Global Fresh Cherries Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Fresh Cherries Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global fresh cherries market report has been segmented on the basis of taste, application, distribution channel, and region.
Global Fresh Cherries Market: Overview
Fresh cherries are small in size, round, usually red black with flavor sweet or tart (sour). Varieties of cherry includes black stone cherry, Spanish cherry, morello. Cherries are well known for their antioxidant properties as they have rich source of vitamins and minerals, fiber, potassium, calcium, and folic acid. In addition, sweet cherries contain more vitamin C, fiber, carotenoids, and anthocyanins which may help to reduce cancer risk. Regular consumption of sour cherry may help to increase melatonin levels and improve sleep.
Global Fresh Cherries Market: Dynamics
Rising usage of fresh cherries in ice creams, jellies, salads, dairy beverages, and alcoholic beverages across the globe is a key factor projected to fuel growth of the global market. Cherries are rich source of vitamin A, vitamin C, anthocyanin, calcium, carotenoids, iron, and protein that helps to control blood sugar, weight loss, and lower cholesterol level, and cardiovascular system. This is another factor expected to fuel growth of the global market. Increasing disposable income, growing population, rising preference for fresh fruits and vegetables among individuals are other factors anticipated to propel growth of the global market.
However, sudden climatic changes may affect the yield of product which is a factor expected to hinder growth of the target market to a certain extent.
Global Fresh Cherries Market: Segment Analysis
Among the taste segments, the sweet segment is expected to register higher growth in terms of revenue in the global market over the forecast period, owing to growing health awareness among consumers.
Among the application segments, the bakery segment is expected to account for significant growth in the global market, followed by jams and jellies segments. This is attributable to growing awareness regarding health benefits on consumption of such products.
Among the distribution channel segments, the traditional grocery stores segments is expected to account for highest share in terms of value in the years to come. This is primarily due to, ease of availability of products. The e-commerce segment is expected to dominate in terms of CAGR owing to availability of various discounts and offers as well as services such as home delivery.
Global Fresh Cherries Market: Regional Analysis
The Asia Pacific fresh cherries market is expected major share in the global market in the next 10 years. Rapid urbanization and growing demand of fresh cherries in bakery products in emerging countries such as China and India. China is largest country for manufacturing of fruit products, due to the technological advancements in agriculture and increasing consumption of healthy beverage products in the region. Furthermore, rapid urbanization and changing preferences of food and beverages among consumers are factors expected to drive growth of the Asia Pacific market.
The market in North America is expected to register lucrative growth in the global market, owing to the high demand for fresh cherries fruits in countries such as US and Canada in this region. The market in Europe is projected to register moderate growth rate, owing to rising awareness about health benefits of various fresh fruits and vegetables among individuals in countries in this region.
Global Fresh Cherries Market Segmentation:
Segmentation by taste:
Segmentation by application:
- Ice Creams
- Dairy Beverages
- Direct Consumption
- Alcoholic Beverages
Segmentation by distribution channel:
- Modern Trade
- Traditional Grocery Stores
- Convenience Stores
- Online Channels
- Direct Sales
- Other Retail Formats
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Fruit Co., BEL'EXPORT NV
- Hood River Cherry Co.
- Smelterz Orchard Co.
- The Global Green Co. Ltd.
- Alacam Tarim
- Dell's Maraschino Cherries
- Vitin Fruits and Rainier Fruit Co.
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