Agriculture In Brazil Market Size (2024 - 2029)

Brazil Agriculture Market Analysis

The Agriculture In Brazil Market size is estimated at USD 100.13 billion in 2024, and is expected to reach USD 113.84 billion by 2029, growing at a CAGR of 2.60% during the forecast period (2024-2029).

Brazil's vast agricultural capabilities position it as one of the world's top exporters of fruits and vegetables. Globally, it ranks as the third-largest producer of fruits. In 2022, Brazil accounted for 60% of Europe's fruit imports. Leading the charge, Brazil exports grapes, plums, apples, and blueberries. Additionally, it supplies avocados, cherries, walnuts, pears, peaches, and raspberries. In 2022, mangoes and grapes dominated the export scene, constituting 21.1% and 11.0% of the total fruit export value, respectively. Table grapes are emerging as a significant export, with nearly 80% of Brazil's production catering to the export market, emphasizing high-quality and modern grape varieties. In the first half of 2023, Brazil exported 89 metric tons of lime, marking it a leading export. This surge is linked to Brazil's newfound access to the Chilean market for its Tahiti lime. Apples rank among Brazil's top export fruits. Brazil is rejuvenating old orchards with modern varieties like Jazz, Envy, Brookfield, Rosy Glow, and Ambrosia to enhance apple production and boost exports. Yet, challenges loom: a shrinking apple planting area, driven by low profits and fierce international competition, could dampen future exports. In 2022, Brazil's lemon and lime exports hit 156,253.0 metric tons, fetching a value of USD 152,191.0 thousand. Projections estimate exports will climb to 189,214.6 metric tons by the end of the forecast period, achieving a annual growth rate of 3.2%.

Key drivers propelling Brazil's fruit and vegetable market include technological advancements, a growing population, robust economic growth, and a consistent supply of produce. Dominant in Brazilian consumption are oranges, bananas, tomatoes, watermelons, and onions. To bolster exports and meet domestic demand, the government is channeling investments into agriculture, emphasizing the adoption of new technologies. The Government of Brazil (GoB) unveiled a record allocation of BRL 475.5 billion (USD 88.2 billion) for the 2024/25 Crop Plan to strengthen its agricultural industry. This primary public policy focuses on agricultural credit and financing. While the 2024/25 allocation marks a nominal record, representing a 9% increase from the previous year's BRL 435.8 billion (USD 80.9 billion) allocation, representatives from the agricultural industry argue that the funds fall short. They contend that the allocation is inadequate to support farmers grappling with tough market challenges, including declining international commodity prices and soaring production costs. Tomatoes have witnessed the steepest rise in consumer demand. Varieties like Roma or Italian tomatoes, prized for their thick, meaty flesh, are ideal for processing into sauces, pastes, and purees, commanding higher market prices than traditional consumption varieties. National and international dietary guidelines champion the consumption of fresh fruits, underscoring their nutritional benefits. This endorsement has heightened fruit popularity among Brazil's health-conscious consumers. The growing presence of fruits and vegetables in retail and online platforms propels their consumption in Brazil.

Brazil Agriculture Industry Segmentation

Agriculture in Brazil encompasses the production of crops, including cereals, fruits, and vegetables. As a cornerstone of Brazil's economy, the nation stands as a global leader in producing and exporting numerous agricultural commodities. The Brazilian agricultural market is segmented by major crops into food crops/cereals, fruits, and vegetables. The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers the market size and forecasts in terms of value (USD) and volume (metric tons) for the above segments.