RESOURCES · SECTOR PROFILE · 05 OF 13

Agriculture and Food

Crop and livestock production, agricultural inputs such as seed and fertiliser, grain trading and storage, food processing and the supply chains that connect farms to consumers.

Agriculture value added, world
+4.1% a year, 2015 to 2025
Countries scored
187
of 207 markets

Most exposed markets

  1. Syria91
  2. Guinea-Bissau90
  3. Gambia87
  4. Malawi87
  5. Afghanistan86
High 63Moderate 57Low 67
Agriculture and food
187 scored

Drivers and sensitivities

01 / DRIVERS
Structural drivers
  • Population growth and dietary change in emerging markets
  • Yield gaps that technology and inputs can narrow
  • Food security policy and import substitution
  • Cold chain and post-harvest loss reduction
Macro sensitivities
  • Weather and climate variability
  • Grain, oilseed and fertiliser prices
  • Currency, since many crops are priced in US dollars
  • Energy and freight costs

Editorial summary. Qualitative drivers are general industry context written by Invest Global, last reviewed 2026-10-08. They are not forecasts. Figures elsewhere on this page are sourced and dated.

Key risks

02 / RISKS

Investing in frontier and emerging markets carries significant risk, including total loss. This list is illustrative and not exhaustive.

Value chain

03 / STAGES
  1. Inputs: seed, fertiliser, crop protection
  2. Primary production
  3. Storage, trading and logistics
  4. Processing and packaging
  5. Distribution and retail

Top exposed countries

04 / 187 SCORED

Ranked by exposure score, a weighted percentile of sourced indicators. Select Sources on any row to see each input, its period, source and as-of date.

Top countries by Agriculture and Food exposure score
#CountryScoreBandWhy
01Syria91HighAgriculture is 42.9% of GDP; 24.0% of land is arable (2022, 2024).
02Guinea-Bissau90HighAgriculture is 40.6% of GDP; food is 68.5% of merchandise exports (2018, 2025).
03Gambia87HighAgriculture is 23.8% of GDP; food is 90.7% of merchandise exports (2024, 2025).
04Malawi87HighAgriculture is 30.0% of GDP; food is 93.3% of merchandise exports (2025).
Economy-wide FDI restrictiveness (OECD, 0 open to 1 closed):
05Afghanistan86HighAgriculture is 34.3% of GDP; food is 63.9% of merchandise exports (2019, 2024).
06Ethiopia86HighAgriculture is 32.8% of GDP; food is 80.4% of merchandise exports (2023, 2025).
07Sierra Leone86HighAgriculture is 29.5% of GDP; food is 45.6% of merchandise exports (2018, 2025).
08Benin85HighAgriculture is 22.9% of GDP; food is 39.7% of merchandise exports (2024, 2025).
09Sudan85HighAgriculture is 29.4% of GDP; food is 50.6% of merchandise exports (2018, 2025).
10Burundi83HighAgriculture is 34.3% of GDP; food is 46.0% of merchandise exports (2023, 2025).
Economy-wide FDI restrictiveness (OECD, 0 open to 1 closed):
11Togo82HighAgriculture is 20.3% of GDP; food is 34.4% of merchandise exports (2025).
12Chad81HighAgriculture is 36.3% of GDP; cereal yield is 827 kg per hectare (2024, 2025).
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Exposure scores describe how large and relevant a sector is in a country's economy and opportunity set relative to other countries. They are not a measure of attractiveness, expected return or risk. Educational content only, not investment advice.

Largest markets by scale

05 / 190 RANKED

Exposure scores show relative weight. This ranking shows absolute size on one sourced measure: agriculture value added. World Bank agriculture, forestry and fishing share of GDP times GDP of the same year.

Largest countries by Agriculture value added
#CountryAgriculture value addedPeriod
01China2025
02India2025
03United States of America2021
04Indonesia2025
05Brazil2025
06Pakistan2025
07Turkey2025
08Russia2025
09Mexico2025
10Nigeria2025
11Egypt2025
12Vietnam2025

Derived from the cited sources as described above. A larger economy ranks higher on absolute measures even when the sector is a smaller share of its output.

Top listed companies

06 / PLAYERS

Largest listed companies tagged to this sector in the Invest Global capital markets dataset, ranked by market capitalisation in US dollars. Coverage is the markets in that dataset, so it is not a global census.

