Kiwi Fruit Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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What is the Expected Growth Rate of the Kiwi Fruit Market from 2024 to 2033?
The kiwi fruit market is expected to rise from $1.77 billion in 2023 to $1.90 billion in 2024 with a CAGR of 7.2%. This growth can be attributed to rising health awareness, improvements in logistics, demand for exotic fruits, modern agricultural practices, and trade agreements.
The kiwi fruit market is anticipated to grow steadily, reaching $2.53 billion by 2028 with a CAGR of 7.5%. This growth is influenced by a continued emphasis on healthy eating, rising demand for nutritious fruits like kiwi, climate change affecting traditional growing areas, a shift toward organic production, government support for fruit farming, and urbanization. Key trends include increased demand for organic kiwi, utilization of social media for marketing, development of new kiwi varieties, integration into functional foods, and emergence of gourmet segments.
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What Key Factors Are Fueling the Growth of the Kiwi Fruit Market?
The increasing demand for organic food is set to drive the Kiwi fruit market in the future. Organic and natural food products are grown without synthetic chemicals, pesticides, or genetically modified organisms (GMOs), and are minimally processed. This demand is rising due to heightened health consciousness among consumers and a growing desire for transparency in the food supply chain. Organic kiwi fruit aligns with a holistic approach to food production, emphasizing environmental responsibility, consumer health, and sustainable practices. Organic fruits, including kiwi, may offer higher levels of antioxidants, vitamins, and minerals compared to conventionally grown options, providing greater nutritional benefits. For instance, in June 2022, the Organic Trade Association reported that organic industry sales exceeded $63 billion, with a $1.4 billion increase from the previous year. Additionally, organic food represented over 90% of these sales, reaching $57.5 billion. Consequently, the increasing demand for organic food is driving the Kiwi fruit market.
What Are the Major Segments of the Kiwi Fruit Market?
1) By Product Type: Fresh Kiwi; Processed Kiwi
2) By Nature: Organic; Conventional
3) By Distribution Channel: Supermarkets; Specialty Retailers; Convenience Stores; E-Commerce; Other Channels
4) By Application: Direct Consumption; Jams; Sauce; Ice cream; Salad; Other Applications
What New Trends Are Transforming the Kiwi Fruit Market?
In the Kiwi fruit market, companies are launching innovative products like Kiwi extracts to boost protein absorption. Pharmactive Biotech Products S.L.U. introduced KWD+ in January 2023, which contains high levels of actinidin and other beneficial compounds aimed at specific consumer needs.
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Which Regions Are Driving Growth in the Kiwi Fruit Market?
Asia-Pacific was the largest region in the kiwi fruit market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the kiwi fruit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Kiwi Fruit 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 kiwi fruit market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Kiwi Fruit Market Include
1. Kiwi Fruit Market Executive Summary
2. Kiwi Fruit Market Segments
3. Kiwi Fruit Market Size And Template Market Growth Rate
4. Key Kiwi Fruit Market Trends
5. Major Kiwi Fruit Market Drivers
……
25. Key Mergers And Acquisitions In The Kiwi Fruit Market
26. Top Kiwi Fruit Companies
27. Kiwi Fruit Market Opportunities And Strategies
28. Kiwi Fruit Market, Conclusions And Recommendations
29. Appendix
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