Fresh Cherries Market | Latest Report Highlights & Growth

Fresh Cherries Market Overview

Fresh Cherries Market Size Was Valued at USD 63.61 Billion In 2023 And Is Projected to Reach USD 125.55 Billion By 2032, Growing at A CAGR of 7.85% From 2024 To 2032.

• The global fresh cherries market is poised for significant growth in the coming years, driven by increasing health consciousness, urbanization, and rising disposable incomes. Cherries are celebrated for their exceptional nutritional profile, being rich in antioxidants, vitamin C, polyphenols, and anti-inflammatory compounds. These properties make them a preferred choice for health-conscious consumers, as cherries are known to support heart health, relieve arthritis and gout symptoms, promote better sleep, and protect brain cells. Their benefits extend to enhancing memory, reducing the risk of type 2 diabetes, and strengthening the immune system, making cherries a sought-after superfood. The growing demand for fresh, organic, and natural products has spurred the production and consumption of cherries, making them an increasingly popular snack and dietary staple worldwide.
• The market expansion is further fueled by the rising purchasing power in developed regions like the U.S. and Canada, as well as emerging economies in the Asia-Pacific. With higher disposable incomes, consumers are spending more on fresh produce, including cherries. Manufacturers are responding to this demand by increasing production to ensure year-round availability of various cherry varieties, making it easier for consumers to incorporate them into daily diets. In addition, the versatility of cherries as an ingredient in processed foods and beverages further drives their market growth. With their remarkable health benefits, convenience as a snack option, and growing global popularity, fresh cherries are expected to maintain their upward trajectory in the global market.

Market Dynamics And Factors For Fresh Cherries Market

Drivers:

The Popularity of Urban Farming is on the Rise

• The Popularity of Urban Farming is the main trend in the worldwide fresh cherries market. The increasing trend of urban farming in the US, the UK, South Korea, and various other nations is anticipated to elevate the worldwide need for fresh cherries throughout the forecast period. The limited availability of land for growing crops has led to a rise in urban farming techniques. Urban agriculture emphasizes community areas like school farms and parking lots for cultivation. Due to the increasing need for fruits and vegetables for personal use, such as fresh cherries, rooftop farming is mainly pursued by families living in apartments.
• The FAO states that urban garden spaces can produce up to 15 times the output of rural farms. Urban farms need less transportation and refrigeration infrastructure due to their closeness to local markets. The costs for transportation and refrigeration linked to producing fresh cherries are quite high. City agriculture might assist in lowering these expenses. It is beneficial for enhancing productivity. In general, urban agriculture could lead to greater consumer involvement and stimulate the growth of the fresh cherries market.

Restraints:

• Cherries are in high demand on the market right now. The risk of rotting and pitting, which reduces the quality of cherries, inhibits the market's expansion. This can be handled by applying innovative technologies to improve cherry packaging so that they do not rot during shipment. Weather changes could also stymie cherry production, causing the sourcing process to be disrupted.

Opportunities:

Sustainability and Organic Farming

• The demand for organic and sustainably grown produce has been on the rise, with more consumers seeking products that align with their values of health and environmental consciousness. This trend presents a significant market opportunity for cherry farmers who adopt organic farming practices. By moving away from synthetic pesticides and fertilizers, producers can offer pesticide-free cherries, appealing to a growing base of health-conscious consumers. Organic certification meets consumer demand & also allows producers to command premium prices, boosting profitability while contributing to a cleaner, healthier food system.
• In addition to organic farming, implementing sustainable practices can further enhance a cherry farm’s appeal. Eco-conscious consumers are increasingly attracted to brands that prioritize water conservation, eco-friendly packaging, and reduce food waste. Cherry producers who embrace these practices can tap into the expanding market of environmentally aware buyers. Whether it’s using biodegradable packaging or minimizing their carbon footprint, sustainability becomes a powerful selling point. This holistic approach to farming and packaging positions cherry producers to meet the needs of the modern consumer, who is looking for fresh and healthy produce & also values the impact their choices have on the planet.

Segmentation Analysis of Fresh Cherries Market

• 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. Sweet cherries are abundant in vitamin C and fiber, both of which help to lower the risk of cancer in the future. Sweet cherries are frequently available for immediate consumption in supermarkets. In the near years, the subdivision is predicted to control more than 60% of the market, and it will continue to be dominant in the coming years.
• By Nature, the organic segment is expected to hold a significant fresh cherries market share over the forecast period. An overall jump in demand for organic fresh cherries has been attributed to a growing predisposition toward health consciousness, rising awareness for organic-based food products, and a surge in the adoption of fresh beverages such as smoothies. Cherries are also organic, high-nutrient foods that can be used to address a wide range of nutritional needs. Because of its wide range of applications, it has caught the interest of many people over the years. A large number of enterprises, the majority of which are based in China, produce this natural product. However, the future of this industry is bright, as the growing global sharing of eating patterns and commodities will drive up demand for this organic product.
• By Application, the bakery product segment is anticipated to register the maximum fresh cherries market share over the forecast period. Because of client demand, the bakery market is gradually minimizing the use of preservatives and beginning to utilize more and fresher products. In addition, in developing nations like China and India, there has been a significant increase in the demand for fresh cherries in baked goods. Due to the development of agricultural technologies and the growing use of healthy beverage goods in the region, China is the largest producer of fruit products.
• By Distribution Channel, the fresh cherry market is divided into modern trade, grocery stores, convenience stores, online channels, and others, including direct sales. Fresh cherries are primarily sold at convenience stores and traditional grocery stores, and this trend is expected to continue in the foreseeable future. In this market for fresh cherries, direct selling and online platforms are also gaining traction. Many people are aware of the e-commerce website, and this channel provides them with a variety of options.

