra
• Cargill Limited
• GDM Seeds
• Referencia Agroinsumos
• El Tejar
• CME Group
• Al Dahra Agriculture
• Agthia Group
• Iran Bazr Company
• National Grain Company
• Agro-Commodity
• Al Ghurair Foods
• Bunge Middle East
• Al-Futtaim Group
• Olam
• AceAfrica
• Trade Kaiju
• Olam International
• Lonrho
• Zambeef Products Group

For more information about this report visit https://www.researchandmarkets.com/r/hlos20

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