Agribusiness Market Size, Share, Trends & Growth Report 2031

Segments - Agribusiness Market by Products (Grains & Cereals, Dairy, Oilseeds, Livestock, and Others), Applications (Agrichemicals, Seed Businesses, Breeding, Machinery and Equipment, and Others), Types (Manufacturers, Suppliers, Research & Development, and Others), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

Agribusiness Market Outlook 2031

The Global Agribusiness Market Size was valued at USD 3.2 Trillion in 2022 and is likely reach to USD 4.29 Trillion by 2031, expanding at a CAGR of 3.31% during the forecast period, 2023-2031. The growth of the market is attributed to the increasing demand for food products due to growing population.

Agribusiness is a combination of agriculture and business. It refers to any business that encompasses farming and farming-related commercial activities. It involves production, processing, and distribution of agricultural products. Agribusiness is a broad industry, which includes wide range of different companies and operations.

Agribusiness is a combination of agriculture and business. It refers to any business that encompasses farming and farming-related commercial activities. It involves production, processing, and distribution of agricultural products. Agribusiness is a broad industry, which includes wide range of different companies and operations.

For example, it includes small family farms and multinational conglomerates producing food on a national scale. Agribusiness supports the growth of the agricultural industry, which is critical for economic growth.

It contributes to sustainable food production and provides opportunities for income in developing countries. With rising significance of bio-crops, favorable policies, and technological advancements, the global agribusiness market is expected to expand at a rapid pace.

Agribusiness Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for food globally attributes to the growth of the market.
Rising demand for bio-fuel made from bio-fuel crops, such as wheat, soybean, sugarcane, corn, and others, is expected to boost the market.
Initiatives taken by governments to improve trade policies by introducing favorable Free Trade Agreements (FTA) across the globe are anticipated to drive the market.
The COVID-19 pandemic affected the global agribusiness market negatively by disturbing production and demand equation and disrupting supply chain and market, which hindered the growth of the market.
Changing climate, farmland reduction, and increasing competition are anticipated to hamper the growth of the market during the forecast period.
New and innovative technological developments are estimated to bring efficiency in agribusiness and create lucrative opportunities for key market players.

Scope of Agribusiness Market Report

The report on the global agribusiness market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Agribusiness Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Products (Grains & Cereals, Dairy, Oilseeds, Livestock, and Others), Applications (Agrichemicals, Seed Businesses, Breeding, Machinery and Equipment, and Others), and Types (Manufacturers, Suppliers, Research & Development, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Bayer CropScience, LLC; Cargill, Inc.; The Monsanto Company; Syngenta Crop Protection; Nestlé S.A.; Wilmer International Limited; Associated British Foods PLC; Brasil Agro; Bunge Limited; Cairo Poultry Company; CHS, Inc.; LT Foods, Ltd.; Nutrien; Deere & Company; BASF SE; CNH Industrial N. V.; The Archer-Daniels-Midland Company; and Others

Agribusiness Market Segment Insights

Products Segment Analysis

Based on products, the market is divided into grains and cereals, dairy, oilseeds, livestock, and others. The grain & cereals segment is projected to drive the market during the forecast period, due to rising demand for wheat and rice, as it is staple food for majority of global population.

High demand for rice in developing countries, where rice is preferred due to its economical rates, is expected to expand the market in the coming years as well.

Applications Segment Analysis

On the basis of applications, the market is segmented into agrichemicals, seed businesses, breeding, machinery and equipment, and others. The agrichemical segment is expected to drive the market during the forecast period, due to growing food demand globally, rising concerns regarding synthetic fertilizers and pesticides, and increasing demand for protecting crops and environment.

Agrichemical manufacturing companies are constantly developing novel technologies and products, which surges the growth of the market.

Types Segment Analysis

Based on types, the market is divided into manufacturers, suppliers, research & development, and others. The manufacturers segment is projected to expand at a rapid pace, owing to rising demand for farming machines and equipment by farmers to harvest their crops and complete various tasks around farms.

Key players cater to such rising demand by developing and launching innovative technologies such as sensors, drones, and others, which expands the manufacturers segment and boosts the market.

Agribusiness Market Regional Analysis

Based on regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is projected to expand at a high CAGR during the forecast period, owing to increasing usage of data and technology among companies in the region to enhance quality and quantity of agribusiness products.

Segments

Products

Grains & Cereals
Dairy
Oilseeds
Livestock
Others

Applications

Agrichemicals
Seed Businesses
Breeding
Machinery and Equipment
Others

Types

Manufacturers
Suppliers
Research & Development
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Bayer CropScience, LLC
Cargill, Inc.
The Monsanto Company
Syngenta Crop Protection
Nestlé S.A.
Wilmer International Limited
Associated British Foods PLC
Brasil Agro
Bunge Limited
Cairo Poultry Company
CHS, Inc.
LT Foods, Ltd.
Nutrien
Deere & Company
BASF SE
CNH Industrial N. V.
The Archer-Daniels-Midland Company
Others

Competitive Landscape

Key players such as Bayer CropScience, LLC; Cargill, Inc.; The Monsanto Company; Syngenta Crop Protection; Nestlé S.A.; Wilmer International Limited; Associated British Foods PLC; Brasil Agro; Bunge Limited; Cairo Poultry Company; CHS, Inc.; LT Foods, Ltd.; Nutrien; Deere & Company; BASF SE; CNH Industrial N. V.;

The Archer-Daniels-Midland Company; and others use business strategies such as mergers, acquisitions, collaborations, partnerships, and product launches to strengthen their hold on the market.

