The
research report titled, “Agricultural
Products Global Industry Guide 2017-2021” offers top-line qualitative and
quantitative summary data for the industry including: comprehensive market
size- value and volume, and forecasts to 2021. The profile well contains detailed
descriptions of the leading players including key financial metrics and proper analysis
of competitive pressures within the market.
The practice of agriculture globally has the magical power that can result in
reduction of poverty, rising incomes and improved food security for nearly 80%
of the world's poor, especially for those who live in rural areas and work in the
farming sector.
The global agricultural products
industry basically involves the production of Cereals (such as wheat, rice,
barley etc.), Nuts (almonds, hazelnuts, pistachios etc.), Oil crops
(cottonseed, groundnuts, olives etc.), Spices & Stimulants (coffee, hops,
dry chilies etc.), Sugar (sugar cane, sugar beet etc.), Pulses (beans, peas,
lentils etc.), Roots & Tubers (Potatoes, sweet potatoes, cassava etc.),
Vegetables (cabbages, tomatoes, onions etc.), and Fruits (bananas, citrus
fruits, berries etc.)
The agricultural products industry
registered total revenue (from all types of production) of near about USD 2,037.9
billion globally in 2016 and the market production volume consequently increased
with a decent CAGR of about 2%. Moreover, it has
been noticed that since 2014, prices have been stimulating higher market values
of the agricultural produce especially in Latin American and Asian emerging
markets.
The Asia-Pacific region has maintained its
position for long and dominates the global agricultural products market,
accounting for a major share of about 64.5% wherein grain mills, cereals, and oils sectors have sustained to dominate the global
industry. A combination of factors like multiplying population and relative
increase in the consumer expenditure have been witnessed to structure the
market dynamics even more in future.
Rises in the disposable
income coupled with ameliorating production volume will surely boost the demand
for agro-food, as it is one of the basic consumer needs and will always be. Though,
the quality preferences of consumers may change with the passage of time as
they turn richer. Furthermore, with ongoing
improvements in the production capacities in many countries around the world,
the agro-food product market will evolve in terms of production and sales and
thereby showcase development by producing economies of scale in the years to
proceed.
The global agro-food product
market is anticipated to reach near about USD 1,148.3 billion by the end
of 2018, further remarking a good growth in the coming years. Increasing
disposable income, uplifting awareness of health and wellness, higher
population level, expanding urbanization, and mushrooming consumer spending altogether
have proved to be the major drivers of this industry.
Recently, the small industry
players have been observed as being involved in strategies like product
differentiation and higher service level delivery to customers, in order to
compete well with the large players and relish economies of scale like the
major players do. Also, given the expanding trends of agriculture, 9.7 billion people will be fed by 2050. As the years roll by, growth in the
agriculture sector is expected to be nearly four times more effective in raising incomes among the poorest population as compared
to other sectors.
Livestock farming nowadays has
been noticed as combining drones and GPS trackers to oversee the cattle and move
stock to optimal grazing grounds. Sensors are also being used to assess the
quality of the agricultural products which help in ensuring a quality life to
all in a much more efficient way. The
need for autonomous farming equipment usage has been well realized and it is
expanding and becoming a norm since it provides more accuracy in field work and
lessens the harvest loss as human error is eliminated.
Moreover, specialized robots are currently moving
from manufacturing industries into agriculture and these farming robots are projected
to assist overall farm development in more remote areas across the globe; with super
high accuracy rates such that the industry proliferates and registers massive
revenues in the future years.
Key Topics
Covered In the Report:
Agricultural Products Global Market Research
Report
Global Agriculture Industry Analysis
Agricultural Products Global Market Growth
Opportunities
Global Agricultural Products Market Evolving
Demand
Agricultural Products Global Industry
Investment Trends
Global Faming Products Production Volume
Agricultural Products Global Market Upcoming
Innovation
Global Agro Food Products Industry Sales
Revenue
Agricultural Products Global Industry Regional
Import Volume
Agricultural Products Global Industry Regional
Export Volume
Agricultural Autonomous Chemicals Market
Future Outlook
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