The Global Fruit And Nut Farming Market Will Reach $1 Trillion By 2022
The fruit and nut farming market expected to reach a value of nearly $1 trillion by 2022, significantly growing at a growth rate of around 6% during the forecast period. The growth in the fruit and nut farming market is due to low interest rate environment, increasing population and global economic growth.
However, the market for fruit and nut farming is expected to face certain restraints from several factors such as weak wage growth in developed economies and reduction in free trade.
The fruit and nut farming market is segmented as follows:
By Type - The fruit and nut farming market is segmented into orange groves, citrus groves, noncitrus fruit and nut farming.
By Geography - The global fruit and nut farming is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific fruit and nut farming market accounts the largest share in the global fruit and nut farming market.
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The fruit and nut farming market consists of sales of fruits and nuts farming by entities (organizations, sole traders and partnerships) that grow and harvest fruit and nut farming crops. The market includes sales of the produce of orange groves, other citrus fruit groves, noncitrus fruit and nut farming, apple orchards, grape vineyards, strawberry farming, other berry farming and nut farming.
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The agriculture market, of which the fruit and nut farming market is a segment consists of sales of animal and crop produce and other support services by entities (organizations, sole traders and partnerships) that produce animal produce, crops and rural activities. Agriculture involves the cultivation of plants, and animal and bird rearing for food, fabrics, fibres, bio-fuel, medicinal and other products used to sustain and enhance human life. This market also includes horticulture and aquaculture. This market excludes proceeds from captive (internal) consumption of the agriculture and forest produce for further processing.
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The fruit and nut farming market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast growth by geography. It places the market within the context of the wider agriculture market, and compares it with other markets.