Global Digital Agriculture Platform
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| Data Timeline | Historical Data: 2022-2025 | Base Year: 2025 | Forecast Period: 2026-2034 |
|---|---|
| Type Segment Analysis | |
| Applications Segment Analysis | Crop Scouting, Field Mapping, Weather Tracking, Financial Management, Drone Analytics, Farm Inventory Management, Others |
| Installation Segment Analysis | Cloud-Based, On-Premise |
|---|---|
| Component Segment Analysis | Hardware, Software, Services |
| Regions & Countries Analysis |
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According to Cognitive Market Research, the global Digital Agriculture Platform market size is USD 19514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.
Market Drivers:
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Market Restrains:
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Market Trends:
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| Market Size | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|---|---|---|---|
| Global Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 10.6% |
| North America Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 8.8% |
| United States Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 8.6% |
| Canada Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 9.6% |
| Mexico Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 9.3% |
| Europe Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 9.1% |
| United Kingdom Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 9.9% |
| France Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 8.3% |
| Germany Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 9.3% |
| Italy Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 8.5% |
| Russia Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 8.1% |
| Spain Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 8.2% |
| Rest of Europe Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 7.8% |
| Asia Pacific Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 12.6% |
| China Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 12.1% |
| Japan Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 11.1% |
| India Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 14.4% |
| South Korea Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 11.7% |
| Australia Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 12.3% |
| Rest of APAC Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 12.4% |
| South America Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 10% |
| Brazil Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 10.6% |
| Argentina Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 10.9% |
| Colombia Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 9.8% |
| Peru Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 10.2% |
| Chile Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 10.3% |
| Rest of South America Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 9.1% |
| Middle East Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 10.3% |
| Egypt Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 10.6% |
| Turkey Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 9.8% |
| Rest of Middle East Digital Agriculture Platform Market Sales Revenue | xxxx | xxxx | xxxx | 9.3% |
Digital Agriculture Platform Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The digital agriculture platform market encompasses software programs and hardware solutions designed to enhance farming practices through records-driven insights and automation. These systems combine various technologies, such as IoT sensors, drones, AI algorithms, and cloud computing, to accumulate, analyze, and act upon agricultural statistics. They provide functionalities that include soil monitoring, crop fitness assessment, yield prediction, and farm control gear. Digital agriculture systems permit farmers to optimize resource allocation, enhance crop yields, reduce environmental impact, and increase operational efficiency. Key gamers inside the market encompass era corporations, agricultural equipment manufacturers, and specialized startups. With growing global concerns about food protection, sustainability, and climate exchange, the digital agriculture platform marketplace is poised for a big boom and innovation.
Farmers are increasingly adopting precision agriculture strategies, leveraging records and technology for stronger selection-making. Digital agriculture systems offer equipment and information evaluation, riding efficiency, aid optimization, and advanced crop yields. This shift signifies a transformative trend in farming, in which information-driven insights inform practices, from seed choice to irrigation management. By deploying sensors, drones, and AI algorithms, farmers can display soil situations, crop health, and climate patterns with precision. This enables focused interventions, lowering waste and environmental impact while maximizing productivity. As the agriculture region embraces innovation, the trajectory closer to sustainable and resilient farming practices is bolstered, ensuring meal security in a changing world.
The integration of IoT sensors in agriculture is experiencing rapid growth, supplying real-time information on vital farm parameters consisting of soil moisture, temperature, and pest infestation. This generation enables farmers to make informed choices right away, optimizing aid use and crop health. Digital agriculture structures function as primary hubs, seamlessly integrating with these sensors to facilitate facts analysis and generate actionable insights. By harnessing the electricity of IoT and sensor technology, farmers can enhance their know-how of discipline situations, stumble on potential issues early, and put in force targeted solutions. This fashion in the direction of sensor integration no longer only improves operational efficiency but additionally contributes to sustainable farming practices with the aid of minimizing inputs and maximizing yields.
The adoption of digital agriculture structures poses a tremendous mission for small and medium-sized farms due to the excessive initial funding required. These platforms necessitate expenditures on hardware, software, and education, that may strain the financial sources of smaller operations. Additionally, the complexity of enforcing and integrating that technology might also further growth fees. Consequently, many farmers need help accessing into the virtual agriculture panorama, limiting their ability to leverage records-driven solutions for progressed decision-making and performance. Addressing this problem calls for progressive approaches, which include government subsidies, cooperative shopping models, or scalable solutions tailored to the wishes and constraints of smaller farms. Overcoming the hurdle of high initial investment is critical to making sure great adoption and equitable get entry to to the advantages of digital agriculture.
