Global Specialty Crops Analysis Report 2023: Market to Grow by $600 Billion by 2030 - Evolving Dynamics of Foodservice Industry Augment Business Prospects
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
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)
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