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Agricultural Product Wholesaling in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 462 March 2024 Spotlight Report

Revenue

€489.0bn

2019-2024 2.9 %
2024-2029 X.X %

Employees

440k

2019-2024 3.3 %
2024-2029 X.X %

Businesses

134k

2019-2024 7.6 %
2024-2029 X.X %

Profit

€XX.Xbn

2019-2024 X.X %

Profit Margin

X.X%

2019-2024 X.X pp

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Agricultural Product Wholesaling in Europe industry analysis

Agricultural product wholesalers contend with volatile crop yields and global commodity prices, changing government agricultural policies and changing customer demands. Over the five years through 2024, wholesalers’ revenue is forecast to grow at a compound annual rate of 2.9% to reach €489 billion. The Russia-Ukraine conflict has introduced severe disruption to global commodity supply chains, driving huge price rises for wheat, other grains and fertilisers. In the EU, the average price of agricultural products soared by 24% between 2021 and 2022, according to Eurostat - cereal price inflation of over 40% was a key driver of this. Put off by sky-high prices, major buyers of cereal-based feedstuffs have sought out alternatives, contributing to a drop in demand and driving a sharp drop in prices (-18.4%) in the UK over the year through September 2023, as shown by data from the Office for National Statistics. In 2024, wholesalers’ sales will be dampened by low business sentiment, but high prices will keep revenue growing – it’s expected to climb by 0.8%.

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Industry Statistics and Trends

Agricultural Product Wholesaling in Europe key trends

Wholesalers focus their efforts on meeting sustainability demands.

 

Wholesalers are investing in traceability systems to align with clients’ demands for a transparent supply chain.

Providing sustainable packaging proves crucial.

 

Wholesalers are expanding the range of value-added services they offer to boost their returns, like ensuring their packaging is recyclable or biodegradable.

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Agricultural Product Wholesaling in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Agricultural Product Wholesaling in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated €489.0bn in 2024.

Trends and Insights

Agricultural product prices surge in 2022 and remain sky-high in 2023

  • Russia’s invasion of Ukraine in February 2022 destabilised agricultural markets, as both countries are key exporters of grains, wheat, oilseeds and fertilisers. At the same time, the decision of many European governments, including the EU, to phase out dependency on Russian fossil fuels hiked up energy prices.

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Agricultural Product Wholesaling in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

A shift in the focus of agricultural initiatives drives diversification

  • Many agricultural governing bodies are reducing output incentives for farmers and instead offering payments related to the rewilding of farmland.

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Revenue

€489.0bn

2019-2024 2.9 %
2024-2029 X.X %

Employees

440k

2019-2024 3.3 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 3.3 % *
  • Job Growth

Top 5 Countries

  1. Russia +17.9%
  2. Romania +16.2%
  3. United Kingdom+10.2%
  4. Czechia +6.8%
  5. Slovakia +6.6%

Bottom 5 Countries

  1. Cyprus -6.7%
  2. Slovenia -2.7%
  3. Serbia -1.1%
  4. Switzerland -0.9%
  5. Italy -0.2%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Agricultural Product Wholesaling in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Archer Daniels Midland Co.
90,237.4
5,693.6
6.3
Cargill Inc.
173,538.7
4,666.1
2.7
Bunge Ltd.
64,243.9
2,028.9
3.2

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Agricultural Product Wholesaling in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Agricultural Product Wholesaling industry in Europe in 2024?

The market size of the Agricultural Product Wholesaling industry in Europe is €489.0bn in 2024. 

How many businesses are there in the Agricultural Product Wholesaling in Europe industry in 2024?

There are 134k businesses in the Agricultural Product Wholesaling industry in Europe, which has grown at a CAGR of 7.6 % between 2019 and 2024.

Has the Agricultural Product Wholesaling industry in Europe grown or declined over the past 5 years?

The market size of the Agricultural Product Wholesaling industry in Europe has been declining at a CAGR of 7.6 % between 2019 and 2024. 

What is the forecast growth of the Agricultural Product Wholesaling industry in Europe over the next 5 years?

Over the next five years, the Agricultural Product Wholesaling industry in Europe is expected to decline.

What are the biggest companies in the Agricultural Product Wholesaling market in Europe?

The biggest companies operating in the Agricultural Product Wholesaling market in Europe are Archer Daniels Midland Co., Cargill Inc. and Bunge Ltd.

What does the Agricultural Product Wholesaling in Europe include?

Grain, seeds and tobacco and Animal feeds and raw materials are part of the Agricultural Product Wholesaling industry.

Which companies have the highest market share in the Agricultural Product Wholesaling in Europe?

The company holding the most market share in Europe is Archer Daniels Midland Co..

Which countries have the most businesses in the Agricultural Product Wholesaling industry in Europe?

The European country with the most businesses in the Agricultural Product Wholesaling industry is Russia.

How competitive is the Agricultural Product Wholesaling industry in Europe?

The level of competition is moderate and increasing in the Agricultural Product Wholesaling industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry wholesale a wide variety of raw agricultural materials and live animals. Products include grains and seeds, unmanufactured tobacco, flowers, plants, oleaginous fruits, animal feed, hides, skins, leather and agricultural raw materials, including wool, hemp, cotton and animal hair. Companies primarily sell products to manufacturers and retailers.

Related Terms

OLEAGINOUS FRUITPERISHABLE COOPERATIVE FARMING

What's included in this industry?

Grain, seeds and tobaccoAnimal feeds and raw materialsFlowers and plantsLive animalsHides, skins and leather

Companies

Archer Daniels Midland Co.Cargill Inc.Bunge Ltd.

Industry Code

ISIC 2006

462 - Wholesale of agricultural raw materials and live animals in Europe

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Performance

Key Takeaways

Agricultural product prices surge in 2022 and remain sky-high in 2023

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Agricultural Product Wholesaling in Europe industry (2011 -2029)
  • Employees in the Agricultural Product Wholesaling in Europe industry (2011 -2029)
  • Business in the Agricultural Product Wholesaling in Europe industry (2011 -2029)
  • Profit in the Agricultural Product Wholesaling in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Agricultural Product Wholesaling in Europe industry?


Outlook

Analysis

What's driving the Agricultural Product Wholesaling in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Agricultural Product Wholesaling in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Agricultural Product Wholesaling in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Cereal prices soar following the Russia-Ukraine conflict. Wholesalers contended with sky-high prices of cereals for most of 2022 and 2023, limiting demand from buyers looking to avoid high costs.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Agricultural Product Wholesaling in Europe industry's products and services performing?

Analysis

What are innovations in the Agricultural Product Wholesaling in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Agricultural Product Wholesaling in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

A handful of players dominate some segments of the market. Companies like Cargill, ADM and LDC are well-established with a stronghold on certain products, but other parts of the market are more fragmented.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 9 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Archer Daniels Midland Co.
  • Countries of operation for Cargill Inc.
  • Countries of operation for Bunge Ltd.
  • Countries of operation for Louis Dreyfus Company BV
  • Countries of operation for Olam Group Ltd
  • Countries of operation for Danish Crown AmbA
  • Countries of operation for AGRAVIS Raiffeisen AG
  • Countries of operation for Cefetra Ltd
  • Countries of operation for AB Agri Ltd

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Agricultural policies have a strong hold on the industry. The EU’s Common Agricultural Policy shapes production levels and market dynamics, while environmental standards vary between the EU and non-EU countries.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Agricultural Product Wholesaling in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Value-added services prop up profit. Most agricultural product wholesalers see limited returns because they need to set low prices to keep sales coming in, but offering extra services can generate additional profit.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Agricultural Product Wholesaling in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.