Vegetable Farming Market Growth: Trends, Insights, and Innovations Driving Strong Expansion to $2169.93B by 2028

The vegetable farming market size has grown strongly in recent years. It will grow from $1649.1 billion in 2023 to $1755.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to population growth, health and wellness trends, urbanization, changing dietary patterns, government policies.

The vegetable farming market size is expected to see strong growth in the next few years. It will grow to $2169.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to climate change impact, global trade dynamics, consumer preferences, supply chain resilience, water scarcity concerns. Major trends in the forecast period include technology integration, technological advancements, sustainable practices, indoor farming, consumer preferences for exotic varieties.

Market Overview -
Vegetable farming refers to the cultivation and production of vegetables for consumption as food, either for local markets or for wider distribution.

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Surge In Veganism Driving Growth In Vegetable Farming Market
The increasing popularity of veganism is expected to propel the growth of the vegetable farming market going forward. Veganism is a lifestyle and dietary choice that involves avoiding the use of animal products for food or any other purpose, often motivated by ethical, environmental, and health reasons. Vegans typically avoid using animal-based fertilizers and pesticides, which can contain harmful chemicals and contribute to soil and water pollution. Instead, they opt for organic and plant-based alternatives that are more sustainable and environmentally friendly which rise the demand for fresh vegetable products. For Instance, according to Redefine meat Ltd., an Israel-based packaged food products company, In September 2021, an estimated 79 million vegans were global, which is over one percent of the whole population. Also, by 2040, it's projected that only 40& of the world's population will eat meat. The value of the vegan food market is expected to rise to a staggering $31.4 billion by 2026. Therefore, the increasing veganism is driving the demand for the vegetable farming market.

Competitive Landscape -
Major companies operating in the vegetable farming market report are General Mills Inc., Dole Food Company Inc., Fresh Del Monte Produce, Chiquita Brands International Inc. (Chrobinson Worldwide), Giorgio Foods Inc., Wm. Bolthouse Farms Inc., J. G. Boswell Company, Grimmway Farms, Mastronardi Produce, Plenty Unlimited Inc., Golden County Foods Inc., Lake Side Organic Gardens, Tanimura & Antle Fresh Foods Inc., R.D. Offutt Company, Bright Farms Inc., Gills Onions, Freight Farms, Devine Organics, Carlton Farms, Graves Bros Co, Graceland Fruit Inc., Modern AG Products LLC, D'Arrigo Bros. Co, Garden Fresh Farms, Abers Acres, The Beckman & Gast Co, Global Tropical Fresh Fruit, Green Sense Farms Holdings Inc., AutoGrow Systems Ltd., FreshBox Farms

Cutting-Edge Technology Reshaping Vegetable Farming
Technological advancements are a key trend gaining popularity in the vegetable farming market. Major market players are concentrating their efforts on creating innovative technologies for vegetable farming to eradicate manpower shortages and for time-saving. For example, in October 2021, Rijk Zwaan, a Netherlands-based vegetable breeding company, launched Artificial intelligence to accelerate the breeding process to provide growers faster access to new vegetable varieties. With this launch company has an annual turnover of €498 million ($0.5 billion) in its 2020/2021 financial year, equating to 4% growth compared with the previous year.

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Key Segments -
The vegetable farming market covered in this report is segmented -
1) By Type: Growing Vegetable Crops, Producing Vegetable Seeds
2) By Application: Household, Commercial

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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