Largest listed companies in Agriculture and Food
#CompanyCountryMarket capBasis
01Nestlé NESNSwitzerlandInvest Global sector tag
02Jerónimo Martins JMTPortugalInvest Global sector tag
03Lotus Bakeries LOTBBelgiumInvest Global sector tag
04BUA Foods PLC BUAFOODSNigeriaIndustry: Sugar And Confectionery Products
05Fonterra FCGNew ZealandInvest Global sector tag
06Oman India Fertiliser Company SAOG OMIFOmanInvest Global sector tag
07Fauji Fertilizer Company FFCPakistanInvest Global sector tag
08Misr Fertilizer Production Company MFPCEgyptIndustry: Agricultural Chemicals
09Poulina Group Holding S.A. PGHTunisiaIndustry: Poultry Slaughtering and Processing
10Illovo Sugar (Malawi) plc ILLOVOMalawiIndustry: Sugar And Confectionery Products
11Brim hf. BRIMIcelandInvest Global sector tag
12Zambia Sugar Plc ZSUGZambiaIndustry: Sugar And Confectionery Products
13Délice Holding SA DHTunisiaIndustry: Dairy Products
14AB Akola Group AKO1LLithuaniaIndustry: Agricultural Production Crops
15Zambia Forestry and Forest Industries Corporation Plc ZFCOZambiaIndustry: Forestry

Not recommendations. A list of the largest companies is not a list of suggested investments. Sector tags marked Invest Global are an editorial classification of each company's main business. Market capitalisation is a snapshot, not a live quote.

Regulatory considerations

07 / REGULATION
Typical considerations
  • Foreign land ownership limits are common
  • Export licensing and price intervention
  • Food safety and phytosanitary standards for exporters
  • Input subsidy regimes
Foreign investment openness, economy-wide

The OECD FDI Regulatory Restrictiveness Index scores 105 economies from 0 (open) to 1 (closed). The median is , with a range of 0.00 to 0.74. The table above notes the score under each top market where it is covered. Sector-specific restrictions vary and are set out in the OECD regulatory database.

Regulatory summaries are general and change often. Confirm current rules with local counsel. Not legal advice.

Typical entry routes

08 / ACCESS
Representative listed funds, verified to exist

Examples, not recommendations. Each fund is confirmed in the SEC series and class file. These are US-listed funds whose holdings are mostly developed-market issuers; check each prospectus for current holdings, fees and domicile. No prices, yields or fees are shown because none are verified here.

Sourced charts

09 / DATA
Latest benchmark prices
BenchmarkLatest priceMonth
Wheat, US HRW2026-09
Maize2026-09
Rice, Thai 5%2026-09
Soybeans2026-09
Palm oil2026-09
Sugar, world2026-09
Coffee, Arabica2026-09
Cocoa2026-09
Cotton, A Index2026-09
Urea2026-09
DAP2026-09
Potassium chloride2026-09

Charts show historical data from the cited sources. Past levels do not indicate future results. Commodity series are World Bank nominal US dollar monthly benchmarks.

Method and sources

10 / FORMULA

Each score is a weighted average of percentile ranks. For every indicator, a country's latest observation (not older than 2014) is ranked against all other countries with data (mid-rank percentile, 0 to 1). Where a lower raw value signals more headroom (for example electricity access), the rank is inverted. The weighted average of the available percentiles is scaled to 0 to 100. A cell is published only if indicators holding at least 60 percent of the weight are available; otherwise the country is omitted for that sector.

IndicatorWeightDirectionSource
Agriculture value added40%Scale (higher raw value scores higher)World Bank, World Development Indicators
Food exports20%Scale (higher raw value scores higher)World Bank, World Development Indicators
Agricultural raw materials exports15%Scale (higher raw value scores higher)World Bank, World Development Indicators
Arable land15%Scale (higher raw value scores higher)World Bank, World Development Indicators
Cereal yield10%Headroom (lower raw value scores higher)World Bank, World Development Indicators

The score describes how large and relevant a sector is in a country's economy and opportunity set, relative to other countries. It is not a measure of attractiveness, return or risk, and it is not investment advice.

Sources used on this page

Data version 2026-10-09. Every datapoint carries its source and as-of date; hover or tap a dotted value to see them.

13 sectors. 207 markets.

Every figure carries its source and date. Compare sectors side by side in the Terminal or return to the full index.

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