Agribusiness Market Share, Size, Key Players, Demand, Analysis and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "𝐀𝐠𝐫𝐢𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖," The study provides a detailed analysis of the industry, including the global agribusiness market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the agribusiness market?

The global agribusiness market size reached US$ 3.2 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Trillion by 2028, exhibiting a growth rate (CAGR) of 3.31% during 2023-2028.

What is Agribusiness?

Agribusiness encompasses the entire spectrum of commercial activities related to agriculture. It includes not only farming and cultivation of crops and livestock but extends to various stages such as seed production, agrichemicals, farm machinery, processing, distribution, marketing, and retail. Unlike traditional farming, agribusiness looks at agriculture as an interconnected industry. It focuses on the entire value chain, transforming raw agricultural products into consumable goods found on store shelves. The field integrates farming with various business disciplines, such as management, marketing, finance, and logistics, to optimize the production and distribution processes. Technological advancements play a significant role in modern agribusiness, introducing innovations such as precision farming, automation, and sustainable practices. Agribusiness plays a vital role in global economies, contributing to GDP, employment, trade, and food security. It links farmers to consumers, providing a pathway for food, fiber, and fuel to reach markets around the world.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/agribusiness-market/requestsample

What are the growth prospects and trends in the agribusiness industry?

• Significant technological innovations represents one of the key factors driving the growth of the agribusiness market across the globe. The rising use of GPS, drones, and data analytics allows for more precise farming by improving efficiency and productivity which is further boosting the growth of the market. Genetic engineering and advancements in breeding techniques enhance crop yield and resistance to pests which is driving the demand for agribusiness, thus boosting the growth of the market. The market is also driven by the growing global population which is driving demand for more food, fiber, and fuel.
• Urbanization shifts dietary patterns and influences the supply chain, which creates opportunities for agribusiness. In addition to this, governments provide financial incentives to promote domestic agriculture which is influencing the growth of the market. International trade agreements and tariffs impact the global competitiveness of agricultural products which is fueling the market growth. The effects of climate change on weather patterns are influencing farming practices and crop yields which is further propelling the growth of the market.
• The rising shift towards sustainable and responsible farming practices opens new market opportunities. Apart from this, fluctuations in the prices of agricultural commodities directly affect the market. Capital investment in farming technologies and infrastructure is stimulating the growth of the market. Efficient supply chain management ensures the timely delivery of products from farm to market. The emergence of online marketplaces and direct-to-consumer models creates new channels for agricultural products which is facilitating the growth of the market.
• The growing consumer awareness of health and nutrition is leading to demand for organic, non-GMO, and locally-sourced products which are driving the growth of the market. Culinary trends and cultural preferences shape the demand for specific crops and products which is supporting the growth of the market. Moreover, economic development in emerging markets increases disposable income and changes food consumption patterns which is creating a positive outlook for the market across the globe.

What is included in market segmentation?

The report has segmented the market into the following categories:

Market Breakup by Product:

• Grains
o Wheat
o Rice
o Coarse grains-ragi
o Sorghum
o Millets
• Oilseeds
o Wheat
o Rice
o Coarse grains-ragi
o Sorghum
• Dairy
o Liquid milk
o Milk powder
o Ghee
o Butter
o Ice-cream
o Cheese
o Others
• Livestock
o Pork
o Poultry
o Beef
o Sheep meat
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• ABP Food Group
• Archer-Daniels-Midland Company
• Associated British Foods Plc
• BASF SE
• Bayer AG
• Bunge Limited
• Cargill Limited
• Cargill Incorporated
• CHS Inc.
• Nippon Soda Co. Ltd.
• Nutrien Ltd.
• Syngenta AG (China National Chemical Corporation)
• Wilmar International Limited.

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=8009&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

IMARC Group

134 N 4th St Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

This release was published on openPR.