Carrots And Turnips Market Size (2024 - 2029)

Carrots and Turnips Market Analysis

The Carrots And Turnips Market size is estimated at USD 50.78 billion in 2024, and is expected to reach USD 61.82 billion by 2029, growing at a CAGR of 4.01% during the forecast period (2024-2029).

• The global market for carrots and turnips is driven by their nutritional value, culinary versatility, and consistent demand across various regions. Carrots dominate the market due to their widespread use in fresh, cooked, and processed forms, while turnips cater to niche markets, especially in Europe and Asia. Carrots are very high in beta-carotene and contain vitamins C and K, potassium, other vitamins and minerals, and dietary fiber. They are popularly used in cooking, salads, and snacks or consumed raw in almost every household worldwide.
• Asia-Pacific, led by China, is the largest producer of carrots, benefiting from favorable climates and advanced farming techniques. Turnip production is more geographically concentrated, with significant production in China, Japan, and parts of Europe such as the United Kingdom and France. China is the world's largest producer and exporter of carrots and turnips. The global carrot and turnip production increased to 42.2 million metric tons in 2022, attributed to the rising production in China. Every importing country has different preferences for carrots and turnips, and the presence of different regions in China that produce several varieties has made China an ideal exporter of carrots all year round.
• Carrots are a staple in North America and Europe, with significant demand for fresh and processed products such as baby carrots and carrot juice. The increasing demand for baby carrots as a snack instead of other junk foods, growing demand for organic carrots and carrot juices, and increasing consumer preference for healthy foods and products are some factors driving the growth of the market over the study period. However, factors such as unfavorable weather conditions in producing countries and lack of infrastructure for storage are anticipated to result in fluctuations in the market's growth during the forecast period.

Carrots and Turnips Industry Segmentation

Carrots are orange root vegetables known for their crunchy texture and sweet taste, and they are rich in beta-carotene. Turnips are white and purple root vegetables with a slightly peppery flavor, belonging to the Brassicacae family, and both the root and greens are edible.

The carrots and turnips market is segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report analyzes the production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trends. The report offers the market sizes and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.