Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 3.78 Billion | USD 5.16 Billion | CAGR at 3.50% | 2023 |
According to the report published by Zion Market Research, the global Fresh Cherries Market size was valued at USD 3.78 Billion in 2023 and is predicted to reach USD 5.16 Billion by the end of 2032. The market is expected to grow with a CAGR of 3.50% during the forecast period. The report analyzes the global Fresh Cherries Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Fresh Cherries Market industry.
The cherry fruits are received from cultivars of a restricted amount of species such as the sour cherry and the sweet cherry. The global fresh cherries market has been seeing a stable increment. The title “cherry” also points to the tree of cherry, and is sometimes implied to almonds and visually analogous trees of flowering such as the "cherry blossom" or "ornamental cherry."
With the rising consciousness related to the damaging impact of preservatives, users all over the world prefer vegetables and fresh fruits. This is also mirroring greatly on the requirement for fresh cherries. The rising usage of fresh cherries in up-and-coming economies, powered by the increment in the buying power of users, is expected to contribute considerably to the development of fresh cherries market in the upcoming period.
Basically, the global fresh cherries market is categorized based on sales channel, taste, and the application.
On the basis of taste, the global market is distinguished into sour and sweet. Sweet cherries are seeing a much-elevated requirement in comparison to sour cherries. The subdivision is anticipated to hold over 60% of the entire market in the coming period and is anticipated to stay prevailing over an upcoming couple of years.
As per the sales channel, the fresh cherries market is segmented into traditional grocery stores, modern trade, online channels, convenience stores, and various retail formats including direct sales. Convenience stores and traditional grocery stores are the major sales channels for the sales of fresh cherries and this condition is anticipated to stay so over the near future. Direct sales and online channels are also receiving energy in this fresh cherries market.
As per the application, it is segmented as dairy beverages, direct consumption, jellies, ice creams, alcoholic beverages, and salads. Amongst these, the usage of cherries is more into bakery, tarts, jellies, and jams than other application regions.
Report Attributes | Report Details |
---|---|
Report Name | Fresh Cherries Market Research Report |
Market Size in 2023 | USD 3.78 Billion |
Market Forecast in 2032 | USD 5.16 Billion |
Growth Rate | CAGR of 3.50% |
Number of Pages | 201 |
Key Companies Covered | Rainier Fruit Co., Leelanau Fruit Co., Vitin Fruits, Dell's Marachino Cherries, The Global Green Co. Ltd., Alacam Tarim, Hood River Cherry Co., Smelterz Orchard Co., and BEL'EXPORT NV among others |
Segments Covered | By Sales channel, By Taste, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global fresh cherries market is also segmented based on its regional reach. Europe, North America, Asia Pacific excluding Japan, the Middle East and Africa, Latin America, and Japan are believed as the main geographical markets for fresh cherries all over the globe. The region of Asia Pacific excluding Japan has come out as the dominant provincial fresh cherries market with the arrival of China as an important user of fresh cherries. In addition to this, it is expected to maintain its development streak on the upcoming period.
China provides exceptional chances for the growth of the global fresh cherries market owing to the increasing usage of cherries, activated by the rapid urbanization and the rising acceptance of western culture. The elevating disposable revenue of users is also predictable to add up to the augmented requirement for cherries in this nation. As a result, this is expected to drive the global fresh cherries market in the region of Asia Pacific excluding Japan in the forthcoming time. The markets in North America and Europe will also see stable development in the upcoming time, owing to the U.S. and Turkey coming out as the top makers of cherries all over the globe.
Key players of the global fresh cherries market include:
By Sales channel
By Taste
By Application
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