Increasing adoption of advanced agricultural practices is expected to drive the growth of the global agricultural commodities market. According to TechSci Research report, “Global Agricultural Commodities Market By Type (Hard Vs Soft), By Trading Type (Online Vs Offline), By Product Type (Soybeans, Corn, Wheat, Rice, Cocoa, Coffee, Cotton, Spices, Oil Seed, Sugar, Meat, Dairy Products, Others), By Region, Forecast & Opportunities, 2025”, the global agri commodities market is expected to grow at a steady rate during the forecast period on account of flourishing food & beverage industry.
The Important Aspects of the Global Agricultural Commodities Market
This has increased the demand for various agricultural commodities for use and also the production of new food products. For instance, cocoa is used for the production of chocolates, and sugar is used as a sweetener for the production of beverages, biscuits, and other food products. Additionally, the use of agricultural commodities both for consumption as well as industrial purposes is further expected to propel the market growth through 2025. For instance, corn is being used as food, feed & fodder, and also for fuel production. Also, the growing need to maintain global food safety & security is further expected to fuel the market growth during the forecast period.
However, global warming and climate change might hamper agricultural production, thereby slowing down market growth. Besides, natural calamities such as draughts, and floods, among others, further destroy the crops, thereby impeding the market growth. Also, increasing incidences of pest attacks further destroy the produce. Furthermore, urbanization and industrialization have led to a decrease in per capita arable land, thereby hindering market growth over the next few years.
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The global agricultural commodities market is segmented based on type, trading type, product type, company, and region. Based on product type, the market can be fragmented into soybeans, corn, wheat, rice, cocoa, coffee, cotton, spices, oil seed, sugar, meat, dairy products, and others. Here, sugar is expected to hold a significant market share since it is one of the most widely traded commodities. On the other hand, the meat segment is also expected to witness significant growth on account of the growing number of non-vegetarian food consumers.
The Major Competitors of the Global Agri Commodities Market
- NCDEX
- Agrex Inc.
- Aspect CTRM
- Avatrade
- Vosbor
- MCX India
- CME Group Inc
- Europe Energy Exchange and others are some of the leading players operating in the global agricultural commodities market. The companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share.
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“Asia-Pacific is expected to dominate the global agri commodities market during the forecast period since the region is the world’s largest production giant. China is the largest producer of wheat, rough rice, lean hogs, and pork bellies, among others, and the second largest producer of maize in the world. On the other hand, India is the largest producer of spices, and cotton and the second largest producer of sugar. Furthermore, countries such as Indonesia and Malaysia are the largest producers of palm oil. Vietnam holds the second spot among global coffee producers, with Indonesia and India also in the top five. Natural rubber market is also dominated by Asian countries, led by Thailand, Indonesia, Vietnam, and India.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Agricultural Commodities Market By Type (Hard Vs Soft), By Trading Type (Online Vs Offline), By Product Type (Soybeans, Corn, Wheat, Rice, Cocoa, Coffee, Cotton, Spices, Oil Seed, Sugar, Meat, Dairy Products, Others), By Region, Forecast & Opportunities, 2025”,” has evaluated the future growth potential of global agricultural commodities market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global agricultural commodities market.
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