Regional Analysis of Fresh Cherries Market

• The Asia Pacific will lead the global fresh cherries market during the forecast period. In 2020, Asia Pacific had the greatest market share. Because of the rapid growth of industrialization and increased demand for fresh cherries in bakery goods in developing nations like China and India. Due to the development of agricultural technologies and the growing use of healthy beverage goods in the region, China is the largest producer of fruit products. Cherries are a popular daily fresh fruit in China, with substantial imports from Chile, owing to a zero-policy free trade deal struck in 2017 and ample ripening time in Chile between November and January, when China celebrates its Spring Festival. As a result of the trade war, China's import base has expanded to a few new markets to fulfill the ever-growing domestic demand, such as Kyrgyzstan, Uzbekistan, and Tajikistan, which supply good quality cherries farmed with fewer pesticides. In addition, the Asia Pacific market is predicted to develop due to rapid growth and changing consumer preferences for food and beverages.
• North America and Europe will also experience strong market growth shortly. Because of the high demand for fresh cherries in countries throughout the region, such as the United States and Canada.
• The countries of Latin America provide a plethora of expansion potential for the major players. Latin American markets are also predicted to increase the most, with Brazil and Mexico producing the majority of the world's cherries.
• Due to increased knowledge of the harmful effects of preservatives, users all over the world choose fresh vegetables and fruits. The Middle East and Africa are some of the primary emerging regions that will generate significant potential in the market during the forecast period. Due to the aforementioned causes, the region is predicted to grow at a moderate pace during the projection period. In the Middle East and Africa, Turkey is seen as a major market.

Players Covered in Fresh Cherries Market are

• 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 and other major players.

Key Industry Developments In Fresh Cherries Market

• In January 2024, Melissa’s Produce, one of the leading distributors of speciality and organic fresh produce and related products, launched Tasmanian cherries.
• In March 2023, FirstFruits Marketing, LLC., a U.S.-based fruit company, constructed an advanced cherry production line in Prescott, WA. The new production line included the most advanced technology, which offers total automation and the availability of fruit of the highest quality.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Nature
 3.3 By Application
 3.4 By Distribution Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Fresh Cherries Market by Type
 5.1 Fresh Cherries Market Overview Snapshot and Growth Engine
 5.2 Fresh Cherries Market Overview
 5.3 Sour Cherry
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Sour Cherry: Grographic Segmentation
 5.4 Sweet Cherry
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Sweet Cherry: Grographic Segmentation

Chapter 6: Fresh Cherries Market by Nature
 6.1 Fresh Cherries Market Overview Snapshot and Growth Engine
 6.2 Fresh Cherries Market Overview
 6.3 Organic
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Organic: Grographic Segmentation
 6.4 Conventional
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Conventional: Grographic Segmentation

Chapter 7: Fresh Cherries Market by Application
 7.1 Fresh Cherries Market Overview Snapshot and Growth Engine
 7.2 Fresh Cherries Market Overview
 7.3 Direct Consumption
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Direct Consumption: Grographic Segmentation
 7.4 Bakery Products
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Bakery Products: Grographic Segmentation
 7.5 Salads
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Salads: Grographic Segmentation
 7.6 Dairy Beverages
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Dairy Beverages: Grographic Segmentation
 7.7 Alcoholic Beverages
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size (2017-2032F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Alcoholic Beverages: Grographic Segmentation
 7.8 Others
  7.8.1 Introduction and Market Overview
  7.8.2 Historic and Forecasted Market Size (2017-2032F)
  7.8.3 Key Market Trends, Growth Factors and Opportunities
  7.8.4 Others: Grographic Segmentation

