Global Cereal Production Industry
The global cereal crops market exceeded $417 billion in 2010, having recorded yearly growth of close to 8% for the four-year period ending 2010. Market growth is expected to decelerate to less than 5% yearly between 2010 and 2015 to exceed $530 billion, according to MarketLine.
In terms of production volume, the industry witnessed 3.5% yearly growth between 2006 and 2010, at which point it reached over 1,870 million tons.
The cereal crop industry encompasses three categories, namely: rice, wheat and coarse grains. Coarse grains include sorghum, oats, barley and other grains.