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Argentina Agriculture - Industry - Market, Share and Trends 2023-2028

Report ID:

AGIND1SARG

|

Industry:

Summary of Agriculture

Argentina’s agriculture industry is a cornerstone of the country’s economy, characterized by vast expanses of fertile land, diverse climates, and a rich agricultural heritage. Agriculture contributes significantly to GDP, exports, and employment, with Argentina being a major global producer and exporter of agricultural commodities.

The sector encompasses a wide range of crops, including soybeans, corn, wheat, sunflower, and barley, as well as livestock such as cattle and poultry. Argentina’s agriculture industry is known for its adoption of modern farming techniques, including no-till agriculture, precision farming, and biotechnology, which have contributed to increased productivity and competitiveness.

Government policies aim to support sustainable agriculture practices, promote rural development, and enhance food security while fostering innovation and technological advancements in the sector. It currently accounts for over 15.00% of the worlds agricultural industry.

According to our estimates – we can say that the agricultural industry in Argentina is forecasted to be a $55.08 Billion industry in 2029 from $40.64 Billion in 2023 with a CAGR of 5.20%.

Recent Trends and Insights

In recent years, Argentina’s agriculture industry has witnessed several significant trends and developments. One notable trend is the continued expansion of soybean cultivation, driven by strong global demand for soy products and favorable export opportunities. Soybeans are Argentina’s primary agricultural export commodity, with the country being one of the world’s largest producers and exporters. Additionally, there’s growing diversification in crop production, with increased cultivation of corn, wheat, and other grains to meet domestic demand and capitalize on international markets.

Furthermore—Argentina has seen advancements in agricultural technology and digitalization, with the adoption of precision agriculture tools, satellite imagery, and data analytics to optimize resource management and decision-making on the farm. Biotechnology plays a crucial role in Argentina’s agriculture sector, particularly in soybean production, where genetically modified varieties are widely grown for their pest resistance and yield potential.

Sustainable agriculture practices are gaining prominence in Argentina, with initiatives focused on soil conservation, water management, and biodiversity preservation. Agroecology and organic farming methods are being promoted, catering to domestic and international markets’ demand for environmentally friendly and socially responsible agricultural products.

In response to changing consumer preferences and market dynamics, Argentina’s agriculture industry is witnessing increased attention to value-added products and niche markets. This includes organic and specialty crops, premium quality meats, and differentiated food products, reflecting consumer demand for quality, authenticity and sustainability.

Product Insights

Argentina’s agriculture sector produces a diverse range of crops, livestock, and agricultural products, contributing significantly to the country’s economy and international trade. Soybeans are the leading crop, occupying a substantial portion of Argentina’s agricultural land and accounting for a significant share of export earnings. Corn, wheat, and sunflower are also major crops, cultivated across different regions of the country to meet domestic demand and export markets’ requirements.

Livestock farming plays a crucial role in Argentina’s agriculture industry, with beef cattle production being particularly significant. Argentina is renowned for its high-quality beef, favored for its flavor, tenderness, and grass-fed production methods. Additionally, Argentina produces poultry, pork, and dairy products to meet domestic consumption needs and export to global markets.

Fruits and vegetables are grown in various regions of Argentina, benefiting from diverse climates and fertile soils. Citrus fruits, apples, pears, grapes, and berries are among the key fruit crops, while tomatoes, lettuce, carrots, and onions are prominent vegetables. Argentina’s fruit and vegetable production caters to both domestic markets and export markets, with a focus on quality, freshness, and food safety standards.

The wine industry is a significant component of Argentina’s agriculture sector, with vineyards located in regions such as Mendoza, Salta, and San Juan. Argentina produces a wide range of wine varieties, including Malbec, Cabernet Sauvignon, and Torrontés, renowned for their quality and distinctive flavors. Wine tourism has also emerged as a growing sector, attracting visitors to Argentina’s vineyards and wine-producing regions.

Value-added agriculture is increasingly important in Argentina, with investments in food processing, agro-industrial facilities, and value chain development. This includes the production of packaged foods, canned goods, dairy products, and processed meats for domestic consumption and export markets.

