Organic Fruit and Nut Farming Market

Organic Fruit and Nut Farming Market Size, Growth, Trends, and Forecast:

The organic fruit and nut farming market in 2021 was $17.7 billion and is expected to reach $28.18 billion by 2026 at a Compound Annual Growth Rate (CAGR) of 10% over the forecast period. The organic fruit and nut farming market consists of the sales of organic fruits and nuts and other related products. Organic fruit and nut farming is a growing practice without the requirement of artificial herbicides, pesticides, and chemicals. Organic fruit and nut farming avoids the use of many inputs related to traditional farming, most significantly, synthetic fertilizers pesticides and relies on several things, such as crop rotations, green manures, crop residues, legumes, animal manures, and organic waste from off-farm. The cultivation of organic food products by using the vertical farming technique is a key trend in the organic fruit and nuts farming market. The method of cultivating crops indoors by utilizing vertical space to increase the growth of the crops is termed vertical farming. A vertical farm will increase the food production per acre of land, and by residing in an urban environment, this can minimize long distribution chains and get fresh food to consumers’ tables. Adopting this technique, a US-based company, Plenty, produces fruits and vegetables, and the company is constructing a 100,000 square foot vertical farming warehouse. This farm is designed to generate 4.5 million pounds of greens per annum.

The growth of the organic fruit and nut farming market is likely due to the companies running their operations and adapting to the new normal while recovering from the COVID-19 impact, that had previously led to restraining measures that involved social distancing, distant working, and the closure of commercial activities that resulted in operational challenges.

Impact of COVID 19 on the Organic Fruit and Nut Farming Market:

The coronavirus pandemic has hampered the supply of the global food chain. In particular, market demand has declined as a result of the epidemic in the global food supply chain system.

The food industry has faced several problems, predominantly due to closures and transportation restrictions. This resulted in a negative impact on the organic fruit and nut farming market.

Recent Developments:

In June 2017, a San Francisco-based field-scale vertical farming company, Plenty, has acquired Bright Agrotech LLC. The amount of the deal was not disclosed. This acquisition has helped Plenty realize its plans to build field-scale indoor farms around the world, bringing the highest quality products and healthy diets to everyone’s budget. Bright Agrotech LLC was a vertical farming company based out of Laramie, Wyoming.

In October 2019, Olam Edible Nuts, a Singapore-based company has successfully acquired Hughson Nut for $54 million to enhance the vertical integration of the company. The acquisition has allowed the company to provide a united offering across the almond value chain, including processing, PPO pasteurization, steam, blanched whole nuts, and value-added ingredients such as diced, almond flours, and flakes. Hughson Nut Inc was a US-based food production company.

Drivers and Restraints of Organic Fruit and Nut Farming Market:

Drivers:

The surge in demand for organic food is the driving factor for the rapid growth of the global organic fruit and nut farming market. One of the most important realization globally in the COVID 19 pandemic is the need to develop strong immunity as a potential barrier to fight against deadly viruses.

With abundantly available antioxidants and nutrients, organic food offers one of the best ways to enhance immunity. So, consumers are willing to purchase and are ready to pay a higher price for organic food products. In 2020, the global organic fruit and nut farming market experienced tremendous growth as the customers started recognizing the fact that immunity is a primary need. Therefore, the sudden and rapid increase in the demand for organic food products is expected to drive the growth of the organic fruit and nut farming market.

Restraints:

The high cost of production and less productivity of organic fruit and nut farming as compared to artificial farming are major factors expected to restrain the growth of the global market over the forecast period. In addition, the emission of carbon dioxide and the requirement of a huge number of manpower to maintain works are some other factors expected to restrain the growth of the organic fruit and nut farming market over the forecast period.

REPORT COVERAGE:

Organic Fruit and Nut Farming Market Segmentation:

Organic Fruit and Nut Farming Market – By Product Type:

• Citrus Groves

• Non-Citrus Groves
• Orange Groves
• Nuts
• Others

Organic Fruit and Nut Farming Market – By Farming Type:

• Pure Organic Farming
• and Integrated Organic Farming.

Organic Fruit and Nut Farming Market – By Distribution Channel:

• Supermarkets/Hypermarkets
• Convenience Stores
• Others

Regional Analysis:

The regions covered in the global organic fruit and nut farming market are North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, Africa.

The market in North America is expected to dominate the global market during the forecast period due to the increasing demand for organic food products across various countries in this region.

The market in the Asia Pacific is expected to register significant growth in terms of revenue over the forecast period as a result of the increasing government initiatives in order to promote organic fruit and nut farming by giving subsidies for organic fertilizers across many countries in this region.The market in Europe is expected to register significant growth in the organic fruit and nut farming market over the forecast period because of the stringent government regulations on chemical fertilizers, conventional fertilizers, and other related products across many countries in this region.

Key Players:

The major players competing in the global organic fruit and nut farming market are Biorfarm, Plenty, Koraput Organic, Organic Tapovana, Homecrop, MyGreen Mart, Atlantica Agricola, Aero Farm Systems, Pindfresh, UrbanKissan, iKheti.