NEW YORK, Jan. 13, 2023 /PRNewswire/ — The agriculture market in Bahrain is forecasted to grow by USD 13.98 million from 2022 to 2027. Moreover, the growth momentum will accelerate at a CAGR of 1.39% during the forecast period, according to Technavio. AgroBH, BASF SE, Bayer AG, CNH Industrial NV, Deere and Co., Nutrien Ltd., and Syngenta Crop Protection AG are some of the major market participants.
Bahrain Agriculture Market 2023-2027: Segmentation highlights
- The Bahrain Agriculture Market share growth by the animal produce segment will be significant. Products derived from animals, such as chicken and dairy products, are known as animal produce. At the expense of domestic production, Bahrain is significantly dependent on imports to meet its needs for livestock and animal products, such as milk. In a free-market economy, import rivalry for local animal products, particularly dairy and eggs, is fierce. If the nation is to revive its livestock industry, the cost structure of locally produced animals and animal products must be changed.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others,