Global Fruit And Nut Farming Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
25 Mar, 2021
The fruit and nut farming market consists of sales of fruits and tree nuts by entities (organizations, sole traders and partnerships) that grow and harvest fruit and tree nut crops including fruits such as oranges, grapes, apples, and bananas, and tree nuts such as almonds, walnuts, and pecans. The market includes sales of the produce of orange groves, other citrus fruit groves, noncitric fruit and tree nut farming, apple orchards, grape vineyards, strawberry farming, other berry farming and tree nut farming.
Global Fruit And Nut Farming Market Size And Drivers:
The global fruit and nut farming market is expected to grow from $822.52 billion in 2020 to $851.66 billion in 2021 at a compound annual growth rate (CAGR) of 3.5%. The market is expected to reach $1.16 trillion in 2025 at a CAGR of 8%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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Trends In The Global Fruit And Nut Farming Market
Shortage of labor and increasing demand for advanced agriculture tools in many countries is driving the demand for agriculture robots or agribots. Agribots are used in farmlands for pruning, weeding and spraying pesticides and herbicides. They are connected to tractors for spraying water, seeds, pesticides, nutrients and harvesting.
Global Fruit And Nut Farming Market Segments:
The global fruit and nut farming market is further segmented based on type, application, farming process and geography.
By Type: Orange Groves, Citrus Groves, Noncitric Fruit And Tree Nut Farming.
By Application: Hypermarkets/Supermarkets, Convenience Stores, Others.
By Farming Process: Organic Fruit And Nut Farming, Traditional Farming.
By Geography: The global fruit and nut farming market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global fruit and nut farming market, accounting for 61% of the total market.
Read More On The Report For The Global Fruit And Nut Farming Market At:https://www.thebusinessresearchcompany.com/report/fruit-and-nut-farming-global-market-report-2020-30-covid-19-impact-and-recovery
Fruit And Nut Farming Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides fruit and nut farming market overviews, analyzes and forecasts market size and growth for the global fruit and nut farming market, fruit and nut farming market share, fruit and nut farming market players, fruit and nut farming market segments and geographies, fruit and nut farming market’s leading competitors’ revenues, profiles and market shares. The fruit and nut farming market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.