Exotic Fruit Market 2024: Global Demand, Key Trends, and Growth Insights

Exotic Fruit Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The exotic fruit market size has grown strongly in recent years. It will grow from $16.89 billion in 2023 to $18.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to the growing popularity of superfoods, increasing veganism, expanding international trade, the rising popularity of smoothie bowls and juices, and rising interest in functional foods.

The exotic fruit market size is expected to see strong growth in the next few years. It will grow to $23.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to growth in online grocery shopping, increasing global tourism exposure, growing popularity of natural sweeteners, increase in disposable income, and rising awareness of antioxidant-rich foods. Major trends in the forecast period include innovation in fruit preservation techniques, eco-friendly farming techniques, exotic fruit-based superfood powders, a shift towards clean-label products, and blockchain technology in exotic fruit supply chains.

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Scope Of Exotic Fruit Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Exotic Fruit Market Overview

Market Drivers -
The increasing demand for organic fruits is expected to propel the growth of the exotic fruit market going forward. Organic fruits refer to fruits grown without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), adhering to environmentally friendly farming practices. The demand for organic fruit is high due to increasing consumer awareness of health benefits, environmental sustainability, and a preference for chemical-free products. Incorporating exotic fruits such as dragon fruit, rambutan, and guanabana into organic fruit selections offers a unique and varied array of nutrient-rich choices for health-conscious consumers. For instance, in May 2023, according to the Organic Trade Association, a US-based non-profit organization, in 2021, organic fruits and vegetables generated over $21 billion in revenue, rising to $22 billion in 2022, while the overall share remained steady at 15% in both years. Therefore, the increasing demand for organic fruits is driving the growth of the exotic fruit market.

Market Trends -
Major companies operating in the exotic fruit market are focusing on advanced packaging technologies, such as sustainable consumption patterns, to meet growing consumer demand for environmentally friendly and ethically sourced products. Sustainable consumption patterns involve minimizing waste, reducing environmental impact, and ensuring that production and consumption practices are socially, economically, and environmentally responsible. For instance, in September 2023, Frieda's Branded Produce, a US-based food and beverage services company, launched Frieda's Passion Fruit Three-Pack. Frieda's passion fruit three-pack stands out with its unique combination of sweet and tart flavors, packaged for convenience and freshness. Its bold, vibrant design not only protects the delicate fruit but also captures attention, making it an exciting exotic fruit option for consumers.

The exotic fruit market covered in this report is segmented -

1) By Type: Passion Fruit, Rambutan, Dragon Fruit, Durain, Other Types
2) By Category: Organic, Conventional
3) By Distribution Channels: Online Platforms, Offline Specialty Stores
4) By End-Use: Commercial, Residential

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Regional Insights -
Asia-Pacific was the largest region in the exotic fruit market in 2023. The regions covered in the exotic fruit marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -
Major companies operating in the exotic fruit marker are Dole plc, Del Monte Foods Inc., Fyffes International Holdings Limited, Nature's Pride B.V., The Fruit Company, Bai Brands LLC., SPECIAL FRUIT NV., TFC Holland B.V., SOL Organica, Sun World International LLC, Vegaproduce, Regalis Foods, Lemonconcentrate S.L.U., Farmley, Tropical Fruit Box, Melissa's, La Fruitière du Val Evel, Barth Fruit AG/LTD., DECCAN EXOTICS PRIVATE LIMITED, Veliyath Garden

Table of Contents
1. Executive Summary
2. Exotic Fruit Market Report Structure
3. Exotic Fruit Market Trends And Strategies
4. Exotic Fruit Market - Macro Economic Scenario
5. Exotic Fruit Market Size And Growth
…..
27. Exotic Fruit Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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