Market Size of Carrots and Turnips Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.10 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Carrots & Turnips Market Analysis
The market for carrots and turnips is anticipated to register a CAGR of 4.1% during the forecast period.
- Carrots are very high in beta-carotene and contain vitamins C and K, potassium, other vitamins and minerals, and dietary fiber. They are popularly used in cooking, salads, and snacks or are consumed raw in almost every household worldwide.
- China is the world's largest producer and exporter of carrots and turnips. The global carrot and turnip production increased to 41.7 million metric ton in 2021, attributed to the rising production in China. Due to extremely cold weather, production did not increase by a greater percentage in 2020. Every importing country has different preferences for carrots and turnips, and the presence of different regions in China that produce varieties has made China an ideal exporter of carrots all year round.
- The increasing demand for baby carrots used as a snack instead of other junk foods, growing demand for organic carrots and carrot juices, and increasing consumer preference for healthy foods and products are some factors that drove the growth of the market over the study period. The rising awareness about the health benefits of carrots is expected to boost the demand for carrots in the coming years. However, factors such as unfavorable weather conditions in the producing countries and lack of infrastructure for storage are expected to restrain the market's growth during the forecast period.
