In the first two quarters of 2023, Israel experienced a notable surge in carrot exports to European markets, primarily driven by several factors. Climate change, rising energy costs, and the Russia-Ukraine conflict all played a role in increasing demand for carrots in Europe. The effects of global warming, including temperature variations and wetter conditions, also influenced the carrot market.
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However, despite other commodities like wheat becoming more economically attractive, the higher production costs in Israel and Europe deterred growers from switching to alternative vegetable categories. This heightened demand was not limited to Europe, as the UK also saw a substantial increase in Israeli carrot imports, leading to a nearly 20% price increase in carrots during this period.
Definition
Carrots are root vegetables known for their distinctive orange color, although they can also be found in purple, red, yellow, and white varieties. They have a crunchy texture and a sweet, earthy flavor. Carrots are rich in vitamins, particularly vitamin A, and dietary fiber, making them a nutritious food choice. They are versatile in culinary applications, suitable for consumption both raw and cooked. Their natural pigments, like beta-carotene, not only give them their color but also provide antioxidant properties. Carrots are commonly used in salads, soups, stir-fries, and as a healthy snack, contributing to their widespread popularity.
Key Details About the Carrots Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Carrots in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Carrots Price chart, including India Carrots price, USA Carrots price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Carrots Price Trend:
Carrots have industrial applications beyond their role as a dietary staple. They are extensively processed into various forms, including carrot juice, carrot puree, and dehydrated carrot products. These processed forms serve as essential ingredients in the food industry, used in baby foods, soups, sauces, and snacks. Carrots’ natural pigments, notably beta-carotene, are extracted and utilized as natural colorants in food products. Moreover, their high pectin content makes them valuable for gelling agents in jams and jellies. Carrots can also be used as animal feed, reducing food waste by repurposing subpar produce. Their versatility extends to cosmetics, where carrot extracts are used in skincare products for potential benefits, and to pharmaceuticals, where they find applications in dietary supplements. Overall, carrots play a multifaceted role in the food, colorant, and skincare industries, contributing to various industrial processes and products.
Key Players:
- Suttind Seeds
- Premium Fresh
- Jung Seeds
- Willowbrook Foods
- Charles Hard Seed Company
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