Press release
Fresh Cherries Market is expected to reach USD 124.92 Bn. by 2029, at a CAGR of 7.02% during the forecast period
Fresh Cherries Market
Fresh cherries, enriched with vitamins, have gained popularity as versatile dietary additions. This fruit's wide array of applications has fueled its increasing demand over the years. Cherries are cultivated by a vast number of growers, and the industry holds promising prospects due to global shifts in consumption habits and preferences. Cherries find application not only as fresh produce but also in confectionery, bakery, jams, beverages, and more. According to global trade data, fresh cherries were the highest traded product in 2022, estimated at US$ 3.72 billion.
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Fresh Cherries Market Dynamics:
The surge in health-consciousness among consumers has driven the preference for fresh fruits over preserved alternatives, leading to a decline in the preservative industry. This shift has significantly contributed to the demand for cherries, given their health benefits. Cherries, rich in nutrients and various health-promoting compounds, have been associated with blood sugar regulation, weight management, cholesterol reduction, and cardiovascular health. This nutritional profile has propelled the growth of the global Fresh Cherries Market.
The utilization of fresh cherries in diverse applications, such as ice creams, jellies, salads, dairy beverages, and alcoholic beverages, has emerged as a pivotal driver for the market's expansion. Increasing disposable income, a rising population, and growing inclination toward fresh fruits and vegetables are anticipated to further foster market growth.
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Fresh Cherries Market Segmentation:
by Taste
Sweet
Sour
The market for fresh cherries worldwide is divided into Sweet and Sour subsegments based on taste. 97% of the market was accounted for by the Sweet Cherries category in 2022. due to people's increased awareness of their own health. Additionally, sweet cherries are becoming more and more of a standard in comparison to tart cherries. In the foreseeable future, the area is anticipated to control more than 60% of the entire market and to continue to lead for a few years.
by Sales Channel
Retail Stores
Hypermarket
Online
Retail Stores, Supermarkets, and Online are the three subsectors of the global market for fresh cherries based on sales channel. In 2022, the segment with the biggest share was Retail Stores. The primary sales channels for fresh cherries are retail stores and conventional grocery stores, and it is projected that this situation will persist in the foreseeable future. During the forecast period, the online sector is anticipated to develop at the greatest CAGR in the global market for fresh cherries. Since many customers are aware of e-commerce websites, this channel gives customers options.
by Application
Bakery
Jams
Jellies
Ice Creams
Salads
Dairy Beverages
Direct Consumption
Alcoholic Beverages
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Fresh Cherries Market Key Players:
1. Diva Agro Ltd
2. SICA SAS SICODIS
3. Cherry Hill Orchards
4. Alara Agri
5. Perfecta Produce
6. Leelanau Fruit Co.
7. Northstar Organics
8. Vitin Fruits
9. Hood River Cherry Co.
10. Smelterz Orchard Co.
11. Alacam Tarim
12. The Global Green Co. Ltd.
13. Rainier Fruit Co.
14. Dell's Marachino Cherries
15. Reid Fruits
16. BEL'EXPORT NV
17. AMAZONIA BIO
18. Karsu Fruit
19. Elis Global Inc.
20. Nidal Fresh Co
Table of content for the Functional Ingredients Market includes:
1. Global Functional Ingredients Market: Research Methodology
2. Global Functional Ingredients Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Functional Ingredients Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Functional Ingredients Market Segmentation
• Global Functional Ingredients Market, by Taste (2022-2029)
• Global Functional Ingredients Market, by Sales Channel (2022-2029)
• Global Functional Ingredients Market, by Application (2022-2029)
5. Regional Functional Ingredients Market (2022-2029)
• Regional Functional Ingredients Market, by Taste (2022-2029)
• Regional Functional Ingredients Market, by Sales Channel (2022-2029)
• Regional Functional Ingredients Market, by Application (2022-2029)
• Regional Functional Ingredients Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Regional Insights:
The Asia Pacific region leads the global Fresh Cherries Market during the forecast period from 2023 to 2029, holding the largest market share in 2022. The rapid industrialization, coupled with the rising demand for fresh cherries in bakery products, is driving the growth in developing countries such as China and India. China, in particular, with advancements in agricultural technologies and a surge in the consumption of healthy beverages, dominates the production landscape. The market is anticipated to maintain a significant share in the region, facilitated by expanding global dietary trends and cross-border commodity exchange.
In North America, fresh cherries enjoy robust demand, with countries like the United States and Canada contributing to this trend. As consumers become increasingly aware of the health benefits of fresh produce, Europe is projected to experience moderate growth in the Fresh Cherries Market.
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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