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Argentina Grains Market Size (2024 - 2029)

The Argentine grains market is poised for growth, driven by the integral role of grains and cereals in the national diet and their use as animal feed. These commodities, particularly maize and soybean, are crucial to Argentina's economy due to their significant export value. The expansion of land dedicated to soybean cultivation is expected to continue, reinforcing Argentina's position as a leading global producer and a major player in the edible oil market.

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Market Size of Argentina Grains Industry

Argentina Grains Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 18.31 Billion
Market Size (2029) USD 24.90 Billion
CAGR (2024 - 2029) 6.30 %

Argentina Grains Market Analysis

The Argentina Grains Market size is estimated at USD 18.31 billion in 2024, and is expected to reach USD 24.90 billion by 2029, at a CAGR of 6.30% during the forecast period (2024-2029).

  • Grains and cereals are fundamental to the Argentine diet, with maize and soybeans serving as key components in daily nutrition and as major agricultural exports. These ingredients are used in the production of bread, pasta, and muesli, which are common in meals throughout the country. Grains also play a crucial role in animal feed, supporting livestock sectors including cattle, poultry, fish, and swine. The combined demand for grains in human consumption and animal feed is estimated to drive market growth in Argentina in the coming years.
  • According to a report by AEGIC on Argentina's grain industry, the country will contribute 5% to global grain production in 2023. Argentina's share in the world trade of grains and by-products stands at 15%, with exports totaling 86 million metric tons of grain products. The area harvested for maize in the country has shown an upward trend. According to FAOSTAT, the area harvested for maize increased from 8.1 million hectares in 2021 to 8.7 million hectares in 2023, reaching a production of 60.3 million metric tons. The increase in wheat production will not solely be due to an increased area sown to wheat. Yield increases are likely as more farmers use increased inputs, adopt superior varieties and use improved technologies. As a result, the rising demand for grains in the country will likely drive the market during the forecast period.
  • Bioethanol consumption is rising in the country, driven by strong gasoline demand in the agriculture sector for farm machinery operations. According to a USDA report, corn-based bioethanol is expected to account for 62% of the total in 2023. This growing demand for bioethanol is likely to boost the market in the coming years.
  • The Pampas region has experienced significant agricultural technological transformation over the past three decades, characterized by the rapid adoption of new technologies. Key technological developments include improved seeds (particularly herbicide-resistant genetically modified soybeans), no-till farming practices, increased pesticide usage (primarily glyphosate), and crop rotation systems (alternating soybeans and cereals). The implementation of these advanced technologies across various regions of the country is estimated to drive market growth during the forecast period.

Argentina Grains Industry Segmentation

A grain is a small, hard, dry fruit with or without an attached hull layer, harvested for human or animal consumption. The Argentina Grains Market is Segmented By Crop Type (Cereals, Pulses, and Oilseeds). The Report Covers the Extensive Study of Production (Volume), Consumption (Volume and Value), Import (Volume and Value), Export (Volume and Value), and Price trends. The report offers market size and forecasts in terms of value (USD) and Volume (Metric Tons) for all the above.

Crop Type
Cereals
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Pulses
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Oilseeds
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
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Argentina Grains Market Size Summary

The Argentine grains market is a vital component of the country's economy, with grains and cereals forming a significant part of the national diet and serving as essential animal feed. These staples, including maize and soybean, are not only crucial for domestic consumption but also play a pivotal role in Argentina's export economy. The country's agricultural landscape is dominated by soybean cultivation, which is expected to expand further, reinforcing Argentina's position as a leading global producer. The profitability of crops such as maize, wheat, and soybeans has made them attractive for farmers, contributing to Argentina's status as a major exporter of these commodities. The domestic demand for corn has also risen sharply, driven by increased consumption and production, supported by favorable export policies.

The growing demand for cereals, driven by the expanding livestock population and the subsequent rise in animal feed requirements, is a key factor propelling the grains market in Argentina. Maize and protein concentrates are integral to farm-made diets, underscoring the importance of these crops in the agricultural sector. Argentina's export strategy targets major international markets, including Brazil, Algeria, Vietnam, Chile, and Egypt, reflecting a robust global demand for its cereals. The anticipated increase in cereal export value highlights the strengthening position of Argentina in the global grains market, a trend expected to persist throughout the forecast period, thereby driving further growth in the industry.

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Argentina Grains Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand for Biofuel

      2. 1.2.2 Technological Transformation in Agriculture

      3. 1.2.3 Rising Government Support

    3. 1.3 Market Restraints

      1. 1.3.1 Volatility in Grain Prices

      2. 1.3.2 Natural Disaster in the Country

    4. 1.4 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Crop Type

      1. 2.1.1 Cereals

        1. 2.1.1.1 Production Analysis

        2. 2.1.1.2 Consumption Analysis and Market Value

        3. 2.1.1.3 Import Market Analysis (Volume and Value)

        4. 2.1.1.4 Export Market Analysis (Volume and Value)

        5. 2.1.1.5 Price Trend Analysis

      2. 2.1.2 Pulses

        1. 2.1.2.1 Production Analysis

        2. 2.1.2.2 Consumption Analysis and Market Value

        3. 2.1.2.3 Import Market Analysis (Volume and Value)

        4. 2.1.2.4 Export Market Analysis (Volume and Value)

        5. 2.1.2.5 Price Trend Analysis

      3. 2.1.3 Oilseeds

        1. 2.1.3.1 Production Analysis

        2. 2.1.3.2 Consumption Analysis and Market Value

        3. 2.1.3.3 Import Market Analysis (Volume and Value)

        4. 2.1.3.4 Export Market Analysis (Volume and Value)

        5. 2.1.3.5 Price Trend Analysis

Argentina Grains Market Size FAQs

The Argentina Grains Market size is expected to reach USD 18.31 billion in 2024 and grow at a CAGR of 6.30% to reach USD 24.90 billion by 2029.

In 2024, the Argentina Grains Market size is expected to reach USD 18.31 billion.

Argentina Grains Market Report Snapshots

Argentina Grains Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)