Asia Pacific Specialty Crops Market Forecast to 2027 – Covid-19 Impact and Regional Analysis - By Category (Organic and Conventional); Crop Type (Fruits and Vegetables, Tree Nuts, Herbs and Spices and Others) and Country
Pages: 63
Market Introduction
Specialty crops are plants that have been intensively cultivated. These crops comprises of fruits & vegetables, dried fruits, tree nuts, nursery crops and horticulture. As the specialty crops are consumed directly, temperature or water stress have a negligible impact on such crops. These crops are used for many food, medical and aesthetic purposes. The susceptibility of contamination of specialty crops during production is enhanced because of the minimum processing post-harvest. The rapid urbanization and the growing population propels the development of the specialty crops market.
Market Overview and Dynamics
The Asia Pacific specialty crops market is expected to reach US$ 574.34 million in 2027 from US$ 470.92 million in 2019. The market is anticipated to grow at a CAGR of 2.5 % from 2020 to 2027. Factors driving the market growth include widening application scope of specialty crops and supportive government measures and free trade policies. However, environmental and trade barriers is likely to have a negative impact on the market growth.
Effect of covid-19 on Asia Pacific specialty crops market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the food and beverages industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. India has the highest number of confirmed cases of the COVID-19 morbidity among all Asia Pacifican countries. This is likely to impact the food and beverages industry in the region due to the disruption of supply and distribution chain in Asia Pacific. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The conventional segment accounted for a larger share of the Asia Pacific specialty crops market, by category, in 2019. The fruits & vegetables segment accounted for a larger share of the Asia Pacific specialty crops market, by crop type, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the Asia Pacific specialty crops market include Olam International; BanaBay Limited; Simped Foods Pty. Ltd., and the Herbs N Spices Company.
Reasons to buy the report
Asia Pacific Specialty Crops Market Segmentation
By Category
By Crop Type
Company Profiles
By Country
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 470.92 Million |
| Market Size by 2027 | US$ 574.34 Million |
| CAGR (2020 - 2027) | 2.5 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Category
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Specialty Crops Market is valued at US$ 470.92 Million in 2019, it is projected to reach US$ 574.34 Million by 2027.
As per our report Asia Pacific Specialty Crops Market, the market size is valued at US$ 470.92 Million in 2019, projecting it to reach US$ 574.34 Million by 2027. This translates to a CAGR of approximately 2.5 % during the forecast period.
The Asia Pacific Specialty Crops Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Specialty Crops Market report:
The Asia Pacific Specialty Crops Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Specialty Crops Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Specialty Crops Market value chain can benefit from the information contained in a comprehensive market report.
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