The organic vegetable farming market consists of production and sales for organic vegetables and related services. Organic farming refers to the method of crop production that involves the use of biologicals materials in order to prevent the use of synthetic pesticides, genetically modified organisms, antibiotics, and fertilizers. Organic farming provides high-quality and healthy food to humans together with protecting the environment from pollution, soil degradation, and erosion to optimize biological productivity.
The global vegetable farming market is expected to grow from $7.13 billion in 2019 and to $7.57 billion in 2020 at a compound annual growth rate (CAGR) of 6.3%. The growth is stable due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. However North America registered a strong growth even during the Covid outbreak. The market is then expected to recover and reach $9.53 billion in 2023 at CAGR of 7.96%.
