Cherries Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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The cherries market size has grown strongly in recent years. It will grow from $58.15 billion in 2023 to $63.03 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to awareness of the health benefits of cherries, disposable incomes, and urbanization, government policies and regulations supporting the growth of the cherry industry, increased consumer demand for fresh and healthy food options, and changes in consumer preferences. The cherries market size is expected to see strong growth in the next few years. It will grow to $88.11 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to the growing demand for organic and natural food products, increased focus on sustainability and environmental responsibility in the cherry industry, rise of e-commerce platforms and online sales channels, growing interest in functional foods and nutraceuticals, and improvements in cherry cultivation techniques and crop management. Major trends in the forecast period include the growing popularity of dried cherries as a snack, expansion of cherry varieties available in supermarkets, rising interest in cherry-infused beverages and cocktails, adoption of sustainable farming practices in cherry cultivation, and development of innovative cherry-based skincare products.
The growing popularity of plant-based diets is expected to drive the cherries market going forward. A plant-based diet involves consuming predominantly or exclusively foods derived from plants, including fruits, vegetables, grains, nuts, and seeds, while excluding or minimizing animal products such as meat, dairy, and eggs. The growing popularity of plant-based diets is due to increasing awareness of health benefits, environmental concerns, and ethical considerations regarding animal welfare. Cherries are used in plant-based diets as a flavorful ingredient in salads, smoothies, desserts, and sauces. For instance, in June 2021, according to the report published by Grubhub, a US-based online and mobile food ordering and delivery platform, vegan food delivery orders saw a 17% increase, with plant-based burger orders rising by 28% and vegetarian orders experiencing a 55% rise in 2021 compared to 2020. Therefore, the growing popularity of plant-based diets is driving the cherries market.
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What Are The Key Trends That Influence Cherries Share Analysis?
Companies in the cherries market are focusing on innovative production lines to improve harvesting processes and supply chain management. Advanced production lines integrate cutting-edge technologies, automation, and efficient methods to optimize manufacturing operations. For example, in April 2024, FirstFruits Farms Inc., a US-based apple packer and shipper, launched a state-of-the-art cherry production line in Prescott, Washington. This new production line features complete automation and advanced technology to deliver high-quality fruit. UNITEC’s solutions are configured to process both Rainier and Dark Sweet cherry varieties, including packaging options like clamshells, pouch bags, and top seals, significantly enhancing the company’s production capacities.
Which Market Players Are Driving Growth In The Cherries Market?
Major companies operating in the cherries market are Dole Plc, Del Monte Foods Inc, Maple Leaf Foods, Unifrutti Group, Gebbers Farms, Stemilt Growers, WASHINGTON FRUIT GROWERS, Driscoll’s Inc., Borton Fruit, Zirkle Fruit Company, Chelan Fresh, Columbia Fruit Packers Inc., Domex Superfresh Growers, Rainier Fruit Co., Valley Fresh Produce, Naturipe Fruits, Smeltzer Orchard Company LLC, CMI Orchards LLC., Leelanau Fruit Co., Alaraagri.com, Hood River Cherry Company, Global Green Company, CherryHill Orchards Pty Ltd, Perfecta Produce, AMAZONIA BIO
How Is The Global Cherries Market Segmented?
1) By Type: Sweet; Sour
2) By Varieties: Bing; Rainier; Lambert; Lapins
3) By Application: Direct Consumption; Cakes And Bakery; Candy And Snacks; Jams And Juice; Alcoholic Beverages; Other Applications
4) By Distribution Channel: Supermarkets Or Hypermarkets; Convenience Stores; Online
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The Cherries Global Market Report 2024 provides an overview of the cherriesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cherries market forecast analyzes cherries market size, cherries market share, leading competitor and their market positions.
The Table Of Content For The Cherries Market Include
1. Cherries Market Executive Summary
2. Cherries Market Segments
3. Cherries Market Size And Template Market Growth Rate
4. Key Cherries Market Trends
5. Major Cherries Market Drivers
……
25. Key Mergers And Acquisitions In The Cherries Market
26. Top Cherries Companies
27. Cherries Market Opportunities And Strategies
28. Cherries Market, Conclusions And Recommendations
29. Appendix
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