Market Size – USD 54.68 Billion in 2021, Market Growth - CAGR of 7.85%, Market Trends –the increasing demand from electronics industry is widening the scope for Fresh Cherries Market.
According to the current analysis of Introspective Market Research, the global Fresh Cherries Market was valued at USD 54.68 Billion in 2021 and is expected to reach USD 92.80 Billion by the year 2028, at a CAGR of 7.85%.
Fresh cherries are vitamin-rich fruits that can be used in a variety of ways in the diet. It has grown in popularity over time as a result of its wide range of applications. This fruit is grown by a large number of people. In the long run, however, this business appears to be optimistic, since demand for this fruit will rise due to growing global sharing of eating habits and products. Cherries are primarily consumed raw, but they are also used in baked goods, candy and snacks, jams and juices, alcoholic beverages, and other products. The value of US cherry exports for sweet fresh cherries was $428.7 million in 2021. (2021 ERS). Only fresh sweet cherries and dried cherries are displayed in the statistics for reported US export and import destinations by value. Canada ($149.7 million) was the top market for fresh sweet cherry exports from the United States, followed by South Korea ($93.7 million). The United Kingdom was the top market for dried cherry exports from the United States (ERS 2018). Imports of sweet fresh cherries from the United States were valued at $35.5 million. Fresh sweet cherries were mostly supplied by Chile ($22 million) (ERS 2021).
Fresh cherry is increasingly being used in ice creams, jellies, salads, dairy beverages, and alcoholic beverages around the world, which is fueling the global market's growth. Cherries are high in vitamin A, vitamin C, anthocyanins, calcium, carotenoids, iron, and proteins, all of which help to regulate blood sugar, lose weight, lower cholesterol, and improve cardiovascular health. This is another factor that is anticipated to fuel global market expansion. The global market is expected to develop as disposable income rises, the population grows, and people's preferences for fresh fruits and vegetables grow.
Fresh Cherries Market Report Highlight
- By type, in comparison to sour cherries, sweet cherries have a much higher need. As a result, it is expected to dominate the fresh cherries market over the forecast period.
- By nature, the organic segment is expected to hold a significant fresh cherries market share over the forecast period.
- By application, the bakery product segment is anticipated to register the maximum fresh cherries market share over the forecast period.
- By distribution channel, the fresh cherry market is divided into modern trade, grocery stores, convenience stores, online channels, and others, including direct sales.
- The Asia Pacific will lead the global fresh cherries market during the forecast period. In 2020, Asia Pacific had the greatest market share.
Fresh Cherries Market Segmentation:
By Type
- Sour Cherry
- Sweet Cherry
By Nature
- Organic
- Conventional
By Application
- Direct Consumption
- Bakery Products
- Salads
- Dairy Beverages
- Alcoholic Beverages
- Others
By Distribution Channel
- Modern Trade
- Grocery Stores
- Convenience Stores
- Online Channels
- Other
Major Key Players Fresh Cherries Market:
- Hood River Cherry Co.
- Rainier Fruit Co.
- SICA SAS SICODIS
- CherryHill Orchards
- The Global Green Co. Ltd.
- Alara Agri
- Perfecta Produce
- Reid Fruits
- Leelanau Fruit Co.
- Northstar Organics
- Vitin Fruits
- Diva Agro Ltd
- Smelterz Orchard Co.
- Alacam Tarim
- Dell's Marachino Cherries
- others.
For this report, Introspective Market Research has segmented the Fresh Cherries Market based on of region:
Regional Outlook (Revenue in USD Billion; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
