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Fruit And Nut Farming Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Fruit And Nut Farming Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • January 2021
  • 300 pages
  • ID: 6018818
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major companies in the fruit and nut farming market include Paramount Farming; South Valley Farms; Agriland Farming Co Inc; Farmland Management Services and Braden Farms.

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 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. The market is expected to reach $1163.59 billion in 2025 at a CAGR of 8%.

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, noncitrus fruit and tree nut farming, apple orchards, grape vineyards, strawberry farming, other berry farming and tree nut farming. The fruit and tree nut farming market is segmented into orange groves; citrus groves; and noncitrus fruit and tree nut farming.

Asia Pacific was the largest region in the global fruit and nut farming market, accounting for 61% of the market in 2020. Western Europe was the second largest region accounting for 11% of the global fruit and nut farming market. Eastern Europe was the smallest region 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. For instance, Energid Citrus Picking Robot System picks an orange every two seconds from a tree, thus enhancing productivity and thereby limiting the need for agricultural labor.

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