Carrots & Turnips Market Size
| 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 |
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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 Market Trends
This section covers the major market trends shaping the Carrots & Turnips Market according to our research experts:
Increasing Demand for Carrots
The increasing awareness of the usage of carrots and turnips in the diet among the health-conscious population in the world and the rising production of carrots with a focus on increasing productivity are likely to drive the market during the forecast period. The increasing trend of consuming salads and other lower-calorie foods and removing junk food from diets have also boosted the market for carrots in commercial foods.
Baby carrots are sold in the commercial food segment. They are longer carrots that have been peeled and cut into smaller sizes. The major demand for baby carrots is in the United States, Germany, Canada, the United Kingdom, France, and China. The development of the consumer market and the rapid increase in the popularity of ready-to-eat packaged foods have led to the invention of baby carrots in the United States.
Companies such as Bolthouse focus on replacing carrots and modifying the packaging to have them resemble junk foods with much lower calories and better nutrition. Bolthouse Farms and Grimmway Farms are the leading producers of baby carrots in the United States. The market for baby carrots is also growing rapidly in China due to the rising awareness of the benefits of consuming raw baby carrots, thus increasing overall baby carrot consumption. Children in China like baby carrots as a snack, and mothers consider them as nutritious. Thus, the increased awareness and rising consumption trend of baby carrots are expected to boost the demand for carrots during the forecast period.
North America Dominates the Market
The global consumption of carrots has shown a considerable increase in recent years. North America led the carrots and turnips market in 2022. Canada and the United States are the major markets for carrots in the region. The United States is a major carrot-producing country and among the largest carrot producers in the world. California is the biggest carrot-producing state in the country, contributing an 85% share of the carrots produced. Texas and Michigan are other states with significant carrot production in the United States.
Carrots are among the top-most freshly consumed vegetables in the country. The per capita consumption of carrots significantly increased in the United States, from 7.4 pounds in 2018 to 8.5 pounds in 2019. A major part of the country's demand for carrots and turnips is met by local production, while the rest is met through imports. The US import of carrots by volume reached 240,927.0 metric ton in 2021 from 209,784.0 metric ton in 2018. Thus, the rising consumption of carrots in the country is expected to boost the market's growth during the forecast period.
Carrots & Turnips Market News
- June 2020: The US Department of Agriculture (USDA)'s Agricultural Marketing Service (AMS) revised the US Standards for Grades of Topped Carrots, US Standards for Grades of Bunched Carrots, and US Standards for Grades of Carrots with Short Trimmed Tops. AMS added more US No. 1 Grades to accommodate carrots of colors other than orange, orange red, and orange scarlet. The old US No. 1 Grades followed before 2020 will remain unchanged. It also removed the Unclassified Section.
- March 2020: Bolthouse Farms acquired carrot operations of Rousseau Farming Company to strengthen its position as an Innovation Leader in growing, processing, and distributing locally grown carrots.
Carrots & Turnips Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 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)
5.1.1 North America
5.1.1.1 United States
5.1.1.2 Canada
5.1.2 Europe
5.1.2.1 Germany
5.1.2.2 France
5.1.2.3 Poland
5.1.2.4 Ukraine
5.1.2.5 United Kingdom
5.1.2.6 Russia
5.1.3 Asia-Pacific
5.1.3.1 China
5.1.3.2 Japan
5.1.3.3 India
5.1.3.4 Australia
5.1.3.5 Indonesia
5.1.3.6 Uzbekistan
5.1.4 South America
5.1.4.1 Argentina
5.1.4.2 Chile
5.1.5 Middle East and Africa
5.1.5.1 South Africa
5.1.5.2 Egypt
5.1.5.3 Saudi Arabia
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
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.
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Carrots & Turnips Market Research 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).
Which region has the biggest share in Carrots and Turnips Market?
In 2024, the North America accounts for the largest market share in Carrots and Turnips Market.
What years does this Carrots and Turnips Market cover?
The report covers the Carrots and Turnips Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Carrots and Turnips Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Carrots and Turnips Industry Report
Statistics for the 2024 Carrots and Turnips market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Carrots and Turnips analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
