Apple Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

“The Apple Market is poised to grow by USD10.12 billion during 2022-2026, accelerating at a CAGR of 2.38% during the forecast period”

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors.Furthermore, this report extensively covers apple's market segmentation by distribution channel (offline and online) and geography (APAC, Europe, Middle East and Africa, North America, and South America). The market report also offers information on several market vendors, including Anderson Orchard, Auvil Fruit Co. Inc., Batlow Fruit Co. Pty Ltd, Borton and Sons, CMI Orchards LLC, Evans Fruit Co, Fowler Farms, Fruit Hill Orchard, Gebbers Farms, Gilbert Orchards, Hope Orchards, Kroger Co., Mercier Orchards, Roche Fruit, Shenandoah Valley Orchards, Singh Apple Orchards, Stemilt Growers LLC, Symms Fruit Ranch Inc, W. F. Montague Pty Ltd, and Washington Fruit Growers among others.

What will the Apple Market Size be During the Forecast Period?

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Parent Market Analysis

Our Technavio Research categorizes the report belonging to Packaged Food and Meat Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

Apple Market: Key Drivers, Trends, and Challenges

Technavio Research categorizes the market belonging to the Consumer Staple Industry.Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Key Apple Market Driver

The increasing demand for superfoods is one of the major drivers impacting the market growth. Superfoods have high nutritional value. Apples are classified as one of the major superfoods as they are a powerful source of antioxidants such as polyphenols and flavonoids, as well as various other essential nutrients such as fiber, potassium, and vitamin C. These nutrients provide several health benefits, such as healthier skin and the reduction of cholesterol and diabetes. The numerous nutritional benefits and the growing emphasis on incorporating different types of superfoods, such as apples, in a variety of processed food products are one of the major factors driving the global demand for apples. Superfoods such as apples are being incorporated into processed food products such as cookies, pastries, and cakes. Therefore, the rising global demand for processed food is expected to drive the demand for apples during the forecast period.

Key Apple Market Trend

 Expanding retail space is one of the major trends influencing market growth. The expansion of retail space across the world is expected to positively influence the market. The global retail market is witnessing continuous growth owing to strong economic growth and urbanization. E-commerce is becoming a popular medium for consumers to purchase apples, and it is expected to contribute to the growth of the market in focus during the forecast period. Shopping convenience is one of the many factors popularizing online channels. Walmart, Costco Wholesale Corp. (Costco Wholesale), The Kroger Co. (Kroger), and Schwarz GmbH and Co. KG (Schwarz) are some of the leading retailers that sell apples. Traditional sales channels for apples have always been supermarkets, hypermarkets, and convenience stores. Traditional retail stores sell various brands offered by vendors, and consumers can easily choose from the best brands available. Therefore, the growing focus on retail space expansion by vendors is expected to increase the retail sales of apples. This will accelerate the growth momentum of the market during the forecast period.

Key Apple Market Challenge

Frequent product recalls are one of the major challenges impeding market growth. Vendors operating in the market face a huge threat from frequent product recalls that are initiated because of the non-compliance of a product with regulatory standards, mainly safety regulations. Most manufacturers purchase or source raw materials from third-party suppliers. Improper handling of these raw materials can lead to cross-contamination and adversely affect the safety and quality of finished products. Food safety compliance authorities across regions have the authority to shut down a business and recall its products from the market if the products pose a threat to the well-being of consumers. Product recalls severely affect a company's brand image, operations, and sales globally, hampering the further growth of the focused market worldwide during the forecast period.

This apple market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Apple Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as

• Anderson Orchard
• Auvil Fruit Co. Inc.
• Batlow Fruit Co. Pty Ltd
• Borton and Sons
• CMI Orchards LLC
• Evans Fruit Co
• Fowler Farms
• Fruit Hill Orchard
• Gebbers Farms
• Gilbert Orchards
• Hope Orchards
• Kroger Co.
• Mercier Orchards
• Roche Fruit
• Shenandoah Valley Orchards
• Singh Apple Orchards
• Stemilt Growers LLC
• Symms Fruit Ranch Inc
• W. F. Montague Pty Ltd
• Washington Fruit Growers

Market Overview

Technavio categorizes the market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats products market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Technavio calculates the global packaged foods and meat market size based on the combined revenue generated by the vendors operating in the market. The market does not include manufacturers of food processing equipment. The market also excludes producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Growth of the global packaged foods and meats market will be driven by the following factors: Health benefits associated with intake of minimally processed food: Minimally processed food, such as vegetables, are rich sources of nutrients such as potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.

Apple Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

Which are the Key Regions for Apple Market?

44% of the market’s growth will originate from APAC during the forecast period. Turkey, China, and India are the key markets for the market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing awareness about the several health benefits of apples among consumers will facilitate the market growth in APAC over the forecast period. The demand for apples is expected to increase in the region during the forecast period because of the growing awareness about the health benefits of apple consumption among consumers, the improving economic conditions, and the increasing availability of apples across various distribution channels.This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

 The online sales of apple are increasing in the region owing to the rising number of smartphone users and the increasing internet penetration. Amazon is one of the largest online platforms selling apples in India. Online platforms showcase different brands of apples offered by various vendors, and consumers can easily choose from the available brands. The growing focus of vendors on retail space expansion because of the rising demand for various types of fresh fruits, including apples, will increase the retail sales of apples. For instance, in November 2021, to fulfill the rising demand for fresh fruits and vegetables across retail space in India, The Tata Group, an Indian multinational conglomerate-owned e-grocery brand BigBasket, opened its first brick-and-mortar shop Fresho in Bangalore.

COVID Impact and Recovery Analysis

Several vendors adopted effective techniques to sell apples or apple-based F&B items online in Q3 2020, helping the market to cope with the pandemic's negative effects by registering growth through online segments. In addition, lockdown restrictions were also removed in several countries in the region in 2021 as a result of extensive vaccination drives. Many commercial and developmental initiatives, both online and offline, were able to resume as a response. Therefore, the demand for apples in APAC is expected to grow, thus promoting the growth of the regional market during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Apple Market?

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The market share growth in the offline segment will be significant during the forecast period. Offline distribution channels ease the purchasing process of consumers and allow them to choose from a diverse range of fresh fruits, including apples. The increase in the number of retailers offering apples under their brands will be one of the significant factors boosting the sales of apples through offline distribution channels. A multinational retail corporation that operates a chain of supermarkets, hypermarkets, and departmental and grocery stores, offers a wide variety of apples. Some of the popular products offered by this company are Gala Apples, Honeycrisp Apples, Granny Smith Apples, SweeTango Apples, and Rockit Apples. Additionally, Some traditional retail stores have focused on expansions, offering varieties of fresh fruits is expected to increase the retail sales of apples and propel the growth of the  market during the forecast period.

The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.

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What are the Key Data Covered in this Apple Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive the growth during the next five years
• Precise estimation of the size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the the industry across APAC, Europe, Middle East and Africa, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of apple market vendors

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