Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 58.75 Billion | USD 78.42 Billion | 3.73% | 2022 |
FrequentlyAsked Questions
Contract farming is an agricultural practice in which farmers enter into an agreement or contract to produce certain crops, pregnant or livestock as predetermined with an agribusiness, cooperative, or system. It is an integrated system that provides a framework for agriculture and marketing, helping to bridge the gap between farmers and buyers.
Increasing demand for agricultural products and food security is likely to embellish global market trends. Contract farming plays a vital role in meeting the demand by providing the infrastructure and infrastructure for agriculture. Agribusiness enables processors and retailers to provide stable and reliable agricultural products.
According to the report, the global contract farming market size was worth around $ 58.75 billion in 2022 and is predicted to grow to around $ 78.42 billion by 2030.
The global contract farming market is expected to grow at a CAGR of 3.73% during the forecast period.
The global contract farming market growth is expected to be driven by North America due to its advanced technological innovations and consumer demand for traceable, high-quality agricultural produce.
The global contract farming market is dominated by players like Cargill Inc., Archer Daniels Midland Company (ADM), Olam International Limited, Nestlé SA, Tyson Foods, Inc., JBS SA, Bunge Limited, Wilmar International Limited, Louis Dreyfus Company (LDC), and COFCO Corporation.
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