Insights Into The Agriculture Market’s Growth Opportunities Through 2023-2032 – Includes Agriculture Market Share
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An increase in the population creates more demand for food are expected to drive innovation in agriculture manufacturing, thus driving the market during the forecast period.
The global agriculture market is expected to grow from $12,245.63 billion in 2022 to $13,398.79 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The agriculture market is expected to grow to $19,007.8 billion in 2027 at a CAGR of 9.1%.
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Global Agriculture Market Segments Include:
- By Type: Animal Produce, Crop Production, Rural Activities
- By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
- By Nature: Organic, Conventional
- Subsegments Covered: Milk, Honey, Meat, Wool, Egg, Skin And Hide, Live Animals, Other Animal Produce, Grain Farming, Oilseed Farming, Fruit And Nut Farming, Vegetable Farming, General Crop Farming, Greenhouse, Nursery, And Flowers, Fishing, Hunting And Trapping, Forestry And Logging, Agriculture And Forestry Services
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global agriculture market in 2021.
Major Market 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.
A shortage of labour and increasing demand for advanced agriculture tools in many countries is driving the demand for agriculture robots, or agribots. Agribots are used on farmlands for pruning, weeding, and spraying pesticides and herbicides. They are connected to tractors for spraying water, seeds, pesticides, nutrients, and harvesting. For instance, the Energid Citrus Picking Robot System picks an orange every two seconds from a tree, thus enhancing productivity and thereby limiting the need for agricultural labor. Some of the companies providing ag robots for effective and efficient productivity in agriculture are Small Robot Company, Naio Technologies, EarthSense, HETO Agrotechnics, Harvest Automation, PrecisionHawk, BoniRob, and others.
The Agriculture Global Market Report 2023 provides a agriculture market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The agriculture market forecast analyzes agriculture market size, agriculture market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Agriculture involves the cultivation of plants, and animal and bird rearing for food, fabrics, fibers, biofuel, medicinal and other products used to sustain and enhance human life.
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