The increasing need for food production and improved quality of crops is what compels the Market CAGR of digital agriculture. The primary motivating force in the Digital Farming industry is a labor shortage coupled with greater food demand. As the global population increases, so does the requirement for more food, which compels higher output at a low cost in an environment with dwindling resources. In addition, the demand is being driven by an increase in scarcity of farmers as a result of urbanization for a secure source of income. Similarly, as a renewable resource, for instance, water, becomes increasingly scarce and warmer as a result of influences like the carbon footprint, there is an increasing necessity for Digital Farming to optimize resource efficiency and productivity.
On the contrary, people require more technical expertise to continue with market growth. AI and learning algorithms are becoming increasingly ordinary in agricultural products and in-field operations. Cognitive computing has found its way into the industry since it makes people learn, analyze, and accommodate new situations as it enhances efficiency. Chatbots and other conversation systems, for instance, aid farmers in keeping pace with present technology.
Moreover, the rising demand for high productivity and improved crop health, a rising shortage of farm labor, and rising concerns related to food security and nutrition are some of the factors propelling the growth of the digital agricultural business. However, the complex system of connectivity, exorbitant technology prices, and insufficient technical expertise for the efficient use of technology are slowing market growth. Nevertheless, the rising opportunity for advancing various SDGs, the capacity for increasing efficiency and creating new markets, and the rising use of advanced technology within the agricultural industry offer opportunities for growth to market vendors. Growth in the digital age is propelling the world towards different forms of work. Agriculture and agricultural industries enjoy the benefits of technological innovation. The application of cell phones towards digital agriculture has accelerated this revolution. Expanded use of the Internet and digital link can prove helpful in developing nations.
The COVID-19 pandemic has increased and reshaped the digital agriculture platform market. With disruptions to traditional supply chains and hard work availability, farmers increasingly more grew to become to technology to mitigate risks and hold productiveness. This drove a heightened call for for digital agriculture answers, fostering innovation and funding in the sector. However, economic uncertainties led some farmers to defer or reduce investments, impacting market growth. Additionally, logistical demanding situations in deploying and servicing hardware and software solutions arose because of tour regulations and supply chain disruptions. Despite these hurdles, the pandemic underscored the significance of digitalization in agriculture, prompting a shift closer to remote monitoring, automation, and facts-pushed decision-making. This transformative period is, , likely to have long-lasting outcomes on the digital agriculture platform market.
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The competitive landscape of the Digital Agriculture Platform market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Digital Agriculture Platform companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
In September 2022, Syngenta introduced a multilingual ‘crop-wise grower’ app that provides farmers with digital agronomy services, farm loans, product scans, drone services, mandi prices, and weather-based advisory.
In 2021, CSIRO gave digital agricultural services licensing rights to Melbourne technology company over its crop forecasting tool called Graincast. Through these tools, such as Graincast, one can identify droughts, flooding, or fire hazards before they occur and predict productivity with certainty within a certain region.
Top Companies Market Share in Digital Agriculture Platform Industry: (In no particular order of Rank)
| Companies | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| Microsoft | xxxx | xxxx | xxxx | xxxx |
| Monsanto | xxxx | xxxx | xxxx | xxxx |
| IBM | xxxx | xxxx | xxxx | xxxx |
| Climate Corporation | xxxx | xxxx | xxxx | xxxx |
| Digital Agriculture Services Pty Ltd | xxxx | xxxx | xxxx | xxxx |
| SAP | xxxx | xxxx | xxxx | xxxx |
| Eka | xxxx | xxxx | xxxx | xxxx |
| Farmers Edge | xxxx | xxxx | xxxx | xxxx |
| FarmCrowdy | xxxx | xxxx | xxxx | xxxx |
*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive)
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If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024. North America is experiencing a speedy increase in the virtual agriculture platform market. Factors riding this expansion consist of the growing adoption of precision agriculture techniques, advancements in IoT and sensor generation, and the presence of leading generation corporations and agricultural gadget producers. The location's cognizance of efficiency, sustainability, and technological innovation positions it as a key player in the worldwide digital agriculture landscape.
Europe stands out as the fastest-growing region in the Digital Agriculture Platform market due to several compelling reasons. ?Europe is witnessing a substantial boom within the virtual agriculture platform market. The region's adoption is propelled by factors including the Common Agricultural Policy (CAP), which promotes sustainable farming practices, increasing investments in agricultural technology startups, and favorable regulatory frameworks that assist virtual innovation in agriculture. With a strong emphasis on environmental sustainability and food protection, Europe is emerging as a key participant in the international digital agriculture quarter.
The current report Scope analyzes Digital Agriculture Platform Market on 6 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Digital Agriculture Platform market size was estimated at USD 19514.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 7805.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
According to Cognitive Market Research, the global Digital Agriculture Platform market size was estimated at USD 19514.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 5854.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
According to Cognitive Market Research, the global Digital Agriculture Platform market size was estimated at USD 19514.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 4488.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
According to Cognitive Market Research, the global Digital Agriculture Platform market size was estimated at USD 19514.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 975.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
According to Cognitive Market Research, the global Digital Agriculture Platform market size was estimated at USD 19514.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 390.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
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Global Digital Agriculture Platform Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Digital Agriculture Platform Industry growth. Digital Agriculture Platform market has been segmented with the help of its Type, Applications Installation, and others. Digital Agriculture Platform market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Digital Agriculture Platform Market?
