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Organic Grain Farming Market 2024-2033: Insights & Growth Forecast
Organic Grain Farming Global Market Report 2024
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According to The Business Research Company's, The organic grain farming market size has grown strongly in recent years. It will grow from $46.53 billion in 2023 to $50.51 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to health and wellness trends, retailer and food manufacturer adoption.
The organic grain farming market size is expected to see strong growth in the next few years. It will grow to $71.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to sustainable agriculture initiatives, climate change concerns, supply chain resilience, government support. Major trends in the forecast period include digital technology adoption, organic certification standards, organic animal feed, market consolidation.
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Market Drivers and Trends:
The increasing preference of consumers for organic food products is a key factor driving the growth of the organic grain farming market. Enhanced performance and better quality of products have driven the growth of organic products in the last five years. For instance, according to the research institute of organic agriculture (FiBL) 2020, globally, there are more than 70 million hectares of organic farmland. Also, the rising demand has motivated manufacturers to make organic food more accessible to mainstream markets. For example, Woolworths and Coles supermarkets in Australia now sell a broader variety of organic produce, making it more convenient to purchase organic goods.
The internet of things (IoT)-enabled smart farming is a key trend in the organic grain farming market. IoT-enabled devices and sensors are installed in the field, and farmers can easily access this data via tablets and cell phones. For example, in January 2021, according to an article published by YourStory, a India based startup magazine, numerous horticulture farmers can now manage their crops profitably and remotely thanks to the precision agricultural firm Fasal, which utilizes AI, IoT, and analytics to take the guesswork out of farming. IoT is used by agtech firm Fasal to enable remote horticulture farming.
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Major Key Players of the Market:
Marroquin Organic International, Organic Partners International, Briess Malt and Ingredients Co., St. Charles Trading, International Sugar Organization, Tate and Lyle, Ingredion Incorporated, Cargill, Roquette America, Royal Ingredients Group, AGRANA Beteiligungs AG, Pure Life Organic Foods Limited, Manildra Group, Northern Grain and Pulse, Puris, Parchem Fine and Specialty Chemicals, Ciranda, KMC A/S, Naturz Organics, California Natural Products, SK Food International, Albert Lea Seed, Dow Chemical Company, BASF SE, Solvay SA, AkzoNobel N.V, Nalco Holding Company, Bayer AG, Oronoque Organics, Gilbertie's Herb Gardens, Farming 101, The Hickories, Oxen Hill Farm LLC, sub edge farm, Wickham Gardens - Bednarz Farm, Fort Hill Farm, Riverbank Farm, Upper Forty Farm, Star Light Gardens, Marbleseed, Organic Crop Improvement Association, Custom Ag Formulators Inc., Grain Millers Inc., Organic Valley, Nature's Path Foods, Bob's Red Mill Natural Foods, Lundberg Family Farms, Eden Foods, Amy's Kitchen
Organic Grain Farming Market 2024 Key Insights:
• The organic grain farming market size is expected to see strong growth in the next few years. It will grow to $71.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• Consumer Preference For Organic Products Fuels Growth In The Organic Grain Farming Market
• IOT-Enhanced Smart Farming Revolutionizes The Organic Grain Farming Market
• North America was the largest region in the organic grain farming market in 2023
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