Fruit Cultivation Market Trends, Top Companies, Share, Growth And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Fruit Cultivation Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The fruit cultivation market size has grown strongly in recent years. It will grow from $5.38 billion in 2023 to $5.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to climate variability, technological advances, government policies, market demand, and pest and disease outbreaks.

The fruit cultivation market size is expected to see strong growth in the next few years. It will grow to $7.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to sustainability initiatives, innovations in water management, climate change adaptation, rising global population, and advancements in biotechnology. Major trends in the forecast period include growth in organic farming, smart farming technologies, expansion in tropical fruits, sustainable packaging, and a shift towards climate-resilient crops.

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Market Drivers and Trends:

The awareness about the importance of a healthy diet is expected to propel the growth of the fruit cultivation market going forward. Awareness about the importance of a healthy diet has grown due to rising health issues such as obesity and chronic diseases and increased access to nutritional information promoting long-term well-being. Fruit cultivation in a healthy diet provides essential vitamins, minerals, and antioxidants, which support overall health and help prevent chronic diseases. Additionally, fruits offer dietary fiber that aids digestion and promotes satiety. For instance, in May 2023, according to the International Food Information Council, a US-based nonprofit organization supported by the food, beverage, and agricultural industries, the percentage of Americans who say they followed a diet or eating pattern in the past year increased to 52% in 2022 from the previous four years' averages of 39% in 2021 and 43% in 2020. Three out of ten Americans say they consume more protein from whole plant sources. The top four diets or eating styles in 2022 were clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based eating (12%). Therefore, awareness about the importance of a healthy diet is driving the growth of the fruit cultivation market.

Major companies in the fruit cultivation market are heavily investing in technological advancements, particularly in electric harvesting equipment, to enhance efficiency, reduce labor costs, and address sustainability concerns. Electric harvesting machinery offers numerous advantages, including reduced fuel consumption and lower carbon emissions, aligning with the increasing demand for environmentally friendly agricultural practices. For instance, in October 2023, Munckhof Fruit Tech Innovators, a Netherlands-based machining manufacturing company, introduced the new hybrid Pluk-O-Trak. This is an electric harvesting aid designed to improve efficiency and reduce environmental impact. It can be easily recharged in orchards with a 220V power connection or a built-in diesel generator. Its advanced design increases picking performance by 20% to 40% while reducing fruit damage by up to 50%. The machinery features such as automatic bin changes, cruise control, and four-wheel drive enhance productivity and maneuverability, making it suitable for diverse terrains and row widths of 2.8 to 5 meters.

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Major Key Players of the Market:

Dole Food Company, Chiquita Brands International, SanLucar Fruit S.L., Sun Pacific Inc., Wonderful Citrus LLC, Fresh Del Monte Produce Inc., Limoneira Company, Sunkist Growers Inc., Alico Inc., Southern Gardens Citrus, Kings River Packing, Driscoll's Inc., J & J Farms, Citri&Co, Vinut Beverage, GVS Fruit Company, Deccan Exotics, Golden Star Citrus Inc., GENERATIONS Food And Produce, Kölla The Fruit Company, Hayleys Agriculture Holding Limited

Fruit Cultivation Market 2024 Key Insights:

• The fruit cultivation market size is expected to see strong growth in the next few years. It will grow to $7.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
• Awareness About The Importance Of A Healthy Diet Drives The Growth In The Fruit Cultivation Market
• Technological Advancements In Cultivation Enhancing Precision And Reducing Waste
• Asia-Pacific was the largest region in the fruit cultivation market in 2023

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