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Report Overview
The global grain market reached approximately 2.30 Billion Tons in 2024. The market is projected to grow at a CAGR of 1.20% between 2025 and 2034, reaching a volume of around 2.59 Billion Tons by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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The USDA reported that U.S. farmers harvested 1.81 billion bushels of wheat from 37.3 million acres in the 2023/24 season.
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According to the USDA, Australia produced 400,000 tonnes of milled rice and 556,000 tonnes of rough rice in 2022/23.
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The Department of Agriculture's 2022-23 estimates show India's foodgrain production at 3296.87 Lakh tonnes, an increase of 140.71 Lakh tonnes.
Grain Market Share
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.
Grain Market Report Snapshots
*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.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate volume of 2.30 Billion Tons.
The market is projected to grow at a CAGR of 1.20% between 2025 and 2034.
The market is estimated to witness healthy growth during 2025-2034 to reach around 2.59 Billion Tons by 2034.
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.
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