Agriculture Supply Chain Market 2024: Insights, Outlook, & Growth Opportunities

The agriculture supply chain is evolving rapidly, driven by increasing demand for efficiency, sustainability, and resilience in food production and distribution.

Agriculture Supply Chain Market Statistics (2024)	Predictions and Insights	Source
1. The World Bank notes that climate change could reduce global agricultural yields by up to 10% by 2050.	This decline could lead to increased pressure on food production systems, higher costs for producers, and greater volatility in food prices. As a result, supply chain resilience will become increasingly important, with a likely emphasis on improving efficiency and investing in adaptive technologies.	Contact us to view the source.
2. The European Union’s Common Agricultural Policy (CAP) includes a budget of 426 billion USD for 2021-2027 to support farmers and ensure a stable food supply.	This funding supports farmers in maintaining production levels and facilitates investments in sustainable practices, resilience to climate change, and rural development. The CAP aims to mitigate the risks of supply chain disruptions by bolstering the agricultural sector.	Contact us to view the source.
3. According to the World Economic Forum, blockchain could reduce global food fraud and improve supply chain transparency, potentially saving the food industry USD 31 billion by 2027.	Blockchain can significantly reduce losses related to fraud, inefficiencies, and mismanagement in the food supply chain. This bolsters consumer trust and leads to more efficient operations and business cost savings.	Contact us to view the source.
4. FAO’s preliminary estimate for the global food import bill 2024 is forecast to rise by 2.5 percent to exceed $2 trillion.	This suggests increasing pressure on global food supply chains, likely driven by higher production, logistics, and demand costs, which could potentially impact food prices and accessibility worldwide.	Contact us to view the source.
5. Global cereal production is projected to reach 2.8 billion tonnes in 2024, driven by higher outputs of maize, wheat, and rice	This will intensify the demand for more efficient and resilient agriculture supply chains, prompting further investments in storage infrastructure, transportation logistics, and digital technologies to minimize post-harvest losses and ensure timely delivery to markets.	Contact us to view the source.
6. According to the FAO, global protein consumption is expected to grow by 1.7% annually until 2030, with the highest increases in Asia and Sub-Saharan Africa.	This will drive the expansion and modernization of agriculture supply chains, necessitating enhanced processing, storage, and distribution capabilities to meet rising demand efficiently and sustainably.	Contact us to view the source.

Agriculture Supply Chain Market – Key Takeaways

The agriculture supply chain market is set to undergo significant transformation in the coming years, driven by technological advancements, sustainability initiatives, and the need for greater resilience. For more in-depth research and analysis, visit our Research and Development page to explore our syndicated reports and custom research services.