Grain Farming Global Market Report 2024

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 observed in the historic period can be credited to several factors including the introduction of mechanization and advanced farm equipment, increased use of fertilizers and crop inputs, adoption of efficient crop rotation practices, considerations of land use and its availability, implementation of crop insurance programs, as well as factors related to labor availability and associated 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 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.