Reports
Reports
Sale
The global grain market reached approximately 2.3 billion tons in 2023. The market is projected to grow at a CAGR of 1.20% between 2024 and 2032, reaching a volume of around 2.56 billion tons by 2032.
Global Grain Market Report Summary | Description | Value |
Base Year | Billion Tons | 2023 |
Historical Period | Billion Tons | 2018-2023 |
Forecast Period | Billion Tons | 2024-2032 |
Market Size 2023 | Billion Tons | 2.30 |
Market Size 2032 | Billion Tons | 2.56 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 1.2% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 1.5% |
CAGR 2024-2032 - Market by Country | India | 1.6% |
CAGR 2024-2032 - Market by Country | China | 1.3% |
CAGR 2024-2032 - Market by Production Method | Organic | 2.8% |
CAGR 2024-2032 - Market by End Use | Food and Beverages | 1.4% |
Market Share by Country 2023 | Japan | 4.2% |
Rise in global population leading to high food demand, favourable trade policies and advancements in agricultural techniques to boost grain production are some of the major market drivers. Furthermore, the grain market trends and dynamics are driven by the implementation of techniques such as precision farming and genetically modified crops can prove effective in boosting grain yield.
The rising grain industry demand for biofuels is fuelling a substantial growth in soybean crush capacities. Numerous facilities are in the process of expanding or constructing new plants to keep up with the rising demand for biodiesel and this latest development represents the most significant expansion in the sector since the late 1970s and early 1980s.
The grain market key players are expanding their grain storage capacities to meet the growing demand. Rumo, the Brazilian rail operator, and DP World, a supply chain solutions provider, announced an agreement to establish a new port terminal for grains and fertilisers at the Port of Santos, Brazil, in March 2024. It offers the additional capacity for 9 million tonnes of grains and 3.5 million tonnes of fertilisers.
In 2023, the growth of the grain market is indicated by the growing global grain production that surged to a new peak of 2,847 million metric tons, marking a 1.2% rise from the previous year's 2,794 MMT, as reported by the FAO. Per capita, grain consumption has remained stable at approximately 364 kilograms per individual boosting the grain market value.
The FAO forecasts that global grain utilization will continue to increase, with a projected 0.5% rise to reach a new high of 2,851 million metric tons in 2024-2025. This upward trend plays an essential role in the growth of the grain industry.
In 2023, the U.S. corn industry achieved unprecedented success, setting new production and yield records according to USDA, further boosting the grain market dynamics and trends. Production surged by 12% to 15.3 billion bushels, driven by a notable increase in average yield to 177.3 bushels per acre and a 10% expansion in acreage to 86.5 million acres, highlighting modern agricultural efficiency.
The increasing global population is a major driver behind the rising demand for grains worldwide. The grain market analysis indicates population projections foresee a substantial increase from 7.8 billion in 2020 to 9.7 billion by 2050, growing at an average annual rate of 1.1%. This equates to nearly 2 billion additional individuals to sustain, intensifying the strain on grain production. Global grain consumption could potentially reach 3.7 billion metric tons annually by 2050, assuming per capita consumption remains unchanged, to meet this projected grain demand.
Growth of the grain industry features fierce competition among major exporting regions such as North America, Europe, Australia, and the Black Sea region. Each region possesses specific competitive strengths and encounters distinct challenges that influence its standing in the global market. Historically, the U.S. has held a leading position in the global grain trade, particularly for maize and soybeans enhancing the grain industry revenue.
“Global Grain Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Grain Type
Market Breakup by Production Method
Market Breakup by End Use
Market Breakup by Region
CAGR 2024-2032 - Market by | Country |
India | 1.6% |
China | 1.3% |
Canada | 1.2% |
UK | 1.1% |
Australia | 0.9% |
USA | XX% |
Germany | XX% |
France | 0.8% |
Italy | XX% |
Japan | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
Based on end use, the market is divided into food and beverages, animal feed, and biofuels, among others. Food and beverages account for a significant market share as wheat, rice, and corn are staple crops for a significant percentage of the world's population. Wheat finds widespread use in bread, pasta, and other baked items, whereas rice is a staple food in Asia, thus, boosting the grain market revenue.
