North America Specialty Crops Market
Pages: 68
Specialty crops are plants that have been intensively cultivated. These crops comprises of fruits & vegetables, dried fruits, tree nuts, nursery crops and horticulture. As the specialty crops are consumed directly, temperature or water stress have a negligible impact on such crops. These crops are used for many food, medical and aesthetic purposes. The susceptibility of contamination of specialty crops during production is enhanced because of the minimum processing post-harvest. The rapid urbanization and the growing population propels the development of the specialty crops market.
Strategic insights for the North America Specialty Crops provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 124.41 Million |
| Market Size by 2027 | US$ 149.63 Million |
| Global CAGR (2020 - 2027) | 2.4 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Category
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Specialty Crops refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America specialty crops market is expected to reach US$ 149.63 million in 2027 from US$ 124.41 million in 2019. The market is anticipated to grow at a CAGR of 2.4 % from 2020 to 2027. Factors driving the market growth include widening application scope of specialty crops and supportive government measures and free trade policies. However, environmental and trade barriers is likely to have a negative impact on the market growth.
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the food and beverages industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. US has the highest number of confirmed cases of the COVID-19 morbidity among all North American countries. This is likely to impact the food and beverages industry in the region due to the disruption of supply and distribution chain in North America. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
The conventional segment accounted for a larger share of the North America specialty crops market, by category, in 2019. The fruits & vegetables segment accounted for a larger share of the North America specialty crops market, by crop type, in 2019.
A few of the major primary and secondary sources referred to while preparing this report on the North America specialty crops market include Diamond Fruit Co.; Harbor Spice Co., Inc.; Olam International; Oregon Spice Company; The Specialty Crop Company; BanaBay Limited; Rice Fruit Company; Fisher Nut Company and SVZ Industrial Fruit & Vegetable Ingredients.
The North America Specialty Crops Market is valued at US$ 124.41 Million in 2019, it is projected to reach US$ 149.63 Million by 2027.
As per our report North America Specialty Crops Market, the market size is valued at US$ 124.41 Million in 2019, projecting it to reach US$ 149.63 Million by 2027. This translates to a CAGR of approximately 2.4 % during the forecast period.
The North America Specialty Crops Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Specialty Crops Market report:
The North America Specialty Crops Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Specialty Crops Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Specialty Crops Market value chain can benefit from the information contained in a comprehensive market report.
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