The agricultural industry is arguably the oldest in the world. From time past, food has been one of man’s basic needs, along with clothing and shelter. Among the most lucrative ventures in the agricultural industry is the sale of agricultural products.
Agricultural products like maize, cassava, cocoa, rice, honey, and palm oil are in high demand. Apart from being used as food, they have many uses in many industries and for healthy daily living. Selling them can fetch you a lot of money.
If you’re interested in venturing into the agricultural sector as well as selling agricultural products, here are twelve of the bestselling agricultural products you can invest in and begin trading to make a fortune.
12 Best Agricultural Products To Sell
1. Honey
Honey is one of the best agricultural products you can sell because it is a healthy alternative to granulated sugar and an essential addition to a wide range of food items, such as tea, chicken dishes, fruit shakes, cakes, etc.
Honey is rich in essential nutrients, and since many people consider it healthier than table sugar, it would appeal to people with sugar-related ailments like diabetes.
According to statistics, the global honey market was worth about 8 billion dollars as of 2021. It’s no surprise—the versatility of this agricultural product is responsible for its high demand, added to the fact that honey has a long shelf life. It can last decades when properly stored.
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2. Cassava
Cassava is the most popular agricultural product in West Africa. The typical food, garri, is made from cassava. Cassava is also helpful in many industries, as it is a valuable source of biofuel, starches, animal feed, and biodegradable plastics.
Due to its high-calorie content, cassava is the primary energy source for many African homes. It also contains substantial amounts of fibre and mineral elements.
Data from Tridge shows that as of 2021, global cassava production had reached 360 million metric tonnes. Africa alone contributed more than 44% of this total volume. This trend shows the cassava trade is an extensive business choice for African agroentrepreneurs.
3. Maize
Maize has been recognized as one of Africa’s most used agricultural products and is a favourite in many homes. But it’s not only valid for food; it’s also an important component of animal feed, syrup, and even alcoholic beverages.
Maize is a good source of carbs, minerals, and vitamins. So, large-scale production helps meet global nutritional needs.
Maize production is a huge business. In fact, by 2021, maize production across the globe had exceeded a whopping 1 billion metric tonnes! And since demand is already high, this will only keep expanding, so the maize business will always be relevant.
4. Palm Oil
Palm oil is in high demand. It’s the most sought-after among vegetable oils. The food, cosmetic, and biofuel industries are big markets for palm oil.
Palm oil is rich in saturated and unsaturated fats. It’s also loaded with vitamins like A, E, and K, which offer many health benefits for the immune system, eyes, and heart.
The palm oil trade is a lucrative business. Last year, a massive 73 million metric tonnes of palm oil were produced across the globe, 85% of which came from Indonesia and Malaysia alone.
5. Mushroom
Mushroom cultivation is increasing worldwide; it’s no surprise, though. Mushrooms are not only a food plant but also have uses in medicine and aesthetics.
Mushrooms don’t have enough calories, so they won’t give you energy. Yet, they’re full of vitamins, minerals, and antioxidants, providing many health advantages.
Mushrooms are getting attention and becoming famous all over the world. Here’s a good reason to invest in the mushroom business: global mushrooms stood at 55.18 billion dollars in 2022, projected to more than double this amount by 2030.
6. Cocoa
Cocoa is an indispensable ingredient in the candy and beverage industries. It has a wide range of uses, from chocolate manufacturing to drinks.
Cocoa is rich in antioxidants and has several supposed curative effects. Its flavour and fragrant properties contribute to its widespread acceptance and popularity.
The major cocoa-producing countries are the Ivory Coast, Ghana and Indonesia. With global cocoa production expected to exceed 5 million metric tonnes in 2023, it is clear that it holds tremendous economic potential and remains a highly valued product worldwide.
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7. Coffee
There is no doubt that coffee is the most widely consumed beverage in the world. Aside from being a popular beverage, it also has diverse uses, including producing various coffee products.
Coffee is high in caffeine, which has a stimulating effect. It is also rich in antioxidants, which have many health benefits when consumed moderately.
Brazil, Vietnam, and Colombia are the world’s biggest coffee producers. In 2021, the total production of coffee across the globe amounted to more than 169 million bags.
This fact shows that coffee is in high demand and has economic importance as an agricultural product that you should consider selling.
8. Herbs and Spices
Herbs and spices, from simple garlic and thyme to more exotic turmeric and ginger, are not just food additives but botanical gems with fascinating histories.
Their unique flavours turn ordinary meals into culinary masterpieces. Herbs and spices also have therapeutic values in holistic health practices, constituting important ingredients in traditional medicine.
The demand for herbs and spices continues to rise, especially in the international market, where increasingly sophisticated palates want varied and flavourful foods. Selling these agricultural products generates considerable income for many agro-business owners.
9. Flower
Surprisingly, flowers have been recognized as one of the best agricultural products for agroentrepreneurs to invest in. They are most appreciated for their aesthetic appeal.
Flowers add so much beauty and scent to our environment and atmosphere, including the interior and exterior of a home. But that’s not only what they were made for; they offer much more. They play a vital role in ecosystems as pollinators that help ensure the reproduction of many plant species.
Flowers also help support biodiversity ecologically by providing habitats and food sources for insects and birds.
The horticulture business is a multi-billion dollar business. In 2021, the global horticulture market was valued at $20.4 billion—a considerable figure.
The demand for flowers won’t slow down, as the horticulture business is projected to surpass $56.5 billion by 2030. There is no better time to begin this thriving business than now.
10. Rice
We could all agree that rice is the most popular agricultural product in the world. It’s an essential part of the celebratory menu in many cultures, especially in Africa and Asia.
Rice is rich in carbohydrates and serves as a high-energy source; the list could go on. Its flexibility makes it compatible with various proteins, vegetables, and sauces, accommodating different culinary choices.
As expected, the global rice market is currently valued at 400 billion dollars, which signifies its widespread consumption. Rice has a long shelf life if stored properly, so when you begin the business, you don’t have to worry about losing money because of deterioration or spoilage.
11. Wheat
Wheat is a popular grain in agriculture and is usually the main ingredient in many flour products such as bread, pasta, baked goods, etc.
Wheat is high in fibre, boasting significant amounts of protein and vitamins. Due to its adaptability, it is used widely across many cultures globally in various culinary applications.
The demand for wheat is super high. As of 2021, global consumption of wheat exceeded 782 million metric tonnes. The fact that wheat, like rice, has a long shelf life makes it a sought-after product you can begin selling because households surely need a constant supply.
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12. Millet
Millet is less popular than rice and wheat and has been overlooked in the past. However, it is vital to keep in mind that it is a nutrient-rich grain that’s becoming recognized for its health benefits and culinary versatility.
Millet is rich in fibre, vitamins, and minerals. So, it supports digestive health and supplies the body with the necessary nutrients. Millet is a versatile agricultural product used in many dishes—porridge, side dishes, and even gluten-free baked food.
Millet is in high demand. Already, more than 30 million metric tonnes of millet have been produced as of last year’s reports. The coming years will certainly spring up; there’s no better time to dive into the sale of millets than now.
Conclusion
Looking to sell agricultural products in 2024? What could be better than products with global acceptance, assured high demand, and preservable and long-lasting?
This article discusses 12 of the best agricultural products you can invest in and earn significantly from. Even better, you can choose to focus on only one product and become a master seller for it, or combine two or more. Either way, they are all still good shots at making high profits. It is now up to you to make your choice and begin selling.
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