The Vegetable Farming Global Market Report 2023, provides comprehensive information on the vegetable farming market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Vegetable Farming Global Market Report 2023, the market size is expected to grow from $1,568.89 billion in 2022 to $1,687.73 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vegetable farming market size is expected to reach $2,240.89 billion in 2027 at a CAGR of 7.3%.
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Technological advancements is a key trend gaining the popularity in the vegetable farming market. Major market players are concentrating their efforts on creating innovative technologies for vegetable farming in order to eradicate manpower shortage and for time saving. For example, In Oct 2021, Rijk Zwaan, a Netherlands based vegetable breeding company, has launched Artificial intelligence in order to accelerate the breeding process to provide growers faster access to new vegetable varieties. With this launch company has annual turnover of €498 million in its 2020/2021 financial year, equating to 4% growth compared with the previous year.
The vegetable farming market is segmented:
1) By Type: Growing Vegetable Crops, Producing Vegetable Seeds
2) By Application: Household, Commercial
Asia-Pacific was the largest region in the vegetable farming market in 2022.
The table of contents in TBRC’s vegetable farming market report includes:
- Executive Summary
- Vegetable Farming Market Characteristics
- Vegetable Farming Market Trends And Strategies
- Vegetable Farming Market – Macro Economic Scenario
- Vegetable Farming Market Size And Growth
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- Africa Vegetable Farming Market
- Vegetable Farming Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Vegetable Farming Market
- Vegetable Farming Market Future Outlook and Potential Analysis
- Appendix
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