2024 Exotic Fruit Market Outlook: Size, Share, and Key Growth Drivers
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What is the Expected Growth Rate of the Exotic Fruit Market from 2024 to 2033?
The exotic fruit market size has grown strongly in recent years. It will rise from $16.89 billion in 2023 to $18.03 billion in 2024, growing at a CAGR of 6.8%. The growth can be attributed to the increasing popularity of superfoods, growing veganism, expanding international trade, the popularity of smoothie bowls and juices, and the rising interest in functional foods.
The exotic fruit market is expected to grow to $23.52 billion by 2028, at a CAGR of 6.9%. Growth drivers include online grocery shopping, global tourism exposure, demand for natural sweeteners, rising disposable incomes, and increasing awareness of antioxidant-rich foods. Trends include innovations in fruit preservation, eco-friendly farming techniques, and blockchain technology in supply chains.
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What Key Factors Are Fueling the Growth of the Exotic Fruit Market?
The increasing demand for organic fruits is expected to accelerate the growth of the exotic fruit market. Organic fruits are produced without synthetic chemicals, and consumers’ growing awareness of health and environmental benefits is boosting demand. Exotic fruits like dragon fruit, rambutan, and guanabana are becoming popular as part of organic fruit selections. According to the Organic Trade Association, organic fruits and vegetables generated over $21 billion in revenue in 2021, and this increased to $22 billion in 2022. This growing demand is propelling the exotic fruit market.
What Are the Major Segments of the Exotic Fruit Market?
1) By Type: Passion Fruit, Rambutan, Dragon Fruit, Durain, Other Types
2) By Category: Organic, Conventional
3) By Distribution Channels: Online Platforms, Offline Specialty Stores
4) By End-Use: Commercial, Residential
What New Trends Are Transforming the Exotic Fruit Market?
Leading companies in the exotic fruit market are focusing on sustainable packaging technologies to cater to the growing consumer demand for environmentally friendly and ethically sourced products. Sustainable consumption patterns aim to reduce waste and environmental impact while promoting responsible production and consumption practices. For instance, in September 2023, Frieda’s Branded Produce, a US-based food and beverage company, launched its Passion Fruit Three-Pack, offering a blend of sweet and tart flavors. The vibrant, protective packaging is designed for convenience and freshness, while the bold design makes the product a standout option for consumers.
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Which Regions Are Driving Growth in the Exotic Fruit Market?
Asia-Pacific was the largest region in the exotic fruit market in 2023. The regions covered in the exotic fruit marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Exotic 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 exotic fruit market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Exotic Fruit Market Include
1. Exotic Fruit Market Executive Summary
2. Exotic Fruit Market Segments
3. Exotic Fruit Market Size And Template Market Growth Rate
4. Key Exotic Fruit Market Trends
5. Major Exotic Fruit Market Drivers
……
25. Key Mergers And Acquisitions In The Exotic Fruit Market
26. Top Exotic Fruit Companies
27. Exotic Fruit Market Opportunities And Strategies
28. Exotic Fruit Market, Conclusions And Recommendations
29. Appendix
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