In May 2022, Syngenta Crop Protection, a provider of agricultural science and technology, and M2i, a technology provider of a pheromone-based crop protection solutions, collaborated to launch EXPLOYO Vit, a pheromone-based solution to help wine growers in France to control and manage detrimental pests that damage grape vines.
In January 2022, Nestlé S.A. announced a USD 1.25 billion program to enhance its chocolate business by improving livelihoods of cocoa-farming families in Côte d’Ivoire and Ghana, as well as advancing sustainable practices and gender equality.

Agribusiness Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Agribusiness Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Agribusiness Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Agribusiness Market - Supply Chain
  4.5. Global Agribusiness Market Forecast
     4.5.1. Agribusiness Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Agribusiness Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Agribusiness Market Absolute $ Opportunity
5. Global Agribusiness Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Agribusiness Market Size and Volume Forecast by Types
     5.3.1. Manufacturers
     5.3.2. Suppliers
     5.3.3. Research & Development
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Agribusiness Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Agribusiness Market Size and Volume Forecast by Applications
     6.3.1. Agrichemicals
     6.3.2. Seed Businesses
     6.3.3. Breeding
     6.3.4. Machinery and Equipment
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Agribusiness Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Agribusiness Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Agribusiness Demand Share Forecast, 2019-2026
8. North America Agribusiness Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Agribusiness Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Agribusiness Market Size and Volume Forecast by Types
     8.4.1. Manufacturers
     8.4.2. Suppliers
     8.4.3. Research & Development
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Agribusiness Market Size and Volume Forecast by Applications
     8.7.1. Agrichemicals
     8.7.2. Seed Businesses
     8.7.3. Breeding
     8.7.4. Machinery and Equipment
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Agribusiness Demand Share Forecast, 2019-2026
9. Latin America Agribusiness Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Agribusiness Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Agribusiness Market Size and Volume Forecast by Types
     9.4.1. Manufacturers
     9.4.2. Suppliers
     9.4.3. Research & Development
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Agribusiness Market Size and Volume Forecast by Applications
     9.7.1. Agrichemicals
     9.7.2. Seed Businesses
     9.7.3. Breeding
     9.7.4. Machinery and Equipment
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Agribusiness Demand Share Forecast, 2019-2026
10. Europe Agribusiness Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Agribusiness Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Agribusiness Market Size and Volume Forecast by Types
     10.4.1. Manufacturers
     10.4.2. Suppliers
     10.4.3. Research & Development
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Agribusiness Market Size and Volume Forecast by Applications
     10.7.1. Agrichemicals
     10.7.2. Seed Businesses
     10.7.3. Breeding
     10.7.4. Machinery and Equipment
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Agribusiness Demand Share Forecast, 2019-2026
11. Asia Pacific Agribusiness Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Agribusiness Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Agribusiness Market Size and Volume Forecast by Types
     11.4.1. Manufacturers
     11.4.2. Suppliers
     11.4.3. Research & Development
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Agribusiness Market Size and Volume Forecast by Applications
     11.7.1. Agrichemicals
     11.7.2. Seed Businesses
     11.7.3. Breeding
     11.7.4. Machinery and Equipment
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Agribusiness Demand Share Forecast, 2019-2026
12. Middle East & Africa Agribusiness Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Agribusiness Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Agribusiness Market Size and Volume Forecast by Types
     12.4.1. Manufacturers
     12.4.2. Suppliers
     12.4.3. Research & Development
     12.4.4. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Agribusiness Market Size and Volume Forecast by Applications
     12.7.1. Agrichemicals
     12.7.2. Seed Businesses
     12.7.3. Breeding
     12.7.4. Machinery and Equipment
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Agribusiness Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Agribusiness Market: Market Share Analysis
  13.2. Agribusiness Distributors and Customers
  13.3. Agribusiness Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Bayer CropScience, LLC
     13.4.2. Cargill, Inc.
     13.4.3. The Monsanto Company
     13.4.4. Syngenta Crop Protection
     13.4.5. Nestlé S.A.
     13.4.6. Wilmer International Limited
     13.4.7. Associated British Foods PLC
     13.4.8. Brasil Agro
     13.4.9. Bunge Limited
     13.4.10. Cairo Poultry Company
     13.4.11. CHS, Inc.
     13.4.12. LT Foods, Ltd.
     13.4.13. Nutrien
     13.4.14. Deere & Company
     13.4.15. BASF SE
     13.4.16. CNH Industrial N. V.
     13.4.17. The Archer-Daniels-Midland Company
     13.4.18. Others