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/EIN News/ — PHOENIX, Oct. 26, 2022 (GLOBE NEWSWIRE) — A Qualitative Research Study accomplished by Data Bridge Market research’s database, titled “Specialty Crop Market” with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. The information and data cited in this Specialty Crop Market report is collected from trustworthy sources such as websites, journals, mergers, and annual reports of the companies. This collected information is checked and verified by market experts before presenting it to the end user. The competitive analysis is also performed in this report which covers a strategic profiling of key market players, their core competencies, and the competitive landscape of the market which aids businesses characterize their individual strategies. This is the most pertinent, unique, fair, and commendable market research report framed by focusing on specific business needs.
Data Bridge Market Research analyses that the global specialty crop market is expected to reach the value of USD 1,195,570.37 million by 2029 with a CAGR of 4.6% during the forecast period.
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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.
Advancements in agricultural technology
Innovative agricultural technological developments are reshaping farming practices and opening up new prospects. This has altered the way crops are raised and produced more effective ways to manage resources. Technology has an unquestionable impact on agriculture today. Researchers and engineers are always putting in a lot of effort to create new technologies that address issues with farming and crop production. There is a need for increased automation in specialty crop production, particularly in response to rising labor costs and the possibility of labor shortages. To solve these issues, technological advancements are being made, along with methods for collecting and sharing data in innovative formats. Technologies such as hi-tech farming, AI technology in agriculture, robotics, drones, sensors, and various other technologies will boost production and make farming more efficient, which will help in the growth of the global specialty crop market to expand.
Some of the major players operating in the Specialty Crop market are:
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The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Specialty Crop market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Specialty Crop Market
Market Dynamics: Specialty Crop Market
The global market for specialty crop 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. Many pioneers, regardless of industry, have considered this driver and 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 Tran’s 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.
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 your food survives the journey. Veganism is also a nonviolent lifestyle choice. People’s increased health consciousness leads them to include more healthful items in their diets, such as medicinal herbs, spices, and nuts.
Recent Developments:
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Challenges
Climate change is affecting food system sustainability by influencing farmer livelihoods, consumer choices, and food security through changes in the natural and human components of agroecosystems. Annual precipitation and heavy rainfall events are becoming more common, especially in the spring. An excessive amount of spring rain slows crop establishment, interrupts planting, increases the prevalence of several fungal and bacterial crop diseases, and might cause labor problems due to the delaying of field operations. Variations in temperature and precipitation have a direct impact on the quantity and quality of specialty crop production and an indirect impact on the scheduling of important farm operations and the economic effects of pests, weeds, and diseases. Adverse weather conditions also hamper the supply chain and transportation of fruits and vegetables.
Furthermore, temperature increases cause faster crop growth, resulting in shorter cropping seasons and lower yields. An increase in tropospheric (or ground-level) ozone leads to an increase in oxidative stress in plants, which inhibits photosynthesis and slows plant growth. Extreme events, especially floods and droughts, can harm crops and reduce yields which will ultimately effect the specialty crop market.
Key Industry Segmentation: Specialty Crop Market
Crop Type
Nature
Application
Regional Analysis/Insights: Specialty Crop Market
The countries covered in the specialty crop market report are the U.S., Canada, Mexico, Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and rest of Europe, China, Japan, India, Australia, Singapore, Indonesia, Thailand, South Korea, Malaysia, Philippines, and rest of Asia-Pacific, Saudi Arabia, South Africa, Egypt, U.A.E, Israel, Rest of Middle East & Africa, Brazil, Argentina, and Rest of South America.
In 2022, Asia-Pacific is expected to dominate the global specialty crop market due to growing awareness about special crop health benefits, which is the major reason for the growth specialty crop market in Asia-Pacific.
Table of Contents:
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