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
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.
Estimated Market Size in 2020:
USD 1,028.33 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,484.93 million
Tables, Graphs & Figures
Type, Nature, Sales Channel, and End User.
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Tree Nuts
• Herbs & Spices
• Fruits & Vegetables
• Other Types (Medicinal Herbs)
Sales Channels Covered:
• Direct Sales
End Users Covered:
• Food Service
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Specialty Crops Market is majorly driven by rising awareness of the health benefits associated with specialty crops, supportive government measures, and increasing inclination of the consumers towards vegan meals.
The conventional segment is growing at a highest CAGR as it is widely adopted among small and marginal farmers to obtain higher yield at a lower production cost.
North America dominated with a significant market share due to the growth of the specialty crops, developed markets, organic vegetables and fruits are preferred over the conventional types as consumers are choosing products that are natural with fewer chemicals and additives.
Asia Pacific market is growing at a highest CAGR owing to increasing trade activities and trade volumes between countries, rising disposable income of the populace, the lifestyle of consumers is changing rapidly, and rapid urbanization.
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.
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