Market Size of Carrots and Turnips Industry
![Carrots and Turnips Market Summary](https://s3.mordorintelligence.com/carrots-and-turnips-market/1648474386446_carrots-and-turnips-market_Market_Summary.webp)
Study Period | 2018- 2028 |
Base Year For Estimation | 2022 |
Forecast Data Period | 2024 - 2028 |
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 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 and Turnips Market Size Summary
The carrot and turnip market is projected to experience steady growth in the coming years. The popularity of these vegetables can be attributed to their rich nutrient profile, including high levels of beta-carotene, vitamins C and K, potassium, and dietary fiber. Carrots and turnips are widely consumed in various forms worldwide, whether in cooking, salads, snacks, or raw. China is recognized as the largest producer and exporter of these vegetables, with its diverse regions allowing for year-round production. The market's growth is driven by factors such as the rising demand for baby carrots as a healthier snack alternative, growing interest in organic carrots and carrot juices, and increasing consumer preference for nutritious foods. In terms of market trends, there is a growing awareness of the health benefits of including carrots and turnips in the diet, particularly among the health-conscious population. This has boosted the demand for these vegetables, especially in the commercial food sector where they are used in salads and other low-calorie dishes. Baby carrots, in particular, have seen a surge in popularity in countries like the United States, Germany, Canada, the United Kingdom, France, and China. Notably, companies like Bolthouse Farms and Grimmway Farms are leading the production of baby carrots in the U.S., with innovative packaging designs that position them as a healthier alternative to junk food. However, the market's growth may be hampered by challenges such as unfavorable weather conditions in producing countries and a lack of storage infrastructure.
Explore MoreCarrots and Turnips Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 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)
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.2 Canada
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2.1.2 Europe
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2.1.2.1 Germany
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2.1.2.2 France
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2.1.2.3 Poland
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2.1.2.4 Ukraine
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2.1.2.5 United Kingdom
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2.1.2.6 Russia
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2.1.3 Asia-Pacific
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2.1.3.1 China
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2.1.3.2 Japan
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2.1.3.3 India
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2.1.3.4 Australia
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2.1.3.5 Indonesia
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2.1.3.6 Uzbekistan
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2.1.4 South America
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2.1.4.1 Argentina
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2.1.4.2 Chile
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2.1.5 Middle East and Africa
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2.1.5.1 South Africa
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2.1.5.2 Egypt
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2.1.5.3 Saudi Arabia
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Carrots and Turnips Market Size FAQs
What is the current Carrots and Turnips Market size?
The Carrots and Turnips Market is projected to register a CAGR of 4.1% during the forecast period (2023-2028).
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 (2023-2028).