Agriculture In Iran Market Size (2024 - 2029)

Agriculture In Iran Market Analysis

The Agriculture In Iran Market size is estimated at USD 33.10 billion in 2024, and is expected to reach USD 35.30 billion by 2029, at a CAGR of 3.80% during the forecast period (2024-2029).

• In 2023, data from the World Bank highlighted the significance of farming in Iran, with the agriculture sector contributing 13% to the nation's GDP and employing about 15% of its population. According to the Food and Agricultural Organization (FAO), in 2022, Iran's 47 million hectares of agricultural land constituted 27% of its total area. FAO’s biannual publication, Food Outlook, noted that in 2023, the country emerged as the 10th largest grain producer in Asia, boasting an output of 19.8 million metric tons. However, the nation is dependent on imports for an additional 14.9 million metric tons of grain. Notably, Iran holds the third position in grain reserves among Asian countries, trailing only behind China and India. China's reserves are a staggering 414 million metric tons and India's stand at 65 million metric tons. In 2024, Iran's cereal reserves reached 11.8 million metric tons, with wheat alone accounting for 8.8 million metric tons.
• Despite being the 17th most populous nation globally, Iran ranks 43rd in the world for food imports, underscoring the untapped potential of its agricultural sector. The Iranian government is actively bolstering this sector's development. For example, they aim to expand greenhouse cultivation to 48,000 hectares by 2027, anticipating a surge in fruit and vegetable production and, consequently, agricultural exports. Concurrently, international entities such as the United Nations Development Program (UNDP), FAO, and the Global Environment Facility (GEF) are aiding Iran's shift towards a more nature-inclusive agricultural approach. The UNDP's Small Grants Program (SGP) is financing minor agricultural projects, while FAO assists in establishing research networks and crafting sustainable agricultural policies. These collaborative efforts signal a promising trajectory for Iran's agricultural market in the years ahead.

Agriculture In Iran Industry Segmentation

Agriculture is the practice of growing crops. The report on Iran's agriculture sector offers a comprehensive overview of the country's agricultural landscape. It categorizes the analysis by crop types, including food crops, cash crops, fruits & vegetables, and livestock. Each segment delves into parameters such as production (volume), consumption (value and volume), exports (value and volume), imports (value and volume), and price trends. Market sizes for all segments are presented in terms of USD for value and metric tons for volume.