Global Fresh Cherries Market Analysis Report - Industry Size, Trends, Insights, Market Share, Competition, Opportunities, And Growth Forecasts By Segments, 2023 To 2029

Market Overview:

Global Fresh Cherries Market Size Was Valued At USD 54.68 Billion In 2021 And Is Projected To Reach USD 92.80 Billion By 2028, Growing At A CAGR Of 7.85% From 2022 To 2028.

Cherries, whether they are small, round, red, or black, offer a delightful combination of sweet and sour flavors. Varieties such as black cherry, Spanish cherry, and tart cherry are commonly enjoyed. Cherries are not only delicious but also packed with beneficial nutrients. They are rich in vitamins, minerals, fiber, potassium, calcium, and folate, and are particularly known for their antioxidant properties. Sweet cherries, in particular, are a great source of vitamin C, fiber, carotenoids, and anthocyanins, which have been associated with a reduced risk of cancer. On the other hand, regular consumption of sour cherries has been linked to increased melatonin levels, which can contribute to improved sleep quality.

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Market Dynamics:

Driver:

The global fresh cherry market is experiencing revenue growth due to the increasing adoption of healthier lifestyles by individuals worldwide. As people prioritize their health, there is a shift towards consuming fresh fruits, which has a negative impact on the preservation industry. The growing health consciousness among consumers is a significant driver for the expansion of the fresh cherry market. The rise in the fresh cherry market is also supported by the overall rise in income levels across the population. As disposable incomes increase, consumers are more inclined to invest in nutritious and natural food options, including fresh fruits like cherries.

Opportunities:

The growing popularity of black cherries with high sugar content and firmness is benefiting cherry growers. To further enhance the acceptance of fresh cherries, companies in the market are implementing various marketing strategies. For instance, producers are creating brands and logos to promote specific regions known for acquiring high-quality, exceptionally large cherries that are then distributed to affiliated stores. By emphasizing higher quality and establishing brand recognition, fresh cherry producers are investing more in branding efforts to foster customer loyalty towards these stores.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Type, in comparison to sour cherries, sweet cherries have a much higher need. As a result, it is expected to dominate the fresh cherries market over the forecast period. Sweet cherries are abundant in vitamin C and fiber, both of which help to lower the risk of cancer in the future. Sweet cherries are frequently available for immediate consumption in supermarkets. In the near years, the subdivision is predicted to control more than 60% of the market, and it will continue to be dominant in the coming years.

By Nature, the organic segment is expected to hold a significant fresh cherries market share over the forecast period. An overall jump in demand for organic fresh cherries has been attributed to a growing predisposition toward health consciousness, rising awareness for organic-based food products, and a surge in the adoption of fresh beverages such as smoothies. Cherries are also organic, high-nutrient foods that can be used to address a wide range of nutritional needs. Because of its wide range of applications, it has caught the interest of many people over the years. A large number of enterprises, the majority of which are based in China, produce this natural product. However, the future of this industry is bright, as the growing global sharing of eating patterns and commodities will drive up demand for this organic product.

By Application, the bakery product segment is anticipated to register the maximum fresh cherries market share over the forecast period. Because of client demand, the bakery market is gradually minimizing the use of preservatives and beginning to utilize more and fresher products. In addition, in developing nations like China and India, there has been a significant increase in the demand for fresh cherries in baked goods. Due to the development of agricultural technologies and the growing use of healthy beverage goods in the region, China is the largest producer of fruit products.

By Distribution Channel, the fresh cherry market is divided into modern trade, grocery stores, convenience stores, online channels, and others, including direct sales. Fresh cherries are primarily sold at convenience stores and traditional grocery stores, and this trend is expected to continue in the foreseeable future. In this market for fresh cherries, direct selling and online platforms are also gaining traction. Many people are aware of the e-commerce website, and this channel provides them with a variety of options.

By Type:

•Sour Cherry
•Sweet Cherry

By Nature:

•Organic
•Conventional

By Application:

•Direct Consumption
•Bakery Products
•Salads
•Dairy Beverages
•Alcoholic Beverages
•Others

By Distribution Channel:

•Modern Trade
•Grocery Stores
•Convenience Stores
•Online Channels
•Other

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Regional Analysis of Fresh Cherries Market

The Asia Pacific will lead the global fresh cherries market during the forecast period. In 2020, Asia Pacific had the greatest market share. Because of the rapid growth of industrialization and increased demand for fresh cherries in bakery goods in developing nations like China and India. Due to the development of agricultural technologies and the growing use of healthy beverage goods in the region, China is the largest producer of fruit products. Cherries are a popular daily fresh fruit in China, with substantial imports from Chile, owing to a zero-policy free trade deal struck in 2017 and ample ripening time in Chile between November and January, when China celebrates its Spring Festival. As a result of the trade war, China's import base has expanded to a few new markets to fulfill the ever-growing domestic demand, such as Kyrgyzstan, Uzbekistan, and Tajikistan, which supply good quality cherries farmed with fewer pesticides. In addition, the Asia Pacific market is predicted to develop due to rapid growth and changing consumer preferences for food and beverages.

By Region:

•North America (U.S., Canada, Mexico)
•Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Fresh Cherries Market

•Hood River Cherry Co.
•Rainier Fruit Co.
•SICA SAS SICODIS
•CherryHill Orchards
•The Global Green Co. Ltd.
•Alara Agri
•Perfecta Produce
•Reid Fruits
•Leelanau Fruit Co.
•Northstar Organics
•Vitin Fruits
•Diva Agro Ltd

Key Industry Developments In Fresh Cherries Market

In October 2020, Copefrut and Trackerfresh have signed a multi-year IT system service collaboration agreement to deliver digital application and technology management services to support Copefrut's business expansion into China. Copefrut is one of Chile's most important cherry suppliers. Copefrut's requirement for thorough data management and quick feedback from all sales channels is growing as the company enters the Chinese market. As a result, one of the company's primary instruments for gaining useful market insights and continuously enhancing and optimizing its business processes is information technology.

In July 2020, Growers Produce Inc. and Cali Fresh Produce Inc., two well-sized, recognized wholesale produce wholesalers with established customer bases on the West Coast, East Coast, Midwest, and other sections of the United States, including its Pacific Islands, have been acquired by Grub Market. The two companies have developed tight ties with California cherry and other seasonally growing California produce growers. Grub Market will become a key supplier of California cherries across the country as a result of these two acquisitions, as well as bolstering its sourcing capability on a wide spectrum of fresh California products, particularly fruits.

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Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Nature
 3.3 By Application
 3.4 By Distribution Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Fresh Cherries Market by Type

Continued…

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