The briefing examines how the agriculture industry is performing globally and in the largest countries in terms of agriculture output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies.
Key Findings
Industry to maintain stable growth, but challenges mount
Asia Pacific, North America and Europe are expected to continue driving the industry’s growth. However, risk factors such as extreme weather conditions and rising price pressures, will continue to impact the agriculture industry. Changing global trade landscape can also lead to the redistribution of existing sales channels and cause price volatility.
China and India to remain the largest producers
China and India are forecast to maintain their positions as the largest agricultural product suppliers globally by 2029. Growing demand and output of higher-value products, such as pork and other meats, are driving agricultural output growth in China. In India, increasing adoption of technology and investments into new farming methods drives the industry’s modernisation and faster revenue growth.
Trade diversification to reshape supply networks over the forecast period
Rising geopolitical tensions and global trade restructuring, driven by the US trade tariffs, will be among the key challenges for the agriculture industry. Suppliers of agricultural commodities will need to find ways to shield from tariff impact and potentially search for new geographic markets to sell their products.
US loses positions in China, opening the market for other suppliers
Despite rising tensions, the US remained China’s second-largest agricultural trading partner in 2024. However, China continues to diversify its agricultural trade and has increased imports from Brazil and regional partners, such as India and Thailand. Investments in the agriculture industry also continue to support domestic supply of agricultural goods, especially in the livestock category.
The Global Overview of the Agriculture Industry report offers a unique insight into key trends shaping the industry world-wide and in the largest markets. Aimed at strategists and planners, it draws on the publisher's vast information resources to give top line insight across manufacturing, B2B and services sectors. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key trends on industry’s performance, demand drivers, trade, leading companies and future trends. This allows company leaders to reflect on the behaviour and motivation driving global markets today and tomorrow.
Product coverage: Agriculture: ISIC 1, Business Services, Chemical Products, Construction and Real Estate, Education: ISIC 80, Energy, Finance and Insurance, Food, Beverages and Tobacco, Forestry, Wood and Paper, Government and Membership Organizations, Healthcare and Social Services, Hi-tech Goods, Hotels and Restaurants, Household Goods, Information and Communications, Machinery, Metal Products, Non-metalic Mineral Products, Personal Services, Pharmaceuticals and Medical Equipment, Recreation, Entertainment and Arts, Retail and Wholesale, Rubber and Plastic, Textile and Leather Products, Transport and Storage, Transport Equipment, Utilities and Recycling.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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