Global Market Study on Specialty Crops: Organic Crops Segments Anticipated to Display Significant Opportunities Through 2025
In addition, the report also focuses on developments, trends, drivers and product innovations influencing the growth of the global specialty crops market in the coming years. It is important to note that the specialty crops market is highly active. Specialty crops are defined as fruits and vegetables, tree nuts, dried fruits, and horticulture and nursery crops, including floriculture. As per the active research evaluations, the global specialty crops market is expected to witness a CAGR of 3.7%. From a valuation of US$ 1,382.3 Bn in 2017, the market is projected to touch a valuation of US$ 1,842.3 Bn by the end of 2025.
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Segmental Analysis and Forecast
For a better understanding, the research highlights market segmentation which classifies specialty crops on the basis of nature, type, and end-use. Based on nature, the study covers organic and conventional. Types of specialty crops include fruits, herbs & spices, vegetables, tree nuts and others. Application-wise segmentation includes food, beverages, retail, food service and others. The segmental analysis of the report finds the following:
In terms of application, food sector estimated to be the second leading end-user owing to growing demand for premium food options. The trend of consuming natural healthy food is increasing, as the preference for healthier and premium alternatives such as smoothies, breakfast cereals, with natural ingredients is increasing, thereby supporting the growth and demand for specialty crops as well.
From a geographical standpoint, the study finds that the primary demand drivers in North America are witnessing fast-paced evolution, as dietary habits receive emphasis, especially among consumers who scour every label to read the ingredients. It has been also stated that specialty crops producers are now getting easy access to other countries in the Latin American region, which is anticipated to aid in the growth of the specialty crops market over the forecast period.
On the basis of nature, the study finds that organic food products are highly preferred because they do not have chemicals or additives and offer the required nutrients, and therefore are gaining higher trust than conventional food products.
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To conclude, the final section of the study presents an exhaustive analysis focusing on the prime players operating in the global specialty crops market. Some of them are Specialty Crop Company. INC., Phoenix Global DMCC, Diamond Fruit Co., SunWest Foods Inc., Golden Peanut and Tree Nuts.
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