Grain Farming Market Size, Share, Growth, And Industry Analysis, By Type (Dry Pea and Bean Farming, Wheat Farming, Corn Farming, Rice Farming, and Other Grain Farming), By Application (Food and Beverages, Fodder, and Other), Regional Forecast to 2028

Updated On: 13 March 2023

Report Overview

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The global grain farming market size was USD 1883250 million in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with grain farming experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 2435630 million in 2028, exhibiting a CAGR of 4.4% during the forecast period. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

The sale of grains by businesses (organizations, sole proprietors, and partnerships) that cultivate grain crops and grain seeds makes up the grain farming market. Wheat, barley, oats, corn, rice, and other grains are examples of grains. These crops typically have an annual growth cycle and are farmed in open areas. Processed grain goods like flour and other items are not sold in this market. Additionally, the earnings from the captive (internal) consumption of the grains for additional processing are not included in this market. The need for grains is being driven up by the rising demand for food and beverages, which is the cause of the market expansion. Urbanization and population growth are other drivers of the grain farming market growth.

COVID-19 Impact: Lockdown Restriction to Impede Market Expansion

The sudden outbreak of the COVID-19 pandemic witnessed a negative impact on the grain farming market. High need for packaged food items due to the unavailability of fresh food items. Lockdown restrictions slightly affected demand and supply. Also, allowance of groceries and essential services to recover market growth.

LATEST TRENDS

"Advancements in Machinery to Improve Market Growth"

Over the years, farming has undergone significant advancements in terms of farm machinery, irrigation methods, and easy access to loans. As it currently provides food and raw materials as well as work possibilities to a sizable portion of the people, it serves as the foundation of the Indian economy. Despite the onset of industrialization and the impressive expansion of other industries, farming continues to account for a sizable portion of the nation's Gross Domestic Product (GDP). In order to cultivate food products, it essentially entails raising animals and growing crops.

SEGMENTATION

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• By Type

Based on type, the market is divided into Dry Pea and Bean Farming, Wheat Farming, Corn Farming, Rice Farming, and Other Grain Farming.   

• By Application

Based on the application, the market is divided into Food and Beverages, Fodder, and Other.

DRIVING FACTORS

"Increasing Demand for Bio-Pesticides to Surge Market Progress"

The market expansion is being shaped by the availability of bio-pesticides from numerous chemical businesses to manage weeds, insects, and pests in agricultural areas. Antagonists are a term used to describe biological entities. They consist of diseases, parasitoids, and predators. Since they do not harm the crop or plant, farmers are utilizing it as an option to manage pests. The use of biopesticides is rising, and they are safer than conventional chemical pesticides. Biopesticides are made from organic substances like bacteria, plants, animals, and some minerals. Biopesticides differ from chemical pesticides in that they are more target-specific and naturally less hazardous.

"Increasing Population to Fuel Market Growth "

There are fewer people producing food for everyone else on the planet because there are more people living in cities than ever before. Additionally, there are fewer people eating food grown elsewhere because they lack access to it, don't know how to prepare it properly, or are too busy with their busy schedules. This brings us back to point 1 about the increased demand for food due to population growth and point 3 about climate change. Growing consumer demand for organic foods has prompted some farmers who previously used conventional farming techniques (such as pesticides) to switch over.

RESTRAINING FACTORS

"Threats to Environment to Limit Market Growth"

Besides being unreachable to the larger public, it postures a threat to the surroundings owing to development, deforestation, lack of space, and water scarcities worldwide.

REGIONAL INSIGHTS

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"Rapid Urbanization to Foster Market Growth in Asia Pacific"

Asia Pacific is expected to have the largest grain farming market share. India's arable land is shrinking as a result of rapid urbanization, expanding infrastructural projects, and an expanding world population. This is one of the main drivers bolstering the market's expansion, together with the soaring need for food. The market is also being driven by an increase in the number of contracts between corporations and farmers for the production and supply of agricultural products. In addition, because they are grown without the use of pesticides that are loaded with chemicals, organic products are regarded as safer than conventional items.

The expansion of non-transgenic hybrids is significantly influenced by an increase in the area used for conventional and organic farming. The main crops farmed in Europe were wheat and other grains and cereals (oats and barley) using open-pollinated varieties and hybrid variants.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• ADM (U.S.)
• Cargill (U.S.)
• Bunge (U.S.)
• Nutrien (Canada)
• Monsanto Company (U.S.)
• Indigo Agriculture (U.S.)
• Monsanto (U.S.)
• Dole Food (Ireland)
• Chiquita (U.S.)
• Fresh Del Monte Produce (U.S.)
• Del Monte Pacific (Singapore)
• Total Produce (Ireland)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.