According to TechSci Research report, “Global Agricultural Commodities Market By Type (Hard Vs Soft), By Trading Type (Online Vs Offline), By Product Type (Soybeans, Corn, Wheat, Rice, Cocoa, Coffee, Cotton, Spices, Oil Seed, Sugar, Meat, Dairy Products, Others), By Region, Forecast & Opportunities, 2025”, the global agricultural commodities market is expected to grow at a steady rate during the forecast period on account of flourishing food & beverage industry. This has increased the demand for various agricultural commodities for use and also production of new food products. For instance, cocoa is used for production of chocolates and sugar is used as sweetener for production of beverages, biscuits and other food products. Additionally, the use of agricultural commodities both for consumption as well as industrial purposes, is further expected to propel the market growth through 2025. For instance, corn is being used as food, feed & fodder and also for fuel production. Also, growing need to maintain global food safety & security is further expected to fuel the market growth during the forecast period. However, global warming and climate change might hamper the agricultural production, thereby slowing down the market growth. Besides, natural calamities such as draughts, floods, among others, further destroy the crops, thereby impeding the market growth. Also, increasing incidences of pest attacks further destroy the produce. Furthermore, urbanization and industrialization has led to the decrease in per capita arable land, thereby hindering the market growth over the next few years.
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The global agricultural commodities market is segmented based on type, trading type, product type, company and region. Based on product type, the market can be fragmented into soybeans, corn, wheat, rice, cocoa, coffee, cotton, spices, oil seed, sugar, meat, dairy products and others. Here, sugar is expected to hold significant market share since it is one of the most widely traded commodities. On the other hand, meat segment is also expected to witness significant growth on account of the growing non-vegetarian food consumers.
NCDEX, Agrex Inc., Aspect CTRM, Avatrade, Vosbor, MCX India, CME Group Inc, Europe Energy Exchange and others are some of the leading players operating in global agricultural commodities market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“Asia-Pacific is expected to dominate the global agricultural commodities market during the forecast period, since the region is world’s largest production giant. China is the largest producer of wheat, rough rice, lean hogs, pork bellies, among others and second largest producer of maize in the world. On the other hand, India is the largest producer of spices, cotton and second largest producer of sugar. Furthermore, countries such as Indonesia and Malaysia are the largest producers of palm oil. Vietnam holds the second spot among global coffee producers, with Indonesia and India also in the top five. Natural rubber market is also dominated by Asian countries, led by Thailand, Indonesia, Vietnam and India.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Agricultural Commodities Market By Type (Hard Vs Soft), By Trading Type (Online Vs Offline), By Product Type (Soybeans, Corn, Wheat, Rice, Cocoa, Coffee, Cotton, Spices, Oil Seed, Sugar, Meat, Dairy Products, Others), By Region, Forecast & Opportunities, 2025”,” has evaluated the future growth potential of global agricultural commodities market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global agricultural commodities market.
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Source : TechSci Research