(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Nov. 20, 2023 (GLOBE NEWSWIRE) -- The "Specialty crops - Global Strategic Business Report" report has been added to ResearchAndMarkets's offering.
Global Specialty Crops market to Reach $2.2 Trillion by 2030
The global market for Specialty Crops estimated at US$1.6 Trillion in the year 2022, is projected to reach a revised size of US$2.2 Trillion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030. This report offers a comprehensive analysis of the global specialty crops market. It includes an evaluation of conventional, organic, vegetables, fruits, herbs & spices, tree nuts, and other types of specialty crops.
Conventional, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$1.5 Trillion by the end of the analysis period. Growth in the Organic segment is estimated at 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $323.1 Billion, While China is Forecast to Grow at 5.6% CAGR
The Specialty Crops market in the U.S. is estimated at US$323.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$384.7 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2022 to 2030.
The analysis covers annual sales figures in US$ Million for the years 2014 through 2030, with a focus on geographic regions such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
The report provides insights into recent past, current, and future sales trends, accompanied by percentage Compound Annual Growth Rates (CAGR) where applicable. Additionally, it offers a 16-year perspective, presenting the percentage breakdown of value sales for select years within this period.
What`s New?
Special discussions on the global economic climate and market sentiment Coverage on global competitiveness and key competitor percentage market shares Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to digital archives and trademarked research platform Complimentary updates for one year Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
Report Attribute | Details |
No. of Pages | 276 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $1.6 Trillion |
Forecasted Market Value (USD) by 2030 | $2.2 Trillion |
Compound Annual Growth Rate | 4.1% |
Regions Covered | Global |
MARKET OVERVIEW
Impact of COVID-19 and a Looming Global Recession COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021 Impact of COVID-19 on the Specialty Crops Market An Introduction to Specialty Crops Types of Specialty Crops World Specialty Crops Market by Type (2020 & 2027): Percentage Breakdown of Revenues for Vegetables, Fruits, Herbs & Spices, Tree Nuts, and Other Types Specialty Crops: Global Market Prospects & Outlook Key Factors Favoring the Specialty Crops Market New Retail Formats to Increase Demand for Specialty Crops Free Trade to Boost Market Growth Crop Adulteration to Restrain the Market Growth Geographic Analysis: Developed Regions Lead Medical Membranes Market, Developing Nations Promise Future Growth World Specialty Crops Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions World Specialty Crops Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Japan, and Europe Competitive Scenario Recent Market Activity Specialty Crops - Global Key Competitors Percentage Market Share in 2022 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
Megatrends Wielding Influence on Specialty Crops Market World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100 World Urban Population in Thousands: 1950-2050P Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050 Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030 Food Sector Dominates the Specialty Crops Market Surging Demand for Natural, Clean Label, & Less Processed Foods Augurs Well Robust Opportunities in the Beverages Vertical Focus on Healthy Living Amidst Pandemic Fuels Demand for Natural Beverages Fruit Juices Gain Wider Traction Vegetable Juices Seek Opportunities Dynamics of Foodservice Industry Augment Business Prospects Opportunities in Quick Service Restaurants Vertical Global Fast Food & Quick Service Restaurant Market Size (in US$ Billion) for 2019, 2022 & 2025 Growing Demand for Specialty Crops in Retail Segment e-Commerce Widens Retail Opportunities for Specialty Crops Smartphone Penetration & Better Internet Connectivity Fuel Online Retail Sales Global Market for Smartphones in Billions (2016-2021) Mounting Food Security Concerns Improve Market Prospects World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100 Food Demand Growth Worldwide: Demand Growth in Million Tonnes for Select Foods for the Period 2008-2017 and 2018-2027 Small Producers Improve Profitability with Specialty Crops
FOCUS ON SELECT PLAYERS (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
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