Agricultural Commodities Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

Soft is the fastest growing segment, North America is the largest regional market

The Global Agricultural Commodities Market, valued at USD 225.83 Billion in 2024, is projected to experience a CAGR of 4.96% to reach USD 301.94 Billion by 2030. The global agricultural commodities market encompasses raw materials derived from farming and livestock, including staple crops and animal products, which are traded on international exchanges for direct consumption or as vital industrial inputs. Market expansion is fundamentally supported by an expanding global population, increasing disposable incomes, particularly in emerging economies leading to evolving dietary preferences, and the rising demand for agricultural products in biofuel and other industrial applications.

Key Market Drivers

The continuous expansion of the global population represents a fundamental driver for the agricultural commodities market, directly translating into an increased baseline demand for food, feed, and fiber. As the world's population steadily grows, the sheer volume of agricultural output required to sustain consumption patterns expands commensurately, impacting commodity prices and trade flows. This demographic trend places sustained pressure on production systems to enhance yields and efficiency.

The necessity to feed a larger populace mandates higher annual production; according to the Food and Agriculture Organization of the United Nations (FAO), in its October 2024 'Cereal Supply and Demand Brief', global food consumption of cereals for the 2024/25 season is forecast to reach a record 1.24 billion tonnes, largely driven by population expansion. This underscores the direct link between demographic growth and the agricultural supply imperative.

Key Market Challenges

The escalating impact of climate change, frequently manifesting as extreme weather events, presents a substantial challenge to the global agricultural commodities market. These climatic shifts directly disrupt established agricultural production cycles through phenomena such as prolonged droughts, excessive rainfall, and unpredictable temperature fluctuations. Such events cause significant crop damage, reduce yields, and can delay or prevent harvesting, leading to diminished overall output.

Furthermore, extreme weather can damage infrastructure and logistics, thereby hindering global supply chains and increasing transportation costs. This volatility in supply directly contributes to price instability and uncertainty for market participants. According to Copa-Cogeca, in 2024, total EU cereal production is projected to decrease by 4.7%, from 269.89 million tons in 2023 to 257.31 million tons. This reduction underscores how climate-related factors are actively constraining the growth trajectory of agricultural commodity availability and market stability.

Key Market Trends

Digital agriculture transformation involves integrating advanced technologies to enhance efficiency and decision-making across agricultural operations. Precision farming systems, IoT sensors, and data analytics are increasingly deployed to optimize resource utilization and improve yields. According to U. S. Department of Agriculture (USDA) reporting in January 2024, 27 percent of U. S. farms utilized precision agriculture practices in 2023. These tools provide real-time insights into soil conditions, crop health, and weather patterns, enabling targeted interventions and reducing waste. Cargill Ventures, by March 2024, had invested in Bushel, an agricultural software developer, and Grão Direto, a digital commodities trading platform, reflecting strategic focus on digital solutions across the supply chain.

Key Market Players Profiled:

• Archer Daniels Midland Company
• AGROPECUARIA MAGGI LTDA
• Bunge Global SA
• Cargill, Incorporated
• Golden Agri-Resources Ltd
• JBS USA Food Company Holdings
• Louis Dreyfus Company B.V.
• Olam Group Limited
• Wilmar International Limited
• Marfrig Global Foods SA

Report Scope:

In this report, the Global Agricultural Commodities Market has been segmented into the following categories:

By Type:

• Hard
• Soft

By Trading Type:

• Online
• Offline

By Product Type:

• Soybeans
• Corn
• Wheat
• Rice
• Cocoa
• Coffee
• Cotton
• Spices
• Oil Seed
• Sugar
• Meat
• Dairy Products
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Agricultural Commodities Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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