Key Companies

Some major players within this vast domain of industry are:

  • Agrotoken
  • Bioceres Crop Solutions
  • Ucrop.it
  • Auravant
  • Kilimo
  • S4
  • Agree
  • Eiwa
  • Sima Software Corp
  • Deep Agro

Country Analysis

Argentina’s agriculture industry exhibits regional variations influenced by climatic conditions, soil types, and geographical features. The Pampas region, encompassing provinces such as Buenos Aires, Santa Fe, and Córdoba, is the country’s agricultural heartland, characterized by fertile soils and temperate climates ideal for crop cultivation. The Pampas region produces a significant portion of Argentina’s grains, oilseeds, and soybeans, contributing to the country’s export-oriented agriculture.

The northern regions of Argentina, including provinces like Salta, Tucumán, and Jujuy, have diverse agricultural landscapes, with tropical and subtropical climates conducive to the cultivation of fruits, sugar cane, and tobacco. These regions also have significant potential for agroforestry and specialty crops, leveraging their biodiversity and unique growing conditions.

The western provinces of Argentina, such as Mendoza, San Juan, and La Rioja, are known for their vineyards and wine production. These regions benefit from mountainous terrain, ample sunlight, and irrigation systems derived from Andean snowmelt, creating ideal conditions for grape cultivation and wine making.

Patagonia, in southern Argentina, has a cooler climate and unique environmental conditions suitable for livestock grazing and wool production. Sheep farming is prominent in this region, with ranches and estancias raising Merino and Corriedale sheep for wool and meat.

Coastal regions along the Atlantic Ocean and Rio de la Plata estuary support fisheries and aquaculture activities, contributing to Argentina’s seafood production and marine resources utilization.

Overall, Argentina’s agriculture industry is characterized by regional specialization, with each region contributing unique crops, products, and value chains to the country’s agricultural economy. Government policies and investments aim to promote inclusive and sustainable agricultural development across different regions, leveraging their diverse resources and capabilities.

Market segmentation

By Type:

  • Crop farming
  • Livestock farming
  • Mixed farming (combination of crop and livestock)
  • Aquaculture (farming of fish and other aquatic organisms)
  • Horticulture (cultivation of fruits, vegetables, and ornamental plants)
  • Forestry (management and cultivation of forests)

By End User:

  • Commercial farmers
  • Small-scale farmers
  • Agribusinesses and cooperatives
  • Government and research organizations
  • Retailers and distributors of agricultural products

By Sub-Sector:

  • Arable farming (crops like wheat, corn, rice, etc.)
  • Dairy farming (production of milk and dairy products)
  • Poultry farming (raising chickens, ducks, and other birds)
  • Viticulture (cultivation of grapes for wine production)
  • Floriculture (cultivation of flowers)
  • Specialty crops (such as herbs, spices, and niche products)

Our Methodology

We have offered a well-founded review of Argentina’s agriculture market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The Argentina National value of the Agriculture Industry is USD 4064 Billion in 2023 and is expected to grow to USD 5508 Billion by 2029

The CAGR of the Agriculture Industry Market in Argentina is 5.2%

Pampas accounts for 32.4% of the total market share of the Agriculture Industry Market in Argentina

The key players in Argentina in Agriculture Industry Market are AGCO Corporation, John Deere, Apache, Metalfor and Pauny. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Agriculture Industry Market in Argentina are Geographic Diversity, Government Policies, Currency Exchange Rates, Land Use Policies and Domestic Consumption Patterns. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

Summary of Agriculture

Argentina’s agriculture industry is a cornerstone of the country’s economy, characterized by vast expanses of fertile land, diverse climates, and a rich agricultural heritage. Agriculture contributes significantly to GDP, exports, and employment, with Argentina being a major global producer and exporter of agricultural commodities.

The sector encompasses a wide range of crops, including soybeans, corn, wheat, sunflower, and barley, as well as livestock such as cattle and poultry. Argentina’s agriculture industry is known for its adoption of modern farming techniques, including no-till agriculture, precision farming, and biotechnology, which have contributed to increased productivity and competitiveness.

Government policies aim to support sustainable agriculture practices, promote rural development, and enhance food security while fostering innovation and technological advancements in the sector. It currently accounts for over 15.00% of the worlds agricultural industry.

According to our estimates – we can say that the agricultural industry in Argentina is forecasted to be a $55.08 Billion industry in 2029 from $40.64 Billion in 2023 with a CAGR of 5.20%.

