Agriculture in Uruguay Market Size (2024 - 2029)

The Uruguayan agriculture market is anticipated to experience growth, driven by factors such as extensive arable land and supportive government policies that facilitate agro-industrial exports. The sector plays a crucial role in the national economy, contributing significantly to GDP and exports. Recent changes in consumer dietary preferences, alongside rising food consumption rates, particularly among the middle-income population, are expected to influence the market's expansion. The increasing demand for food crops, especially fruits and vegetables, due to population growth, further underscores the market's potential.

Home Market Analysis Agriculture Research Agricultural Commodities Research Uruguay Farming Industry Market Size

Market Size of Agriculture in Uruguay

Uruguay Agriculture Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.00 %

Major Players

Uruguay Agriculture Market Major Players

*Disclaimer: Major Players sorted in no particular order

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Uruguay Agriculture Market Analysis

The Uruguayan agriculture market is projected to register a CAGR of 4.0% during the forecast period.

  • The factors driving the market are the abundant arable land, which accounts for 16.4 million hectares (93% of the country's total land area) in 2021, and favorable government policies like no limitations or restrictions on the export of agro-industrial goods and further driven by increasing income, rapid urbanization, and a shift in consumers' diet preferences toward nutritional food.
  • The agricultural sector is a mainstay of the Uruguayan economy. Agriculture and agri-industry account for 12% of the GDP and about 70% of the total exports. Agriculture in Uruguay has witnessed great changes during the last decade. The food consumption rates in the country are rising, especially among the middle-income group. 
  • Uruguay's major agricultural products are soybeans, rice, wheat, maize, sorghum, citrus fruits (mainly oranges, tangerines, lemons, and grapefruits), and deciduous fruits (mainly apples, pears, peaches, plums, quince, and nectarines). As a result, rising demand for food crops due to the country's growing population, particularly for fruits and vegetables, is expected to drive the market.

Uruguay Agriculture Industry Segmentation

Agriculture is the practise of cultivating crops such as cereals, fruits and vegetables. The Uruguayan agriculture market is segmented by crop type (cereals, oilseeds, fruits, vegetables, and other crops). 

The report includes production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis. 

The report provides the market size and forecasts in terms of value (USD thousand) and volume (metric ton) for the above-mentioned segments.

Crop Type (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)
Cereals
Oilseeds
Fruits
Vegetables
Other Crops
Need A Different Region Or Segment?
Customize Now

Agriculture in Uruguay Size Summary

The Uruguayan agriculture industry is a vital component of the nation's economy, contributing significantly to its GDP and export earnings. The sector benefits from extensive arable land and supportive government policies that facilitate the export of agro-industrial goods. The market is experiencing growth driven by increasing income levels, urbanization, and a shift towards more nutritional food preferences among consumers. Key agricultural products include soybeans, rice, wheat, maize, sorghum, and various fruits, with rising demand for food crops, particularly fruits and vegetables, spurring market expansion. The agricultural sector's transformation over the past decade has been marked by changes in food consumption patterns, especially among the middle-income demographic.

The industrial sector in Uruguay is closely linked to agriculture, with a significant portion of industrial production centered around food processing and refining agricultural products. The food and beverage industry is a major manufacturing sector, with processed foods and beverages being key products. The country's principal food processing facilities are located in Fray Bentos and Paysanduu, serving markets within the MERCOSUR region. Despite the need for imports to meet domestic demand, the market is growing due to increasing consumer demand for food and beverage products. Major companies are expanding operations and launching new products to capitalize on this demand. Additionally, initiatives like the Inter-American Development Bank's loan for digitizing agricultural services and the government's agroecological project aim to enhance the sector's efficiency and sustainability.

Explore More

Agriculture in Uruguay Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Crop Type (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)

      1. 2.1.1 Cereals

      2. 2.1.2 Oilseeds

      3. 2.1.3 Fruits

      4. 2.1.4 Vegetables

      5. 2.1.5 Other Crops

Agriculture in Uruguay Market Size FAQs

The Agriculture in Uruguay Market is projected to register a CAGR of 4% during the forecast period (2024-2029)

The report covers the Agriculture in Uruguay Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Agriculture in Uruguay Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Uruguay Agriculture Market Report Snapshots

Uruguay Agriculture Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)