Data Bridge Market Research analyses that the North America specialty crop market will grow at a CAGR of 4.5% during the forecast period of 2022 to 2029.
Market Definition
Fruits and vegetables, tree nuts, dried fruits, horticulture, and nursery crops are examples of specialty crops (including floriculture). They also contain exotic plants grown in a particular area due to topographical and climatic characteristics. A paradigm shift in consumer eating behaviors has been documented due to population growth and an increase in per capita disposable income, directly affecting the demand for wholesome food. Other factors boosting the market for specialized crops include increased urbanization, ethnic diversity, health concerns, and changes in demographic characteristics.
Fruits and vegetables, tree nuts, dried fruits, horticulture, and nursery crops are examples of specialty crops (including floriculture). They also contain exotic plants grown in a particular area due to topographical and climatic characteristics. A paradigm shift in consumer eating behaviors has been documented due to population growth and an increase in per capita disposable income, directly affecting the demand for wholesome food. Other factors boosting the market for specialized crops include increased urbanization, ethnic diversity, health concerns, and changes in demographic characteristics. The primary drivers of the specialty crops industry include the expanding application range of specialty crops, encouraging government initiatives, and free trade policies. However, expansion is constrained by trade and environmental constraints.
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North America Specialty Crop Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers:
As a conscious consumer, it is a particularly beneficial way of life because turning vegan would entirely isolate oneself from dangerous antibiotics, hormones, and adulteration, which is widespread culture to ensure prolonged shelf life for most animal goods. As exports grow and the world shrinks, more preservatives and chemical compositions are used to ensure that the food survives the journey. Veganism is also a non-violent lifestyle choice. People’s increased health consciousness leads them to include more healthful items in their diets, such as medicinal herbs, spices, and nuts.
Thus, the rising inclination towards vegan and healthy food due to the rise in awareness of nutritional and medicinal benefits is expected to as a driver for specialty crop market growth.
The North America market for specialty crops is being driven by a growing desire for a healthy lifestyle among people. The growing consumer preference for healthy lifestyles has become a driver for the creation of demand for specialty crops. Regardless of industry, many pioneers have considered this driver and are actively investing in specialty crop-based companies. An important aspect of leading a healthy lifestyle is eating healthy foods such as food made from specialized crops. A nutritious diet is critical for optimal health and nutrition. It protects against a wide range of chronic diseases, including heart disease, diabetes, and cancer. A healthy diet includes eating a variety of foods and consuming less salt, sugar, saturated fat, and industrially generated trans fats. Also, increased knowledge of the advantages of a healthy lifestyle causes consumers to select the best healthy food products, which include foods manufactured with specialty crops such as nuts, spices, herbs, and so on.
Thus, the increasing awareness and knowledge of the advantages of a healthy lifestyle cause consumers to select the best healthy food products, such as specialty crop products, eventually becoming a major driving force for specialty crop market growth.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, North America Vs. Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
Some of the major players operating in the North America specialty crop market are
Banabay,
Rice Fruit Company,
Fisher Nut Company,
SVZ Industrial Fruit & Vegetable Ingredients,
United Natural Foods, Inc.,
Lamex Food Group Limited,
Herbs N Spices International,
Harbor Spice Co., Inc.,
Olam Group,
Oregon Spice Company,
Speciality Crop Company., INC.,
NUTSCO,
AGT Food and Ingredients,
Natural Specialty Crops,
ULC,
Golden Peanut and Tree Nuts,
FARMER DIRECT ORGANIC,
Barnes Williams
others
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North America Specialty Crop Market Scope
North America specialty crop market is segmented on the basis of crop type, nature, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Crop Type
On the basis of crop type, the North America specialty crop market is segmented into fruits, vegetables, tree nuts, herbs, spices, and others.
Nature
On the basis of product type, the North America specialty crop market is segmented into organic and conventional.
Application
On the basis of end user, the North America specialty crop market is segmented into dairy products, bakery, juices, nectars & fruit-based drinks, confectionery, soups, sauces & dressings, and others.
North America Specialty Crop Market Regional Analysis/Insights
The North America specialty crop market is analyzed, and market size insights and trends are provided based on crop type, nature, and application, as referenced above.
The countries covered in the North America specialty crop market report are the U.S., Canada, and Mexico.
In 2022, the U.S. is expected to dominate the North America specialty crop market in terms of market share and revenue. It is estimated to maintain its dominance during the forecast period due to the growing demand for agriculture, and food consumption is the major reason for the growth of specialty crops in the North America region.
Partial Table of Content:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Growth Opportunities By Segment
Chapter Four: Market Landscape
Chapter Five: Company Profiles
…
New Business Strategies, Challenges & Policies are mentioned in the Table of Content, Request TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=north-america-specialty-crops-market
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