Broccoli Prices

Broccoli Prices December 2023

In the fourth quarter of 2023, the price of broccoli in the USA reached 2.64 USD/lb by December.

Broccoli Price Trend, Market Analysis, and News

IMARC's latest publication, “Broccoli Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the broccoli market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of broccoli at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed broccoli price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting broccoli pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Broccoli Market Analysis

The global broccoli market size reached 26.53 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 30.07 Million Tons, at a projected CAGR of 1.40% during 2023-2032.

• Broccoli is a staple in kitchens around the world, renowned for its versatility and nutritional profile. From simple steamed dishes to gourmet dishes, it is characterized by a range of culinary methods. Steaming broccoli is the most popular form of preparation. It retains the color and texture in the ready meal, as well as healthy vitamins and minerals. Broccoli can be used in dishes with a variety of other vegetables, seasonings, and sauces, and ordinary steamed broccoli also acts as an appetizer. It is high in vitamins and minerals, which is beneficial for maintaining proper health. Vitamins C, B9, and K1, and fiber are all abundantly available in broccolis. Broccoli also boosts the immune system, regulates digestion, and maintains bone health. According to an article published by the Cleveland Clinic in 2023, broccoli consumption controls blood sugar levels and protects the gut.
• Broccoli is also important from an agricultural standpoint. It is a cool-season crop that thrives in temperate climates, making it a valuable plant for regions with such conditions. Its relatively short growing period and high yield make it an economically important crop for many farmers. Additionally, broccoli's ability to grow in a variety of soil types and its resistance to certain pests and diseases contribute to its agricultural viability. Cultivating broccoli can also benefit the soil and surrounding environment. As a member of the Brassica family, broccoli can improve soil health through its root structure and the organic matter it returns to the soil after harvest. Crop rotation with broccoli can help manage soil-borne diseases and pests, improving the overall health of the farming ecosystem. In 2023, Upp, an ecofriendly food harvesting startup, secured £500,000 in pre-seed funding to create and commercialize its broccoli upcycling to make plant-based protein.
• Broccoli is a widely used ingredient in various healthy meals. Chefs and food enthusiasts are exploring new ways to incorporate broccoli into their dishes, like broccoli based smoothies and types of appetizers. The versatility of broccoli allows it to be incorporated into a wide range of dishes.

Broccoli News

The report covers the latest developments, updates, and trends impacting the price of broccoli, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the broccoli price trend.

Latest developments in the broccoli industry:

• May 2024: Fresh from the Start expanded its broccoli program with the new acreage in Indiana, shipping crowns and bunches.
• May 2024: Wild About Sprouts expanded its healthy food portfolio by launching alfalfa, broccoli, and kale 3oz.

Product Description

Broccoli refers to a green vegetable belonging to the Brassicaceae family characterized by its large flowering head and stalk. It is low in calories yet offers various essential nutrients. Its cultivation can improve soil health, especially when used in crop rotation systems. Moreover, broccoli farming, particularly when executed using sustainable practices like organic farming and integrated pest management, has a lower environmental impact compared to many other crops. It also requires less water and has a lower carbon footprint, contributing to more sustainable food production. The role of broccoli in detoxification processes, supported by compounds like glucosinolates, improves liver function and eliminates toxins from the body. Apart from this, the fiber in broccoli helps to maintain healthy cholesterol levels and blood sugar, lowering the risk of heart diseases and diabetes.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the broccoli price trend.

Global Broccoli Price

The report offers a holistic view of the global broccoli pricing trends in the form of broccoli price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of broccoli, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed broccoli demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Broccoli Price

European broccoli prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for broccoli can also be provided for an extensive list of European countries.

North America Broccoli Price

The analysis of broccoli prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific broccoli historical data within the United States and Canada can also be provided.

Middle East and Africa Broccoli Price

The report explores the broccoli pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Broccoli Price

The broccoli pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This broccoli price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Broccoli Price

The analysis of broccoli prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of broccoli pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting broccoli price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The broccoli price charts ensure our clients remain at the forefront of the industry.