Fresh Cherries Market: Global Industry Analysis, Trends and Forecast 2027

Global Fresh Cherries Market size was valued at US$ 50.70 Bn. in 2020 and the total revenue is expected to grow at 7.4 % through 2021 to 2027, reaching nearly US$ 83.57 Bn.
Global Fresh Cherries Market Overview:
Fresh cherries are vitamin-rich fruits that can be used for a variety of purposes in the diet. It has grown in popularity over the years as a result of its wide range of applications. This fruit is grown by a large number of people. In the long run, however, this industry appears to be optimistic, as the growing sharing of eating habits and products around the globe will raise demand for this fruit. Cherries are primarily consumed fresh, but they are also used in cakes and bakeries, sweets and snacks, jams and juice, alcoholic beverages, and so on. As per the data of world trade, fresh cherries were estimated at US$ 3.72 billion in 2019 as the highest traded product and it has 833 ranked.



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2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.
Global Fresh Cherries Market Dynamics:
The preservative business is declining as consumers around the world switch to fresh fruits to live a healthier lifestyle. This is a crucial aspect that determines the market demand for Cherries. An increase in customer health consciousness leads to an increase in revenue globally. Cherries have a variety of health benefits, which are fueling the global rise of the Fresh Cherries Market.

The growing usage of fresh cherry in ice creams, jellies, salads, dairy beverages, and alcoholic beverages around the world is a crucial driver driving the global market's rise. Cherries are abundant in vitamin A, vitamin C, anthocyanins, calcium, carotenoids, iron, and proteins, which aid in blood sugar regulation, weight loss, cholesterol reduction, and cardiovascular health. Another element that is likely to drive worldwide market expansion is this. Rising disposable income, a growing population, and a growing preference for fresh fruits and vegetables among individuals are all predicted to boost the global market growth.

Cherries are organic items that are high in nutrients and can be used to meet a variety of nutritional demands. It has piqued the interest of many people throughout the years due to its vast range of applications. This natural product is produced by a huge number of companies, the majority of which are based in China. However, the future seems bright for this industry, as the increased sharing of dietary patterns and commodities around the world will drive up demand for this organic commodity.

Australia's producers benefit from full airfreight access to China:

Organizations in the new cherries industry are funding several strategies to increase their net revenues. Aside from the Middle East, Africa, and Europe, organisations are now focusing on Asia Pacific nations such as China to provide access to new cherries. For example, partners in Australia have agreed to complete airfreight entry to China in order to bring innovative commodities to market faster. Chinese buyers have typically praised this arrangement.

Various studies are being conducted in China to determine whether the airfreight arrangement has benefited parties in the value chain. As a result, organisations in the new cherries market are drawing cues from these overviews to purposefully increase cherry accessibility. Chinese brokers are increasingly benefitting after gaining access to Australia's entire period of cherry accessibility. Because of the growing variety of cherry options, China's stockpile opportunities for high-quality imported organic products have expanded.

In the fresh cherry market, cosmetology applications are gaining traction:

Cosmetics and skincare goods are in high demand worldwide. Fresh cherries are frequently used as an element in skincare and cosmetics. Cherries contain anti-inflammatory qualities that are beneficial to the skin. They are also a good source of beta carotene, which is increasing the demand for fresh cherries. In light of this, the market is projected to benefit from the expansion of the personal and cosmetics business. Male shoppers are also more interested in personal care and beauty items. This is considered to auger positively for the market as a whole.

According to the U.S. Commercial Service Industry & Analysis (I&A), consumers in the United States spend roughly US$ 139 million on personal and beauty care items in 2018, with male consumers spending approximately US$ 1.3 million. Increased sales of personal care and beauty goods will open up new prospects for fresh cherries market participants.

Production of Fresh Cherries in United States:

In 2020, the United States produced 265,820 tonnes of fresh sweet cherries worth $522 million. Washington produced the most sweet cherries in the country (163,600 tonnes), followed by California (59,360 tonnes) and Oregon (42,860 tonnes).

The United States is the world's second-largest cherry producer. Turkey is the world's largest producer of cherries. In 2016, fresh cherry sales reached $3,280 per tonne, while packaged cherry prices averaged $622 per tonne; fresh cherry prices increased by $1,130, but processed cherry prices decreased by $32.



Import/ Export of Fresh Cherries across the world:

Chile was estimated at US$ 1580 million which is the leading Exporters of fresh cherries in 2019, Where Hong Kong was valued at US$ 765 million, United States (US$ 501 Mn), Turkey ($196M), and Spain ($109M).



