PUBLISHER: The Business Research Company | PRODUCT CODE: 1702701
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702701
An agricultural commodity refers to a raw product sourced from farming and agriculture, essential for consumption, trade, or further processing. These commodities are typically produced in large quantities and play a crucial role in global trade and economies.
The primary agricultural commodities include soybeans, corn, wheat, rice, cocoa, coffee, cotton, spices, and other products. Soybeans, for example, are legumes cultivated primarily for their protein-rich seeds, widely utilized in various food and industrial applications. They are integral to livestock feed and processed foods such as oils and soy milk. Soybeans are traded through various channels, both online and offline, serving diverse end-users ranging from business-to-business to business-to-consumer markets.
The agricultural commodity market research report is one of a series of new reports from The Business Research Company that provides agricultural commodity market statistics, including agricultural commodity industry global market size, regional shares, competitors with an agricultural commodity market share, detailed agricultural commodity market segments, market trends, and opportunities, and any further data you may need to thrive in the agricultural commodity industry. This agricultural commodity research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The agricultural commodity market size has grown strongly in recent years. It will grow from $220.48 billion in 2024 to $234.16 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increasing crop yields, increasing nutritional value, increasing agricultural production, an increase in water efficiency in farming, and a rise in income levels.
The agricultural commodity market size is expected to see strong growth in the next few years. It will grow to $293.91 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing demand for healthier diets, growing adoption of hydroponics, growing interest in renewable energy sources, increasing population and changing consumer taste, and growing demand for biofuels. Major trends in the forecast period include technological advancements, sustainable farming practices, biotechnological innovations, shifts in dietary preferences, and digital agriculture adoption.
The agricultural commodity market is set to grow driven by increasing demand for healthier diets. Healthier diets promote physical well-being and lower the risk of chronic diseases, fueled by rising health awareness, concerns over food safety, weight management goals, chronic disease prevalence, and access to nutritious food options. Agricultural commodities play a crucial role in supporting these diets by providing essential nutrients, offering diverse food choices, and enhancing overall health and wellness. For instance, according to the 2022 Food and Health Survey by the International Food Information Council (IFIC), a US-based nonprofit organization that promotes science-based information on nutrition, food safety, and sustainable food systems, around 54% of Americans followed a specified diet or eating pattern in 2024, up from 52% in 2023 and 39% in 2021. The top choices were High protein (20%), mindful eating (20%), and Intermittent fasting (13%), This trend underscores the increasing demand for healthier diets driving growth in the agricultural commodity market.
Leading companies in the agricultural commodities market focusing on innovative solutions, such as high-yield and high-protein soy seed varieties, to improve crop yield and resilience. High-yield soy seed varieties produce a greater quantity of soybeans per acre, while high-protein varieties contain a higher percentage of protein, enhancing their nutritional value and market appeal. For example, in March 2024, Protealis, a Belgium-based developer of seeds and seed technologies for sustainable plant proteins, launched the PRO Vesuvio, PRO Helicon, PRO Taranaki, and PRO Jacinto varieties in Europe, targeting the colder climates of Northern Europe. This initiative aims to boost local protein production and provide sustainable alternatives for farmers transitioning away from traditional crops. These varieties are specifically bred to thrive in shorter growing seasons and colder conditions, making them ideal for regions like Belgium, France, and Germany. They are designed to offer both high yield and high protein content, supporting European farmers looking to adopt more sustainable practices in their crop rotations.
In December 2023, Rovensa Group, a Portugal-based agricultural technology and crop protection solutions company, acquired Agro-K Corporation to bolster its presence in the biostimulant market and expand its portfolio in the US agricultural sector. Agro-K Corporation specializes in organic and sustainable agricultural inputs, reflecting the industry's shift towards more environmentally friendly practices and solutions.
Major companies operating in the agricultural commodity market are Glencore plc, Cargill Inc., Nestle S.A., Archer Daniels Midland Company, BASF SE, Bunge Limited, Bayer AG, Louis Dreyfus Company B.V., Yara International ASA, General Mills Inc., Smithfield Foods Inc., Wilmar International Limited, Syngenta Group, Barry Callebaut Group, Ingredion Incorporated, Fresh Del Monte Produce Inc., Olam International Limited, Adecoagro S.A., BrasilAgro Companhia Brasileira de Propriedades Agricolas, Devex S.A., Agrium Inc., Monsanto Company, Agro-K Corporation
North America was the largest region in the agricultural commodity market in 2024. The regions covered in the agricultural commodity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the agricultural commodity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The agricultural commodity market consists of sales of livestock and animal products, fruits, vegetables, oilseeds, nuts, and fibers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Agricultural Commodity Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on agricultural commodity market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for agricultural commodity ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The agricultural commodity market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.