Fruit & nut farming market involves establishments mainly engaged in growing fruit & tree nut crops. Fruits & nuts are primarily used as a human food. Fruit & tree nut production deals with the exhaustive culture of perennial plants, fruits of which have economic significance. This market is comprised of citrus fruit groves, noncitrus fruit & nut farming, orange groves, apple orchards, strawberry farming, grape vineyards and other berry farming & tree nut farming.
As per analysis, “Fruit And Nut Farming Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global fruit & nut farming market include South Valley Farms; Paramount Farming; Agriland Farming Co Inc; Braden Farms; Farmland Management Services and among others. Renowned players are engaged in developing a variety of products variants to amplify their market share as well as gain traction in the global marketplace. They are also expected to remain active in the fruit & nut faming market during the forecasting period. Players are engaging in strategic acquisitions like application dominance, product launches, Research & Development (R&D), agreements, product width & breadth, and collaborations to gain the market share.
By type, fruit & nut farming market can be segregated as citrus groves, orange groves and non-citrus fruit & tree nut farming. By application, market can be segregated as convenience stores, hypermarket/supermarket and others. In addition, by farming process, market can be segregated as traditional farming and organic fruit & nut farming.
Increase in inclination towards the vigorous lifestyle, followed by rise in demand from wineries, increase in preferences of the consumer towards healthy lifestyle, growth in consumption of healthy food products, increase in per capita consumption of fruits, and surge in number of initiatives taken by government & several other private corporate for creating awareness are some major factors, which are responsible for growth of the fruit & nut farming market. Apart from this, increase in occurrences of nut allergies and volatility in the prices of product may impact the market. Moreover, rise in demand from canned fruit & nut processing and increase in consumer preference towards the plant-based beverages are leading opportunities for market.
Based on regional analysis, the Asia-Pacific is a leading region in global fruit & nut farming market owing to rise in demand for advanced agriculture tools in various countries and increase in levels of disposable income of the people across the region. The North-America and Europe regions are estimated to witness higher CAGR due to rise in prevalence of various market players, increase in support from government that contributes to purchases of latest industry products coupled with rise in awareness to purchase higher priced fresh fruits rather than processed varieties over the forecast period. It is predicted that future of the global fruit & nut farming market will be bright as a result of growth in utilization of fruits & nuts as an ingredient in a number of processed food products in the dairy, bakery & confectionery, and snacks sectors during the forecast period.
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Ankur Gupta, Head Marketing & Communications