Agriculture in Brazil Market Trends

Statistics for the 2023 & 2024 Agriculture in Brazil market trends, created by Mordor Intelligence™ Industry Reports. Agriculture in Brazil trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Corporate License

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Market Trends of Agriculture in Brazil

Higher Adoption of GM Crops and High Yielding Variety Seeds

Brazil mainly adopted GM seeds in soybeans, corn, and cotton. According to Council for Information on Biotechnology (CIB Brazil), there have been fewer losses caused by pests after adoption of GMO seeds. Consequently, the productivity and yield of the GM crops have been, on average, higher than conventional crops. The profit obtained per hectare from GM soybeans was up to 26% higher than the conventional variety. For corn, the performance differential reached 64% in the summer harvest and 152% in the winter harvest. In the case of cotton, GM seeds have a margin of 12% higher than non-modified ones.

driver

Increase in production of molasses and raw sugar driving the sugarcane market.

Sugarcane is the main raw meterial for molasses and raw sugar. Demand for molasses and raw sugar drives the market for sugarcane. According to Food and agricultural and organization (FAO), molasses and raw sugar production was valued at 2.3 million metric tons in the year 2013 which increased to 2.6 million metric tons in the year 2014. Molasses being an important ingredient in liquor production, it drives the market with the consumption of liquor too. These market influenced drivers have expected to drive the market further in the future.

driver 2

Brazil Agriculture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)