| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 2.42 Trillion |
| Market Size (2030) | USD 2.87 Trillion |
| CAGR (2025 - 2030) | 3.48 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Agribusiness Market Analysis
The Agribusiness Market size is estimated at USD 2.42 trillion in 2025, and is expected to reach USD 2.87 trillion by 2030, at a CAGR of 3.48% during the forecast period (2025-2030).
The global agribusiness market is experiencing significant growth across agricultural commodities, agri-tech, agrochemicals, seeds, and livestock nutrition and management. The increasing global population and rising food demand have driven market growth, leading to investments in modern farming techniques and efficient supply chains. The World Bank projects the global population to reach nearly 10 billion by 2050. Agricultural commodities such as grains, oilseeds, dairy, and meat play a crucial role in global trade, with major exporting countries like the United States, India, China, Brazil, and Mexico meeting consumption needs. According to FAOSTAT, cereal production in China, India, and Brazil reached 643.4, 374.6, and 155.8 million metric tons in 2023, up from 634.9, 362.4, and 135.7 million metric tons in 2022, respectively. Additionally, the USDA reports that rice consumption in the United States increased to 5,144 thousand metric tons in 2023 from 4,607 thousand metric tons in 2022. The demand for organic and sustainably sourced commodities continues to rise, encouraging producers to adopt eco-friendly farming practices and traceable supply chains.
Agri-tech innovations have transformed the agribusiness sector by improving efficiency, yield, and sustainability. Technologies such as precision farming, artificial intelligence (AI), drones, and automation are improving farm operations, optimizing resource use, and reducing waste. Smart irrigation systems and automated machinery have enhanced water and labor efficiency, addressing sustainable farming requirements. The American Farm Bureau Federation (AFBF) reported that 56% of US farms adopted agricultural technology in 2022, with labor shortage as the primary motivation. Both startups and established companies are investing in digital agriculture platforms, implementing data-driven decision-making and farm management. The increasing adoption of agri-tech solutions enables agribusinesses to enhance profitability and global competitiveness.
The agrochemical and seed sectors remain essential to modern agriculture, providing vital inputs for crop protection and productivity enhancement. Agrochemicals, including fertilizers, pesticides, and herbicides, improve soil fertility and protect crops from pests and diseases. The industry is moving toward bio-based and organic agrochemicals as regulatory frameworks emphasize environmental safety. The seed industry continues to develop with advancements in genetically modified (GM) crops and hybrid seed varieties, enhancing yield potential and resistance to climate stress. In June 2022, the South African government signed the Protocol of Phytosanitary Requirements for soybean exports to China. The demand for high-quality seeds continues to rise as farmers seek improved agricultural outputs to meet global consumption needs.
Livestock management support the increasing demand for animal protein and other products in the agribusiness market. With rising meat and dairy consumption, farmers are implementing advanced livestock management practices, including precision feeding, automated monitoring, and disease control solutions. Governments and private organizations are investing in infrastructure and logistics to improve the production and distribution of agricultural goods, ensuring food security and market stability. In January 2024, the European Commission allocated USD 1.1 billion to German State aid schemes for animal welfare improvement. As consumer preferences evolve toward high-quality food products, agribusinesses are investing in innovative solutions to meet market demands while maintaining high-quality production practices.
Agribusiness Market Trends
Agri-Tech Segment is the Fastest Growing Segment
The agri-tech segment is the fastest-growing segment in the global agribusiness market, driven by the demand for efficient farming solutions. Agri-tech, encompassing precision farming, artificial intelligence (AI), automation, and digital platforms, is transforming traditional farming methods. These technologies enable farmers to optimize resource use, improve yields, and reduce costs. The Conveyor Equipment Manufacturers Association (CEMA) in France reported that agricultural tractor registrations increased by 2% in 2023, reaching 36,396 units compared to 35,731 units in 2022.
North America, Europe, and Japan face challenges from an aging farming workforce and declining agricultural workers. Eurostat reports that agricultural labor hourly wages in Europe increased by approximately 12%, reaching USD 34.4 per hour in 2023. The German Association of Agricultural Employers (GLFA) reported a significant decrease in seasonal immigrant laborers during peak harvest periods. According to World Bank data, agricultural employment in the European Union decreased from 3.96% in 2022 to 3.79% in 2023. These factors have prompted farmers to implement agricultural technology solutions, including autonomous tractors, robotic harvesters, and drone-assisted crop monitoring.
Digital platforms and smart farming applications contribute to agri-tech market growth. Moisture sensors and GPS-enabled devices support sustainable and profitable food production. In January 2022, John Deere launched the 8R driverless tractor, featuring six pairs of stereo cameras providing 360-degree obstacle detection and distance calculation. The tractor combines camera data with GPS and other sensor inputs for obstacle avoidance, navigation, and location tracking. The United States Department of Agriculture confirms that GPS yield and soil mapping, along with variable-rate input technology (VRT) applications, help farms assess field conditions and adjust production practices.
Government support and favorable policies advance the agritech segment through subsidies, research grants, and digital infrastructure development. The European Union's Common Agricultural Policy (CAP) supports farming digitalization, while India invests in Agri startups and rural connectivity. In March 2022, the Canadian government allocated USD 860,000 for agricultural machinery innovation and technology development. Public-private partnerships and collaborations between technology companies and agribusinesses expand market opportunities.
