Market Size of Carrots and Turnips Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.10 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Carrots & Turnips Market Analysis
The market for carrots and turnips is anticipated to register a CAGR of 4.1% during the forecast period.
- 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 are consumed raw in almost every household worldwide.
- China is the world's largest producer and exporter of carrots and turnips. The global carrot and turnip production increased to 41.7 million metric ton in 2021, attributed to the rising production in China. Due to extremely cold weather, production did not increase by a greater percentage in 2020. Every importing country has different preferences for carrots and turnips, and the presence of different regions in China that produce varieties has made China an ideal exporter of carrots all year round.
- The increasing demand for baby carrots used 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 that drove the growth of the market over the study period. The rising awareness about the health benefits of carrots is expected to boost the demand for carrots in the coming years. However, factors such as unfavorable weather conditions in the producing countries and lack of infrastructure for storage are expected to restrain the market's growth during the forecast period.
Carrots & Turnips Industry Segmentation
Carrot is a root vegetable that is among the top 10 most eaten vegetables in the world. It is also grown for its stem and leaves and is native to Europe and southwestern Asia.
The carrots and turnips market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The report analyzes the production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trend analysis. The report offers the market size and forecasts in terms of value in USD million and volume in metric ton for all the above segments.
| Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis) | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Carrots and Turnips Market Size Summary
The carrots and turnips market is poised for steady growth, driven by increasing consumer awareness of their health benefits and a shift towards healthier eating habits. Carrots, rich in beta-carotene, vitamins, and dietary fiber, are a staple in households worldwide, often used in various culinary applications. China stands as the leading producer and exporter, benefiting from its diverse regional varieties and year-round production capabilities. The market is further bolstered by the rising demand for baby carrots, particularly in regions like North America and parts of Europe, where they are favored as nutritious snacks. Despite challenges such as adverse weather conditions and storage infrastructure issues, the market's expansion is supported by the growing trend of organic and ready-to-eat packaged foods.
In North America, particularly the United States, the consumption of carrots has seen a significant uptick, with local production meeting a substantial portion of the demand. California leads in carrot production, with other states like Texas and Michigan contributing significantly. The US market is also characterized by a robust import activity, ensuring a steady supply to meet the rising consumption levels. The market dynamics are influenced by regulatory updates, such as the USDA's revisions to carrot grading standards, which aim to accommodate a broader range of carrot colors. Companies like Bolthouse Farms are innovating in packaging and product offerings to align with consumer preferences for healthier snack alternatives, further driving market growth.
Carrots and Turnips Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Value Chain Analysis
-
-
2. MARKET SEGMENTATION
-
2.1 Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis)
-
2.1.1 North America
-
2.1.1.1 United States
-
2.1.1.2 Canada
-
-
2.1.2 Europe
-
2.1.2.1 Germany
-
2.1.2.2 France
-
2.1.2.3 Poland
-
2.1.2.4 Ukraine
-
2.1.2.5 United Kingdom
-
2.1.2.6 Russia
-
-
2.1.3 Asia-Pacific
-
2.1.3.1 China
-
2.1.3.2 Japan
-
2.1.3.3 India
-
2.1.3.4 Australia
-
2.1.3.5 Indonesia
-
2.1.3.6 Uzbekistan
-
-
2.1.4 South America
-
2.1.4.1 Argentina
-
2.1.4.2 Chile
-
-
2.1.5 Middle East and Africa
-
2.1.5.1 South Africa
-
2.1.5.2 Egypt
-
2.1.5.3 Saudi Arabia
-
-
-
Carrots and Turnips Market Size FAQs
What is the current Carrots and Turnips Market size?
The Carrots and Turnips Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Which is the fastest growing region in Carrots and Turnips Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
