Cherries Global Market Report 2024 by The Business Research Company | Dole Plc, Del Monte Foods Inc, Maple Leaf Foods, Unifrutti Group, Gebbers Farms, Stemilt Growers, WASHINGTON FRUIT GROWERS, Driscoll's Inc., Borton Fruit, Zirkle Fruit Company,

The cherries market size has grown strongly in recent years. It will grow from $58.15 billion in 2023 to $63.03 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to awareness of the health benefits of cherries, disposable incomes, and urbanization, government policies and regulations supporting the growth of the cherry industry, increased consumer demand for fresh and healthy food options, changes in consumer preferences.

The cherries market size is expected to see strong growth in the next few years. It will grow to $88.11 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to the growing demand for organic and natural food products, increased focus on sustainability and environmental responsibility in the cherry industry, rise of e-commerce platforms and online sales channels, growing interest in functional foods and nutraceuticals, improvements in cherry cultivation techniques and crop management. Major trends in the forecast period include growing popularity of dried cherries as a snack, expansion of cherry varieties available in supermarkets, rising interest in cherry-infused beverages and cocktails, adoption of sustainable farming practices in cherry cultivation, and development of innovative cherry-based skincare products.

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Cherries Market Major Segments
The cherries market covered in this report is segmented -

1) By Type: Sweet, Sour
2) By Varieties: Bing, Rainier, Lambert, Lapkins
3) By Application: Direct Consumption, Cakes And Bakery, Candy And Snacks, Jams And Juice, Alcoholic Beverages, Other Applications
4) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Online

Key Driver - Cherries Market Thrives Amidst Surge In Plant-Based Diet Popularity

The growing popularity of plant-based diets is expected to drive the cherries market going forward. A plant-based diet involves consuming predominantly or exclusively foods derived from plants, including fruits, vegetables, grains, nuts, and seeds, while excluding or minimizing animal products such as meat, dairy, and eggs. The growing popularity of plant-based diets is due to increasing awareness of health benefits, environmental concerns, and ethical considerations regarding animal welfare. Cherries are used in plant-based diets as a flavorful ingredient in salads, smoothies, desserts, and sauces. For instance, in June 2021, according to the report published by Grubhub, a US-based online and mobile food ordering and delivery platform, vegan food delivery orders saw a 17% increase, with plant-based burger orders rising by 28% and vegetarian orders experiencing a 55% rise in 2021 compared to 2020. Therefore, the growing popularity of plant-based diets is driving the cherries market.

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Prominent Trend - Key Players Advancements In Cherry Production

Major companies in the cherries market focus on innovative production lines to optimize harvesting processes and enhance supply chain management. A creative production line incorporates cutting-edge technologies, automation, and efficient methods to optimize manufacturing operations and improve productivity. For instance, in April 2024, FirstFruits Farms Inc., a US-based apple packer, grower, and shipper company, introduced a cutting-edge cherry production line in Prescott, Washington. They are boasting advanced technology that enables complete automation, ensuring the delivery of top-notch fruit to customers. UNITEC's solutions will be configured to process both Rainier and Dark Sweet cherry varieties seamlessly, incorporating packaging options such as clamshells, pouch bags, and top seal capabilities. This streamlined equipment is poised to boost the company's production capacities substantially.

Cherries Market Players
Major companies operating in the cherries market are Dole Plc, Del Monte Foods Inc, Maple Leaf Foods, Unifrutti Group, Gebbers Farms, Stemilt Growers, WASHINGTON FRUIT GROWERS, Driscoll's Inc., Borton Fruit, Zirkle Fruit Company, Chelan Fresh, Columbia Fruit Packers Inc., Domex Superfresh Growers, Rainier Fruit Co., Valley Fresh Produce, Naturipe Fruits, Smeltzer Orchard Company LLC, CMI Orchards LLC., Leelanau Fruit Co., Alaraagri.com, Hood River Cherry Company, Global Green Company, CherryHill Orchards Pty Ltd, Perfecta Produce, AMAZONIA BIO

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the cherries market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cherries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cherries Market Report Structure
3. Cherries Market Trends And Strategies
4. Cherries Market - Macro Economic Scenario
5. Cherries Market Size And Growth
…..
27. Cherries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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