Vegetables - China

China

Gross production value in Vegetables market is projected to amount to €14.81bn in 2024. An annual growth rate of 5.66% is expected (CAGR 2024-2028), resulting in gross production value of €18.46bn in 2028.
The import value in Vegetables market is projected to amount to €1.5bn in 2024. An annual growth rate of 14.57% is expected (CAGR 2024–2028).
The export value in Vegetables market is projected to amount to €6.2bn in 2024. An annual growth rate of 6.43% is expected (CAGR 2024–2028).

Key regions: Germany, Brazil, Spain, Italy, United Kingdom

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

China, the world's most populous country, is known for its diverse cuisine and healthy food options. The Vegetables market in China has been growing steadily over the years, with a significant increase in demand for fresh and organic produce.

Customer preferences: Chinese consumers are becoming increasingly health-conscious and are opting for healthier food options. This has resulted in a shift towards more plant-based diets, with vegetables being a popular choice. Additionally, there is a growing demand for organic and locally sourced vegetables due to concerns over food safety and quality.

Trends in the market: One of the major trends in the Vegetables market in China is the rise of e-commerce platforms for fresh produce. Online shopping for groceries has become increasingly popular in China, with consumers opting for the convenience of having their groceries delivered to their doorstep. This trend has led to the growth of online vegetable stores and platforms that offer a wide range of fresh produce.Another trend in the market is the increasing popularity of plant-based meat alternatives. This has led to a growing demand for vegetable-based proteins such as soybeans and peas. Additionally, there is a growing interest in exotic vegetables and fruits, with consumers willing to pay a premium for unique and high-quality produce.

Local special circumstances: China's vast geography and diverse climate provide a unique advantage for the Vegetables market. Each region in China has its own specialty vegetables and fruits, which are highly valued by consumers. For example, Sichuan province is known for its spicy peppers, while Yunnan province is known for its mushrooms. This has led to a thriving local vegetable market, with consumers willing to pay a premium for locally sourced and specialty produce.

Underlying macroeconomic factors: China's growing middle class and increasing disposable income have been major drivers of the Vegetables market. As consumers become more health-conscious and willing to pay a premium for high-quality produce, the demand for fresh and organic vegetables is expected to continue to grow. Additionally, government initiatives to promote healthy eating and food safety are expected to further boost the market. However, challenges such as supply chain issues and rising production costs may impact the growth of the market in the future.

Methodology

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.