Chapter 8: Fresh Cherries Market by Distribution Channel
 8.1 Fresh Cherries Market Overview Snapshot and Growth Engine
 8.2 Fresh Cherries Market Overview
 8.3 Modern Trade
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2017-2032F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Modern Trade: Grographic Segmentation
 8.4 Grocery Stores
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2017-2032F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Grocery Stores: Grographic Segmentation
 8.5 Convenience Stores
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2017-2032F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Convenience Stores: Grographic Segmentation
 8.6 Online Channels
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2017-2032F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Online Channels: Grographic Segmentation
 8.7 Other
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size (2017-2032F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Other: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Fresh Cherries Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Fresh Cherries Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Fresh Cherries Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 HOOD RIVER CHERRY CO.
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 RAINIER FRUIT CO.
 9.4 SICA SAS SICODIS
 9.5 CHERRYHILL ORCHARDS
 9.6 THE GLOBAL GREEN CO. LTD.
 9.7 ALARA AGRI
 9.8 PERFECTA PRODUCE
 9.9 REID FRUITS
 9.10 LEELANAU FRUIT CO.
 9.11 NORTHSTAR ORGANICS
 9.12 VITIN FRUITS
 9.13 DIVA AGRO LTD
 9.14 SMELTERZ ORCHARD CO.
 9.15 ALACAM TARIM
 9.16 DELL'S MARACHINO CHERRIES
 9.17 OTHER MAJOR PLAYERS

Chapter 10: Global Fresh Cherries Market Analysis, Insights and Forecast, 2017-2032
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Type
  10.2.1 Sour Cherry
  10.2.2 Sweet Cherry
 10.3 Historic and Forecasted Market Size By Nature
  10.3.1 Organic
  10.3.2 Conventional
 10.4 Historic and Forecasted Market Size By Application
  10.4.1 Direct Consumption
  10.4.2 Bakery Products
  10.4.3 Salads
  10.4.4 Dairy Beverages
  10.4.5 Alcoholic Beverages
  10.4.6 Others
 10.5 Historic and Forecasted Market Size By Distribution Channel
  10.5.1 Modern Trade
  10.5.2 Grocery Stores
  10.5.3 Convenience Stores
  10.5.4 Online Channels
  10.5.5 Other

Chapter 11: North America Fresh Cherries Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Sour Cherry
  11.4.2 Sweet Cherry
 11.5 Historic and Forecasted Market Size By Nature
  11.5.1 Organic
  11.5.2 Conventional
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Direct Consumption
  11.6.2 Bakery Products
  11.6.3 Salads
  11.6.4 Dairy Beverages
  11.6.5 Alcoholic Beverages
  11.6.6 Others
 11.7 Historic and Forecasted Market Size By Distribution Channel
  11.7.1 Modern Trade
  11.7.2 Grocery Stores
  11.7.3 Convenience Stores
  11.7.4 Online Channels
  11.7.5 Other
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Fresh Cherries Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Sour Cherry
  12.4.2 Sweet Cherry
 12.5 Historic and Forecasted Market Size By Nature
  12.5.1 Organic
  12.5.2 Conventional
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Direct Consumption
  12.6.2 Bakery Products
  12.6.3 Salads
  12.6.4 Dairy Beverages
  12.6.5 Alcoholic Beverages
  12.6.6 Others
 12.7 Historic and Forecasted Market Size By Distribution Channel
  12.7.1 Modern Trade
  12.7.2 Grocery Stores
  12.7.3 Convenience Stores
  12.7.4 Online Channels
  12.7.5 Other
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Fresh Cherries Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Sour Cherry
  13.4.2 Sweet Cherry
 13.5 Historic and Forecasted Market Size By Nature
  13.5.1 Organic
  13.5.2 Conventional
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Direct Consumption
  13.6.2 Bakery Products
  13.6.3 Salads
  13.6.4 Dairy Beverages
  13.6.5 Alcoholic Beverages
  13.6.6 Others
 13.7 Historic and Forecasted Market Size By Distribution Channel
  13.7.1 Modern Trade
  13.7.2 Grocery Stores
  13.7.3 Convenience Stores
  13.7.4 Online Channels
  13.7.5 Other
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Fresh Cherries Market Analysis, Insights and Forecast, 2017-2032
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Sour Cherry
  14.4.2 Sweet Cherry
 14.5 Historic and Forecasted Market Size By Nature
  14.5.1 Organic
  14.5.2 Conventional
 14.6 Historic and Forecasted Market Size By Application
  14.6.1 Direct Consumption
  14.6.2 Bakery Products
  14.6.3 Salads
  14.6.4 Dairy Beverages
  14.6.5 Alcoholic Beverages
  14.6.6 Others
 14.7 Historic and Forecasted Market Size By Distribution Channel
  14.7.1 Modern Trade
  14.7.2 Grocery Stores
  14.7.3 Convenience Stores
  14.7.4 Online Channels
  14.7.5 Other
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Fresh Cherries Market Analysis, Insights and Forecast, 2017-2032
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Type
  15.4.1 Sour Cherry
  15.4.2 Sweet Cherry
 15.5 Historic and Forecasted Market Size By Nature
  15.5.1 Organic
  15.5.2 Conventional
 15.6 Historic and Forecasted Market Size By Application
  15.6.1 Direct Consumption
  15.6.2 Bakery Products
  15.6.3 Salads
  15.6.4 Dairy Beverages
  15.6.5 Alcoholic Beverages
  15.6.6 Others
 15.7 Historic and Forecasted Market Size By Distribution Channel
  15.7.1 Modern Trade
  15.7.2 Grocery Stores
  15.7.3 Convenience Stores
  15.7.4 Online Channels
  15.7.5 Other
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion