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 forecasted growth is due to climate-resilient crops, digital farming platforms, sustainable practices, and global food security efforts. Anticipated trends include precision agriculture, autonomous farming equipment, digital platform integration, genetically modified crops, and supply chain digitalization.
The grain farming market is poised for growth, driven by the increasing demand for organic food products. This surge in demand is fueled by a consumer preference for agricultural and food items produced through organic farming practices. Organic food products prioritize environmentally sustainable and natural farming methods, minimizing the use of synthetic chemicals such as pesticides and fertilizers. Grain farming plays a pivotal role in providing organic grains for various organic food products. Notably, the Organic Trade Association reported a substantial increase in organic food sales from 2021 to 2022, reaching 61,670, reflecting the growing consumer inclination towards organic choices. This trend underscores the significance of grain farming in meeting the rising demand for organic food products.
Many chemical companies are now offering bio-pesticides as an alternative to traditional chemical pesticides. Bio-pesticides are derived from natural sources such as animals, plants, bacteria, and minerals, making them a safer and more environmentally friendly option. These biological organisms, often referred to as antagonists, include predators, parasitoids, and pathogens. Bio-pesticides are gaining popularity among farmers due to their target-specific nature and reduced harm to crops. This shift towards bio-pesticides aligns with the industry's commitment to sustainable and eco-friendly farming practices, providing a safer alternative for pest control in farmlands.
Major players in the grain farming sector are prioritizing innovation, introducing new products that enhance services for their clientele. A notable example is Ergos, an India-based provider of agriculture supply chain consulting services, which launched GrainBank in October 2023. GrainBank serves as a pivotal post-harvest solution for small and marginal farmers, offering them a platform with the flexibility to store and withdraw a single bag of grains. This innovation ensures uniform grain quality and incorporates digitization throughout the supply chain. GrainBank provides comprehensive post-harvest supply chain solutions, including storage, financing, and market linkages, delivered with the convenience of doorstep access.
Companies in the grain farming industry are embracing technological advancements, exemplified by the introduction of grain-surfing robots. Crover Ltd., a UK-based provider of autonomous grain storage monitoring solutions, unveiled its grain-surfing robot in April 2023. This robotic solution proves invaluable in reducing food waste and enhancing crop management within the agricultural sector. The grain-surfing robot stands out for its ability to monitor the condition of stored grain in warehouses with high-resolution data. This portable robotic solution contributes to more accurate grain storage management and condition monitoring, reflecting the industry's commitment to leveraging technology for improved agricultural practices.
Major companies operating in the grain farming market report are 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.
Asia-Pacific was the largest region in the grain farming market in 2023. North America was the second-largest region in the grain farming market. The regions covered in the grain farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the grain farming market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa. The grain farming market consists of revenues earned by entities that produce grain crops and grain seeds of wheat, barley, oats, corn, rice, and other grains. These crops are typically grown in open fields and have an annual growth cycle. This market excludes processed grain products such as flour and other products. This market also excludes the proceeds from the captive (internal) consumption of the grains for further processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Primary categories of grain farming encompass dry pea and bean farming, wheat farming, among others. Wheat farming specifically focuses on producing this cereal crop primarily for human consumption. The farming methodologies typically involve organic grain farming and traditional farming practices. These grains find diverse applications in food and beverages, animal fodder, and various other industries.
The grain farming market research report is one of a series of new reports that provides grain farming market statistics, including global market size, regional shares, competitors with a grain farming market share, detailed grain farming market segments, market trends and opportunities, and any further data you may need to thrive in the grain farming industry. This grain farming market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
Table of Contents
Executive Summary
Grain Farming Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on grain farming 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.
Reasons to Purchase
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for grain farming? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report 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 market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Dry Pea and Bean Farming; Wheat Farming; Other Grain Farming
2) By Farming Process: Organic Grain Farming; Traditional Farming
3) By Application: Food and Beverages; Fodder; Other Applications
Key Companies Mentioned: Vilmorin & Cie SA; Cargill Incorporated; Archer-Daniels-Midland (ADM); Wilmar International Ltd.; Bunge Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 300 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1585.15 Billion |
Forecasted Market Value ( USD | $ 2218.26 Billion |
Compound Annual Growth Rate | 8.8% |
Regions Covered | Global |