Specialty Crop Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030
According to Data Bridge Market Research, the global
specialty crop market is projected to attain a value of USD 1,195,570.37
million by 2029, growing at a CAGR of 4.6% throughout the forecast
period. Specialty crops refer to fruits and vegetables, tree nuts, dried
fruits, horticulture, and nursery crops, which may include exotic plants grown
in specific regions due to their topographical and climatic characteristics.
The demand for nutritious food has been increasing due to population growth,
rising per capita disposable income, and shifting consumer eating habits.
Additionally, factors such as urbanization, ethnic diversity, health concerns,
and demographic changes are driving the specialty crop market. The specialty
crops industry is being propelled by the increasing application of specialty
crops, favorable government initiatives, and liberal trade policies. However,
trade and environmental limitations are impeding growth.
Market Insights and Scope
Specialty crops, such as tree nuts, horticulture, and
nursery crops, as well as exotic plants grown in specific areas due to
topography and climate, are examples of produce that fall into this category.
Floriculture is also included. The demand for healthy food has seen a shift in
consumer eating habits due to population growth and higher disposable incomes.
This has contributed to the growth of the market for specialized crops. Factors
such as increased urbanization, greater ethnic diversity, health concerns, and
changes in demographics are also
contributing to this trend.
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