Exotic plants are cultivated locally due to topographical and climatic factors. Population growth and an increase in per capita disposable income have been linked to a paradigm shift in consumer eating habits, which has a direct impact on the demand for wholesome food. Increased urbanization, ethnic diversity, health concerns, and changes in demographic characteristics are other factors driving the specialty crop market for specialized crops. The expanding application range of specialty crops, supportive government initiatives, and free trade policies are the main forces behind the specialty crops industry. However, trade restrictions and environmental limitations limit growth.
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Data Bridge Market Research analyses that the Specialty Crop Market is expected to reach a value of USD 1,195,570.37 million by 2029 with a CAGR of 4.6% during the forecast period. Consumers are increasingly seeking healthier and unique food options, including specialty crops. Specialty crops are often known for their high nutritional value, unique flavors, and diverse culinary uses. The rising consumer awareness about the health benefits and culinary appeal of specialty crops drives their demand in the market.
Changing consumer preferences and food culture are expected to drive the market's growth rate
As consumer preferences and food culture continue to evolve, there is a growing demand for unique and diverse food experiences. Specialty crops play a crucial role in meeting this demand by offering a wide range of flavors, textures, and culinary possibilities. From exotic fruits to heirloom vegetables and rare spices, specialty crops provide consumers with the opportunity to explore new tastes, experiment with innovative recipes, and embrace the latest food trends, catering to their desire for culinary adventure and discovery.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Crop Type (Fruits, Vegetables, Tree Nuts, Herbs, Spices, and Others), Nature (Organic and Conventional), Application (Dairy Products, Bakery, Juices, Nectars and Fruit-Based Drinks, Confectionery, Soups, Sauces and Dressings and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Banabay - (U.K.), Rice Fruit Company - (U.S.), Fisher Nut Company - (U.S.), Simped Foods Pty Ltd. - (Australia), SVZ Industrial Fruit and Vegetable Ingredients - (Netherlands), Fruit + Veg. - (U.K.), United Natural Foods, Inc. - (U.S.), Lamex Food Group Limited - (U.K.), Herbs N Spices International - (India), Harbor Spice Co., Inc. - (U.S.), Olam Group - (Singapore), Oregon Spice Company - (U.S.), Speciality Crop Company., INC. - (U.S.), NUTSCO - (Canada), AGT Food and Ingredients - (Canada), Natural Specialty Crops, ULC - (Canada), Golden Peanut and Tree Nuts - (U.S.), FARMER DIRECT ORGANIC - (Canada), Barnes Williams - (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The specialty crop market is segmented on the basis of crop type, nature, and application
- On the basis of crop type, the market is segmented into fruits, vegetables, tree nuts, herbs, spices, and others. In 2022, the vegetables segment is expected to dominate the market with a CAGR of 4.8% in the forecast period of 2022 to 2029 due to the consumption of vegetables and the rising trend of veganism.
In 2022, the Vegetables segment is expected to dominate the crop type segment of the market
In 2022, the Vegetables segment is expected to dominate the crop type segment of the market owing to health-conscious consumers who prioritize a nutritious and wholesome diet with a CAGR of 4.8% in the forecast period of 2022 to 2029.
- On the basis of nature, the market is segmented into organic and conventional. the Conventional segment is expected to dominate the market with a CAGR of 4.2% in the forecast period of 2022 to 2029 due to most farmers have adopted the conventional farming method.
- On the basis of application, the market is segmented into bakery, confectionery, soups, sauces and dressings, dairy products, juices, nectars and fruit-based drinks, and others. Dairy products segment are expected to dominate the market with a CAGR of 5.0% in the forecast period of 2022 to 2029 due to the increased application of specialty crops with dairy products.
In 2022, Dairy Products segment are expected to dominate the application segment of the global specialty crop market
In 2022, Dairy Products segment are expected to dominate the market owing to its widespread use and demand in various dairy-based products such as milk, cheese, yogurt, and butter with a CAGR of 5.0% in the forecast period of 2022 to 2029.
Major Players
Data Bridge Market Research recognizes the following companies as the major specialty crop market players in Specialty Crop market are Banabay - (U.K.), Rice Fruit Company - (U.S.), Fisher Nut Company - (U.S.), Simped Foods Pty Ltd. - (Australia), SVZ Industrial Fruit and Vegetable Ingredients - (Netherlands), Fruit + Veg. - (U.K.)
Market Development
- In 2022, Olam founded Terrascope, a climate technology business, to aid companies in achieving their Net Zero objectives.
- In 2022, UNFI Produce implements new technologies and procedures, broadens its private label options, and shortens some delivery times by more than a day in order to supply its clients with fresher fruit and fully utilize UNFI data points.
- In 2022, The FDA Food Safety Modernization Act, or FSMA, recently passed food safety regulations that impose additional regulatory requirements on foods that are governed by the FDA, including specialty crops.
- In 2022, To ensure access for more farmers of specialty crops, Verdant Robotics expanded its robot-as-a-service (RaaS) model. The first autonomous farm robot with multiple actions for specialty crops that will enable superhuman farming
- In 2022, In order to reduce some delivery times by more than a day and fully utilize UNFI data points to supply fresher fruit to its clients, UNFI Produce implements new technologies and processes and expands its private label options
Regional Analysis
Geographically, the countries covered in the specialty crop market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is expected to dominate in specialty crop market during the forecast period 2022 - 2029
Asia-Pacific is poised to dominate the global specialty crop market due to increasing awareness among consumers about the health benefits offered by these crops. As consumers become more health-conscious, the demand for specialty crops with higher nutritional value and unique flavors is rising in the region. This growing awareness, coupled with a diverse culinary culture, positions Asia-Pacific as a key market for specialty crops, driving the expansion of the industry and its continued growth in the region.
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