Zucchini Prices

Zucchini Prices December 2023

In the fourth quarter of 2023, the price of zucchini in China reached 0.51 USD/Kg by December.

Zucchini Price Trend, Market Analysis, and News

IMARC's latest publication, “Zucchini Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the zucchini market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of zucchini at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed zucchini price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting zucchini 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.

Zucchini Market Analysis

The global zucchini market size reached 22.81 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 30.55 Million Tons, at a projected CAGR of 3.30% during 2023-2032.

• The increasing consumer awareness about healthy eating and nutrition is driving the demand for zucchini. Rich in vitamins, minerals, and antioxidants, zucchini is favored for its low-calorie content and health benefits, making it popular among health-conscious consumers and diet enthusiasts. According to an article published by the Economic Times, the number of health-conscious consumers in India would increase from 108 million in the calendar year 2020 to 176 million in 2026. The article further reported that there was massive headroom for growth in the space given low health food penetration as a percentage of total packaged foods and beverages which stood at 11% in India as compared to 31% in the US.
• The versatility of zucchini in cooking contributes to its market growth. Zucchini can be used in a variety of dishes, including salads, stir-fries, soups, baked goods, and as a low-carb substitute for pasta. This adaptability makes it a staple in many kitchens.
• The growing popularity of vegetarianism and veganism boosts the demand for plant-based foods like zucchini. As more people adopt these diets, the need for nutritious and versatile vegetables increases. For instance, a survey from Berlin-based Veganz ranked 5 European countries by the number of vegans and the UK was top of the list with 3.2% of people. Italy ranked second with 2.3%, closely followed by Germany and Austria, both with 2.2%, then Spain with 2.1% and France at just 2.0%. The vegans in these 5 countries alone number more than 5 million in total.
• The trend toward organic and sustainably grown produce drives the market for zucchini. Consumers are increasingly seeking organic options, supporting farmers who use environmentally friendly practices. For instance, there were almost 3.7 million organic producers worldwide in 2021, as mentioned in a research article in Journal of Emerging Technologies and Innovative Research (JETIR) in 2023. According to the FiBL survey in 2023, more than 91% of the producers were in Asia, Africa, and Europe. The country with the most organic producers was India (1599010), followed by Uganda (404246) and Ethiopia (218175).
• Advances in agricultural techniques and greenhouse farming allow for the year-round cultivation of zucchini, ensuring a steady supply and consistent market presence, thus facilitating the market growth.

Zucchini News

The report covers the latest developments, updates, and trends impacting the price of zucchini, 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 zucchini price trend.

Latest developments in the zucchini industry:

• In July 2024, Sakata Vegetables Europe, a subsidiary of Sakata Seed Corporation (Japan) launched the Kai variety of zucchini with New Delhi Virus (NDV)-resistant properties. The product also offers great profitability for producers without compromising important aspects, such as production and fruit quality.
• In July 2024, Syngenta announced an investment of 9.6 million euros to expand and equip its R&D facilities in El Ejido, Almería, with the latest technology. This follows the expansion of its research and development centers in El Ejido and Murcia last year, which was valued at 2.4 million euros. The announcement was made during a meeting with the Department of Urban Development, the Mayor of El Ejido, and the managers of the Syngenta center in the town.
• In May 2024, Port International, a leading company in the import of fruits and vegetables based in Hamburg, announced the expansion of its Exclusive Partner Programme with producer Karam Green Agri. The Moroccan agricultural company from the Agadir region is known for its high-quality vegetable production and grows tomatoes, peppers, snack peppers, zucchini, cucumbers, cocktail tomatoes, and Baby Plum cherry tomatoes exclusively for Port International.

Product Description

Zucchini or courgette refers to a summer squash belonging to the Cucurbitaceae family, which includes melons and cucumbers. It is generally harvested while still immature when its rind is edible and tender. It is cylindrical, usually green, though it can also be light green and yellow. Zucchini grow to about 15-25 centimeters in length but are often picked smaller for a better flavor and texture. It is now extensively cultivated and enjoyed worldwide by native to Central America and Mexico. Zucchini is a versatile vegetable utilized in various culinary applications, such as grilling, baking, sauteing, and raw in salads. Nutritionally, it is low in calories and rich in Vitamins A and C, potassium, and dietary fiber. Zucchini also contains antioxidants that support overall health. It is a staple in health-conscious diets and numerous global cuisines due to its mild flavor and adaptability.

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 zucchini price trend. 

Global Zucchini Price

The report offers a holistic view of the global zucchini pricing trends in the form of zucchini 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 zucchini, 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 zucchini 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 Zucchini Price

European zucchini 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 zucchini can also be provided for an extensive list of European countries.

North America Zucchini Price

The analysis of zucchini 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 zucchini historical data within the United States and Canada can also be provided.

Middle East and Africa Zucchini Price

The report explores the zucchini 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 Zucchini Price

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

Latin America Zucchini Price

The analysis of zucchini 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 zucchini pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting zucchini 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 zucchini price charts ensure our clients remain at the forefront of the industry.