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Grain Farming Global Market 2024 - Top Regions, Latest Technology, Investment Opportunities, Future Trends And Outlook 2033
Grain Farming Global Market
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According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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
Grain Farming Market 2024 Key Insights:
• 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%.
• Rising Demand For Organic Food Products In The Grain Farming Market
• Revolutionizing Grain Farming With Grain-Surfing Robots
• Asia-Pacific was the largest region in the grain farming market in 2023
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