According to Cognitive Market Research, Artificial Intelligence stands out as the dominating category. Artificial Intelligence (AI) is a driving force behind the developing virtual agriculture platform market. AI algorithms examine sizeable amounts of agricultural facts accumulated from IoT sensors, drones, and other sources to provide actionable insights for farmers. From predicting crop yields to optimizing irrigation and pest management, AI-powered solutions enhance performance and productivity in farming operations. This contributes to the fast enlargement of the virtual agriculture zone globally.
Precision Farming emerges as the fastest-growing category in the Digital Agriculture Platform market. Precision farming is fueling the boom of the virtual agriculture platform market. By leveraging information and technology, precision farming optimizes aid use, enhances crop control, and increases yields. Digital agriculture platforms combine precision farming techniques with GPS steerage systems, drones, and IoT sensors to provide farmers with actual-time statistics and analytics, empowering them to make informed choices and drive efficiency in their operations.
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According to Cognitive Market Research, the dominating category is Crop Scouting. Crop scouting is a key growth driver inside the virtual agriculture platform marketplace. By utilizing drones, satellite imagery, and IoT sensors, farmers can conduct exact checks of crop health, perceive potential problems like pest infestations or nutrient deficiencies, and make knowledgeable control selections. Digital agriculture structures integrate crop scouting equipment, allowing farmers to reveal fields remotely and optimize crop yields successfully.
The fastest-growing category in the Digital Agriculture Platform market is Field Mapping. Field mapping is a giant contributor to the increase of the virtual agriculture platform marketplace. By using GPS technology and far-flung sensing techniques, farmers can accurately map their fields, delineate limitations, and pick out variability in soil kinds and crop overall performance. Digital agriculture systems integrate discipline mapping gear, allowing farmers to create special maps for precision farming practices, main to improved useful resource allocation and better yields.
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According to Cognitive Market Research, the dominating category is Cloud-Based, The use of Digital Agriculture Platform (ASRS) is increasing as organizations see the fee of optimizing storage lanes. The adoption of cloud-primarily based solutions is using growth within the digital agriculture platform marketplace. Cloud-primarily based platforms provide scalability, flexibility, and accessibility, allowing farmers to shop, manage, and examine massive volumes of agricultural records remotely. By leveraging the cloud era, farmers can get admission to actual-time insights, collaborate with stakeholders, and optimize decision-making approaches. Cloud-based, totally virtual agriculture structures are increasingly turning into imperative gear for modernizing farming operations and riding performance.
The fastest-growing category in the Digital Agriculture Platform market is On-Premise. While cloud-based solutions dominate, on-premise options still play a critical role in the growing digital agriculture platform market. On-premise systems provide data control and privacy, which is important for a few farmers and areas. They offer sturdy solutions for areas with confined net connectivity or regulatory regulations on information storage. As the marketplace expands, on-premise options continue to evolve, catering to unique needs within the agricultural zone.
According to Cognitive Market Research, the dominating category is Hardware. The hardware phase is a substantial motive force for the increase within the digital agriculture platform market. This consists of IoT sensors, drones, GPS receivers, and different gadgets that accumulate data from fields. With the increasing adoption of precision agriculture techniques, demand for these hardware additives is rising. They enable farmers to gather real-time data for informed selection-making and optimize resource use, contributing to improved crop yields and farm performance.
The fastest-growing category in the Digital Agriculture Platform market is Software. Software is a primary catalyst for the growth of the virtual agriculture platform marketplace. These systems provide state-of-the-art records analytics, farm management gear, and selection aid structures tailored to agricultural wishes. As farmers increasingly embrace digitalization for stepped-forward efficiency and productivity, demand for innovative software answers continues to push upward. From crop tracking to stock control, software programs play a pivotal position in modernizing farming practices and driving sustainable agriculture.
Disclaimer:
| Type | |
| Applications | Crop Scouting, Field Mapping, Weather Tracking, Financial Management, Drone Analytics, Farm Inventory Management, Others |
| Installation | Cloud-Based, On-Premise |
| Component | Hardware, Software, Services |
| List of Competitors | Microsoft, Monsanto, IBM, Climate Corporation, Digital Agriculture Services Pty Ltd, SAP, Eka, Farmers Edge, FarmCrowdy |
Chapter 1 2026 Geopolitical Outlook - Digital Agriculture Platform Market Detailed Analysis
This chapter isn't just about technology; it’s about certainty. We show you how AI is being used in leading industries so you can apply those same 'High-Speed' and 'High-Accuracy' principles to your own market strategy
Chapter 2 AI's Impact on Market - Detailed Qualitative Analysis
This chapter will help you gain GLOBAL Market Analysis of Digital Agriculture Platform. Further deep in this chapter, you will be able to review Global Digital Agriculture Platform Market Split by various segments and Geographical Split.
