Carrot and Turnips Market: Analysis and Forecast (2024-2030), Trade Sta3istics, Dynamics, Segmentation

Carrot and Turnips Market Overview

Carrots and turnip are both root vegetables. Carrots contain a lot of beta carotene, as well as Vitamin C, Vitamin K, potassium, other vitamins and minerals, and dietary fiber. They are typically orange in color, but other cultivars are available. They are a popular cooking vegetable, salad ingredient, snack food, and raw vegetable that is used or consumed in almost every household worldwide. Turnips, on the other hand, are white in color and are most commonly grown in temperate climates around the world.

 

Turnips contain a high concentration of calcium, phosphorus, potassium, sodium, and magnesium. They contain vitamin C, folate, and niacin among others. These vegetables are high in fiber, low in calories, and typically inexpensive, making them an obvious choice for any healthy diet. Young turnip roots are eaten raw in salads or pickled, and the young leaves may be cooked and served. The roots are also cooked and served whole or mashed and are used in stews. China is the globally the largest producer of carrots and turnips and it is also the largest consumer of carrots and turnips.

 

 

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Carrot and Turnips Market Dynamics

The growth of the consumer market, as well as the rapid rise in popularity of ready-to-eat packaged foods, has resulted in the invention of baby carrots in the United States.

Baby carrots are simply pieces of a fully grown, regular adult carrot that have been machine-cut into two-inch fragments. After being cut up, another machine rounds off the edges, making the carrots look like the ones you buy at the grocery store. Baby carrots are in high demand in the United States, Germany, Canada, the United Kingdom, France, and China. In 2019, baby carrots accounted for 54 % of the US carrot market. The major producers of baby carrots in the US are Bolthouse Farms and Grimmway Farms.

 

Bolthouse launched the test campaign " Baby Carrots - Eat Em Like Junk Food " in 2019 with the goal of replacing carrots and modifying the packaging to make them resemble junk foods with far fewer calories and better nutrition. The market for baby carrots is also expanding rapidly in China, owing to increased awareness of the benefits of eating raw baby carrots, which is increasing overall baby carrot consumption. Baby carrots are popular as a snack among Chinese children, and mothers regard them as nutrient supplements for their children. As a result, increased awareness and rising consumption of baby carrots are expected to boost carrot demand during the forecast period.

 

Over the long term, the food and beverages industry are set to experience a few structural changes in forecasted period due to the increased consciousness of consumers in selecting the food. This inclination towards sustainable, regenerative, plant-based, and immunity-boosting food and beverages is augmenting the demand for the segment.

• Rising demand for baby carrots as a snack instead of other junk foods.
• Rising demand for organic carrots and carrot juice.
• Rising health consciousness are some of the factors expected to drive market growth over the forecast period.
• Demand for snack carrots is increasing in developed countries such as the United States and Europe.
• Carrots are high in vitamins and minerals and low in fat and calories. Carrot demand is expected to rise in the coming years as people become more aware of their health benefits.

 

Factors such follows are expected to restrain the market growth during the forecast period.

• Unfavorable weather conditions in the producing countries which results in reduced production of carrots and turnips.
• Lack of infrastructure for storage of carrots and turnips.
• Lack of proper transportations and logistics are a challenge while maintaining the shelf life of carrots.

 

Carrot and Turnips Market Trade

• Carrots and turnips, fresh or chilled, were the world's 1586th most traded product in 2020, with a total trade value of USD 1.37 billion. Carrot and turnip exports, fresh or chilled, fell by -5.86 % between 2019 and 2020, from USD 1.46 billion to USD 1.37 billion. Carrot and turnip trade, fresh or chilled, accounts for 0.0082 % of total world trade.
• China (USD 337 million), the Netherlands (USD 160 million), the United States (USD 114 million), Spain (USD 86.5 million), and Italy (USD 77.9 million) were the top fresh or chilled carrot and turnip exporters in 2020.
• Germany (USD 170 million), the United States (USD 112 million), Canada (USD 107 million), France (USD 98.6 million), and Vietnam (USD 88.9 million) were the top importers of fresh and chilled carrots and turnips in 2020.

