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The fresh cherries market size is forecast to increase by USD 23.76 billion between 2022 and 2027, accelerating at a CAGR of 8.32%. The market share is significantly influenced by the health advantages associated with fresh cherries. Renowned for their exceptional health benefits, fresh cherries are experiencing a surge in global consumption. These benefits encompass enhanced heart health, alleviation of arthritis and gout symptoms, and improved sleep quality. Abundant in quercetin, a potent antioxidant, they safeguard brain cells, enhance memory, and reduce the risk of type 2 diabetes by protecting pancreatic tissue. Additionally, they contain anti-inflammatory compounds that bolster immunity and help prevent asthma. Furthermore, their high vitamin content (C, A, and K) promotes healthy skin and finds applications in various processed foods and beverages, thus propelling the growth of the global market.
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In 2017, China held the largest market share, projecting an annual revenue of USD 9.29 billion. The report covers the Market industry forecast and is segmented into Type including conventional and organic, Distribution Channel including offline and online, and Geography including APAC, Europe, North America, Middle East and Africa, and South America. The market size, historical market size (2017-2021), and forecasts are provided on the basis of value (USD billion) for all the above segments.
Conventional Segment Leads the Market
The conventional segment was valued at USD 26.83 billion in 2017 and continued to grow until 2021. The conventional segment in the market refers to cherries grown using traditional agricultural practices that involve synthetic fertilizers and pesticides. These methods boost plant growth, protect against pests and diseases, and increase yields. Conventional farming offers flexibility and often higher production compared to organic methods. They cater to a wide range of consumer preferences and are more widely available and affordable than organic options. They are popular among those who prioritize factors like taste, availability, and price, driving the growth of the conventional segment in the global market.
Market - Revenue Share by Conventional Segment, 2017-2027
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APAC Holds a Prominent Position in the Market
APAC is estimated to contribute 36% to the growth of the global market during the forecast period.The APAC region plays a significant role in the global market. With its vast expanse and diverse range of countries, the region is a key producer, importer, and consumer. In recent years, the demand for cherries has been steadily increasing, driven by factors such as rising health consciousness, changing dietary patterns, and growing interest in exotic fruits. One of the major producers of cherries in the APAC region is China. The country is the world's largest producer and exporter of cherries, accounting for over 90% of the global market share. The Chinese cherry industry is dominated by the Bing variety, which is known for its large size and sweet taste. The country's favorable climate conditions, coupled with advanced technologies and infrastructure, have helped to increase production and ensure consistent quality.
Market Size, By Region, Global, 2017-2027
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The market is thriving due to the increasing demand for organic and natural products with health benefits. Cherries are rich in antioxidants, fiber, and vitamins, making them a popular choice for consumers seeking nutritious snacks and ingredients for desserts, juices, and jams. With different varieties available, including tart and dark cherries, consumers have diverse options to incorporate cherries into their diets. The trade and consumption of fresh cherries have witnessed growth, driven by their association with promoting heart health, reducing inflammation, aiding sleep, and potentially preventing cancer. To meet demand and ensure quality, advancements in transportation and shelf-life extension technology are enhancing the production and availability of fresh cherries worldwide.
Key Market Driver
The health benefits of fresh cherries is a key factor driving the market share. Fresh cherries, known for their remarkable health benefits, are increasingly consumed worldwide. These benefits include improved heart health, relief from arthritis and gout symptoms, and better sleep quality. They are rich in quercetin, a powerful antioxidant that protects brain cells, enhances memory, and reduces the risk of type 2 diabetes by safeguarding pancreatic tissue. They also offer anti-inflammatory compounds that boost immunity and prevent asthma. Moreover, their high vitamin content (C, A, and K) promotes healthy skin and is used in various processed foods and beverages, driving the global market's growth.
The Market is fragmented in nature. Some significant players include BC Tree Fruits, Borton Fruits, California Cherries, Chelan Fresh, CherryHill Orchards Pty Ltd
The Market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
CMI Orchards LLC, Columbia Fruit Packers Inc., Dole plc, Domex Superfresh Growers, FirstFruits Farms, Friuts from Chile, Montacute Valley Orchards, NZ Cherry Corp, Peterson Farms Inc., Rainier Fruit Co., SD REID HOLDINGS PTY LTD, SICA SAS SICODIS , Stemilt Growers LLC, Washington State Fruit Commission., and Yarra Valley Cherries
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
The market is witnessing robust growth driven by the increasing demand for organic and natural products rich in antioxidants, vitamins, and fiber. Consumers are increasingly opting for fresh cherries as a healthy snack option due to their various health benefits, including anti-inflammatory properties and cancer-fighting antioxidants like anthocyanin and beta carotene. Different varieties of cherries, such as tart cherries, sweet cherries, and sour cherries, cater to diverse consumer preferences in desserts, juices, jams, and fresh beverages. Despite challenges posed by weather conditions like frost, hail, and excessive heat affecting production and shelf life, the market continues to thrive with the availability of frozen and dried cherries, extending shelf life and enabling year-round consumption in various food and beverage products, including cakes, sweets, snacks, juices, and alcoholic beverages. Additionally, the rising demand for premium fruits and vitamin-rich products, coupled with the growing popularity of cherries in cosmetics and skincare goods for their anti-inflammatory qualities, further fuels market expansion and innovation.
The market is influenced by various factors, including the production and consumption patterns, trade dynamics, and nutritional value of cherries. Cherries are a popular choice among consumers seeking nutrient-rich fruits, particularly those grown organically and sustainably. Rich in vitamins A, calcium, carotenoids, protein, iron, and potassium, cherries offer numerous health benefits, including combating inflammation and promoting overall well-being. Despite being available in frozen form, fresh cherries remain highly sought after due to their superior taste and texture. However, challenges such as sugar content and shelf-life limitations drive the adoption of shelf-life extension technologies. Fresh cherries find applications in various food products, including bakeries, ice creams, jellies, salads, and dairy beverages, catering to the growing demand for vitamin-rich fruits in the commercial service industry.
Fresh Cherries Market Scope |
|
Report Coverage |
Details |
Page number |
144 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.32% |
Market growth 2023-2027 |
USD 23.76 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.0 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
BC Tree Fruits, Borton Fruits, California Cherries, Chelan Fresh, CherryHill Orchards Pty Ltd, CMI Orchards LLC, Columbia Fruit Packers Inc., Dole plc, Domex Superfresh Growers, FirstFruits Farms, Friuts from Chile, Montacute Valley Orchards, NZ Cherry Corp, Peterson Farms Inc., Rainier Fruit Co., SD REID HOLDINGS PTY LTD, SICA SAS SICODIS , Stemilt Growers LLC, Washington State Fruit Commission., and Yarra Valley Cherries |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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