Exotic fruits and vegetables are those agricultural products that are sourced from far off regions and are grown under specific climatic conditions. Exotic fruits and vegetables are expensive as the cultivation of such vegetables and fruits involves high cost. These vegetables and fruits are most commonly used in the preparation of gourmet food.
MARKET SCOPE
The "Global Exotic Fruits and Vegetables Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the exotic fruits and vegetables market with detailed market segmentation by type, category, end user, and geography. The report provides key statistics on the market status of the leading exotic fruits and vegetables market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global exotic fruits and vegetables market is segmented into exotic fruits and exotic vegetables.
- Based on category, the market is segmented into organic, and conventional.
- Based on end user, the market is bifurcated into food retail, and foodservice.
MARKET DYNAMICS
Drivers
- The increase in cold chain stores as well as warehouses for the transportation and storage of exotic fruits and vegetables has had a positive impact on the market.
- The various health benefits provided by various exotic fruits and vegetables such as Chinese gooseberry, dragon fruit has increased the demand for such vegetables and fruits.
Restraints
- The high cost involved in the cultivation of exotic fruits and vegetables has restricted the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The exotic fruits and vegetables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the exotic fruits and vegetables market in these regions.
IMPACT OF COVID-19 ON EXOTIC FRUITS AND VEGETABLES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The shortage in labor along with the international trade restrictions has affected the production as well as the exports of exotic fruits and vegetables market. The demand for exotic fruits and vegetables have had a negative effect because of the shutdown of restaurants, cafes due to the lockdown in various countries. There are not enough labor to harvest crops, and international logistics are slowly recovering. Thus, COVID-19 has had a negative impact on the exotic fruits and vegetables market, but the upliftment of the lockdown in various countries in Europe and North America will have a positive impact on the market.
MARKET PLAYERS
The report covers key developments in the exotic fruits and vegetables market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from exotic fruits and vegetables market are anticipated to lucrative growth opportunities in the future with the rising demand for exotic fruits and vegetables in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the exotic fruits and vegetables market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Capricorn Food Products India Ltd.
- Fesa UK Ltd
- Fresh Fruits Company
- Fruitique
- Frutco AG
- Gammafrutta spa
- Gr?newald International
- Nature's Pride
- Richardsons
- TFC Holland B.V.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.