Taro Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The global taro market report offers the consumption, production, import, export, growth factors, the impact of COVID-19, value chain, and outlook to 2025. The market is segmented by North America, Europe, South America, Asia-Pacific, and Middle East & Africa.

Market Snapshot

taro-market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The taro market is projected to register a CAGR of 3.5% during the forecast period. Taro is the most widely cultivated species in the family Araceae which is used as a vegetable. Countries such as United States, Vietnam, Japan, and New Zealand are the key import market. Major producing countries are China,Papua New Guinea, Nigeria, Ghana, and Cameroon.. Globally, North America is dominating the taro imports, for instance in 2019, the United States imported 38.9% of the total taro imports. Rising demand from North America and Asia-Pacific countries is driving the taro production. In 2017, taro production was 10,529,092 tons which are increased to 10,639,850 tons in 2018.

Scope of the Report

Coco yam or Taro is a common name for the corms and tubers of several plants in the Araceae family. Of these, Colocasia esculenta (L.) Schott, commonly known as dasheen and eddo, is the most widely cultivated. For the purpose of the report, taro is defined as one of the edible aroids distributed throughout the world, particularly in tropical regions. The report covers the production, consumption, and trade analysis of taro across the world.

Geography
North America
United States
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Canada
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Europe
France
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Germany
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Poland
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Russia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Chile
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Asia-Pacific
China
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Japan
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Malaysia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Australia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
India
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
South America
Brazil
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Argentina
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Middle East And Africa
Turkey
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
South Africa
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis

Report scope can be customized per your requirements. Click here.

Key Market Trends

Strong Growth in the Taro Production

Taro has a higher nutritive value than most other root and tuber crops. Both corms and leaves contain good-quality protein and are good sources of phosphorus, potassium, calcium, and readily available iron. Due to its nutritional benefit, the demand of the taro is increasing across the globe. To satisfy the rising demand, farmers are increasing the area cultivated under taro. From 2011-2018, global taro production increased by 11.8%. In 2018, global production was 10,639.8 metric ton. During the same year, nearly 86.3% of the global production dominated by major producing countries such as China,Papua New Guinea, Nigeria, Ghana, and Cameroon.

taro-market

North America is Dominates the Global Imports

In 2019, Global import value was valued at USD 179,309 thousand which was increased by 17% as compared to 2018. In 2019, Countries such as the United States and Canada were among the major importing countries. In 2019, the United States imported taros of worth USD 69,670 thousand depicting 38.9% of the global imports. Ecuador, Mexico, Costa Rica are the major exporting countries to the United States. In 2019, Ecuador exported USD 36,824 thousand worth taros to the United States, Mexico exported USD 9,965 worth taros and the exports from Costa Rica were valued at USD 5,854 thousand. Moreover, the high nutritional value of cocoyam could be explored in new markets in Europe and the United States of America, to substitute for other vegetables such as spinach, with such convenient products

taro-market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

          1. 5.1.1.1.1 Production Analysis

          2. 5.1.1.1.2 Consumption Analysis and Market Value

          3. 5.1.1.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.1.1.5 Price Trend Analysis

        2. 5.1.1.2 Canada

          1. 5.1.1.2.1 Production Analysis

          2. 5.1.1.2.2 Consumption Analysis and Market Value

          3. 5.1.1.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.1.2.5 Price Trend Analysis

      2. 5.1.2 Europe

        1. 5.1.2.1 France

          1. 5.1.2.1.1 Production Analysis

          2. 5.1.2.1.2 Consumption Analysis and Market Value

          3. 5.1.2.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.1.5 Price Trend Analysis

        2. 5.1.2.2 Germany

          1. 5.1.2.2.1 Production Analysis

          2. 5.1.2.2.2 Consumption Analysis and Market Value

          3. 5.1.2.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.2.5 Price Trend Analysis

        3. 5.1.2.3 Poland

          1. 5.1.2.3.1 Production Analysis

          2. 5.1.2.3.2 Consumption Analysis and Market Value

          3. 5.1.2.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.3.5 Price Trend Analysis

        4. 5.1.2.4 Russia

          1. 5.1.2.4.1 Production Analysis

          2. 5.1.2.4.2 Consumption Analysis and Market Value

          3. 5.1.2.4.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.4.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.4.5 Price Trend Analysis

        5. 5.1.2.5 Chile

          1. 5.1.2.5.1 Production Analysis

          2. 5.1.2.5.2 Consumption Analysis and Market Value

          3. 5.1.2.5.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.5.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.5.5 Price Trend Analysis

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

          1. 5.1.3.1.1 Production Analysis

          2. 5.1.3.1.2 Consumption Analysis and Market Value

          3. 5.1.3.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.1.5 Price Trend Analysis

        2. 5.1.3.2 Japan

          1. 5.1.3.2.1 Production Analysis

          2. 5.1.3.2.2 Consumption Analysis and Market Value

          3. 5.1.3.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.2.5 Price Trend Analysis

        3. 5.1.3.3 Malaysia

          1. 5.1.3.3.1 Production Analysis

          2. 5.1.3.3.2 Consumption Analysis and Market Value

          3. 5.1.3.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.3.5 Price Trend Analysis

        4. 5.1.3.4 Australia

          1. 5.1.3.4.1 Production Analysis

          2. 5.1.3.4.2 Consumption Analysis and Market Value

          3. 5.1.3.4.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.4.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.4.5 Price Trend Analysis

        5. 5.1.3.5 India

          1. 5.1.3.5.1 Production Analysis

          2. 5.1.3.5.2 Consumption Analysis and Market Value

          3. 5.1.3.5.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.5.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.5.5 Price Trend Analysis

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

          1. 5.1.4.1.1 Production Analysis

          2. 5.1.4.1.2 Consumption Analysis and Market Value

          3. 5.1.4.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.1.5 Price Trend Analysis

        2. 5.1.4.2 Argentina

          1. 5.1.4.2.1 Production Analysis

          2. 5.1.4.2.2 Consumption Analysis and Market Value

          3. 5.1.4.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.2.5 Price Trend Analysis

      5. 5.1.5 Middle East And Africa

        1. 5.1.5.1 Turkey

          1. 5.1.5.1.1 Production Analysis

          2. 5.1.5.1.2 Consumption Analysis and Market Value

          3. 5.1.5.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.5.1.5 Price Trend Analysis

        2. 5.1.5.2 South Africa

          1. 5.1.5.2.1 Production Analysis

          2. 5.1.5.2.2 Consumption Analysis and Market Value

          3. 5.1.5.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.5.2.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. IMPACT OF COVID-19

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Taro Market market is studied from 2016 - 2026.

The Taro Market is growing at a CAGR of 3.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!