Agricultural Commodities Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Hard, Soft), By Trading Type (Online, Offline), By Product Type (Soybeans, Corn, Wheat, Rice, Cocoa, Coffee, Cotton, Spices, Oil Seed, Sugar, Meat, Dairy Products, Others), By Region and Competition, 2020-2030F

Market Overview

The Global Agricultural Commodities Market, valued at USD 225.83 Billion in 2024, is projected to experience a CAGR of 4.96% to reach USD 301.94 Billion by 2030. The global agricultural commodities market encompasses raw materials derived from farming and livestock, including staple crops and animal products, which are traded on international exchanges for direct consumption or as vital industrial inputs. Market expansion is fundamentally supported by an expanding global population, increasing disposable incomes, particularly in emerging economies leading to evolving dietary preferences, and the rising demand for agricultural products in biofuel and other industrial applications.

According to the Food and Agriculture Organization of the United Nations (FAO), global cereal production reached a record 2,836 million tonnes in 2023, reflecting a 1.2 percent increase from the previous year. However, a substantial challenge hindering sustained market expansion is the escalating impact of climate change, frequently manifesting as extreme weather events that disrupt agricultural production cycles and global supply chains.

Key Market Drivers

The continuous expansion of the global population represents a fundamental driver for the agricultural commodities market, directly translating into an increased baseline demand for food, feed, and fiber. As the world's population steadily grows, the sheer volume of agricultural output required to sustain consumption patterns expands commensurately, impacting commodity prices and trade flows. This demographic trend places sustained pressure on production systems to enhance yields and efficiency. The necessity to feed a larger populace mandates higher annual production; according to the Food and Agriculture Organization of the United Nations (FAO), in its October 2024 'Cereal Supply and Demand Brief', global food consumption of cereals for the 2024/25 season is forecast to reach a record 1,241 million tonnes, largely driven by population expansion. This underscores the direct link between demographic growth and the agricultural supply imperative.

Concurrently, evolving dietary patterns, fueled by rising incomes particularly in emerging economies, significantly reshape demand within the agricultural commodities landscape. As disposable incomes increase, consumers often shift away from traditional staple-heavy diets towards greater consumption of protein-rich foods, including meat and dairy. This transition not only elevates overall demand for agricultural products but also alters its composition, intensifying the need for feed grains and animal proteins. According to Rabobank, in its Q3 2024 'Global Animal Protein Outlook', global poultry consumption continues its upward trajectory, driven by affordability and dietary shifts in emerging markets, with an estimated year-on-year growth of 2.5% globally in 2024. This change in consumption habits creates ripple effects through the entire supply chain, influencing planting decisions and livestock production. The broader interconnectedness of global agricultural markets remains significant, with according to the International Grains Council (IGC), in its July 2024 'Grain Market Report', global trade in grains projected to reach 488 million tonnes in 2024/25, indicating robust international movement of staple agricultural goods.

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Key Market Challenges

The escalating impact of climate change, frequently manifesting as extreme weather events, presents a substantial challenge to the global agricultural commodities market. These climatic shifts directly disrupt established agricultural production cycles through phenomena such as prolonged droughts, excessive rainfall, and unpredictable temperature fluctuations. Such events cause significant crop damage, reduce yields, and can delay or prevent harvesting, leading to diminished overall output. Furthermore, extreme weather can damage infrastructure and logistics, thereby hindering global supply chains and increasing transportation costs. This volatility in supply directly contributes to price instability and uncertainty for market participants. According to Copa-Cogeca, in 2024, total EU cereal production is projected to decrease by 4.7%, from 269,899 thousand tons in 2023 to 257,319.6 thousand tons. This reduction underscores how climate-related factors are actively constraining the growth trajectory of agricultural commodity availability and market stability.

Key Market Trends

Digital agriculture transformation involves integrating advanced technologies to enhance efficiency and decision-making across agricultural operations. Precision farming systems, IoT sensors, and data analytics are increasingly deployed to optimize resource utilization and improve yields. According to U. S. Department of Agriculture (USDA) reporting in January 2024, 27 percent of U. S. farms utilized precision agriculture practices in 2023. These tools provide real-time insights into soil conditions, crop health, and weather patterns, enabling targeted interventions and reducing waste. Cargill Ventures, by March 2024, had invested in Bushel, an agricultural software developer, and Grão Direto, a digital commodities trading platform, reflecting strategic focus on digital solutions across the supply chain.