Recent Trends and Insights

In recent years, Argentina’s agriculture industry has witnessed several significant trends and developments. One notable trend is the continued expansion of soybean cultivation, driven by strong global demand for soy products and favorable export opportunities. Soybeans are Argentina’s primary agricultural export commodity, with the country being one of the world’s largest producers and exporters. Additionally, there’s growing diversification in crop production, with increased cultivation of corn, wheat, and other grains to meet domestic demand and capitalize on international markets.

Furthermore—Argentina has seen advancements in agricultural technology and digitalization, with the adoption of precision agriculture tools, satellite imagery, and data analytics to optimize resource management and decision-making on the farm. Biotechnology plays a crucial role in Argentina’s agriculture sector, particularly in soybean production, where genetically modified varieties are widely grown for their pest resistance and yield potential.

Sustainable agriculture practices are gaining prominence in Argentina, with initiatives focused on soil conservation, water management, and biodiversity preservation. Agroecology and organic farming methods are being promoted, catering to domestic and international markets’ demand for environmentally friendly and socially responsible agricultural products.

In response to changing consumer preferences and market dynamics, Argentina’s agriculture industry is witnessing increased attention to value-added products and niche markets. This includes organic and specialty crops, premium quality meats, and differentiated food products, reflecting consumer demand for quality, authenticity and sustainability.

Product Insights

Argentina’s agriculture sector produces a diverse range of crops, livestock, and agricultural products, contributing significantly to the country’s economy and international trade. Soybeans are the leading crop, occupying a substantial portion of Argentina’s agricultural land and accounting for a significant share of export earnings. Corn, wheat, and sunflower are also major crops, cultivated across different regions of the country to meet domestic demand and export markets’ requirements.

Livestock farming plays a crucial role in Argentina’s agriculture industry, with beef cattle production being particularly significant. Argentina is renowned for its high-quality beef, favored for its flavor, tenderness, and grass-fed production methods. Additionally, Argentina produces poultry, pork, and dairy products to meet domestic consumption needs and export to global markets.

Fruits and vegetables are grown in various regions of Argentina, benefiting from diverse climates and fertile soils. Citrus fruits, apples, pears, grapes, and berries are among the key fruit crops, while tomatoes, lettuce, carrots, and onions are prominent vegetables. Argentina’s fruit and vegetable production caters to both domestic markets and export markets, with a focus on quality, freshness, and food safety standards.

The wine industry is a significant component of Argentina’s agriculture sector, with vineyards located in regions such as Mendoza, Salta, and San Juan. Argentina produces a wide range of wine varieties, including Malbec, Cabernet Sauvignon, and Torrontés, renowned for their quality and distinctive flavors. Wine tourism has also emerged as a growing sector, attracting visitors to Argentina’s vineyards and wine-producing regions.

Value-added agriculture is increasingly important in Argentina, with investments in food processing, agro-industrial facilities, and value chain development. This includes the production of packaged foods, canned goods, dairy products, and processed meats for domestic consumption and export markets.

Key Companies

Some major players within this vast domain of industry are:

  • Agrotoken
  • Bioceres Crop Solutions
  • Ucrop.it
  • Auravant
  • Kilimo
  • S4
  • Agree
  • Eiwa
  • Sima Software Corp
  • Deep Agro

Country Analysis

Argentina’s agriculture industry exhibits regional variations influenced by climatic conditions, soil types, and geographical features. The Pampas region, encompassing provinces such as Buenos Aires, Santa Fe, and Córdoba, is the country’s agricultural heartland, characterized by fertile soils and temperate climates ideal for crop cultivation. The Pampas region produces a significant portion of Argentina’s grains, oilseeds, and soybeans, contributing to the country’s export-oriented agriculture.

The northern regions of Argentina, including provinces like Salta, Tucumán, and Jujuy, have diverse agricultural landscapes, with tropical and subtropical climates conducive to the cultivation of fruits, sugar cane, and tobacco. These regions also have significant potential for agroforestry and specialty crops, leveraging their biodiversity and unique growing conditions.

The western provinces of Argentina, such as Mendoza, San Juan, and La Rioja, are known for their vineyards and wine production. These regions benefit from mountainous terrain, ample sunlight, and irrigation systems derived from Andean snowmelt, creating ideal conditions for grape cultivation and wine making.

