2024 Pineapples Market Outlook: Size, Share, and Key Growth Drivers
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What Growth Rate is the Pineapples Market Anticipated to Experience from 2024-2033?
The pineapples market has experienced strong growth, expected to increase from $25.32 billion in 2023 to $27.00 billion in 2024, with a CAGR of 6.6%. Factors driving this growth include rising awareness of health benefits associated with pineapples, increasing disposable incomes, government support, and shifting consumer preferences towards healthier food options.
The pineapples market is projected to see strong growth, reaching $35.34 billion by 2028 with a CAGR of 7.0%. Growth is driven by urbanization, sustainable agriculture practices, e-commerce expansion, and food safety regulations. Trends include agricultural technology innovations, sustainable farming advancements, genetic engineering research, post-harvest technology improvements, and product development innovations.
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What Are the Significant Influencers of Growth in the 2024 Pineapples Market Outlook: Size, Share, and Key Growth Drivers Market?
The increase in vegan and flexitarian populations is set to boost the pineapples market. Vegans avoid all animal products, while flexitarians primarily eat vegetarian but occasionally include meat. This trend arises from concerns about animal welfare and health, alongside more plant-based food options. Pineapples are valued in these diets for their versatility. For example, in January 2023, the USDA reported nearly 8 million vegetarians in Germany, with 1.58 million identifying as vegan and about 55% of the population as flexitarians. Therefore, the rise in vegan and flexitarian populations is driving the pineapples market.
What Key Segments Define the Pineapples Market?
The pineapples market covered in this report is segmented –
1) By Type: Fresh, Packaged
2) By Source: Organic, Conventional
3) By Variety: Cayenne Pineapple, Queen Pineapple, Red Spanish Pineapple, MD2 Or MG3
4) By Application: Commercial, Individual
5) By Distribution Channel: Hypermarkets Or Supermarkets, Independent Retailers, Convenience Stores, Online Sales, Other Distribution Channels
What Are the Key Developments Shaping the Pineapples Market?
Companies in the pineapples market are creating unique products like red-shelled pineapples to meet evolving consumer preferences. This variety has a striking red exterior. In January 2024, Del Monte Foods launched the Rubyglow pineapple in China, highlighting its novelty and flavor.
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What Regions Are Driving Expansion in the Pineapples Market?
Asia-Pacific was the largest region in the pineapples market in 2023. The regions covered in the pineapples market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Pineapples 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 pineapples market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Pineapples Market Include
1. Pineapples Market Executive Summary
2. Pineapples Market Segments
3. Pineapples Market Size And Template Market Growth Rate
4. Key Pineapples Market Trends
5. Major Pineapples Market Drivers
……
25. Key Mergers And Acquisitions In The Pineapples Market
26. Top Pineapples Companies
27. Pineapples Market Opportunities And Strategies
28. Pineapples Market, Conclusions And Recommendations
29. Appendix
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