Specialty Crops Market

Specialty Crops Market Forecasts to 2028 – Global Analysis By Type (Tree Nuts, Herbs & Spices), Nature (Conventional, Organic), Sales Channel (Distributor, Direct Sales), End User (Food Service, Beverages, Retail), and By Geography

4.6 (64 reviews)
Published: August 2021 ID: SMRC20868
4.6 (64 reviews)
Published: August 2021 ID: SMRC20868

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Specialty Crops market is accounted for $1,028.33 million in 2020 and is expected to reach $1,484.93 million by 2028 growing at a CAGR of 4.7% during the forecast period. Some of the key factors propelling the market growth include the widening application scope of specialty crops, rapid urbanization, health concerns, changes in demographic features, ethnic composition, supportive government measures, and free trade policies. However, the environmental and trade barriers are restraining the market growth.

Specialty crops are plants that are intensively cultivated. These crops refer to tree nuts, dried fruits, fruits and vegetables, horticulture, and nursery crops (including floriculture). They also include exotic crops that are specially cultivated across a region due to climatic and topographical features. Eligible plants must be cultivated or managed and used by people for food, medicinal purposes, and aesthetic gratification to be considered as specialty crops.

By type, fruits & vegetables segment is expected to be the fastest-growing segment during the forecast period, due to the global demand for fruits and vegetables is high owing to their high nutritional profile, growing demand for specialty fruits and vegetables grown organically, rapid urbanization, and shift in consumer preference toward healthy lifestyle have encouraged the adoption of fruits and vegetables in their diet.

On the basis of geography, Asia Pacific market is expected to expand at the fastest growth rate during the forecast period, due to the lifestyle of consumers is changing rapidly, rising disposable income of the populace, the influence of western lifestyle, and rapid urbanization.

Some of the key players in Specialty Crops Market include Fisher Nut Company, Oregon Spice Company, Olam International, Barnes Williams, Harbor Spice Co., Inc., Lamex Food Group Limited, BanaBay Limited, Simped Foods Pty Ltd., Diamond Fruit Co., United Natural Foods, Inc., Phoenix Global DMCC, NUTSCO, Inc., Rice Fruit Company, SunWest Foods Inc., Specialty Crop Company., Inc., Herbs N Spices International, and SVZ International B.V.
Types Covered:
• Tree Nuts
• Herbs & Spices
• Fruits & Vegetables
• Other Types (Medicinal Herbs)

Natures Covered:
• Conventional
• Organic

Sales Channels Covered:
• Distributor
• Direct Sales

End Users Covered:
• Food Service
• Beverages
• Retail
• Food

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand
o South Korea   
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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