Insights Into The Cherries Market’s Growth Potential 2024-2033
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What is the Expected Growth Rate of the Cherries Market from 2024 to 2033?
The cherries market has grown robustly, projected to rise from $58.15 billion in 2023 to $63.03 billion in 2024 at a CAGR of 8.4%. This growth can be attributed to awareness of cherries’ health benefits, increased disposable incomes, urbanization, supportive government policies, and a rising consumer demand for fresh, healthy food.
The cherries market is expected to grow to $88.11 billion by 2028 at a CAGR of 8.7%. Growth factors include rising demand for organic products, sustainability focus, e-commerce growth, interest in functional foods, and advancements in cherry cultivation. Key trends include the popularity of dried cherries, diverse cherry varieties in stores, interest in cherry-infused drinks, sustainable farming practices, and innovative cherry-based skincare.
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What Key Factors Are Fueling the Growth of the Cherries Market?
The growing popularity of plant-based diets is anticipated to drive the cherries market. These diets primarily consist of plant-derived foods, and are gaining traction due to health, environmental, and ethical reasons. Cherries are often included in various plant-based dishes. A report by Grubhub indicated a significant rise in plant-based food orders in 2021. Consequently, the increasing preference for plant-based diets is boosting the cherries market.
What Are the Major Segments of the Cherries Market?
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
What New Trends Are Transforming the Cherries Market?
In the cherries market, companies are innovating production lines to enhance harvesting and supply chain management. FirstFruits Farms Inc. launched an advanced cherry production line in April 2024, featuring automation to improve efficiency.
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Which Regions Are Driving Growth in the Cherries Market?
Asia-Pacific was the largest region in the cherries market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cherries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Cherries Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the cherries market, its market share, and analyzes key competitors along with 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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