According to a new report published by Introspective Market Research, titled, “Cherry Seeds Market by Bike Type, Sharing System, and User Type: Global Opportunity Analysis and Industry Forecast, 2024–2033,”
Global cherry seeds market size was valued at USD 10,285.75 Million in 2023, and is projected to reach $ 14,540.76 Million by 2032, registering a CAGR of 5.07% from 2024 to 2032.
Cherry seeds are the small, hard pits found inside the fruits of the cherry tree. They can be used for other purposes such as extracting their oil which is used in skincare products and aromatherapy.
It can be used as a natural flavouring agent and decorative agent in food products and also can be used as a natural fertilizer due to the high percentage of nitrogen which helps for healthy plant growth. Cherry seeds may have medicinal properties, antioxidants, essential fatty acids, and vitamins which help to promote hydration, reduce signs of aging, and protect the skin against oxidative stress. A company used cherry pits and cherry by-products for making cherry crush paper. The paper is mainly used for business cards, catalogue covers, and notebook covers.
Global Cherry Seeds Market, Segmentation
The Cherry Seeds market is segmented based on Type, Application, Form, Distribution Channel, End-user, and region.
Form:
The extracts and oils derived from cherry seeds have gained popularity due to their potential health benefits. These can be used in various industries including pharmaceutical, and cosmetics. In culinary, it adds a unique touch and enhances the taste and aroma of dishes. The oils are more easily available at supermarkets, pharmacies, health food stores, and online platforms than other segments. It can be formalized with other products and expanded markets to reach and satisfy the needs of a wide consumer base.
Type:
The natural sweetness in sweet cherries appeals to a broad range of consumers. They offer versatility in culinary applications as compared to other varieties. These are often traded internationally due to their popularity and high demand compared to other segments. The wastage is utilized to produce biofuels and animal feed resulting in the dominance. These cherries are easier to cultivate with high yield and improved disease resistance. This further drive demand for their seeds.
Region:
The regional analysis of the Global cherry seeds market highlights the dominance of the Asia Pacific region. The region has a large population with changing dietary preferences and taste preferences. The rise in disposable income, changes in consumer preferences, and increase in urbanization increase the demand for high-quality, premium products. The region cultivates high-quality cherry seeds which results in export. The government's supportive agricultural policies and initiatives boost the cultivation and export of cherries and cherry seeds further contributing to growth and dominance of the cherry seeds market in the region.
Some of The Active Market Players Are-
- Cherry Farms Company
- Sancak Ic Ve Dis Ticaret Limited Sirketi (Turkey)
- Cekirdek Tarim ve Gida San. Tic. Ltd. Sti. (Turkey)
- Habay Gida (Turkey)
- Quality Seeds 4 Less (US)
- Shanghai Fairy Valley Industrial (China)
- Borton Fruit (United States)
- Dole Food Company, Inc. (United States)
- Earthoil (United Kingdom)
- A.G. Organica (India)
- Plum Goodness (India)
- B.J. Yule & Sons (United States)
- Bristow Fruit Company (United States)
- Honeybear Brands (United States)
- Organic Prunus Avium Seed Oil
- T & G Global Limited (New Zealand)
- Favini (Italy)
- Akoma International UK Ltd. (United Kingdom)
- Zeytinburnu Flower and Seed (Turkey)
- Sakata Seed Corporation (Japan)
- Monsanto Company (United States)
- DLF Seeds (Denmark)
- Syngenta AG (Switzerland) and Other active key players
Key Industry Developments
- In March 2024, Hemp Foods Australia launched its beauty-from-within supplement which is a vegan collagen product for hair, skin, and nails. This product mainly contains bamboo silica, Hyaluronic acid, beetroot powder, and cherry seed powder.
- In October 2024, Byroe New York beauty launched Black Cherry Plump Lip Oil. This is a lip gloss and oil with a tint made of black cherry, jojoba oil, and sunflower seed oil.
Key Findings of the Study
- Global cherry seeds market growth driven by its application in cosmetics industry.
- Pharmaceutical and cosmetics industries offer significant opportunities for the growth of the cherry seeds market by reducing the wastage rate.
- The extracts and oils derived from cherry seeds have gained popularity due to their potential health benefits and wide range of applications.
- The factors such as temperate climates, fertile soils, and adequate water availability create favourable conditions for the cultivation of cherry trees, resulting in high-quality cherry seeds.
