Organic Fruit and Nut Farming Market

Global Organic Fruit and Nut Farming Market Size (2024 to 2029)

The global organic fruit and nut farming market size is expected to reach USD 23.56 billion in 2024 and reach USD 37.95 billion by 2029, growing at a CAGR of 10% from 2024 to 2029.

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 and 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, which had previously led to restraining measures that involved social distancing, distant working, and closure of commercial activities that resulted in operational challenges.

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 realizations 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 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.

Market Restraints

The high cost of production and low 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 work are some other factors expected to restrain the growth of the organic fruit and nut farming market over the forecast period.

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.

REPORT COVERAGE

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, the Middle East, and 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 MARKET 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.

RECENT DEVELOPMENTS IN THE GLOBAL MARKET

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 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.

DETAILED SEGMENTATION OF THE GLOBAL ORGANIC FRUIT AND NUT FARMING MARKET INCLUDED IN THIS REPORT

This research report on the global organic fruit and nut farming market is segmented and sub-segmented into the following categories.

By Product Type

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

By Farming Type

• Pure Organic Farming
• and Integrated Organic Farming.

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Others

By Region

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa