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Agriculture in Brazil Market Size (2024 - 2029)

The market size of the agriculture sector in Brazil is projected to experience growth over the forecast period, reflecting its significant role in the global agricultural trade. This sector is a crucial component of the Brazilian economy, contributing substantially to the country's gross domestic product and providing employment to millions. Brazil's agricultural market is characterized by its diverse range of products, including rice, maize, soya, and sugarcane, which play a vital role in both domestic and international markets.

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Market Size of Agriculture in Brazil

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 127.47 Billion
Market Size (2029) USD 153.59 Billion
CAGR (2024 - 2029) 3.80 %
Market Concentration Medium

Brazil Agriculture Market Analysis

The Agriculture in Brazil Market size is estimated at USD 127.47 billion in 2024, and is expected to reach USD 153.59 billion by 2029, growing at a CAGR of 3.80% during the forecast period (2024-2029).

Brazil is a major player in the global agricultural trade, accounting for 7.3% of global agricultural exports. The sector represents 14% of the country’s gross domestic product (GDP) and the whole agricultural chain accounts to 28%, employing almost 18 million people. Its most significant products in this sector are rice, maize, soya, sorghum, sugarcane, potato, corn, tomato, watermelon, onion etc. 

Brazil Agriculture Industry Segmentation

Brazil is the second-largest producer of soybeans in the world with a production of 86.8 million ton in 2014. Brazil is the global leader in the production of sugarcane, harvesting more than 600 million tons of it every year. The main crops with large market size and growth prospects includes cereal crops, such as rice, maize, millet, and sorghum, along with fruits and vegetables crops, such as tomato, onions, pineapple, and mangoes. Sugar cane also form one of the major agricultural crop of the country. 

Food Crops / Cereals
Market Size (USD Million)
Domestic Production Overview
Domestic Consumption Overview
Import Value & Volume
Export Value & Volume
Fruits
Market Size (USD Million)
Domestic Production Overview
Domestic Consumption Overview
Import Value & Volume
Export Value & Volume
Vegetables
Market Size (USD Million)
Domestic Production Overview
Domestic Consumption Overview
Import Value & Volume
Export Value & Volume
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Agriculture in Brazil Size Summary

The agriculture sector in Brazil plays a pivotal role in the country's economy, contributing significantly to its gross domestic product and employment. As a key player in global agricultural trade, Brazil is responsible for a substantial portion of the world's agricultural exports. The sector's diverse range of products includes staples such as rice, maize, soybeans, and sugarcane, among others. The adoption of genetically modified seeds in crops like soybeans, corn, and cotton has enhanced productivity and yield, offering higher profits per hectare compared to conventional varieties. This technological advancement has been instrumental in boosting the sector's performance, making Brazil a leader in agricultural innovation.

The market for sugarcane, driven by the demand for molasses and raw sugar, is a significant component of Brazil's agricultural industry. The production of these commodities has seen a steady increase, fueled by their importance in various industries, including liquor production. This growing demand is expected to continue driving the market forward, further solidifying Brazil's position in the global agricultural landscape. The agriculture market in Brazil is poised for growth, with projections indicating a steady increase in market size over the coming years, underscoring the sector's vital role in the country's economic development.

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Agriculture in Brazil Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry attractiveness- Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Food Crops / Cereals

      1. 2.1.1 Market Size (USD Million)

      2. 2.1.2 Domestic Production Overview

      3. 2.1.3 Domestic Consumption Overview

      4. 2.1.4 Import Value & Volume

      5. 2.1.5 Export Value & Volume

    2. 2.2 Fruits

      1. 2.2.1 Market Size (USD Million)

      2. 2.2.2 Domestic Production Overview

      3. 2.2.3 Domestic Consumption Overview

      4. 2.2.4 Import Value & Volume

      5. 2.2.5 Export Value & Volume

    3. 2.3 Vegetables

      1. 2.3.1 Market Size (USD Million)

      2. 2.3.2 Domestic Production Overview

      3. 2.3.3 Domestic Consumption Overview

      4. 2.3.4 Import Value & Volume

      5. 2.3.5 Export Value & Volume

Agriculture in Brazil Market Size FAQs

The Brazil Agriculture Market size is expected to reach USD 127.47 billion in 2024 and grow at a CAGR of 3.80% to reach USD 153.59 billion by 2029.

In 2024, the Brazil Agriculture Market size is expected to reach USD 127.47 billion.

Brazil Agriculture Market Report Snapshots

Brazil Agriculture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)