Chapter 3 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Digital Agriculture Platform. Further deep in this chapter, you will be able to review North America Digital Agriculture Platform Market Split by various segments and Country Split.
Chapter 4 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Digital Agriculture Platform. Further deep in this chapter, you will be able to review Europe Digital Agriculture Platform Market Split by various segments and Country Split.
Chapter 5 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Digital Agriculture Platform. Further deep in this chapter, you will be able to review Asia Pacific Digital Agriculture Platform Market Split by various segments and Country Split.
Chapter 6 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Digital Agriculture Platform. Further deep in this chapter, you will be able to review South America Digital Agriculture Platform Market Split by various segments and Country Split.
Chapter 7 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Digital Agriculture Platform. Further deep in this chapter, you will be able to review Middle East Digital Agriculture Platform Market Split by various segments and Country Split.
Chapter 8 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Digital Agriculture Platform. Further deep in this chapter, you will be able to review Middle East Digital Agriculture Platform Market Split by various segments and Country Split.
Chapter 9 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Digital Agriculture Platform. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 10 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 11 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Type Analysis 2022 - 2034
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Chapter 13 Market Split by Applications Analysis 2022 - 2034
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Chapter 14 Market Split by Installation Analysis 2022 - 2034
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Chapter 15 Market Split by Component Analysis 2022 - 2034
Chapter 16 Digital Agriculture Platform Price Trend Analysis
Chapter 17 Digital Agriculture Platform Import/Export Analysis
Chapter 18 Digital Agriculture Platform Production Analysis
Chapter 19 Gap Analysis
Chapter 20 Strategy Analysis
Chapter 21 Profitability and Gross Margin Analysis
Chapter 22 TAM Analysis
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Digital Agriculture Platform market
Chapter 23 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 24 Research Methodology and Sources
1 Data Gathering
2 Data Validation
3 Data Presentation
To maintain the integrity of our proprietary methodology and protect our elite expert network, specific source disclosures are reserved for our full-access partners. Our research framework is anchored by a 70:30 primary-to-secondary ratio, ensuring your strategy is driven by real-time market intelligence rather than recycled, publicly available, or AI-generated data. Every deliverable includes an exhaustive source directory and grants your team direct access to our lead analysts for bespoke strategic consultation.
The EU-Nigeria agriculture Platform was launched by the EU Delegation to Nigeria and ECOWAS to boost private investments in the nation's agriculture industry. In addition to achieving sustainable economic development in Nigeria, the program will help to lessen food insecurity and poverty. By establishing and sustaining a network of active agribusiness members throughout Nigeria and the EU, the EU-Nigeria Agribusiness Platform will help to advance the exploration and exploitation of agricultural prospects between Nigeria and the EU. An example of a digital agricultural platform is an agribusiness platform, which gives Nigerian and European SMEs access to digital marketing, trading, and investment space for commercial and/or transactional activities, interactions, communications, integrations, and cooperation in the agro-food system and agro-industry. Establishing connections and fostering interactions between Nigerian and EU agribusiness stakeholders, particularly among SMEs, is the main goal of the EU-Nigeria Agribusiness Platform. It also aims to encourage trade and investment between the two regions. Trade between the EU and Nigeria reached €24.6 billion in 2023, an 18.7% decrease from 2022. The European Union continues to be Nigeria's principal economic partner, top investor, leading provider of development and humanitarian aid, and largest foreign network. Nigeria benefits from trading links with the EU, with the majority of its imports coming from crude oil. The non-oil trade between Nigeria and the EU needs to be improved. The EU-Nigeria Agribusiness Platform will be run by Agribusiness Register Limited, a private sector organization knowledgeable about the agribusiness ecosystem. During a stakeholders' consultative meeting in April 2023, the notion of transferring the platform to a private sector-led organization collaborating with public and private sector stakeholders was presented. Owners and operators of the Nigeria Agribusiness Register, The Agribusiness Register Limited, will collaborate and interact with a chosen set of agribusinesses, farmer associations, aggregators, and other important players. Additionally, it will foster cooperation and partnerships with key Nigerian government agencies as well as EU implementing partners in the fields of entrepreneurship, digitalization, and agriculture. It will collaborate specifically with the Nigeria Export Promotion Council (NEPC), the Federal Ministry of Agriculture, the Federal Ministry of Industry, Trade and Investment, the Standards Organization of Nigeria, and the Ministry of Communication and Digital Economy.