The global citrus crop nutrition market size is estimated to reach USD 902.2 million in 2023. Over the projection period, global demand for citrus crop nutrients is predicted to rise at a 5.4% compound annual growth rate (CAGR). By 2033, the global citrus crop nutrition-producing business is expected to reach USD 1,526.5 million.
Key Factors Driving Citrus Crop Nutrition Industry Demand-
Key Citrus Crop Nutrition Market Trends-
Attribute | Key Insights |
---|---|
Estimated Citrus Crop Nutrition Market Revenue (2023) | USD 902.2 million |
Projected Citrus Crop Nutrition Market Value (2033) | USD 1,526.5 million |
Anticipated CAGR (2023 to 2033) | 5.4% |
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As per the latest analysis, demand for citrus crop nutrients worldwide surged at a CAGR of 4.4% between 2018 and 2022. The total market valuation at the end of 2022 reached about USD 856.0 million.
High consumption of citrus fruits due to their health benefits played a key role in boosting the citrus crop nutrition market during the historical period. People were inclined toward consuming citrus fruits due to their multiple benefits.
Attributes | Details |
---|---|
Citrus Crop Nutrition Size (2018) | USD 720.5 million |
Market Size (2022) | USD 856.0 million |
Market (CAGR 2018 to 2022) | 4.4% |
Future Outlook for the Citrus Crop Nutrition Business
Over the forecast period, global sales of citrus crop nutrition products are projected to soar at a 5.4% CAGR. By 2033, the total market valuation is set to reach USD 1,526.5 million.
Attributes | Details |
---|---|
Projected Citrus Crop Nutrition Market Value (2033) | USD 1,526.5 million |
Anticipated CAGR (2023 to 2033) | 5.4% |
The need for citrus crop nutrients is expected to develop with the growing demand for food and related goods and the reduction of arable land. Compared to agricultural fertilizers, the demand for packaged citrus trace elements is gaining higher traction over e-commerce websites.
Citrus crop nutrients are essential for sustainable high yields and good quality fruits over a long period. They are being used by citrus farmers to maximize their crop quality and yield, thereby boosting sales in the target market.
For instance, nitrogen facilitates leaf growth and development in citrus crops, apart from increasing fruit size and yield. Similarly, potassium increases water use efficiency and enhances fruit quality and disease resistance.
With precision agriculture technologies making inroads into citrus farming, farmers are employing tools such as drones and sensors to monitor and manage crop nutrition more efficiently. This is expected to bode well for the global citrus crop nutrition business.
New trends are significantly pushing the global citrus crop nutrition market. One such trend is the development of novel formulations.
As the need for premium-quality citrus fruits grows, several citrus crop nutrition suppliers are indulging in the development of novel formulations. These formulations use a special combination of nutrient additives to impart the appropriate qualities depending on the climate, type of soil, and crop in each location.
Citrus micronutrient deficiency has emerged as a greater challenge in recent years due to the growing use of chemical fertilizers, intensive farming practices, and difficulties with water constraints. Hence, the global challenge of water scarcity is also expected to boost the use of citrus micronutrient applications for citrus root health in the forecast period.
The growing adoption of precision agriculture technologies, such as zero tillage farming, requires the application of external nutrient supply in higher amounts. Hence, encouraging better orchard management practices, including citrus soil health, is poised to boost the use of citrus tree fertilization products and techniques.
Even though the market is expanding significantly, several restraints are expected to influence its future growth. For instance, the rising global movement for organic food products calls for avoiding using any artificially synthesized plant nutrients. As more and more people are getting inclined to this new lifestyle, the demand for chemical nutrients for citrus crop cultivation is expected to reduce.
The existence of extensive distribution channels for a streamlined supply of citrus crop nutrients is another blockade that prevents farmers' access to the product. Several initiatives by government and non-government organizations are trying to bridge this gap, which is anticipated to improve the situation in the coming days.
Several international organizations have also started programs to assist local cultivators in the year-round availability of essential inputs for citrus fruit cultivation. This will benefit the target business during the assessment period.
The table below shows the estimated growth rates of key countries in the global citrus crop nutrition market. Among these, China and the United Kingdom are set to record higher CAGRs of 6.4% and 6.2%, respectively, through 2033.
Countries | CAGR (2023 to 2033) |
---|---|
United Kingdom | 6.2% |
India | 5.8% |
China | 6.4% |
As per the latest analysis, the United Kingdom is expected to remain a highly lucrative market for citrus crop nutrition products during the forecast period. It will likely exhibit a CAGR of 6.2% between 2023 and 2033.
The demand for citrus orchard nutrition has remained higher in Europe, and the trend is expected to continue during the forecast period. This rise is attributed to the constant increase in demand for citrus fruits.
People across the United Kingdom are becoming aware of the health benefits of citrus fruits, especially their role in boosting immunity and high vitamin C content. This is expected to create a high demand for citrus fruits, which, in turn, will boost sales of citrus crop nutrition products.
Favorable government policies and the strong presence of several fertilizer companies are also playing key roles in boosting the United Kingdom’s citrus crop nutrition market. Similarly, the growing popularity of organic food will likely uplift citrus crop nutrition demand through 2033.
Since China's agriculture sector is regarded as the nation's backbone, all types of crop nutrition additives are in great demand there. Over the next ten years, sales of citrus crop nutrition products in China are projected to rise at a 6.4% CAGR.
Multiple factors are expected to stimulate the growth of the citrus crop nutrition market in China. These include rising export of fertilizers, exploding population, and growing focus on improving crop yield and quality.
Several China-based citrus crop nutrition product manufacturers operate in the Asia Pacific market. This has rendered the country the leading market in Asia. Though the big players are primarily concentrating on exports, certain regional small- and medium-sized businesses are attempting to capitalize on the local needs.
India is a leading importer of plant micronutrients and currently leads in the use of citrus crop nutrition among all agriculture-based economies. The overall demand for citrus crop nutrition in India is projected to expand at a 5.8% CAGR between 2023 and 2033.
Thanks to India’s booming citrus export market, the country is witnessing a high demand for advanced nutrition solutions that emphasize fruit size, taste, and appearance. Farmers in the country are gradually utilizing precision agriculture technologies, which are expected to drive the demand for citrus crop nutrition.
The country's government is also placing a high priority on crop management planning, which could have a favorable effect on the regional market. However, farmers in India are being discouraged from using citrus micronutrient chemicals. As a result, the market could witness short-term stagnancy in the coming days compared to other adjacent countries.
The United States is the leading citrus crop nutrition market, contributing to around 22% of the global market share in 2022. In the forecast period, the United States citrus crop nutrition market is poised to exhibit steady growth, driven by factors such as the high consumption of citrus fruits and the growing popularity of biofertilizers.
Citrus fruits such as lemons, oranges, and limes are witnessing a higher demand across the United States due to their multiple health benefits. This is anticipated to boost the United States citrus crop nutrition business through 2033.
The growing prevalence of citrus green diseases and surging sustainability concerns are prompting the adoption of more precise and efficient nutrient management practices in the United States. This, in turn, will drive demand for citrus crop nutrients and improve the country’s industry share of citrus crop nutrition.
Japan is expected to present lucrative growth opportunities to citric crop nutrition product manufacturers through 2033. This is due to the rising consumption of citrus fruits, reducing arable land, and growing emphasis on improving crop productivity.
Farmers in Japan are focusing on maximizing their productivity with limited arable land. Citrus crop nutrition helps them to achieve this by optimizing fruit yield and quality on existing land. As a result, demand for citrus crop nutrition in Japan is set to rise rapidly during the forecast period.
The section below shows the micronutrients segment dominating the global citrus crop nutrition market. It is poised to exhibit a robust CAGR during the forecast period.
