Food Grain Market Size, Share, Growth, Trends, and Global Industry Analysis: By Grain Type, By Sales Channel, By Application, and Region Forecast 2019-2030

Food Grain Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Global Industry Analysis By Grain Type (Rice, Wheat, Corn, Barley, Sorghum, and Others), By Sales Channel (Wholesalers, Retailers, and Fair Price Shops), By Application (Animal Feed, Biofuel, Cosmetics, Alcohol, and Others), and Region Forecast 2019-2030

Food grain market size was valued at US$ 1,907.4 billion in 2023, and is estimated to be valued US$ 2,493.2 billion by 2030 growing at a CAGR of 3.9% 2024-2030. The growth of population and increased demand for staple and processed foods, especially in developing economies, stimulates the global market. Government policies favoring agricultural development and improvement in agricultural technology also contribute toward grain production. The considerable restraints such as climate change and extreme weather events limited arable land available, volatility in prices-causing uncertainty in crop yields, and disrupted supply chain movements.

High input costs and environmental concerns are equally burdensome. On the plus side are innovations in sustainable agriculture, biotechnology, and precision farming that offer answers to higher yields with less adverse impact on the environment. Premium foods from organic and non-GMO grains also offer growth prospects. Some of the trends that are emerging as important include sustainable and climate-resilient farming, increasing adoption of technology in agriculture, and then there are alternative grains like quinoa and millet. And it will all decide the course of the global market.

Key Players in the Food Grain Market

The food grain market share is inclusive of several companies such as Cargill, Incorporated, Archer Daniels Midland Company (ADM), Bunge Limited, Louis Dreyfus Company (LDC), Olam International, Glencore Agriculture (Viterra), AGT Food and Ingredients, REI Agro Limited, Kohinoor Foods Limited, KRBL Limited, and Andrews Flour.

Food Grain Market Key Takeaways

  • North America dominates due to its vast agricultural land, ideal climatic conditions, and advanced farming technology.
  • The Asian Pacific region is the fastest-growing market due to food consumption patterns, leading to higher demand for grain in food processing and animal feed.
  • By grain type, wheat is projected to grow in the market because of its status as a global staple, high demand, and widespread cultivation.
  • By sales channel, the dominating segment is wholesalers due to their better at handling large quantities and logistics.
  • By application, the animal feed segment is growing due to sustainable livestock farming methods, thus underpinning their superiority in the market

Facts & Figures

  • Global production of grain for the season 2023-24 is expected to stand at 1,235.73 million tons of corn, 784.91 million tons of wheat, and 513.54 million tons of milled rice. Such production underscores the pronounced contributions these staple crops are making in the broader dimension of achieving global food security as well as their respective economies of agriculture.
  • The continued impacts of El Niño will likely be felt throughout the rest of 2024 in grain output and availability. The phenomenon is expected to bring dryness into major agricultural regions, which will negatively impact yields, influencing market prices and trade flows.

Food Grain Market Key Developments

  • In 2021, Cargill has committed itself to sustainability by launching the "RegenConnect" initiative that supports farms in their quest for better soil health and grain yields, meeting their sustainability needs.
  • In 2020, Bunge Limited expanded its export infrastructure in grains by acquiring two-grain elevators in the U.S. The deal will boost its storage capacity and share of distribution.
  • In 2021, Louis Dreyfus introduced a new strategy to invest in sustainable farming technologies with the vision of reducing its carbon footprint in the grain supply chain.

Food Grain Market Segmentation

By Grain Type: Wheat leads the food grain market because it is the staple food for most people in the world. It is a major constituent of bread, pasta, cereals, and other processed foods, therefore of undeniable importance both in developed and developing countries. Its adaptability and wide suitability to various climates explain why wheat remains at the top of the list, especially in North America, Europe, and Asia. Wheat has experienced huge export demand, and its major exporters include Russia, the U.S., and Canada. Its use in food products allows it to have a continued stay at the top.

By Sales Channel: The major market of food grains is in bulk sales to the wholesaler. Such a segment comprises a larger share, mainly because grain trading involves huge volumes-the easiest means of efficient distribution across various regions. Distributors are highly essential in that they help transport grains from producers to retailers, food processors, and manufacturers to meet a constant supply demand. The expansion in e-commerce also opens new channels for grain sales, but at the same time, most staple grain markets remain dominated by transactions based on the traditional bulk model. This channel is much better at handling large quantities and logistics with market dynamics.

By Application: Animal feed accounts for the majority share of total grain consumption in terms of application within the food grain market. Grains such as corn, barley, and wheat play a key role in livestock nutrition; they are essential for poultry, cattle, and swine. With rising global populations and changing dietary preferences, a growing requirement for meat and dairy products forces the demand for quality animal feed. These are factors that make grains the preferred feed source for more sustainable livestock farming methods, thus underpinning their superiority in the market.

Food Grain Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.9%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Food Grain Market dynamics

Drivers

The rapidly growing food grain market is driven by the rising global population, which fuels the demand for staple foods such as rice, wheat, and corn. The increasing dependence of people on grains for day-to-day consumption, mainly in developing countries, requires consistent grain production and supply. Increased urbanization and growing disposable incomes in emerging economies are also raising the consumption of processed food grains. Favorable government policies for agricultural developments, such as subsidies and technological advancements related to farming, further support grain production. As crop resilience is becoming an increasingly vital concern, investments are primarily in higher-yielding and drought-resistant varieties of grains. The growing interest in food security, especially in countries with significant crop deficits, increases the total demand. Overall, it is the requirement to produce food for the world with sustainable means that propel the market forward, though at a much greater rate in those regions that are currently experiencing high population growth.

Restriants

The primary restraints related to the food grain market include environmental and market-related volatility. Climate change is another very important aspect, as severe climatic conditions - a drought, flood, or erratic rain for many regions - threaten crop output as well as create problems along the food value chain. Secondly, with limited arable land and water resources, and soil degradation, it reduces the capacity to sustainably generate grains for several regions. Price volatility arising from fluctuations in demand and other trade barriers and geos political shocks makes much more difficult this stability of the market. High input costs, particularly for seed and fertilizer, and labor, are a constraint to some extent, especially on small-scale farms. Another challenge that would face agricultural systems would be the increasing pressure to reduce carbon footprints and adopt ecologically friendly agriculture that requires high investment in infrastructure and technology. It would therefore be a potent constraint to the food grain market's ability to meet the increasing global demand in a sustainable and efficient manner.

Opportunity

Indeed, in food grains, there is a big market for high-yielding varieties that are sustainable and can also be developed in biotech agriculture. Exciting possibilities in GM grains and advanced breeding techniques hold tremendous scope for greater pest, disease, and extreme weather tolerance of these crops and hence higher yields. Increased demand for organic and non-GMO grains helps afford this growth opportunity in the context of health-conscious consumers and premium food markets. Expanding international trade agreements would also unlock new markets for grain-exporting countries, leading to further increases in demand. At the same time, growing attention to food security and nutrition in expanding regions of Asia and Africa means an opportunity for infrastructure, storage, and distribution investment. Advances in precision agriculture, such as drones, AI, and data analytics, will optimize the use of resources by farmers; less wastage and more productivity can thus be derived from farmers in the market, hence significant growth opportunities in the global grain market.

Trends

The food grain market reveals the following trend: shift towards sustainable and organic farming practices. The health and environmental concerns in consumers' minds increase the demand for organic and non-GMO grains. Technology use in the sector further changes it, as precision farming tools in the form of drones, sensors, and satellite imagery allow better monitoring of crops and more efficient usage of resources; climate resilience is another emerging trend, such as investment in drought-tolerant and climate-adaptive grain varieties. The rise of alternative grains, such as quinoa, millet, and sorghum, at present, assumes importance with better diversification in diets for consumers seeking healthier grain choices. Further, global expansion is one factor driving this market; grain exports are essential to supplying food, especially those countries with very low agricultural capacity. Such trends convey the greater interest in sustainability, technology, and diversification that defines the food grain industry.

Food Grain Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 1,907.4 billion

Market Size in 2030

US$ 2,493.2 billion

Market CAGR

3.9%

By Grain Type

  • Rice
  • Wheat
  • Corn
  • Barley
  • Sorghum
  • Others

By Sales Channel

  • Wholesalers
  • Retailers
  • Fair Price Shops

By Application

  • Animal Feed
  • Biofuel
  • Cosmetics
  • Alcohol
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle east
  • Africa

Key Features of the Report

  • The food grain market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.

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Frequently Asked Questions

The global food grain market size was valued at US$ 1,907.4 billion in 2023, at a CAGR of 3.9% 2024-2030 and an estimated value of US$ 2,493.2 billion by 2030.

• The increasing global population and its resultant demand for food.
• Increasing urbanization and disposable incomes
• Government incentives for agricultural development.
• Technological changes in agriculture, biotechnology
• Increased demand for processed and convenient food products
• A focus on food security and sustainable agriculture.

• Promote sustainable and organic farming
• The modern practice introduces precision farming through new technologies like drones and AI.
• The increased demand for alternative grains, such as quinoa and millet
• Climate-resilient crop development, or drought-tolerant varieties
• Demand for non-GMO and organic grains is rising among consumers.

The key players of food grain market are Daniels Midland Company (ADM), Bunge Limited, Louis Dreyfus Company (LDC), Olam International, Glencore Agriculture (Viterra), AGT Food and Ingredients, and others are the key players in the food grain market.

Market research report segments grain type, sales channel, application, and regions.

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1.Executive Summary
2.Global Food Grain Market  Introduction 
2.1.Global Food Grain Market - Taxonomy
2.2.Global Food Grain Market - Definitions
2.2.1.Grain Type
2.2.2.Sales Channel
2.2.3.Application
2.2.4.Region
3.Global Food Grain Market  Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Food Grain Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Food Grain Market  By Grain Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Rice
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Wheat
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Corn
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Barley
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Sorghum
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Others
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6.Global Food Grain Market By Sales Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Wholesalers
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Retailers
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Fair Price Shops
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Food Grain Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Animal Feed
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Biofuel
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Cosmetics
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Alcohol
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Food Grain Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Food Grain Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Grain Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Rice
9.1.2.Wheat
9.1.3.Corn
9.1.4.Barley
9.1.5.Sorghum
9.1.6.Others
9.2.  Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Wholesalers
9.2.2.Retailers
9.2.3.Fair Price Shops
9.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Animal Feed
9.3.2.Biofuel
9.3.3.Cosmetics
9.3.4.Alcohol
9.3.5.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Food Grain Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Grain Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Rice
10.1.2.Wheat
10.1.3.Corn
10.1.4.Barley
10.1.5.Sorghum
10.1.6.Others
10.2.  Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Wholesalers
10.2.2.Retailers
10.2.3.Fair Price Shops
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Animal Feed
10.3.2.Biofuel
10.3.3.Cosmetics
10.3.4.Alcohol
10.3.5.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Food Grain Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Grain Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Rice
11.1.2.Wheat
11.1.3.Corn
11.1.4.Barley
11.1.5.Sorghum
11.1.6.Others
11.2.  Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Wholesalers
11.2.2.Retailers
11.2.3.Fair Price Shops
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Animal Feed
11.3.2.Biofuel
11.3.3.Cosmetics
11.3.4.Alcohol
11.3.5.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Food Grain Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Grain Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Rice
12.1.2.Wheat
12.1.3.Corn
12.1.4.Barley
12.1.5.Sorghum
12.1.6.Others
12.2.  Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Wholesalers
12.2.2.Retailers
12.2.3.Fair Price Shops
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Animal Feed
12.3.2.Biofuel
12.3.3.Cosmetics
12.3.4.Alcohol
12.3.5.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Food Grain Market  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Grain Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Rice
13.1.2.Wheat
13.1.3.Corn
13.1.4.Barley
13.1.5.Sorghum
13.1.6.Others
13.2.  Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Wholesalers
13.2.2.Retailers
13.2.3.Fair Price Shops
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Animal Feed
13.3.2.Biofuel
13.3.3.Cosmetics
13.3.4.Alcohol
13.3.5.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Cargill Incorporated
14.2.2.Archer Daniels Midland Company (ADM)
14.2.3.Bunge Limited
14.2.4.Louis Dreyfus Company (LDC)
14.2.5.Olam International
14.2.6.Glencore Agriculture
14.2.7.Viterra
14.2.8.AGT Food and Ingredients
14.2.9.REI Agro Limited
14.2.10.Kohinoor Foods Limited
14.2.11.KRBL Limited
14.2.12.Andrews Flour
15. Research Methodology 
16. Appendix and Abbreviations 

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