 

Carrot and Turnips Market Segment Analysis

The Carrot and Turnip market is segmented on the basis of volume, and by region. On the basis of volume, the Global Carrot and Turnip market is further segmented by imports and exports by regions and countries. Here the market is segmented into five major regions, North America, Asia Pacific, South America, Europe, Middle East and Africa.

 

 

The market for carrots and turnips is Asia Pacific region is growing because of constant consumption in the region, whereas the other regions have had more of a seasoned market in the past which is now changing in the forecasted period.

 

China is the world's largest producer and exporter of carrots and turnips. It is the leading producer of carrots and turnips in the world, accounting for nearly 48.2 % of total output. The increase in carrot and turnip production is estimated to be 43 million metric tonnes, with production in China accounting for the majority of the increase. Every importing country has a different preference for carrots and turnips, and the presence of different production regions in China producing various varieties has made it an ideal exporter of carrots all year round. The growing demand for carrots and turnips in China is encouraging producers to increase production globally.

 

Carrots are primarily sold in Canada and the United States in the North American region. The United States is a major carrot producer and one of the world's largest carrot producers. California is the largest carrot-producing state in the country, accounting for roughly 85 % of total carrot production. Texas and Michigan are two other states in the United States that produce a significant number of carrots. Carrots are one of the most popular fresh vegetables in the country. Carrot consumption per capita in the United States increased significantly from 7.4 pounds in 2017 to 8.5 pounds in 2019. Local production meets a large portion of the country's carrot and turnip demand, while imports meet the remainder. Carrot imports to the United States increased by 209,784.0 metric tonnes in 2017 to 240,927.0 metric tonnes in 2023. As a result, rising carrot consumption in the country is expected to drive market growth during the forecast period.

 

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.

 

The Global Carrot and Turnip market report's goal is to provide industry stakeholders with a comprehensive analysis of the Global Carrot and Turnips market. The report identifies the dominant trends in the Global Carrot and Turnips market and how these trends will impact new business investments and market development over the forecast period. The Global Carrot and Turnip market report also assists in understanding the Global Carrot and Turnips Market dynamics and competitive structure by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Carrot and Turnips market report will assist in understanding which market segments, regions, and factors affecting the market, as well as key opportunity areas, will drive the industry and market growth over the forecast period (2024-2030). The report also includes the competitive landscape of the industry's key players, as well as their recent developments in the Global Carrot and Turnips market. The report investigates the key players in the Global Carrot and Turnips market in terms of Production size, market share, market growth, revenue, and profits.

 

 

The report includes Porter's Five Force Model, which aids in the development of market business strategies. The report assists in determining the number of competitors, who they are, and the quality of their products in the Global Carrot and Turnips Market. The report also examines whether it is easy for a new player to gain a foothold in the Global Carrot and Turnips Market, whether they enter or exit the market on a regular basis, whether the market is dominated by a few players, and so on.

 

A PESTEL Analysis, which aids in the development of company strategies, is also included in the report. Political factors influence how much a government can influence the Global Carrot and Turnip Market. Economic variables aid in the analysis of economic performance drivers influencing the Global Carrot and Turnip Market. Legal factors aid in understanding the impact of the surrounding environment and the impact of environmental concerns on the Global Carrot and Turnips Market.

 

Carrot and Turnips Market Scope

Carrot and Turnips Market
Market Size in 2023	USD 50.12 Mn.
Market Size in 2030	USD 66.84 Mn.
CAGR (2024-2030)	4.2 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
	by Volume Imported Exported
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Carrot and Turnips Market Key Players

The key players operating in the Global Carrot and Turnip Industry are

• Suttind Seeds (India)
• Premium Fresh
• Groupe Vegco (Canada)
• Jung Seeds (USA)
• Willowbrook Foods (UK)
• Charles Hard Seed company (USA)