Cherry Market Size, Share, Growth Analysis, By Type(Sweet and Sour), By Colour(Red and Black) - Industry Forecast 2024-2031

Report ID: SQMIG30H2143 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 59 | Figures: 77

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Cherry Market size was valued at USD 59.61 billion in 2022 and is poised to grow from USD 64.08 billion in 2023 to USD 114.29 billion by 2031, growing at a CAGR of 7.50% during the forecast period (2024-2031).

Details about each competitor are provided in the competitive landscape for cherries. Included information includes a business overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, presence, production sites and facilities, product launch, product breadth and depth, and application domination 'Stemilt Growers (United States)', 'