Market Size of Agriculture in Brazil
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 100.13 Billion |
| Market Size (2029) | USD 113.84 Billion |
| CAGR (2024 - 2029) | 2.60 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Brazil Agriculture Market Analysis
The Agriculture in Brazil Market size is estimated at USD 100.13 billion in 2024, and is expected to reach USD 113.84 billion by 2029, growing at a CAGR of 2.60% during the forecast period (2024-2029).
Due to the COVID-19 pandemic, a+griculture in Brazil suffered from farm labor shortage during the harvesting and input supply crisis, which, in turn, hampered the usual production of the country. The repeated lockdowns and shutdowns of processing units affected the supply chain and limited trade movements to other countries. Moreover, the lack of storage facilities led to a major quality loss of the country's produces.
Brazil is a major player in the global agricultural trade. The most significant products in the sector are rice, maize, soybean, sorghum, sugarcane, potato, corn, tomato, watermelon, and onion. The country accounts for 50% of the global soybean market, and it became the second-largest corn exporter in 2021. Further, the country has also become the consolidated leader in coffee and sugar production. In terms of food crops, Brazil is the largest soybean producer and exporter as it took first place, with a record production of 126 million metric ton. It exported 84 million metric ton in 2020, and now it accounts for 50% of the global soybean trade.
Brazil Agriculture Industry Segmentation
The main crops with large market size and growth prospects include cereal crops such as rice, maize, millet, and sorghum, along with fruit and vegetable crops such as tomato, onions, pineapple, and mangoes. Sugarcane also forms one of the major agricultural crops of the country. HS codes considered for the analysis are 07, 08, and 10. The agriculture market in Brazil is segmented by major crops into food crops/cereals, fruits, and vegetables. The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers the market size and forecasts in terms of value (USD million) and volume (metric ton) for the above-mentioned segments.
Agriculture in Brazil Size Summary
The agriculture sector in Brazil is a significant component of the country's economy, with the market size projected to experience steady growth over the coming years. Despite challenges posed by the COVID-19 pandemic, such as labor shortages and supply chain disruptions, Brazil remains a dominant force in global agricultural trade. The country is a leading producer and exporter of key commodities like soybean, maize, and sugarcane, with soybean production being particularly noteworthy as Brazil accounts for a substantial portion of the global market. The favorable climate in regions like Rio Grande do Sul, Santa Catarina, and Parana supports extensive crop production, making Brazil a crucial player in the international food supply chain.
Brazil's agricultural industry is characterized by its advanced use of technology, including genetically modified crops, which enhance productivity and pest resistance. The country's mechanized rice cultivation and extensive use of biotech crops like soybean, maize, and cotton underscore its commitment to increasing agricultural output. Brazil's export performance is robust, with significant shipments of fruits and other commodities to markets in Europe and beyond. This growing export capacity not only reflects the high global demand for Brazilian agricultural products but also contributes to the sector's expansion, reinforcing Brazil's position as a leading agricultural producer and exporter on the world stage.
Agriculture in Brazil Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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2. MARKET SEGMENTATION (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis
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2.1 Food Crops/Cereals
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2.2 Fruits
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2.3 Vegetables
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Agriculture in Brazil Market Size FAQs
How big is the Brazil Agriculture Market?
The Brazil Agriculture Market size is expected to reach USD 100.13 billion in 2024 and grow at a CAGR of 2.60% to reach USD 113.84 billion by 2029.
What is the current Brazil Agriculture Market size?
In 2024, the Brazil Agriculture Market size is expected to reach USD 100.13 billion.