Patagonia, in southern Argentina, has a cooler climate and unique environmental conditions suitable for livestock grazing and wool production. Sheep farming is prominent in this region, with ranches and estancias raising Merino and Corriedale sheep for wool and meat.

Coastal regions along the Atlantic Ocean and Rio de la Plata estuary support fisheries and aquaculture activities, contributing to Argentina’s seafood production and marine resources utilization.

Overall, Argentina’s agriculture industry is characterized by regional specialization, with each region contributing unique crops, products, and value chains to the country’s agricultural economy. Government policies and investments aim to promote inclusive and sustainable agricultural development across different regions, leveraging their diverse resources and capabilities.

Market segmentation

By Type:

  • Crop farming
  • Livestock farming
  • Mixed farming (combination of crop and livestock)
  • Aquaculture (farming of fish and other aquatic organisms)
  • Horticulture (cultivation of fruits, vegetables, and ornamental plants)
  • Forestry (management and cultivation of forests)

By End User:

  • Commercial farmers
  • Small-scale farmers
  • Agribusinesses and cooperatives
  • Government and research organizations
  • Retailers and distributors of agricultural products

By Sub-Sector:

  • Arable farming (crops like wheat, corn, rice, etc.)
  • Dairy farming (production of milk and dairy products)
  • Poultry farming (raising chickens, ducks, and other birds)
  • Viticulture (cultivation of grapes for wine production)
  • Floriculture (cultivation of flowers)
  • Specialty crops (such as herbs, spices, and niche products)

Our Methodology

We have offered a well-founded review of Argentina’s agriculture market along with ongoing trends and upcoming projections to highlight proximate investment opportunities in this report. Moreover, an extensive analysis of any prospects, challenges, competitors, or navigating aspects is also provided. A methodical detailed regional examination is presented.

Primary Research  

Our multi-pronged research approach includes interviews with industry leaders and a global survey of advanced manufacturing professionals to gain qualitative insights. We utilize our proprietary databases encompassing key performance indicators worldwide in order to collate relevant data points. A multivariate forecasting framework considering historical performance, current dynamics and qualitative factors are utilized to develop market sizing and growth projections through 2029.

We supplement our primary research with a careful examination of secondary materials such as– case studies, news stories and references from other sources. Organizations can benefit from the strategic advice and conclusions offered because they will be better equipped to respond to the dynamic nature of this industry and seize emerging possibilities.

We employ a comprehensive and iterative research methodology focused on minimizing deviation to provide the most accurate market estimates. Our research utilizes a combination of bottom-up and top-down approaches across segments and utilizes databases, primary research insights and industry experts for analysis.

Raw data is obtained from multiple sources and thoroughly filtered to ensure only authenticated and validated sources are considered. We collect data from raw material suppliers, industry associations, technology providers, and buyers to gain a holistic perspective.

Quantitative Analysis

Our market estimates are derived through statistical models, beginning with collection of historical data and analysis of macro- and micro-economic factors influencing the market. Gathered information on market dynamics, technology and pricing trends are utilised to build the models.

Econometric and technological models are applied to project short- and long-term market potential respectively. A bottom-up approach is preferred to minimize errors. Key parameters considered include market drivers and restraints, material pricing trends, regulatory scenarios, and capacity additions.

Weights are assigned to these parameters based on impact analysis and market forecasting is performed via statistical tools and techniques. We believe this methodology results in an accurate and realistic market picture.

We value your investment and offer free customization with every report to fulfil your research needs.

Frequently Asked Questions

The Argentina National value of the Agriculture Industry is USD 4064 Billion in 2023 and is expected to grow to USD 5508 Billion by 2029

The CAGR of the Agriculture Industry Market in Argentina is 5.2%

Pampas accounts for 32.4% of the total market share of the Agriculture Industry Market in Argentina

The key players in Argentina in Agriculture Industry Market are AGCO Corporation, John Deere, Apache, Metalfor and Pauny. These industry leaders collectively contribute to shaping the landscape of this market and driving growth within the industry.

The factors driving the Agriculture Industry Market in Argentina are Geographic Diversity, Government Policies, Currency Exchange Rates, Land Use Policies and Domestic Consumption Patterns. These factors contribute to the overall growth of this industry, establishing it as a key player in the interconnected global economy.

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Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.