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2025-2034 Vegetable Farming Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Vegetable Farming Industry Market Size Be by 2025?
There has been substantial growth in the size of the vegetable farming market in the past few years. It is projected to escalate from $1714.07 billion in 2024 to $1823.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%. The historical growth can be credited to factors like population expansion, trends in health and wellness, urbanization, modifications in dietary preferences, and governmental policies.
What's the Long-Term Growth Forecast for the Vegetable Farming Market Size Through 2029?
The market size for vegetable farming is projected to witness robust expansion in the ensuing years, reaching a value of $2260.32 billion in 2029 with a compound annual growth rate (CAGR) of 5.5%. The expected growth during this forecasted phase could result from various factors such as the effects of climate change, dynamics of global trade, consumer preferences, the resilience of the supply chain, and issues related to water scarcity. Significant trends anticipated in this period encompass the integration of technology, technological progression, sustainable operations, indoor farming, and the leaning of consumers towards exotic vegetable types.
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What Are the Key Growth Drivers Fueling the Vegetable Farming Market Expansion?
The rise in the practice of veganism is projected to accelerate the growth of the vegetable farming industry. Veganism is not just a dietary preference but a lifestyle choice that rejects the consumption or use of animal products for any purpose, primarily influenced by ethical, environmental, and health concerns. To maintain this lifestyle, vegans avoid using animal-based pesticides and fertilizers, which often contain toxic materials and add to soil and water pollution. Instead, they lean towards more sustainable, environmentally friendly organic and plant-based alternatives which elevates the need for fresh vegetables. For example, the Vegan Society, a charity based in the UK, reported that in 2023, most online searches about veganism originated from Germany, as revealed by Google Trends, followed by Austria and the UK. In 2022, the Good Food Institute highlighted that sales of plant-based meat products at a global retail level amounted to $6.1 billion. Hence, the spreading trend of veganism underpins the rising demand for the vegetable farming sector.
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What Are the Key Trends Driving Vegetable Farming Market Growth?
Prominent players in the vegetable farming industry are concentrated on technology advancements such as vegetable farming apps to increase efficiency, improve crop management, provide instant information, ease market accessibility, and reinforce sustainable farming methods. The vegetable farming apps come with features necessary for farmers to access critical information, enabling them to make well-informed decisions and upgrade their farming methods. As a recent example, the East-West Seed Foundation, a Southeast Asia-based foundation, launched a Vegetable farming app in August 2024, with a core focus on enhancing the living standards of smallholder farmers by providing them with improved seeds and farming techniques. Such vegetable farming apps are either mobile or web-based applications that cater to farmers by providing them with crop management tools, updates on weather conditions, market access, data monitoring features, and community support, all of which play a crucial role in improving yields and fostering sustainability in vegetable farming.
How Is the Vegetable Farming Market Segmented?
The vegetable farming market covered in this report is segmented -
1) By Type: Growing Vegetable Crops, Producing Vegetable Seeds
2) By Application: Household, Commercial
Subsegments:
1) By Growing Vegetable Crops: Leafy Greens, Root Vegetables, Fruit Vegetables, Legumes, Brassicas
2) By Producing Vegetable Seeds: Hybrid Seeds, Open-Pollinated Seeds, Organic Seeds, Conventional Seeds, Specialty Seeds
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Which Companies Are Leading the Charge in Vegetable Farming Market Innovation?
Major companies operating in the vegetable farming market include General Mills Inc., Dole Food Company Inc., Fresh Del Monte Produce, 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, Modern AG Products LLC, D'Arrigo Bros. Co, Garden Fresh Farms, Abers Acres, The Beckman & Gast Co, Green Sense Farms Holdings Inc., AutoGrow Systems Ltd., FreshBox Farms.
Which Regions Are Leading the Global Vegetable Farming Market in Revenue?
Asia-Pacific was the largest region in the vegetable farming market in 2024. The regions covered in the vegetable farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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