Carrots and Turnips Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 50.78 Billion |
| Market Size (2029) | USD 61.82 Billion |
| CAGR (2024 - 2029) | 4.01 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Carrots and Turnips Market Analysis
The Carrots And Turnips Market size is estimated at USD 50.78 billion in 2024, and is expected to reach USD 61.82 billion by 2029, growing at a CAGR of 4.01% during the forecast period (2024-2029).
- The global market for carrots and turnips is driven by their nutritional value, culinary versatility, and consistent demand across various regions. Carrots dominate the market due to their widespread use in fresh, cooked, and processed forms, while turnips cater to niche markets, especially in Europe and Asia. 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 consumed raw in almost every household worldwide.
- Asia-Pacific, led by China, is the largest producer of carrots, benefiting from favorable climates and advanced farming techniques. Turnip production is more geographically concentrated, with significant production in China, Japan, and parts of Europe such as the United Kingdom and France. China is the world's largest producer and exporter of carrots and turnips. The global carrot and turnip production increased to 42.2 million metric tons in 2022, attributed to the rising production in China. Every importing country has different preferences for carrots and turnips, and the presence of different regions in China that produce several varieties has made China an ideal exporter of carrots all year round.
- Carrots are a staple in North America and Europe, with significant demand for fresh and processed products such as baby carrots and carrot juice. The increasing demand for baby carrots 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 driving the growth of the market over the study period. However, factors such as unfavorable weather conditions in producing countries and lack of infrastructure for storage are anticipated to result in fluctuations in the market's growth during the forecast period.
Carrots and Turnips Market Trends
Increasing Demand for Carrots and Turnips Driving the Market
The market for carrots and turnips is being driven by increasing awareness of their health benefits and rising production, along with a focus on increasing productivity. The trend of consuming salads and other lower-calorie foods, as well as the removal of junk food from diets, has also boosted the market for carrots in commercial foods.
In the commercial food segment, baby carrots, which are longer carrots that have been peeled and cut into smaller sizes, are in high demand. The major markets for baby carrots are the United States, Germany, Canada, the United Kingdom, France, and China. The development of the consumer market and the popularity of ready-to-eat packaged foods have led to the invention of baby carrots in the United States. According to a survey by the US Department of Agriculture’s Economic Research Service, the per capita consumption of fresh carrots in the United States increased from 3.67 kg in 2020 to 3.81 kg in 2022.
Companies such as Bolthouse are focusing on replacing carrots and modifying the packaging to make them look like junk foods with much fewer 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. Children in China enjoy baby carrots as a snack, and mothers consider them nutritious. Therefore, the increased awareness and rising consumption are anticipated to boost the demand for carrots and turnips during the forecast period.
Asia-Pacific Dominates the Global Production of Carrots and Turnips
The global consumption of carrots and turnips has significantly increased in recent years. In 2022, Asia Pacific led the production of carrots and turnips. The market for carrots and turnips in Asia-Pacific is expanding due to increased demand for fresh produce, changing dietary habits, and advancements in agricultural technology. China, India, and Japan are among the largest producers of these vegetables among Asia-Pacific countries, with China alone accounting for 44.4% of global carrot production in 2022.
Carrot production areas are widespread throughout China, with production seasons in Sichuan, Guizhou, Henan, Anhui, and Shandong following each other in succession. Chinese carrots hold a strong competitive position in the global market due to stable year-round supply and competitive pricing. According to the Food and Agriculture Organization, the area harvested for carrots in China increased from 3,99,927 ha in 2020 to 4,01,526.71 ha in 2022. The increase in area is associated with the rise in the demand for consumption and the availability of high-yielding varieties in the country. Thus, the area under cultivation in these countries and the increase in production are the factors anticipated to boost the Asia-Pacific market's growth during the forecast period.
Carrots and Turnips Market News
August 2023: Takii Seeds introduced a new variety of winter carrots called Fuyu Chiaki. These carrots are well-adapted to winter conditions and exhibit good cold resistance. Additionally, they can thrive in a wide range of soils, making them a versatile choice for farmers.
June 2023: Enza Zaden acquired the carrot breeding program from German company Carosem. This strategic acquisition was aimed at expanding Enza Zaden's Carrot portfolio by incorporating carrot seeds with several commercial varieties and inventories.
June 2020: The US Department of Agriculture’s (USDA) 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.
Carrots and 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 and Turnips Industry Segmentation
Carrots are orange root vegetables known for their crunchy texture and sweet taste, and they are rich in beta-carotene. Turnips are white and purple root vegetables with a slightly peppery flavor, belonging to the Brassicacae family, and both the root and greens are edible.
The carrots and turnips market is segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report analyzes the production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trends. The report offers the market sizes and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.
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Carrots and Turnips Market Research FAQs
How big is the Carrots And Turnips Market?
The Carrots And Turnips Market size is expected to reach USD 50.78 billion in 2024 and grow at a CAGR of 4.01% to reach USD 61.82 billion by 2029.
What is the current Carrots And Turnips Market size?
In 2024, the Carrots And Turnips Market size is expected to reach USD 50.78 billion.
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 Asia Pacific accounts for the largest market share in Carrots And Turnips Market.
What years does this Carrots And Turnips Market cover, and what was the market size in 2023?
In 2023, the Carrots And Turnips Market size was estimated at USD 48.74 billion. 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.
