Global Carrots & Turnips Market Forecasts to 2024 | Baby Carrots are Gaining Popularity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 23, 2019--
The “Global Carrots and Turnips Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The global production of carrots and turnips was 44.3 million metric ton in 2018 and is expected to register a CAGR of 3.4% during the forecast period (2019-2024).
The demand for carrots and turnips has increased in the year 2017 globally, especially in the China due to the fact that it is purchased for home use. In US demand is increasing due to the popularity of baby carrots being used as a snack instead of other junk foods. The major importers of carrots and turnips are Germany, Canada and US.
Key Market Trends
Trend of Baby Carrots Gaining Popularity
The development of the consumer market and rapid increase in popularity of ready-to-eat packaged foods led to invention of baby carrots in US. These are made from longer carrots that have been peeled and cut into smaller size. The major demand of baby carrots is in US, Germany, Canada, UK, France, and China. Bolthouse farms and Grimmway farms are leading producers of baby carrot in US. The campaign by Bolthouse focused on replacing carrots and modifying the packaging to have it resemble junk foods with much lower calories and better nutrition.
China - The Largest Carrots and Turnips Producer and Exporter
China is the largest producer and exporter of carrots and turnips in the world. The increase of the global carrot and turnip production is approximately 43 million metric ton, which can be attributed to production in China. Due to extreme cold weather, production did not increase by a greater percentage in 2017. Every export county has different carrots and turnips preference and presence of variety of production region markets makes China is an ideal exporter of carrots all year round.
The main carrot producing regions in China are Shandong, Mongolia, and Hebei. The major countries that import carrots and turnips from the China in terms of value, as of 2017, are Vietnam (USD 76,308 thousand) Hong Kong, China (USD 72,436 thousand) Korea, Republic of (USD 69,278 thousand), Japan (USD 45,890 thousand), Thailand (USD 34,545 thousand), among others.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness - Porter’s Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of Substitute Products
4.5.4 Threat of New Entrants
4.5.5 Competitive Rivalry
5 MARKET SEGMENTATION
5.1.1 North America
18.104.22.168.1 Production Analysis
22.214.171.124.2 Consumption Analysis and Market Value
126.96.36.199.3 Import Market Analysis (Volume and Value)
188.8.131.52.4 Export Market Analysis (Volume and Value)
184.108.40.206.5 Price Trend Analysis
5.1.4 South America
6 PROCUREMENT REFERENCE MATRIX
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/ihsyom
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INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 10/23/2019 06:45 AM/DISC: 10/23/2019 06:45 AM