The global market for Specialty Crops is estimated at US$1.7 Trillion in 2023 and is projected to reach US$2.3 Trillion by 2030, growing at a CAGR of 4.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the specialty crops market is driven by several factors. The increasing consumer demand for fresh, nutritious, and diverse food options is a significant driver, as specialty crops are often perceived as healthy and flavorful than conventional produce. Growing preference for vegan meals, natural and healthy foods and rising adoption of healthier alternative options such as cereals, seeded bread, smoothies and other organic food products has been augmenting the growth of specialty crops market globally. The rising interest in plant-based diets and natural ingredients is also boosting demand for specialty crops, which are key components in many health and wellness products. Technological advancements in agriculture are making it easier and more cost-effective to grow specialty crops, encouraging more farmers to diversify their production. Additionally, government initiatives and support programs aimed at promoting agricultural diversity and sustainability are providing incentives for the cultivation of specialty crops. The expanding global trade of high-value agricultural products is opening new markets for specialty crops, further driving their production and export. Together, these factors are creating a dynamic and expanding market for specialty crops, presenting significant opportunities for growth and innovation in the agricultural sector.
The growth in the specialty crops market is driven by several factors. The increasing consumer demand for fresh, nutritious, and diverse food options is a significant driver, as specialty crops are often perceived as healthy and flavorful than conventional produce. Growing preference for vegan meals, natural and healthy foods and rising adoption of healthier alternative options such as cereals, seeded bread, smoothies and other organic food products has been augmenting the growth of specialty crops market globally. The rising interest in plant-based diets and natural ingredients is also boosting demand for specialty crops, which are key components in many health and wellness products. Technological advancements in agriculture are making it easier and more cost-effective to grow specialty crops, encouraging more farmers to diversify their production. Additionally, government initiatives and support programs aimed at promoting agricultural diversity and sustainability are providing incentives for the cultivation of specialty crops. The expanding global trade of high-value agricultural products is opening new markets for specialty crops, further driving their production and export. Together, these factors are creating a dynamic and expanding market for specialty crops, presenting significant opportunities for growth and innovation in the agricultural sector.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Vegetable Crops segment, which is expected to reach US$765.4 Billion by 2030 with a CAGR of a 4.7%. The Fruit Crops segment is also set to grow at 5.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $334.4 Billion in 2023, and China, forecasted to grow at an impressive 5.6% CAGR to reach $384.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Specialty Crops Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Specialty Crops Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Specialty Crops Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Olam International Ltd., Plant Health Care, Inc., AGT Food and Ingredients, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 25 Featured):
- Olam International Ltd.
- Plant Health Care, Inc.
- AGT Food and Ingredients
- Oregon Spice Company
- Technology Crops International (TCI)
- SVZ
- Simped Foods Pty Ltd.
- Main Street Data
- iFoodDS
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Olam International Ltd.
- Plant Health Care, Inc.
- AGT Food and Ingredients
- Oregon Spice Company
- Technology Crops International (TCI)
- SVZ
- Simped Foods Pty Ltd.
- Main Street Data
- iFoodDS
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 276 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.7 Trillion |
| Forecasted Market Value ( USD | $ 2.3 Trillion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