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North America Dominates the Market
North America leads the global agribusiness industry through its advanced agricultural infrastructure, government support, and agri-tech adoption. The United States, Canada, and Mexico maintain a robust agricultural sector that significantly contributes to global food production and exports. The region's strength stems from its commercial farms, research and development activities, and efficient supply chain networks. According to the United States Department of Agriculture, agriculture, food, and related industries contributed 5.6% of the GDP in 2023. Agricultural activities occupy 40% of the country's land, including livestock grazing areas. Farm sizes increased from 446 acres to 463 acres between 2022 and 2023, as reported by USDA.
North America's agricultural technology investments reinforce its market position. In November 2023, Case IH introduced hands-free baling automation technology at Agritechnica 2023, integrating tractors and balers for optimized performance. The Association of Equipment Manufacturers (AEM) reported total farm tractor sales in the United States reached 250,265 units in 2023, with 4WD tractor sales increasing by 31.7% from 3,466 units in 2022 to 4,564 in 2023. The region extensively uses precision farming, biotechnology, and smart irrigation systems to enhance productivity. The United States maintains a high adoption rate of genetically modified (GM) crops for improved yields and pest resistance. The growth of vertical farming and controlled-environment agriculture in urban areas demonstrates continued agricultural innovation.
North America maintains leadership in agrochemicals, seeds, and livestock nutrition sectors. FAOSTAT data shows Mexico's cattle numbers increased from 36.33 million in 2022 to 36.61 million in 2023. The region hosts major agribusiness corporations including Cargill, Archer Daniels Midland (ADM), and Bayer Crop Science. The United States and Canada rank among top producers of corn, soybeans, wheat, and livestock products. Advanced feed industry practices and precision livestock farming have increased meat and dairy production. According to Statistics Canada, commercial greenhouse vegetable operations produced 802.2 thousand metric tons of vegetables in 2023, increasing 7% from 752.7 thousand metric tons in 2022. The region's commitment to sustainable agriculture, including regenerative farming and bio-based fertilizers, strengthens its position in global agribusiness.
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Agribusiness Industry Overview
The market is consolidated, with few players occupying the larger share globally. The major players in the market are BASF SE, Deere & Company, Bayer Crop Science, Cargil Inc., and Yara International. The market players are keen on launching new crop-targeted products, agri-tech solutions, and livestock management. Acquisitions, mergers, and investment in R&D are some of the main strategies adopted by key players for effective penetration into the market.
Agribusiness Market Leaders
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BASF SE
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Deere & Company
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Bayer Crop Science
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Cargil Inc.
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Yara International
- *Disclaimer: Major Players sorted in no particular order
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Agribusiness Market News
- February 2024: The United States Agency for International Development (USAID) partnered with La Différence, a private sector firm operating in the eastern Democratic Republic of the Congo (DRC). This partnership is intended to stimulate the production of local, organic, and premium-quality rice, haricot beans, and soybeans for domestic consumption.
- February 2024: John Deere, in collaboration with GUSS Automation, introduced the Electric GUSS, the first fully electric autonomous herbicide orchard sprayer in the agricultural industry. The system enables farmers to control multiple sprayers from a remote location, enhancing productivity while reducing labor requirements.
- January 2024: DSM obtained market authorization in Canada for its feed ingredient Bovaer, designed for dairy and beef cattle. The product reduces methane emissions by an average of 30% in dairy cows and up to 45% in feedlot beef cattle, contributing to a lower carbon footprint in dairy and beef farming.
Agribusiness Industry Segmentation
Agribusiness encompasses the network of industries involved in agricultural production, including farm machinery manufacturing, seed supply, crop cultivation, livestock management, food processing, transportation, and marketing operations. The Agribusiness Market is segmented by Product Type (Agricultural Commodities, Agricultural Technology, Agrochemicals, Seeds, and Livestock Management) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The report offers the market size and forecasts in terms of volume (Metric Tons) and value (USD) for all the above segments.
| Product Type | Agricultural Commodities | Grains and Cereals | |
| Oilseeds and Pulses | |||
| Fruits and Vegetables | |||
| Commercial Crops | |||
| Others | |||
| Agricultural Technology | Agricultural Machinery | ||
| Automation Softwares | |||
| Others | |||
| Agrochemicals | Fertilizers | ||
| Herbicides | |||
| Insecticides | |||
| Fungicides | |||
| Others | |||
| Seeds | Grains and Cereals | ||
| Oilseeds and Pulses | |||
| Fruits and Vegetables | |||
| Others | |||
| Livestock Management | Ruminants | ||
| Poultry | |||
| Swine | |||
| Aquaculture | |||
| Others | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Rest of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Russia | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| India | |||
| Australia | |||
| Rest of Asia-Pacific | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle-East and Africa | South Africa | ||
| Rest of Middle-East and Africa | |||
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Agribusiness Market Research FAQs
How big is the Agribusiness Market?
The Agribusiness Market size is expected to reach USD 2.42 trillion in 2025 and grow at a CAGR of 3.48% to reach USD 2.87 trillion by 2030.
What is the current Agribusiness Market size?
In 2025, the Agribusiness Market size is expected to reach USD 2.42 trillion.
Who are the key players in Agribusiness Market?
BASF SE, Deere & Company, Bayer Crop Science, Cargil Inc. and Yara International are the major companies operating in the Agribusiness Market.
Which is the fastest growing region in Agribusiness Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Agribusiness Market?
In 2025, the North America accounts for the largest market share in Agribusiness Market.
What years does this Agribusiness Market cover, and what was the market size in 2024?
In 2024, the Agribusiness Market size was estimated at USD 2.34 trillion. The report covers the Agribusiness Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Agribusiness Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Agribusiness Industry Report
Statistics for the 2025 Agribusiness market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Agribusiness analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