Attributes | Details |
---|---|
Top Nutrient Type | Micronutrients |
Projected CAGR | 5.6% |
NPK-based solutions are regarded as the most significant of all crop nutrients as they are essential elements for the development of all types of plants. However, in citrus crop cultivation, bulk fertilizers are applied during the plantation of seeds, which makes it insignificant compared to other micronutrients.
Based on nutrient type, micronutrients constitute the leading segment in terms of return for manufacturers and suppliers. The need for citrus crop micronutrients is predicted to rise as cultivators look for ways to boost crop yields and maintain long-term soil health.
Micronutrients can assist in maintaining the balance of soil nutrients during the growing stage of citrus crops when applied in the proper amounts. In addition, during the foliar application of crop nutrients, the use of micronutrients is mostly required to treat citrus plants with deficiency symptoms.
As per the latest citrus crop nutrition industry analysis, the micronutrients segment is projected to thrive at a 5.6% CAGR during the assessment period. Hence, it will remain a key revenue generation nutrient type category for citrus crop nutrition companies.
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Though the plant nutrient industries have acquired a core position in the economies of several countries, there aren't multiple entities dealing with citrus crops only. Hence, the presence of a handful of global corporations catering to the particular nutrition requirements of citrus plants makes the overall market fairly consolidated.
Key manufacturers of citrus crop nutrition products are constantly innovating to develop novel crop nutrition solutions for citrus trees. They also employ strategies such as acquisitions, partnerships, and mergers.
Developing additives to prevent caking and rusting when citrus crop nutrients are being transported and stored could be a leading breakthrough for market players in this sector. Further, the adoption of proper and efficient packaging solutions to prevent lump formation and moisture build-up can typically attract the attention of supply chain operators.
Recent Developments by Citrus Crop Nutrition Market Players-
Attribute | Details |
---|---|
Estimated Value (2023) | USD 902.2 million |
Projected Value (2033) | USD 1,526.5 million |
Expected Growth Rate (2023 to 2033) | 5.4% CAGR |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD million for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Middle East & Africa; East Asia; South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | Product Type, Nutrient Type, Application, and Region |
Key Companies Profiled | The Mosaic Company; Yara International; Nutrien; Eurochem Group; Haifa Group; ICL Group; Compass Minerals; Helena Agri-Enterprises; Wilbur-Ellis; Brandt; K+S KALI |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global citrus crop nutrition market value is around USD 902.2 million in 2023.
Global demand for citrus crop nutrition is set to expand at a 5.4% CAGR through 2033.
The global citrus crop nutrition market size is predicted to reach USD 1,526.5 million by 2033.
The Mosaic, Yara, and Nutrien are key players.
China is predicted to witness a high CAGR of 6.4% through 2033.
Ammonium sulfate, ammonium phosphate, and others.
Citrus fruits are rich in vitamin C, flavonoids, thiamin, and other nutrients & phytochemicals.
Calcium, potassium, iron, magnesium, and zinc, among other nutrients, are essential for lemon plants.
Expected Base Year Value (2023) | USD 4.16 billion |
---|---|
Anticipated Forecast Value (2033) | USD 7.23 billion |
Estimated Growth (2023 to 2033) | 7.4% CAGR |
Market Size Value in 2023 | USD 11.64 billion |
---|---|
Market Forecast Value in 2033 | USD 18.79 billion |
Market Growth Rate (2023 to 2033) | 4.9% CAGR |
Expected Market Value (2023) | USD 4.61 billion |
---|---|
Projected Forecast Value (2033) | USD 8.9 billion |
Anticipated CAGR (2023 to 2033) | 6.8% |
Expected Market Value (2023) | USD 2,202 million |
---|---|
Anticipated Forecast Value (2033) | USD 3,403.0 million |
Projected Growth Rate (2023 to 2033) | 4% CAGR |
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