Food & Beverage Market Research News

Latin America's carrot and turnip market forecast 2016-2021 published by leading research firm

Food & Beverage Market Research

Latin America Carrot And Turnip Market By Volume (imports, Exports), By Distribution Channel (specialty Stores, Supermarkets, Hypermarkets) And By Region

Latin America Carrot and Turnip Market was worth USD XX million in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2021. 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.

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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.

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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.

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Market Segmentation                                                                              

               Volume                                                        

  • Introduction                                           
  • Imports                                    
  • Exports                                     
  • Y-o-Y Growth Analysis, By Volume                                              
  • Market Attractiveness Analysis, By Volume                                            
  • Market Share Analysis, By Volume                                              

               Distribution Channels                                                             

  • Introduction                                           
  • Convenience Stores                                            
  • Supermarkets/Hypermarkets                                         
  • Online Stores                                         
  • Others                                      
  • Y-o-Y Growth Analysis, By Distribution Channels                                    
  • Market Attractiveness Analysis, By Distribution Channels                                  
  • Market Share Analysis, By Distribution Channels          

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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.

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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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