Markets

Insider Trading

Hedge Funds

Retirement

Opinion

15 Most Consumed Crops in the World

In this extensive article, we will shed light on the most consumed crops in the world and the percentage they have in the global food supply chain. To understand their primary diets, we will also discuss crop consumption trends in Asia, the Americas, and Africa. If you want to skip the details, read 5 Most Consumed Crops in the World

According to the United Nations Food and Agriculture Organization (FAO), sugarcane, maize, rice, and wheat are the most consumed crops in the world. As of the 2021/2022 crop year, maize was the highest-yielding staple crop, with over 1.4 billion metric tons of production worldwide. Corn is largely consumed in regions with high livestock production due to its extensive use in animal feed. 

Likewise, rice and wheat are primary grains in human diet, especially in Asia and North Africa, respectively. In the previous crop year, rice production reached 1 billion metric tons collectively produced in 145 countries, with China and India collectively accounting for more than half of the global rice output. 

Wheat accounted for 907 million metric tons, with the European Union, China, and India being the top producers. These staple crops contribute significantly to nutritional needs and have extensive economic implications. For instance, the major cash crops, i.e., wheat, rice, and maize, are the pillars of global food security as they make up staple food for over 5 billion people. The dominance of these three crops also hints at their role in global food systems as the necessity for sustainable practices to feed growing populations rises. 

Cooking bananas (also called plantains) and ripe bananas both are widely consumed across the world. If you want to know the key players in the market, read 15 Biggest Banana Producers in the World. Go bananas!

Impact of Crops on Food Security 

According to the Agricultural Production Statistics Report of UN FAO, primary crops saw a production surge of 52 percent between 2000 and 2020 worldwide and reached a collective yield of 9.3 billion tonnes in 2020. If we break this yield increase into groups, cereals amounted to 32% of the total crop yield in 2022, closely followed by sugar crops (23%) and vegetable and oil crops (12%). 

World Food Agriculture Statistical Yearbook 2022 says that almost 10 percent of the population suffered from hunger in 2021. This percentage was 9.3 percent in 2020 and 8 percent in 2019, a change attributable to population growth and rising inflation. The food insecurity situation is the worst in Africa as the continent’s PoU (prevalence of undernourishment) rose from 19.4% in 2021 to 19.7% in 2022. 

The World’s Food Consumption Trends 

The world’s average dietary energy supply (calories a person consumes every day) trends present an intriguing picture where we can make sense of why certain parts of the world are struggling with increasing obesity. According to the FAO Statistical Yearbook 2022, the world’s average DES (dietary energy supply) is 2,960 kcal per person. This consumption is projected to reach 3,139 kcal by 2050, up from an average of 2,789 in 2000. 

The DES is currently the highest in North America and Europe, where an average person consumes 3,540 kcal per day, most of which comes from carbs. Moreover, Asia has seen the highest increase in dietary energy supply, which has gone up 14% in the last two decades in the region. 

Companies Making it Big in the Crop Sector

Archer-Daniels-Midland (NYSE:ADM), headquartered in Chicago, is one of the largest milling companies in the US that has 22 mills across the country. Archer-Daniels-Midland (NYSE:ADM) processes corn, wheat, sorghum, and linseed, among other major crops. Besides staple crops, Archer-Daniels-Midland (NYSE:ADM) produces cocoa and corn-based products to feed animals. Interestingly, the company also holds the record of producing bread loaves from freshly harvested wheat in under 13 minutes.

Here’s what ADM’s management said during the latest earnings call conference:

“We are confident that ADM will be able to deliver on our plans for 2023 despite some pockets of soft demand. Supply and demand shifts are allowing ADM to flex our integrated value chain in support of another strong year of results. We continue to advance partnership agreements with major players across multiple industries, from regenerative agriculture to alternative proteins, to sustainable fuels, to plant-based industrial and personal care products. All of these partnerships are supporting ADM as we evolve at pace with the external environment to capture new growth opportunities.”

Plus, Bunge Limited (NYSE:BG) is a substantial international soybean exporter that also works in grain trading, food processing, and fertilizer manufacturing. Bunge Limited (NYSE:BG) supplies quality ingredients like milled products, lecithins, fats, and oils to food manufacturers across 40 countries. Bunge Limited (NYSE:BG) also has a ‘sustainable sourcing’ agenda which involves closely working with NGOs, farmers, and other crop market stakeholders to make farming sustainable. The company’s business objectives, like supporting humanitarian causes, align well with United Nations’ Sustainable Development Goals (SDGs).

Likewise, The Andersons Inc. (NASDAQ:ANDE) is a major company doing business in commodity merchandising, plant nutrients, and renewable resources. The Andersons Inc. (NASDAQ:ANDE) has terminals across North America that buy and sell corn, soybean, and wheat, among other commodities. The Andersons Inc. (NASDAQ:ANDE) currently has 72 facilities in the US, UK, Switzerland, and Canada, owing to its 180 million bushel grain storage capacity. 

15 Most Consumed Crops In The World

Our Methodology 

We ranked the most widely consumed grains in the world based on the United Nations Food and Agriculture Organization (UN FAO). However, owing to the lack of credible data on the world’s crop consumption trends, we used top crops’ production data as a proxy for their consumption based on the assumption of supply and demand. After shortlisting the 15 most consumed crops in the world, we did individual searches in the UN FAO database to find the said crop’s production quantity for all countries collectively. Based on the sum of a crop’s production, we slightly rounded the figures to present their consumption in million tons. 

Based on our research, here are the 15 most consumed crops in the world: 

15. Pearl Millet

Global Consumption in 2021/2022 Crop Year: 32.7 million tons 

Millet is a nutrient-rich grain and is a staple food source, mainly in Africa and Asia. The crop is highly consumed in India, Nigeria, and Niger, where its drought-resistant properties make it an ideal crop. Western markets have also begun embracing millet due to its gluten-free nature and high nutritional profile. As global attention towards healthier and sustainable food choices increases, millet consumption is expected to rise, and the crop’s global market is projected to reach $18.3 billion by 2030 (up from $10.1 billion in 2020).

14. Plantains 

Global Consumption in 2021/2022 Crop Year: 45.3 million tons 

Plantains, a type of banana with a different taste, are prevalent in Latin American, Caribbean, and West African diets. These starchy fruits are usually consumed cooked and are lauded for their nutritional value. The crop provides sustenance as it can be used in fried or baked snacks like tostones and staple dishes such as mofongo or fufu, among others. Plantains’ popularity has surged in North America and Europe, sparking a rising trend in the crop’s worldwide consumption.

13. Sorghum 

Global Consumption in 2021/2022 Crop Year: 64.36 million tons 

Sorghum is loved in Africa, Asia, and Central America, with Africa alone accounting for around 60% of its global consumption. As a grain, the crop’s grains are ground into flour and used in dishes like porridge, flatbreads, and beverages. Sorghum flour has found a significant role in the global gluten-free market, appealing to those with dietary restrictions. Interestingly, the crop’s usage extends beyond food, as it also contributes to biofuel production because its sugar content can be fermented to make ethanol, and the stalk and seeds are directly used for biomass energy production.  

12. Yams 

Global Consumption in 2021/2022 Crop Year: 75.1 million tons 

Yams are staple root vegetables in many global cuisines in Africa. The crop’s primary consumer is Nigeria, which accounts for over 60% of the world’s yam production and consumes most of it. Most frequently, yams are boiled, roasted, or fried and served alongside meat or fish dishes. Yams are also processed into dried flour in some regions, which furthers their culinary versatility. 

11. Onions 

Global Consumption in 2021/2022 Crop Year: 130 million tons 

Onions enhance dishes with their distinctive flavor and provide substantial health benefits like maintaining blood sugar levels. They are primarily consumed in Asia, especially in India, which consumes over 15 million tons annually. According to the National Onion Association, the average annual onion consumption is 13.67 pounds per person worldwide. In terms of per capita onion consumption, Libya tops the list with 66.8 pounds per head usage. Moreover, China, Pakistan, and the US also demonstrate high levels of onion consumption. In terms of preparation, onions are typically used as base ingredients, cooked in various dishes, including stews, stir-fries, and soups.

10. Sweet Potatoes 

Global Consumption in 2021/2022 Crop Year: 136 million tons 

China leads in sweet potato consumption, consuming over 80% of the worldwide yield. Africa, too, embraces sweet potatoes, particularly in Uganda and Nigeria. The crop’s high consumption relates to its adaptive nature and nutritional benefits, offering abundant vitamins A and C, fiber, and potassium. In Asia, sweet potatoes are often steamed or stir-fried, while African cuisines commonly boil them. Meanwhile, in North America and Europe, they’re baked, roasted, or pureed into soups, emphasizing their natural sweetness. 

9. Bananas 

Global Consumption in 2021/2022 Crop Year: 137 million tons 

Bananas hold a vital role in East African and South Asian diets, where consumption per capita is the highest. In Uganda, for instance, it’s estimated that the average person consumes over 200 kgs of bananas per year. While mostly consumed as a fruit, bananas are also used as a staple food in Uganda and the Philippines, where they are consumed in forms like matoke and banana cue, respectively. 

8. Barley 

Global Consumption in 2021/2022 Crop Year: 147 million tons 

Barley is one of the most consumed crops in the world. Around 147 million tons of barley were consumed worldwide in the crop year 2021/2022. The crop finds particular prevalence in Europe, North America, and parts of Asia. Barley is used in the production of bread, animal feed, and alcoholic beverages, such as beer and whisky. Barley’s consumption pattern reflects cultural norms and culinary traditions. Europe, especially Germany, and Belgium, leads in barley use as they are among the Top 15 Beer Drinking Countries In The World. In Asia, particularly Tibet, barley is a dietary staple where it is transformed into tsampa, a traditional roasted barley flour dish. 

7. Tomatoes 

Global Consumption in 2021/2022 Crop Year: 256 million tons 

Tomatoes are rich in vitamin C and lycopene, and China, India, and the United States top the list of its largest consumers. The culinary versatility of tomatoes allows them to be a staple in various diets, be it raw in salads, cooked in curries or stews, or processed into products like ketchup, tomato sauce, or juice. Mediterranean countries, in particular, have a high consumption rate due to the prominent role tomatoes play in their traditional dishes like pasta and pizza.

6. Cassava 

Global Consumption in 2021/2022 Crop Year: 319 million tons 

Cassava is a root crop native to South America and has become a staple food for nearly a billion people, most of whom live in sub-Saharan Africa, Southeast Asia, and Latin America. The crop is consumed in various forms, often depending on local preferences and traditions. In Africa, it’s processed into a granulated product called gari, while in South America, cassava is used for making flatbreads when its root is ground into flour.

Click to continue reading 5 Most Consumed Crops in the World

Suggested Articles:

Disclosure: None. 15 Most Consumed Crops In The World is originally published at Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…