Global Agribusiness Market Expected to Reach USD 4.4 Trillion by 2033 - IMARC Group

Global Agribusiness Market Statistics, Outlook and Regional Analysis 2025-2033

The global agribusiness market size was valued at USD 3.4 Trillion in 2024, and it is expected to reach USD 4.4 Trillion by 2033, exhibiting a growth rate (CAGR) of 2.77% from 2025 to 2033.

The agricultural sector is experiencing a significant transformation driven by sustainability, innovation, and global collaborations. In contrast, the growing demand for sustainable crop protection and growth-enhancing solutions is also impacting the market positively. Biological solutions are gaining traction as farmers worldwide face the challenges of climate change, resource scarcity, and the need for environmentally friendly practices. For example, Rainbow Agro launched Rainbow Bio in October 2024, a new division dedicated to advancing sustainable biological solutions for agriculture. It aims to empower farmers by providing cutting-edge with a global reach and sustainable crop protection technologies that are both effective and eco-friendly. Also, another factor reflecting this shift is the World Bank Group's strategic pivot in agribusiness. The organization announced it would double its annual commitment to agribusiness, reaching USD 9 Billion by 2030. The initiative focuses on enhancing productivity, fostering climate resilience, and mobilizing private investment. The World Bank aims to elevate agricultural practices and promote sustainable growth worldwide by investing in technologies, training, and resources for these farmers. This commitment is aligned with the broader trend of governments and financial institutions increasing their focus on agribusiness to support food security and climate resilience.

In line with this, ICAR-NAARM launched Agri Udaan 7.0 in Hyderabad in August 2024, an initiative designed to support agribusiness startups. The program aims to drive innovation and sustainability within the agribusiness ecosystem through mentoring, industry networking, and facilitating investments. Agri Udaan 7.0 benefits over 130 stakeholders across the agribusiness landscape by addressing key issues, such as market access, post-harvest losses, and the challenges posed by erratic monsoons. Meanwhile, the emphasis on startups and sustainable innovation highlights the increasing role of entrepreneurship in transforming the agricultural sector, especially in emerging markets where technology and new business models can significantly improve outcomes for farmers and communities. Overall, these developments reflect a dynamic period of growth and transformation in the agribusiness sector, driven by the need for sustainable practices, innovative solutions, and global partnerships.

Global Agribusiness Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America dominates the agribusiness market due to advanced agricultural technologies and extensive research and development efforts.

North America Agribusiness Market Trends:

North America is the leading region in the market due to its large-scale production capabilities and extensive research and development efforts. Moreover, the region benefits from a well-established infrastructure and a strong emphasis on innovation, which enhances productivity and sustainability. For instance, in November 2024, Yara North America launched the YaraAmplix biostimulant portfolio in the U.S. and Canada. Backed by extensive R&D, this portfolio enhances crop resilience, nutrient uptake, and soil health, offering a sustainable solution to the challenges faced by modern agriculture. This development highlights North America's commitment to advancing sustainable farming practices, reinforcing its leadership in the global agribusiness sector.

Europe Agribusiness Market Trends:

In Europe, sustainable farming and organic food production are major trends. In contrast, countries like France are adopting organic practices with stricter regulations on pesticide use. Also, technological advancements, such as precision agriculture, are boosting efficiency and reducing waste. For example, Germany is investing in digital farming solutions to improve crop yield while minimizing environmental impact, thereby positioning itself as a leader in agri-tech.

Asia Pacific Agribusiness Market Trends:

The Asia Pacific agribusiness market is witnessing a shift towards high-tech farming and food security. Furthermore, countries like China are heavily investing in AI and robotics to optimize crop production and monitor soil health. Besides this, the demand for organic and premium food is increasing with a rising middle class, and India is seeing growth in agricultural exports, especially in organic fruits and vegetables.

Latin America Agribusiness Market Trends:

In Latin America, agribusiness is focused on export-driven growth, particularly in Brazil, which is a major exporter of soybeans and beef. On the contrary, the region is increasingly adopting biotechnology, such as genetically modified crops, to enhance productivity. In addition, sustainable practices are gaining traction, with countries like Argentina integrating water-efficient irrigation systems to cope with climate challenges while improving crop yields.

Middle East and Africa Agribusiness Market Trends:

The Middle East and Africa is embracing technological solutions to tackle food insecurity and water scarcity. In the UAE, vertical farming and hydroponics are gaining momentum as they optimize limited land and water resources. In line with this, countries like South Africa are focusing on agri-tech innovations to improve crop management and yield, thereby ensuring more sustainable food production amid growing populations and changing climates.

Top Companies Leading in the Agribusiness Industry

Some of the leading agribusiness market companies include ABP Food Group, Archer-Daniels-Midland Company, Associated British Foods Plc, BASF SE, Bayer AG, Bunge Limited, Cargill Incorporated, CHS Inc., Nippon Soda Co. Ltd., Nutrien Ltd., Syngenta AG (China National Chemical Corporation), and Wilmar International Limited., among many others. In October 2024, ABP Food Group and Sysco launched the ‘Regen’ regenerative farming project in Co. Tipperary. The initiative will implement sustainable practices to improve soil health, biodiversity, and climate resilience, while sharing findings with the farming community to inspire wider adoption of regenerative methods.

Global Agribusiness Market Segmentation Coverage

• On the basis of the product, the market has been bifurcated into grains (wheat, rice, coarse grains-ragi, sorghum, and millets), oilseeds (wheat, rice, coarse grains-ragi, and sorghum), dairy (liquid milk, milk powder, ghee, butter, ice-cream, cheese, and others), livestock (pork, poultry, beef, and sheep meat), and others, wherein grains represent the most preferred segment. Grains play a vital role in agribusiness, driving global food production, trade, and innovation. They are essential for livestock feed, biofuels, and human consumption, influencing economies and shaping agricultural markets.

Browse IMARC Related Reports on Agribusiness Market:

• UK Agribusiness Market Report