The market participants are expanding their storage capacities to accommodate the growing demand for grains.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Grain Type |
|
Breakup by Production Method |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Grain Market Analysis
8.1 Key Industry Highlights
8.2 Global Grain Historical Market (2018-2023)
8.3 Global Grain Market Forecast (2024-2032)
8.4 Global Grain Market by Grain Type
8.4.1 Wheat
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rice
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Corn
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Barley
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Oats
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Grain Market by Production Method
8.5.1 Conventional
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Organic
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Grain Market by End Use
8.6.1 Food and Beverages
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Animal Feed
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Biofuels
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Grain Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Grain Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Grain Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Grain Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Grain Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Grain Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Archer Daniels Midland Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bunge Global SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cargill, Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Continental Grain Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 CGB Enterprises, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 COFCO Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Louis Dreyfus Company B.V.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 KRBL Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 ITC Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 LT Foods Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Grain Market: Key Industry Highlights, 2018 and 2032
2. Global Grain Historical Market: Breakup by Grain Type (Billion Tons), 2018-2023
3. Global Grain Market Forecast: Breakup by Grain Type (Billion Tons), 2024-2032
4. Global Grain Historical Market: Breakup by Production Method (Billion Tons), 2018-2023
5. Global Grain Market Forecast: Breakup by Production Method (Billion Tons), 2024-2032
6. Global Grain Historical Market: Breakup by End Use (Billion Tons), 2018-2023
7. Global Grain Market Forecast: Breakup by End Use (Billion Tons), 2024-2032
8. Global Grain Historical Market: Breakup by Region (Billion Tons), 2018-2023
9. Global Grain Market Forecast: Breakup by Region (Billion Tons), 2024-2032
10. North America Grain Historical Market: Breakup by Country (Billion Tons), 2018-2023
11. North America Grain Market Forecast: Breakup by Country (Billion Tons), 2024-2032
12. Europe Grain Historical Market: Breakup by Country (Billion Tons), 2018-2023
13. Europe Grain Market Forecast: Breakup by Country (Billion Tons), 2024-2032
14. Asia Pacific Grain Historical Market: Breakup by Country (Billion Tons), 2018-2023
15. Asia Pacific Grain Market Forecast: Breakup by Country (Billion Tons), 2024-2032
16. Latin America Grain Historical Market: Breakup by Country (Billion Tons), 2018-2023
17. Latin America Grain Market Forecast: Breakup by Country (Billion Tons), 2024-2032
18. Middle East and Africa Grain Historical Market: Breakup by Country (Billion Tons), 2018-2023
19. Middle East and Africa Grain Market Forecast: Breakup by Country (Billion Tons), 2024-2032
20. Global Grain Market Structure
In 2023, the market reached an approximate volume of 2.3 billion tons.
The market is projected to grow at a CAGR of 1.20% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around 2.56 billion tons by 2032.
The market is being driven due to rise in global population leading to high food demand, favourable trade policies and advancements in agricultural techniques.
The key trends aiding the market include rising demand for biofuels, favourable government incentives, and strategic efforts by the market players.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is categorised according to the grain type, which includes wheat, rice, corn, barley, oats, and others.
Based on the end use, the market is divided into food and beverages, animal feed, biofuels, and others.
The market key players are Archer Daniels Midland Company, Bunge Global SA, Cargill, Incorporated, Continental Grain Company, CGB Enterprises, Inc., COFCO Corporation, Louis Dreyfus Company B.V., KRBL Limited, ITC Limited, LT Foods Limited, and others.
Based on the production method, the market is divided into conventional and organic.
Datasheet
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.