Fruit And Nut Farming Global Market Set to Sizzle at 9.3% CAGR, Reaching $1,880.1 Billion By 2028 | Total Produce PLC, Soufflet SA, Tree Top Inc., Sun Pacific, Setton Farms

The fruit and nut farming market size has grown rapidly in recent years. It will grow from $1194.23 billion in 2023 to $1316.62 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to consumer demand for fresh produce, export opportunities, global population growth, health and nutrition awareness, advancements in farming technologies.

The fruit and nut farming market size is expected to see strong growth in the next few years. It will grow to $1880.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to sustainability and organic farming, climate change adaptation, development and adoption of new fruit and nut varieties, traceability and food safety, global market expansion. Major trends in the forecast period include superfoods, urban and vertical farming, value-added product, pest management alternatives, direct-to-consumer sales.

Market Overview -
A fruit is a fleshy or dry ripened ova*ry of a flowering plant that contains the seed. Fruit farming is a type of farming in which farmers primarily grow fruit crops for domestic, industrial, or commercial purposes. Nuts refer to dry, single-seeded fruits with high oil content. Nut farming is defined as the cultivation of plants that produce nuts.

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Rising Crop Production Expenses Fueling Growth In Fruit And Nut Farming Market
The rising crop production is expected to propel the growth of the fruit and nut farming market going forward. Crop production refers to the process of growing and cultivating crops, for various purposes such as human and animal consumption. Crop production is boosting fruit and nut farming through increased demand, technological advancements, market growth, diversification, and innovation. For instance, in May 2023, according to Gov.UK a UK based public sector information website, the total crop output was $14,034.6(£13,330) million in 2022 which is an increase of $2,524.76 (£2,398) million (21.9%) from the year 2021.Therefore, rising crop production is driving the growth of the fruit and nut farming market.

Competitive Landscape -
Major companies operating in the fruit and nut farming market include Total Produce plc, Fresh Del Monte Produce Inc., Chiquita Brands International Sarl, Olam International Ltd., Ocean Spray Cranberries Inc., Blue Diamond Growers, Sunkist Growers Inc., Soufflet SA, Costa Group Holdings Ltd., Yuan Longping High-Tech Agriculture Co. Ltd, Dole Food Company Inc., Sun-Maid Growers of California, Wonderful Citrus, Del Monte Foods Inc., Florida's Natural Growers, The Wonderful Company, National Grape Cooperative Association (Welch's), Tree Top Inc., Sun Pacific, Wonderful Pistachios & Almonds, Stark Bro's Nurseries & Orchards Co., Gerber, United Sugars Corporation, Driscoll's, Pacific Coast Producers, Just Born Inc., Wawona Frozen Foods, South Georgia Pecan, Mariani Nut Company, Martin's Famous Pastry Shoppe Inc., Diamond Foods (Emerald Nuts), Graceland Fruit Inc., Setton Farms, Smude Enterprises LLC.

Rising Demand For Agribots For Fruit And Nut Farming
A shortage of labour and increasing demand for advanced agriculture tools in many countries is driving the demand for agriculture robots, or agribots. Agribots are used on farmlands for pruning, weeding, and spraying pesticides and herbicides. They are connected to tractors for spraying water, seeds, pesticides, nutrients, and harvesting. For instance, the Energid Citrus Picking Robot System picks an orange every two seconds from a tree, thus enhancing productivity and thereby limiting the need for agricultural labor.

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Key Segments -
The fruit and nut farming market covered in this report is segmented -
1) By Type: Orange Groves, Citrus Groves, Noncitrus Fruit And Tree Nut Farming
2) By Farming Process: Organic Fruit And Nut Farming, Traditional Farming
3) By Application: Hypermarkets Or Supermarkets, Convenience Stores, Other Applications

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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