USD 551.1 billion
Report ID: SQMIG30H2068 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 66 | Figures: 75
Fresh Fruits Market size was valued at USD 551.1 billion in 2021 and is poised to grow from USD 570.94 billion in 2022 to USD 757.65 billion by 2030, growing at a CAGR of 3.6% in the forecast period (2023-2030).
The rising consumption of fresh fruits and liquids is moving the market forward. Furthermore, rising health concerns and increased awareness about the advantages of fruits among individuals in both emerging and developed countries are key market drivers. Over the forecast period, the burgeoning food sector and rising expenditure on fresh food products are expected to drive market expansion.
According to the International Food Information Council's Food and Health Survey, over half of the respondents are concerned about eating food prepared outside the home. Rising population expansion, combined with increasing urbanization worldwide, predicts global market demand. Furthermore, rising disposable income and economic growth in developing countries boost market growth. Additionally, the market is being driven by the convenience food trend in developed regions. Furthermore, increasing the use of chemicals to clean and sanitize in order to prevent the growth of the microbial population is predicted to fuel revenue growth.
The increased trade of fresh fruits, as well as production, is hastening market expansion. Furthermore, in the coming years, the market will be driven by innovation in packaging techniques such as modified environment packaging, edible coating, and so on, for keeping freshness or improving the product’s shelf life. However, severe government laws and regulations surrounding export and import and the high cost of fresh fruits are impeding market expansion.
US Fresh Fruits Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 551.1 billion
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Global Fresh Fruits Market is segmented based on Product Type, distribution channel, and region. By Product Type, the Fresh Fruits Market is segmented into Apples & Pears, Bananas, Berries & Grapes, Citrus Fruits, Watermelon & Melon, Mangoes & Guava, and Pineapples. By Distribution Channel, the Fresh Fruits Market is segmented into Offline and Online. By Region, the Fresh Fruits Market is segmented into North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa.
Fresh Fruits Market Analysis by Product Type
The banana segment dominated the global market. The growing popularity of organic fruits due to their chemical-free and nutritional worth will drive market expansion throughout the forecast period. The primary driving force behind this category is the increased consumption of fresh fruits and associated products such as juices and shakes as fast and rapid sources of energy and nutrition.
The apples and pears segment is the fastest-growing segment. Apples and pears, as handy nutritious foods made available to consumers through retail channels, are boosting market expansion. Furthermore, the rising popularity and need for fresh food and rising consumer disposable income are driving market expansion. Trends in fresh and exotic fruits, combined with customers' preference for vegan diets, are driving the expansion of this market.
Fresh Fruits Market Analysis by Distribution Channel
The offline channel dominated the global market. People prefer offline shopping for consumer products, groceries, and fruits to inspect the product quality directly. Also, ease of access to and searching for various fruits through retailers is projected to drive segment growth. Because of improved distribution channel networks around the world, offline channels are likely to stay dominant over the forecast period.
The online channel segment is expected to grow at the fastest CAGR. Because of the internet penetration rate, the increased acceptance of the e-commerce industry for the purchase of consumer goods and food products has seen profitable growth in recent years. With the introduction of online grocery shopping portals, consumers now have a convenient way to purchase fresh, chopped, or processed fruits and vegetables without having to visit physical stores.
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Asia Pacific dominated the fresh fruit market. China, India, and Japan have a large customer base for fresh fruits, fuelling regional demand. Furthermore, the region is predicted to dominate due to expanding disposable income and population. Customers' worry about their health will drive market expansion in the next years.
Europe is the fastest-growing region for the fresh fruits Market. Rising consumption of fresh food products in Germany, the United Kingdom, France, and other European countries due to excellent nutritional quality is expected to drive market expansion in this region. Furthermore, rising consumer health awareness is expected to support market expansion during the forecast period, as is an increase in fruit imports.
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Fresh Fruits Market Driver
Growing demand for convenience
Fresh Fruits Market Restraints
Transportation and storage challenges
Competition from processed fruits
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The global fresh fruit market is a highly competitive and dynamic industry with a diverse range of players operating at different levels of the supply chain. The industry is shaped by various factors, including product quality, price, brand image, distribution channels, macroeconomic and environmental factors, and changing consumer preferences. Companies that can effectively navigate these factors and stay ahead of market trends are more likely to succeed and gain a competitive edge in this industry.
Fresh Fruits Market Top Player’s Company Profiles
Fresh Fruits Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global fresh fruits market analysis, rising health concerns and increased awareness about the advantages of fruits among individuals in both emerging and developed countries are key market drivers. The industry is always evolving and adapting to suit the demands of consumers, whether through new technology, changing consumer tastes, or other market trends.
|Market size value in 2021||USD 551.1 billion|
|Market size value in 2030||USD 570.94 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Fresh Fruits Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fresh Fruits Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fresh Fruits Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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