Key regions: Germany, Brazil, Spain, Italy, United Kingdom
Vegetables have always been an essential part of human diets, and their consumption has been increasing worldwide. The global vegetable market has been growing steadily over the years, and it is expected to continue to grow in the coming years.
Customer preferences: Consumers are becoming more health-conscious, and they are looking for healthier food options. The increasing awareness of the health benefits of vegetables has led to a rise in their consumption. People are also becoming more environmentally conscious, and they are looking for sustainable food options. This has led to an increase in the demand for organic vegetables.
Trends in the market: The vegetable market has been growing at a steady pace in most countries worldwide. However, there are some trends that are specific to certain countries. For instance, in the United States, there has been a growing trend towards plant-based diets, which has led to an increase in the demand for vegetables. In China, there has been a significant increase in the demand for vegetables due to the growing middle class and their changing dietary habits. In India, the demand for vegetables has been growing due to the increasing population and the rising income levels.
Local special circumstances: The vegetable market is affected by local conditions such as climate, soil, and water availability. In some countries, the production of vegetables is affected by weather conditions such as droughts or floods. In other countries, the availability of water for irrigation is a major concern. Additionally, the availability of land for cultivation is also a significant factor in some countries.
Underlying macroeconomic factors: The vegetable market is affected by macroeconomic factors such as GDP growth, inflation, and exchange rates. In countries with high GDP growth rates, there is usually an increase in the demand for vegetables due to rising income levels. Inflation can also affect the vegetable market as it can lead to an increase in the prices of vegetables. Exchange rates can also affect the vegetable market as they can impact the prices of imported vegetables. In conclusion, the vegetable market is growing steadily worldwide due to increasing health and environmental awareness among consumers. Customer preferences, local special circumstances, and underlying macroeconomic factors all play a role in the vegetable market's trends in different countries.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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