The expanding adoption of sustainable and regenerative farming practices prioritizes ecological health and long-term productivity. Methods like no-till cultivation, cover cropping, and reduced chemical inputs aim to improve soil health, enhance biodiversity, and sequester carbon. This shift is gaining substantial traction, with Archer Daniels Midland (ADM) reporting in September 2025 that its regenerative agriculture program engaged over 5 million acres during 2024, surpassing its annual target. Concurrently, Cargill RegenConnect had surpassed one million enrolled acres for the 2025 U. S. planting season by November 2024, providing farmers with incentives and resources to implement practices that enhance soil health and water quality.

Segmental Insights

The Global Agricultural Commodities Market is experiencing its most rapid expansion within the Soft segment. This accelerated growth is primarily attributed to a worldwide increase in demand for healthier and more diverse dietary options, as consumers increasingly favor soft commodities such as fruits, vegetables, and specialty crops for their associated health benefits. Furthermore, significant advancements in agricultural technology, including precision farming techniques and improved cultivation practices, are enhancing the productivity and quality of these commodities, thereby stimulating market momentum. These factors collectively underscore the dynamic growth observed in the soft commodities sector.

Regional Insights

North America stands as a leading region within the global agricultural commodities market. This dominance is fundamentally rooted in its extensive geographical advantages, including vast areas of fertile land and diverse climates conducive to large-scale crop and livestock production. This natural capacity is further leveraged by substantial investments in advanced agricultural technologies and practices, such as precision agriculture and biotechnology, which significantly enhance productivity and operational efficiency. Moreover, deep regional market integration, fostered by agreements like the United States-Mexico-Canada Agreement (USMCA), facilitates robust trade flows and solidifies North America's position as a major net exporter of essential agricultural commodities to international markets.

Recent Developments

• In October 2025, the European Forest Institute (EFI) and the Malaysian Sustainable Palm Oil (MSPO) certification body formalized a strategic cooperation agreement. This partnership aimed to bolster sustainability, enhance traceability, and ensure Malaysian palm oil remains a trusted commodity in global trade. The collaboration focused on developing systems that guarantee deforestation-free supply chains, with particular emphasis on integrating smallholder farmers through digital onboarding and group compliance models. This initiative is pivotal for the palm oil sector within the global agricultural commodities market.

• In August 2025, Archer Daniels Midland Company (ADM) implemented a strategic restructuring of its global soy protein production network. This move involved ceasing operations at its Bushnell, Illinois facility while simultaneously expanding output at its recommissioned Decatur, Illinois plant and other international sites. The objective of this streamlining effort was to enhance operational efficiency, improve cash flow, and better position ADM to address the increasing worldwide demand for soy-based ingredients. This optimization directly influences the availability and supply chain resilience of soy, a crucial global agricultural commodity.

• In September 2024, Corteva Agriscience announced a significant collaboration with Pairwise, an ag technology company, alongside a $25 million equity investment. This partnership formed a five-year joint venture aimed at accelerating the development and delivery of advanced gene-edited solutions to farmers. The initiative focused on improving plant breeding for staple crops like corn and soybeans, enhancing their resilience to extreme weather events and increasing overall crop yield. This breakthrough research and collaboration directly contribute to strengthening the global agricultural commodities market by addressing challenges in food production through innovative genetic technologies.

• In June 2024, Bayer revealed its plans to launch ten "blockbuster" products over the next decade, significantly impacting the global agricultural commodities market. Each of these innovations was projected to contribute over $500 million to the company's peak sales potential. The announced pipeline included new insecticides, such as Plenexos, expected to launch from 2025, and a novel herbicide, Icafolin, representing the first new mode of action in post-emergence weed control in over 30 years. These product launches aimed to provide farmers with advanced tools for crop protection and improved productivity across various arable and horticulture crops.

Key Market Players

• Archer Daniels Midland Company
• AGROPECUARIA MAGGI LTDA
• Bunge Global SA
• Cargill, Incorporated
• Golden Agri-Resources Ltd
• JBS USA Food Company Holdings
• Louis Dreyfus Company B.V.
• Olam Group Limited
• Wilmar International Limited
• Marfrig Global Foods SA

Report Scope:

In this report, the Global Agricultural Commodities Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Agricultural Commodities Market, By Type:

o   Hard

o   Soft

• Agricultural Commodities Market, By Trading Type:

o   Online

o   Offline

• Agricultural Commodities Market, By Product Type:

o   Soybeans

o   Corn

o   Wheat

o   Rice

o   Cocoa

o   Coffee

o   Cotton

o   Spices

o   Oil Seed

o   Sugar

o   Meat

o   Dairy Products

o   Others

• Agricultural Commodities Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Agricultural Commodities Market.

Available Customizations:

Global Agricultural Commodities Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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