Press release
Global Grain Farming Market 2024 : Trends, Business Growth And Major Driving Factors | Vilmorin & Cie SA, Cargill Incorporated, Archer-Daniels-Midland (ADM), Wilmar International Ltd
Grain Farming Global Market Report
The Business Research Company offers in-depth market insights through Grain Farming Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The grain farming market size has grown strongly in recent years. It will grow from $1455.37 billion in 2023 to $1585.15 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to mechanization and farm equipment, fertilizer and crop inputs, crop rotation practices, land use and availability, crop insurance programs, labor availability and costs.
The grain farming market size is expected to see strong growth in the next few years. It will grow to $2218.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to climate-resilient crops, digital farming platforms, sustainable practices, global food security, promotion of diversified crop rotations. Major trends in the forecast period include precision agriculture technologies, autonomous farming equipment, integration of digital farming platforms, genetically modified (gm) crops, digitalization of supply chain management.
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Market Segmentation:
The grain farming market covered in this report is segmented -
1) By Type: Dry Pea And Bean Farming, Wheat Farming, Other Grain Farming
2) By Farming Process: Organic Grain Farming, Traditional Farming
3) By Application: Food And Beverages, Fodder, Other Applications
Major Driver - Rising Demand For Organic Food Products In The Grain Farming Market
The rising demand for organic food products is expected to propel the growth of the grain farming market going forward. Organic food products are agricultural and food items that are produced by specific organic farming practices by prioritizing environmentally sustainable and natural methods of farming by minimizing the use of synthetic chemicals. Organic food products use grain farming for providing organic grains that are used in various organic food products without synthetic pesticides or chemical fertilizers. For instance, in May 2023, according to Organic Trade Association a US based membership-based business association, the organic food sales in 2021 was 59,149 and this has increased to 61,670 in 2022.Therefore, the rising demand for organic food products is driving the growth of the grain farming market.
Competitive Landscape:
Major companies operating in the grain farming market report are Vilmorin & Cie SA, Cargill Incorporated, Archer-Daniels-Midland (ADM), Wilmar International Ltd., Bunge Limited, Louis Dreyfus, Olam International, Bayer AG, adische Anilin- und Sodafabrik SE, Nutrien Ltd, Syngenta AG, CJ Cheiljedang Corp., Associated British Foods plc, Corteva Inc., Seaboard Corporation, Scoular Company, Ingredion Incorporated, UPL Limited, Nisshin Seifun Group Inc., Gruma SAB de CV, Ardent Mills, KWS Saat SE, Grain Craft, Bay State Milling Co., Blaine Larsen Farms Inc., Hartung Brothers Inc., Noffsinger Manufacturing Co. Inc., Miller Milling Co., Village Farms International, Soufflet SA
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Top Trend - Revolutionizing Grain Farming With Grain-Surfing Robots
Major companies operating in the grain farming are focusing on innovating new products, such as grain-surfing robot to provide reliable services to their customers. Grain-surfing robot is widely used in grain farming practices as it helps to reduce food waste and improve crop management in the agricultural industry. For instance, in April 2023, Crover Ltd a UK based provider of an autonomous grain storage monitoring solutions launched grain-surfing robot. Grain-surfing robot is a robot that can monitor the condition of grain stored in warehouses with high-resolution data. This is a unique portable robotic solution that can be used to manage grain storage and monitor grain condition with much more accuracy.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Grain Farming Market Characteristics
3. Grain Farming Market Trends And Strategies
4. Grain Farming Market - Macro Economic Scenario
5. Grain Farming Market Size And Growth
…..
27. Grain Farming Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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