Latin America Carrot and Turnip Market was worth USD XX million in 2020 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2026. The carrot is a root vegetable, usually orange in colour, though purple, black, red, white, and yellow cultivars exist. Carrots are a domesticated form of the wild carrot, native to Europe and south-western Asia.
The turnip or white turnip is a root vegetable commonly grown in temperate climates worldwide for its white, bulbous taproot. The country with the biggest volume of carrot and turnip output was China (18,000 thousand tonnes), accounting for 43% of global production. Moreover, carrot and turnip output in China surpassed the figures recorded by the world's second largest producer, Uzbekistan.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
XX% |
Segments Covered |
By Volume, and By Distributional Channels |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Countries Covered |
Brazil, Mexico, and Argentina |
Market Leaders Profiled |
Groupe Vegco, Suttind Seeds, Premium Fresh, Jung Seed, Willowbrook Foods, and Charles Hard Seed Company |
The Latin America Carrot and Turnip market is driven by the growing health consciousness and the rising number of mergers and acquisitions and the strategic collaborations between companies coupled with the increasing investment of vendors to maintain a steady supply of apples. The introduction of new products and flavours has also contributed to the growth of the market.
The Latin America Carrot and Turnip market is segmented on the basis of volume, distribution channels and by region. On the basis of volume, the market is segmented into imports and exports by countries. On the basis of distribution channels, the market is segmented into convenience stores, supermarkets, hypermarkets, online stores and others.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The huge rise in spending in the Carrot and Turnip market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.
The major players operating in the Latin America Carrot and Turnip industry include Groupe Vegco, Suttind Seeds, Premium Fresh, Jung Seed, Willowbrook Foods, and Charles Hard Seed Company.
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