China was estimated at US$ 2330 million which is the most prominent importer of fresh cherries in 2019, While, Germany was reached at US$ 179 million, South Korea ($135 Mn), Russia ($125 Mn), and Canada ($124Mn).


Global Fresh Cherries Market Segment Analysis:
The global Fresh Cherries Market is segmented by Taste, Sales Channel and Application.

Based on Taste, the global fresh cherries market is sub-segmented into Sweet and Sour. The Sweet Cherries segment held the largest market share of 97% in 2020. Because of rising the heath awareness among each individual. Also, Sweet cherries are seeing a much-praised prerequisite in contrast with harsh cherries. The region is expected to hold more than 60% of the whole market in the coming time frame and is expected to remain to beat a few years.



Based on Sales Channel, the global fresh cherries market is sub-segmented into Retail Stores, hypermarkets, and Online. The Retail Stores segment held the largest share of xx% in 2020. Retail stores and traditional grocery stores are the key sales channels for the sales of fresh cherries and this condition is anticipated to stay so over the near future. The online segment is expected to grow at the highest CAGR of xx% in the global fresh cherries market during the forecast period. As several consumers are aware of the e-commerce website and also this channel gives choice to the consumers.


Global Fresh Cherries Market Regional Insights:
The Asia Pacific dominates the global Fresh Cherries Market during the forecast period 2021-2027. The Asia Pacific held the largest market share of xx% in 2020. Due to the Substantial development of industrialization and rising demand for fresh cherries in bakery goods in developing countries such as China and India. China is the largest country production of fruit products, due to the advent of technologies in agriculture and the growing consumption of healthy beverage products in the region. Additionally, fast growth and altering likings of food and beverages amid consumers are factors expected to drive the growth of the Asia Pacific market.

North America held the 2nd largest market share of xx% in 2020. Because of the large demand for fresh cherries in countries such as the United States and Canada in the region. Due to the increasing awareness of the health benefits of various fresh fruits and vegetables among individuals in the region, the European market is expected to experience moderate growth.

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Global Fresh Cherries Market


Report Coverage
Details


Base Year:
2020
Forecast Period:
2021-2027


Historical Data:
2016 to 2020
Market Size in 2020:
US $ 50.70  Bn.


Forecast Period 2021 to 2027 CAGR:
7.4%
Market Size in 2027:
US $ 83.57 Bn.


 Segments Covered:
by Taste
• Sweet
• Sour


by Sales Channel
• Retail Stores
• Hypermarket
• Online


by Application
• Bakery
• Jams
• Jellies
• Ice Creams
• Salads
• Dairy Beverages
• Direct Consumption
• Alcoholic Beverages



Global Fresh Cherries Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Fresh Cherries Market Key Players
• Diva Agro Ltd
• SICA SAS SICODIS
• Cherry Hill Orchards
• Alara Agri
• Perfecta Produce
• Leelanau Fruit Co.
• Northstar Organics
• Vitin Fruits
• Hood River Cherry Co.
• Smelterz Orchard Co.
• Alacam Tarim
• The Global Green Co. Ltd.
• Rainier Fruit Co.
• Dell's Marachino Cherries
• Reid Fruits
• BEL'EXPORT NV
• AMAZONIA BIO
• Karsu Fruit
• Elis Global Inc.
• Nidal Fresh Co
Frequently Asked Questions:
1] What segments are covered in Fresh Cherries Market report?
Ans. The segments covered in Almond Butter Market report are based on Taste, Sales Channel and Sales Channel.

2] Which region is expected to hold the highest share in the global Fresh Cherries Market?
Ans. Asia Pacific is expected to hold the highest share in the global Almond Butter Market.

3] What is the market size of global Fresh Cherries Market by 2027?
Ans. The market size of global Almond Butter Market by 2027 is US $ 83.57 Bn.

4] Who are the top key players in the global Fresh Cherries Market?
Ans. Diva Agro Ltd, SICA SAS SICODIS, CherryHill Orchards, Alara Agri, Perfecta Produce, and Leelanau Fruit Co. are the top key players in the global Almond Butter Market.

5] What was the market size of global Fresh Cherries Market in 2020?
Ans. The market size of global Almond Butter Market in 2020 was US $ 50.70 Bn.

6] By Sales Channel, What segments are covered in global Fresh Cherries Market report?
Ans. The segments covered in global Almond Butter Market report by sales channel are Retail Stores, Hypermarket and Online.