Agriculture

Global Organic Grain Farming Market Forecast 2024-2033: Estimated Market Size And Growth Rate

January 5, 2024 by The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The organic grain farming market has witnessed a robust growth trajectory in recent years. In 2023, the market size stood at $46.53 billion, set to burgeon to $50.51 billion in 2024, reflecting a noteworthy compound annual growth rate (CAGR) of 8.6%. This upward surge is attributed to various factors, including health and wellness trends, as well as the increasing adoption by retailers and food manufacturers.

Driving Forces Behind the Growth

Health and Wellness Trends: A growing awareness of health and wellness among consumers has fueled the demand for organic food products. Consumers are increasingly opting for organic options due to their perceived health benefits.

Retailer and Food Manufacturer Adoption: The endorsement of organic products by major retailers and food manufacturers has played a pivotal role in expanding the market. Initiatives by supermarkets like Woolworths and Coles in Australia have made organic produce more accessible to mainstream markets.

Looking Ahead: A Bright Forecast

The organic grain farming market is poised for strong growth in the coming years. The forecast predicts a leap to $71.07 billion in 2028, with a CAGR of 8.9%. Key drivers for this anticipated growth include sustainable agriculture initiatives, rising concerns about climate change, a focus on supply chain resilience, and government support. Noteworthy trends in the forecast period encompass the adoption of digital technology, the evolution of organic certification standards, the rise of organic animal feed, and increased market consolidation.

The Role of Consumers in Market Dynamics

Consumer Preference for Organic Products: The increasing inclination of consumers towards organic food products is a pivotal factor driving market growth. Improved performance and superior quality of organic products have propelled their popularity.

Global Organic Farmland: Research from the FiBL reveals that there are over 70 million hectares of organic farmland globally, underscoring the significant footprint of organic agriculture.

Market Accessibility: Major companies in the organic grain farming market, such as Marroquin Organic International and Organic Partners International, are adapting to meet rising demand. For instance, supermarkets like Woolworths and Coles are expanding their organic product offerings.

View More On The Organic Grain Farming Market Report 2024 – https://www.thebusinessresearchcompany.com/report/organic-grain-farming-global-market-report

Revolutionizing Agriculture with Technology

IoT-Enabled Smart Farming: The integration of the Internet of Things (IoT) in farming practices is a transformative trend. With sensors and devices deployed in fields, farmers can access real-time data via tablets and smartphones. This enables precision agriculture, as seen in the case of Fasal, an agtech firm facilitating remote horticulture farming through AI, IoT, and analytics.

A Strategic Partnership: Boosting Supply for Organic Grains

Bell & Evans-Cargill Collaboration: In February 2021, Bell & Evans, a US-based poultry producer, partnered with Cargill to enhance its organic grain supply. This collaboration aims to incentivize US farmers to transition to organic management, contributing to the Bell & Evans Organic Grain Initiative, which plans to transition 50,000 acres to certified organic production over five years.

Cargill’s Commitment to Sustainability: As the largest privately held company in the US, Cargill is committed to sustainability and corporate responsibility. Through this partnership, Cargill demonstrates its dedication to fostering a robust and sustainable organic grain supply chain.

Market Segmentation for In-Depth Analysis

The organic grain farming market, covered in this report, is segmented based on:

Type: Organic Corn, Organic Wheat, Other Types
Farming Type: Pure Organic Farming, Integrated Organic
End-User: Household, Commercial, Other End Users

Dominance in North America

North America’s Lead: In 2023, North America emerged as the largest region in the organic grain farming market. The region’s prominence is indicative of the growing traction for organic farming practices in this market.

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The Organic Grain Farming Global Market Report 2024 provides comprehensive insights on the organic grain farming market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the organic grain farming market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Organic Farming Global Market Report 2024

Organic Fruit And Nut Farming Global Market Report 2024

Grain Alcohol Global Market Report 2024

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