Specialty Crops Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast by 2025

Specialty crops are defined as plants that are intensively cultivated. These include flowers, nursery crops, horticulture, dried fruits, tree nuts, and fruits and vegetables. A crop is considered specialty crop only when it is cultivated whereas if it is collected from the wild population will not be considered as specialty crops even though it fulfils the same requirement as cultivated plants. Some of the specialty crops include persimmons, kiwi, citrus, pomegranates, almonds, pistachios, sorghum, millets, sunflower seed, rapeseed, chickpeas canola, prairie grasses, buckwheat, Russian dandelion, mushrooms, maple sugar, amaranth, etc. The global specialty crops market is expected to grow at a significant growth rate, attributed to rapid growth of agricultural industry and high demand for ornamental crops across the globe over the forecast period.

Growing floriculture industry is expected to fuel the global specialty crops market over the forecast period. High demand for organic crops and products in food, pharmaceuticals, and personal care industry over the forecast period. Companies manufacturing specialty crops products can leverage potential opportunities in regions such as North America, Europe, and Asia Pacific, attributed to the high production of the specialty crops across the countries such as Florida, China, Russia, Georgia, etc. Global specialty crops marketers are focusing on strengthening its supply chain and focusing on high priority market. For instance, Phoenix Global DMCC, a specialty crop producer based in Dubai, United Arab Emirates leveraged its redistribution strengths in high-priority markets to establish itself as a reliable and important supplier of specialty crops.

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The global specialty crops market is segmented on the basis of product type, source, and region. On the basis of source segments, natural segment is expected to dominate the global specialty crops market. Whereas, organic segment is expected to expand at a significant growth rate over the forecast period in global specialty crops market. Among the product type segments, flowers segment is expected to dominate the global specialty crops market, attributed to rapid growth of floriculture industry across the globe. Flowers segment followed by nuts segment in global specialty crops market. Whereas, ornamental plants segment is expected to expand at a significant growth rate over the forecast period in global specialty crops market.

On the basis of geography, the global specialty crops market is fragmented into seven regions namely, North America, Western Europe, Asia Pacific excluding Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa and Japan. The North America specialty crops market is expected to dominate global specialty crops market in terms of revenue share over the forecast period followed by Western Europe specialty crops market. Whereas, Asia-Pacific is expected to expand at a relatively significant growth rate in the global specialty crops market over the forecast period. China is one of the largest producer of buckwheat which is expected to bolster the market in the region. The Middle East & Africa, Eastern Europe, and Latin America are expected to represent a moderate opportunity in the global specialty crops market, owing to the moderate economic, agricultural and industrial development in the region.

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Overall, the outlook for the global specialty crops market is positive over the forecast period. Various government organization involved in promoting the specialty crop production include Louisiana Department of Agriculture and Forestry, National Sustainable Agriculture Coalition, The National Agricultural Law Center, United States Department of Agriculture, Missouri Department of Agriculture, Wyoming Department of Agriculture, Kansas Department of Agriculture, Illinois Specialty Growers Association, etc. Some of the players identified in the global specialty crops market include Specialty Crop Company., INC., Phoenix Global DMCC, and Specialty Crop Growers Association.

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