Slow growing: Industry revenue is anticipated to rise in 2023-24 despite significant labour shortages
Vegetable farmers in the UK focus on the production of key crops like potatoes, onions, carrots and cruciferous vegetables (like cabbage and broccoli). Potatoes account for almost half of the volume and value of production. Over the five years through 2024-25, industry revenue is expected to grow at a compound annual rate of 0.3% to £1.9 billion, with most industry revenue generated from sales to retail chains.
Trends and Insights
- Climate change challenges vegetable growers. Increasingly erratic weather patterns make outside growing riskier, leading to farming strategies like the use of greenhouses and polytunnels to preserve yields and mitigate the effects of adverse weather.
- The UK potato sector faces shortages, driving up prices. This is due to reduced planting in 2022-23 and 2023-24 caused by challenging growing conditions and ongoing issues like high energy costs, labour shortages and extreme weather.
- The English Fenlands in the East of England present ideal farming conditions. The nutrient-rich soil across this large, flood-protected region offers one of England's most productive farmlands, attracting numerous growers.
- Capital-intensive machinery defines vegetable farming. To navigate tight profit margins and stiff competition, farmers increasingly rely on machines to water, harvest, sort and package crops, while using greenhouses for optimised conditions.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
- Reliable market estimates from 2014-2029
- Competitive analysis, industry segmentation, financial benchmarks
- Powerful SWOT, Porter’s Five Forces and risk management frameworks
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
OPERATING CONDITIONS
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- T H Clements & Son Ltd.
- Riverford Organic Farmers Ltd.
- Glinwell plc
Methodology
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