In this article, we will take a look at the 5 most profitable agricultural business ideas for young entrepreneurs. If you want to read our detailed analysis, you can go directly to 30 Most Profitable Agricultural Business Ideas for Young Entrepreneurs.
5. Vegetable Exporting Business
Market Size (2021): $632.64 Billion
Forecasted Market Size (2028): $769.9 Billion
Number of Mentions: 5
Exporting is one of the simplest ways to earn money. Setting up a vegetable exporting business is one of the most profitable agricultural business ideas for young entrepreneurs. According to a report by Grandview Research, the global fresh vegetables market was valued at $632.64 in 2021. The global fresh vegetables market is expected to grow to $769.9 billion by 2028 at a compound annual growth rate (CAGR) of 2.8%
4. Beekeeping Business
Market Size (2022): $9.48 Billion
Forecasted Market Size (2029): $11.66 Billion
Number of Mentions: 6
According to our methodology, setting up a beekeeping business is one of the most profitable agricultural business ideas for young entrepreneurs. Budding entrepreneurs can decide whether they keep bees for pollination or to extract honey. Apiculture is the technical name for beekeeping. According to a report by Maximize Market Research, the global apiculture market was valued at $9.48 billion in 2022. The global apiculture market is expected to grow to $11.66 billion by 2029 at a compound annual growth rate of 3%.
3. Pesticide Production and Distribution
Market Size (2021): $78.16 Billion
Forecasted Market Size (2026): $105.39 Billion
Number of Mentions: 6
Farmers require efficient pest control solutions. Therefore, setting up a pesticide production and distribution business is ranked as one of the most profitable agricultural business ideas for young entrepreneurs. According to a report by The Business Research Company, the global pesticides market was valued at $78.16 billion in 2021. The global pesticides market is expected to grow to $105.39 billion by 2026 at a compound annual growth rate (CAGR) of 5.5%.
2. Fertilizer Distributor
Market Size (2022): $170.4 Billion
Forecasted Market Size (2028): $210 Billion
Number of Mentions: 6
Fertilizers are an important component of the agriculture industry. According to our methodology, starting a fertilizer distribution business is ranked among the most profitable agricultural business ideas for young entrepreneurs. According to a report by IMARC, the global fertilizer market was valued at $170.4 billion in 2022. The global fertilizer market is expected to grow to $210 billion by 2028 at a compound annual growth rate of 3.7%.
1. Livestock Feed Production
Market Size (2022): $570.72 Billion
Forecasted Market Size (2030): $816.78 Billion
Number of Mentions: 6
Livestock feed production is a viable agricultural business idea. The business involves the production of animal feed using raw agricultural products. According to a report by Grandview Research, the global animal feed market was valued at $570.72 billion in 2022. The global animal feed market is expected to grow to $816.78 billion by 2030 at a compound annual growth rate (CAGR) of 4.6%.
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