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Agribusiness in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Agribusiness Market Research Report | NAICS NN004 | May 2013

Greener pastures: Agribusiness will expand as more corporations become involved and exports revive

IBISWorld’s Agribusiness market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$3tr
Annual Growth 08-13
0.6%
Annual Growth 13-18
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Profit
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Employment
7,084,882
Businesses
2,343,237
Industry Analysis & Industry Trends

Large multinational companies are increasingly getting in on the agribusiness act. These corporations are encouraging vertical integration in the industry and are actively boosting the industry's profitability as a whole. Over the five years to 2013, the Agribusiness industry has experienced increasing interest in biofuel, strong growth in the number of free-trade agreements signed by the federal government and a rise in the prevalence of genetically modified seeds. These trends are forecast to continue over the next five years... purchase to read more

Industry Report - Starting a New Business Chapter

Overall, there are few barriers to entry for potential entrants looking to join the Agribusiness industry. There are many different levels available to participate in the industry, such as farming, manufacturing and processing, wholesaling and direct retailing.

The highest barriers to entry exist in those segments that deal directly with the handling and processing of food, particularly meats and other hygiene-sensitive products. These segments are regulated by the US Department of Agriculture (USDA) to create uniform standards for the processing of food and perishable goods. The USDA has the ability to refuse entry to operators who do not meet the standards set by the applicable regulations... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Agribusiness Industry?

The Agribusiness industry includes businesses that directly engage in or directly benefit from agricultural activities. Businesses in this industry may produce agricultural commodities, buy agricultural produce or supply goods and services to farms and the agriculture industry. This industry focuses on the food-supply chain up to, but not including, the point of retail sale.

Industry Products
Meat, beef and poultry processingAnimal (including dairy) farmingCrop farmingOil, grain and packaged food manufacturingFood and supplies wholesalingTractor and agricultural machinery manufacturingFertilizer and pesticide manufacturingAgribusiness services
 
Industry Activities
Soybean and corn farmingFrozen foodsBeef cattle production, dairy cattle farming and meat processingMargarine and cooking oil processingCorn, soybean and wheat wholesalingDairy product and milk productionFarm supplies and farm equipment wholesalingFruit and vegetable wholesalingTractors and agricultural machinery retailingFertilizer and pesticide


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