With the slowdown in world economic growth, the Specialty Crops Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Specialty Crops market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Specialty Crops market size will be further expanded, we expect that by 2025, The market size of the Specialty Crops will reach XXX million $.
Specialty crops are plants that are intensively cultivated. These include, fruits and vegetables, tree nuts, dried fruits, and horticulture and nursery crops, including floriculture. Increasing demand for organic food products is expected to propel growth of the global specialty crops market over the forecast period. For instance, according to the 2019 Organic Industry Survey released by the Organic Trade Association in May 2019, the U.S. organic market in 2018 reached US$ 52.5 billion, up 6.3% from 20147.
Growing free trade among countries is expected to aid in growth of the global specialty crops market. For instance, in January 2020, The Committee on International Trade backed the free trade and investment protection agreements between the EU and Vietnam. Moreover, increasing number of malls and specialty stores offering products obtained from specialty crops is also expected to aid in growth of the market.
Production and launch of bioinsecticides for specialty crops is expected to propel growth of the global specialty crops market. For instance, in January 2020, BioSafe Systems launched BT NOW, an aqueous, biological insecticide labeled to control various lepidoptera pests in a wide variety of specialty crops. Moreover, increasing funding for specialty crops is also expected to aid in growth of the market. For instance, in January 2020, The Vermont Agency of Agriculture, Food and Markets opened another round of grant funding of US$ 200,000 for Vermont producers through the Specialty Crop Block Grant Program.
However, increasing demand for specialty crops has led to adulteration in order to meet the demand. This is expected to hinder growth of the market. Moreover, increasing global warming and climate change is also expected to restrict growth of the market. For instance, in February 2018, a study, published in the journal Agronomy, by researchers from University of California, stated that by the end of the century, climate change could adversely impact California’s major crops, including specialty crops, prompting a sharp decline in yields.
Key Takeaways:
• Growing free trade among countries is expected to augment growth of the global specialty crops market
• Increasing global warming and climate change is expected to restrict growth of the market
• Major players operating in the global specialty crops market include, Specialty Crop Company Inc., Phoenix Global DMCC, SunWest Foods, Golden Peanut and Tree Nuts, Diamond Fruit, Barnes Williams, Oregon Spice, Harbor Spice, Olam International, The Fruit & Veg, United Natural Foods, SVZ Industrial Fruit & Vegetable, Lamex Food, Simped Foods, Herbs N Spices International, NUTSCO, and Fisher Nut
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
* Specialty
* Phoenix Global DMCC
* SunWest Foods
* Golden Peanut and Tree Nuts
* Diamond Fruit
* Barnes Williams
* Oregon Spice
* Harbor Spice
* Olam International
* THE FRUIT & VEG
* United Natural Foods
* SVZ Industrial Fruit & Vegetable
* Lamex Food
* Simped Foods
* HERBS N SPICES INTERNATIONAL
* NUTSCO
* Fisher Nut
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
* Fruits
* Tree Nuts
* Vegetables
* Herbs & Spices
Industry Segmentation:
* Bakery, Confectionery & Snacks
* Soups, Sauces & Dressings
* Dairy Products
* Juices, Nectars & Fruit-based Drinks
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2025)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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