Agriculture
involves the cultivation of plants, and animal and bird rearing for food,
fabrics, fibers, bio-fuel, medicinal and other products used to sustain and
enhance human life. This industry also includes horticulture and aquaculture.
The agricultural
market is expected to grow from 12 trillion in 2017 to 15 trillion in 2021.
Going forward, the market is expected to witness a higher growth, resulting
from changing consumer preferences and rising demand for better quality and
high-end food products.
Agriculture can
be split into crop production, animal produce and rural activities.
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Asia Pacific was
the largest region in the agriculture market in 2017, accounting for over 50%
market share. China was the largest country in the agriculture market in 2017,
accounting for around one-fifth of the market share. This can be attributed to
the large population and agricultural land mass in the country.
Some of the
major players in market in 2017 were Cargill, Inc., JBS S.A., and Tyson Foods,
Inc.
Cargill, Inc.
was the largest competitor in the agriculture market in 2017 with a 0.93% share
of the market. It was founded in 1865, at Minnesota, USA. It is a provider of
food, agriculture, financial and industrial products and services to the world.
It has approximately 155,000 employees in 68 countries around the globe.
Cargill is the largest privately held corporation in USA, in terms of its
revenue.
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