Agriculture Industry Overview

A slightly faster growth of the agriculture market is forecast

The global agriculture industry is one of the world’s largest industries employing more than one billion people. Globally, one third of the economically active population works in the agriculture industry. The agriculture industry as a whole is very important to the world economic growth. In 2022, The Business Research Company expects the agriculture market to account for 11.7% of the gross-world product (GWP), i.e. the agriculture market is expected to grow to $12 trillion by 2022. Regarding the land occupancy by entities involved in the global agriculture industry, 72% of all agriculture farms occupy less than 1 hectare, 12% of farms range between one and two hectares and only 1% of all farms in the world are larger than 50 hectares. The agriculture market consists of sales of animal and crop produce and other support services by entities (organizations, sole traders and partnerships) that produce animal produce, and crops and are engaged in rural activities. Agriculture involves the cultivation of plants, and animal and bird rearing for food, fabrics, fibres, bio-fuel, medicinal and other products used to sustain and enhance human life. This market also includes horticulture and aquaculture. This market excludes proceeds from captive (internal) consumption of the agriculture and forest produce for further processing.

Agriculture Market Coverage
The Business Research Company covers 87 markets overall in the agriculture market providing global market numbers, market growth, market-specific drivers and restraints, trends, and other market specific information. The agriculture market is segmented in the following manner:

1.Animal Produce
Animal Produce subsector raise or fatten animals for the sale of animals or animal products and/or raise aquatic plants and animals in controlled or selected aquatic environments for the sale of aquatic plants, animals, or their products. The subsector market includes revenues of establishments, such as ranches, farms, and feedlots primarily engaged in keeping, grazing, breeding, or feeding animals. These animals are kept for the products they produce or for eventual sale. The animals are generally raised in various environments, from total confinement or captivity to feeding on an open range pasture.
- 1.1.Milk
- 1.2.Honey
- 1.3.Meat
- 1.4.Wool
- 1.5.Egg
- 1.6.Skin and Hide
- 1.7.Live Animals
- 1.8.Other Animal Produce
2.Crop Production
The crop production market consists of the sale of crops by entities (organizations, sole traders and partnerships) that produce crops including farms, market gardens, and nurseries, primarily engaged in growing crops, plants, vines, or trees and their seeds. This market includes crop sales from mixed farms (e.g. cash crops and livestock together in the same farms). This market excludes processed crop grain products such as flour and other products. This market also excludes the proceeds from the captive (internal) consumption of the crop produce for further processing.
- 2.1.Grain Farming
- 2.2.Oilseed Farming
- 2.3.Fruit and Nut Farming
- 2.4.Vegetable Farming
- 2.5.General Crop Farming
- 2.6.Greenhouse, Nursery, and Flowers
3.Rural Activities
The rural activities market consists of sales of outputs of rural activities by entities (organizations, sole traders and partnerships) that undertake rural activities forestry, logging, fishing, hunting, trapping and other forestry support activities. Timber, finfish, shellfish and cotton are the main outputs produced through rural activities.

How Can We Help?
The Business Research Company`s Agriculture Market Research Practice provides marketing, planning and strategy departments with a wider range of market, business, customer and competitor intelligence services across different segments of the agriculture industry. The agriculture market research services and solutions The Business Research Company provides are as follows —