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The lychee market share is expected to increase by USD 1.52 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.02%.
This lychee market research report covers lychee market segmentation by distribution channel (offline and online) and geography (Europe, North America, APAC, Middle East and Africa, and South America). The lychee market report also offers information on several market vendors, including Australian Lychee Growers Association, Caribbean Gold Fruit and Herbal Teas, Delicious Orchards, Four Season Foods Co. Ltd., Fresh AS, Freshway Produce Inc., Friedas Inc., GREEN WORLD IMPORT EXPORT Co. Ltd., Joe Ry Family Co. Ltd., KediaFresh, M. Levin and Co., Montse Fruits Inc., Naga Gardens, NAM VAN LONG Co. Ltd., Orgpick Pvt. Ltd., Sweet Seasons LLC, The Forager Food Co., Tianjin TTN Technology Co. Ltd., Vega produce LLC, and Viva Tiger among others.
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Technavio categorizes the global lychee market as a part of the global packaged foods and meats market. 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 lychee market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the lychee market encompasses successful business strategies deployed by the key vendors. The lychee market is fragmented and the vendors are deploying growth strategies such as the expansion of distribution channels to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The lychee market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
The growing demand for lychee is notably driving the lychee market growth, although factors such as impact of global climate changes may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lychee industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Lychee Market Driver
One of the key factors driving the global lychee market growth is the growing demand for lychee owing to its multiple health benefits. For instance, in March 2021, the Japanese Ministry of Agriculture, Forestry, and Fisheries (MAFF) granted a Geographical Indication (GI) certificate to lychees grown in Luc Ngan District in the northern province of Bac Giang. The GI certificate proved the quality of Luc Ngan lychee has international standards and opened up for the lychees to be shipped in Japan and other markets with strict import standards. In a major boost to the export of GI-certified products, Shahi Litchi from Bihar was exported to the UK in May 2021. The fruit is being sourced from farmers in Muzaffarpur, Bihar. The Litchi is being imported by H and J Veg, London. Such factors will drive the market growth during the forecast period
Key Lychee Market Trend
Increasing demand for organic fruits is one of the key lychee market trends that is expected to impact the industry positively in the forecast period. Organic food products are gaining popularity worldwide as they are produced without synthetic fertilizers, chemical pesticides, artificial ingredients, and genetic engineering. As organic farming enhances nutrients in the soil, agricultural products grown in such soils are of high quality. Thus, owing to the increase in demand for organic products such as fruits and others, farmers are shifting to organic techniques of farming. For instance, in November 2021, India, Mumbai-based Zama Organics built a network of 50,000 certified farmers. Zama's network of farmers is spread across all regions in India whose seasonal produce such as lychee and others come from farmers across the country. Such factors are expected to further support the market growth in the coming years.
Key Lychee Market Challenge
One of the key challenges to the global lychee market growth is the impact of global climate changes. Water required for agricultural production may become more scarce due to increased crop water use and drought, which negatively the production of fruits such as lychee. Competition for land may increase as certain areas become climatically unsuitable for production. For instance, in 2020, Due to La Nina, production areas of lychee in China faced severe challenges, which led to a severe fall in production. During 2020-2021, unfavorable weather' added to worries of Bihar's, India, litchi farmers. High temperatures throughout March and heatwaves and hailstorms in April and May hit the yield of lychee during 2020-2021. In many places, only half tress had blossomed in 2020. Thus, the market may face uncertainty during the forecast period due to the negative impact of weather.
This lychee 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.
Our report provides extensive information on the value chain analysis for the lychee market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market's growth will originate from North America during the forecast period. The US is the key market for lychee in North America. Market growth in this region will be faster than the growth of the market in other regions.
The significant increase in the demand for healthy, nutritious, and convenient foods and beverages, especially for 100% natural and organic juices will facilitate the lychee market growth in North America over the forecast period. 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.
COVID Impact and Recovery Analysis
At the outset of the COVID-19 pandemic, many retail stores experienced shortages of certain fruits such as lychee because of the disruptions to farm labor and workers in processing in the region. Also, the lockdown restriction and fluctuation in raw materials prices disrupted agriculture in the region and thus negatively impacted the market in focus. However, on the positive side, fruit consumption and sales have increased during the COVID-19 pandemic. Thus, the increase in demand for lychee and smart agricultural techniques for fruits will positively impact the regional market in focus during the forecast period.
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The lychee market share growth by the offline segment will be significant during the forecast period. The leading position of this channel can be attributed to the growth of the organized retail sector. Consumers prefer supermarkets and hypermarkets due to the availability of products of all categories under a single roof, which is not possible in smaller shops.
This report provides an accurate prediction of the contribution of all the segments to the growth of the lychee market size and actionable market insights on post COVID-19 impact on each segment.
Processed Fruits market - The market share is expected to increase by USD 160.83 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.24%.
Kiwi Fruits market - The market share is expected to increase to USD 2.74 billion from 2021 to 2026, at a CAGR of 4.3%.
Lychee Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.02% |
Market growth 2022-2026 |
$ 1.52 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.48 |
Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, China, Vietnam, The Netherlands, and Belgium |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Australian Lychee Growers Association, Caribbean Gold Fruit and Herbal Teas, Delicious Orchards, Four Season Foods Co. Ltd., Fresh AS, Freshway Produce Inc., Friedas Inc., GREEN WORLD IMPORT EXPORT Co. Ltd., Joe Ry Family Co. Ltd., KediaFresh, M. Levin and Co., Montse Fruits Inc., Naga Gardens, NAM VAN LONG Co. Ltd., Orgpick Pvt. Ltd., Sweet Seasons LLC, The Forager Food Co., Tianjin TTN Technology Co. Ltd., Vega produce LLC, and Viva Tiger |
Market dynamics |
Parent market analysis, 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 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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