Surge In Veganism Driving Growth In Vegetable Farming Market

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What Is the Expected CAGR for the Vegetable Farming Market Through 2025?
In recent times, the market size of vegetable farming has witnessed a significant growth. It is predicted to escalate from $1538.64 billion in 2024 to a whopping $1621.48 billion in 2025, observing a compound annual growth rate (CAGR) of 5.4%. The expansion during the historical period is attributed to the increase in population, health and wellness tendencies, urbanization, shifts in dietary habits, and governmental policies.

What's the Projected Size of the Global Vegetable Farming Market by 2029?
The market size for vegetable farming is anticipated to experience steady expansion in the upcoming years, reaching a value of $1959.95 billion in 2029 with a compound annual growth rate (CAGR) of 4.9%. Factors contributing to this growth during the projected period include the impacts of climate change, shifts in global trade, the tastes of consumers, the robustness of supply chains, and worries over water scarcity. Notable trends for the forecast period encompass the incorporation of technology, technological breakthroughs, sustainability efforts, indoor cultivation, and the consumer's inclination for exotic types.

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Top Growth Drivers in the Vegetable Farming Industry: What's Accelerating the Market?
The surge in veganism is set to increase the growth of the vegetable farming market. Veganism, a lifestyle and dietary choice that steers clear of using animal products in food or any other domain, is often driven by moral, environmental, and health concerns. Vegans usually refuse to use fertilizers and pesticides derived from animals, as they can carry harmful chemicals and add to water and soil pollution. Instead, they prefer more sustainable and environmentally friendly organic and plant-based substitutes, thus enhancing the demand for fresh vegetable products. For instance, the Vegan Society, a charity based in the UK, reported that in 2023, Google Trends suggested that Germany had the most searches related to veganism, followed by Austria and the UK. Moreover, in 2022, the Good Food Institute announced that the global retail sales of plant-based meat products had achieved $6.1 billion. Consequently, the escalating tendency towards veganism is bolstering the demand for the vegetable farming market.

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What Are the Key Trends Driving Vegetable Farming Market Growth?
Leading companies in the vegetable farming market are prioritizing the development of technological innovations, such as vegetable farming apps, with the aim to increase productivity, optimize crop management, provide instantaneous data, ensure market penetration, and back sustainable farming methods. These apps provide farmers with the necessary tools and knowledge to make calculated decisions and fine-tune their farming methods. For instance, in August 2024, the East-West Seed Foundation, based in Southeast Asia, introduced a vegetable farming app aimed at improving the lives of small-scale farmers by providing better access to quality seeds and improved agricultural practices. A vegetable farming app refers to a mobile or web-based platform that aids farmers in crop administration, resource information, meteorological updates, market access, data monitoring, and community assistance to augment productivity and uphold sustainability in vegetable farming.

What Are the Main Segments in the Vegetable Farming Market?
The vegetable farming market covered in this report is segmented -

1) By Type: Growing Vegetable Crops, Producing Vegetable Seeds
2) By Application: Household, Commercial

Subsegments:
1) By Growing Vegetable Crops: Leafy Greens, Root Vegetables, Fruit Vegetables, Legumes, Brassicas
2) By Producing Vegetable Seeds: Hybrid Seeds, Open-Pollinated Seeds, Organic Seeds, Conventional Seeds, Specialty Seeds

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Which Top Companies are Driving Growth in the Vegetable Farming Market?
Major companies operating in the vegetable farming market include General Mills Inc., Dole Food Company Inc., Fresh Del Monte Produce, Giorgio Foods Inc., Wm. Bolthouse Farms Inc., J. G. Boswell Company, Grimmway Farms, Mastronardi Produce, Plenty Unlimited Inc., Golden County Foods Inc., Lake Side Organic Gardens, Tanimura & Antle Fresh Foods Inc., R.D. Offutt Company, Bright Farms Inc., Gills Onions, Freight Farms, Devine Organics, Carlton Farms, Graves Bros Co, Modern AG Products LLC, D'Arrigo Bros. Co, Garden Fresh Farms, Abers Acres, The Beckman & Gast Co, Green Sense Farms Holdings Inc., AutoGrow Systems Ltd., FreshBox Farms.

Which Regions Will Dominate the Vegetable Farming Market Through 2029?
Asia-Pacific was the largest region in the vegetable farming market in 2024. The regions covered in the vegetable farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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https://www.openpr.com/news/4208849/surge-in-veganism-driving-growth-in-vegetable-farming-market