Discover trends, market shifts, and competitive outlooks for the agriculture industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has The Agriculture Market Growth Evolved From 2024 To 2025, And What’s Ahead?

The size of the agriculture market has shown significant growth in recent years. From $14361.62 billion in 2024, it is projected to escalate to $15502.69 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%. The historical growth can be ascribed to factors such as population growth, worldwide trade expansion, government regulations, products for crop protection, weather and climatic conditions, as well as programs for rural development.

In the coming years, the agriculture market is projected to experience substantial growth, reaching a value of $20637.4 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 7.4%. The anticipated growth during the forecast period can be traced back to the increased implementation of sustainable agriculture practices, the advent of genetic engineering in crops, organic and vertical farming, and solutions for global food security through water management. Key trends predicted during this forecast period encompass precision-based agricultural techniques, the incorporation of artificial intelligence into farming operations, online marketplaces dedicated to agricultural products, the use of automated farming machinery, and the uptake of farm management software.

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What Are the Primary Drivers Supporting the Market Growth of the Agriculture Market?

With the global population on track to hit 10 billion by 2050, there’s an inevitable increase in the demand for food resources. The Agricultural Outlook, a publication by the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO), predicts a 13% surge in worldwide cereal production by 2027. To meet the food needs of this expanding population, there will be a boost in crop production, farming ventures, and trading volume. Agribusiness corporations are predicted to acquire more farmable land to raise crop yield. Additionally, agricultural firms are projected to escalate their operational activities and extend their reach to cater to the intensified demand, thus enhancing their growth rate.

Which Primary Segments of the Agriculture Market Are Driving Growth and Industry Transformations?

The agriculture market covered in this report is segmented –

1) By Type: Animal Produce, Crop Production, Rural Activities

2) By Nature: Organic, Conventional

3) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels

Subsegments:

1) By Animal Produce: Livestock, Poultry, Dairy Products

2) By Crop Production: Cereal Crops, Oilseed Crops, Horticultural Crops

3) By Rural Activities: Agroforestry, Organic Farming, Agricultural Services

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Agriculture Market?# Market?

Asia-Pacific was the largest region in the agriculture market in 2024. North America was the second largest region in the agriculture market. The regions covered in the agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Most Significant Market Trends in the Agriculture Market?

Key enterprises in the agricultural sector are innovating agriculture drones to gather accurate data regarding soil health, plant conditions, and pest invasions which fortifies their standing in the market. These agriculture drones, which are unmanned aerial vehicles (UAVs), are employed in the agricultural sector to enhance crop yields, decrease expenses, and augment efficiency. Taking an example, in July 2023, XAG an enterprise based in China that provides drone services, unveiled the XAG P100 Pro. The XAG P100 Pro is a sophisticated and efficacious drone that aids agriculturists with their farming requirements. It comes with a hefty payload of 50 kilograms, thereby making it a highly productive farming drone. The XAG P100 Pro has full autonomy as an unmanned aerial system and can assist farmers with tasks like seeding, crop spraying, and fertilization. The drone is equipped with a dual-link communication system that guarantees steady operation on LAN and under weak network situations.

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What Parameters Are Used to Define the Agriculture Market?

Agriculture refers to the practice of cultivating soil, growing crops, and raising animals for food, fiber, and other products. It is used to produce essential goods that sustain human life, contribute to economic development, and support livelihoods. Additionally, agriculture plays a crucial role in maintaining ecosystem balance and promoting sustainability.

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