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Lu - vi, 9:30 - 17:00 h (CET)

Lu - vi, 9:00 - 18:00 h (EST)

Lu - vi, 9:00 - 17:00 h (SGT)

Lu - vi, 10:00 - 18:00 h (JST)

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Key regions: Germany, United States, United Kingdom, Brazil, Italy
The Vegetables Market within the Agriculture sector is witnessing considerable growth globally, influenced by factors such as fluctuating climate conditions, rising production costs, and shifting consumer preferences towards organic and locally sourced produce.
Customer preferences: Consumers are increasingly prioritizing health and sustainability, which is reshaping the Vegetables Market within the Agriculture sector. There is a noticeable shift towards organic and locally sourced vegetables, driven by a growing awareness of the environmental impact of food production and a desire for fresher options. Additionally, younger demographics, particularly millennials and Gen Z, are embracing plant-based diets and innovative cooking methods, further influencing the demand for diverse vegetable offerings that cater to their lifestyle choices and values.
Trends in the market: Globally, the Vegetables Market is experiencing a significant shift towards organic and sustainable farming practices, as consumers increasingly demand transparency in food sourcing. In North America, there is a surge in community-supported agriculture (CSA) initiatives that foster direct connections between consumers and local farmers. In Europe, urban farming is gaining momentum, with cities implementing rooftop gardens and vertical farms to enhance food security. Meanwhile, in Asia, the adoption of innovative agricultural technologies, such as hydroponics and aquaponics, is transforming vegetable production and distribution, catering to the rising health-conscious consumer base. This evolving landscape presents both opportunities and challenges for industry stakeholders, emphasizing the need for adaptation and collaboration to meet changing consumer preferences.
Local special circumstances: In Japan, the Vegetables Market is uniquely shaped by the cultural emphasis on fresh, seasonal produce, driving demand for locally sourced vegetables. The government supports this through subsidies for small-scale farmers, fostering a community-oriented agricultural system. In contrast, in Kenya, the market is influenced by the need for resilience against climate change, prompting innovations in drought-resistant crops and sustainable farming practices. These local factors create distinct market dynamics, highlighting the importance of cultural values and environmental conditions in shaping consumer preferences.
Underlying macroeconomic factors: The Vegetables Market within the Agriculture sector is significantly influenced by macroeconomic factors such as global trade dynamics, national economic stability, and government agricultural policies. Countries with robust economic growth and favorable trade agreements tend to see increased investment in agricultural technology, enhancing productivity and market competitiveness. Conversely, economic downturns can lead to reduced consumer spending and lower demand for premium vegetables. Additionally, fiscal policies that prioritize sustainable farming practices and support for local farmers can stimulate market growth, while climate change and environmental regulations also shape production methods and consumer preferences, creating a complex landscape for the vegetables market.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)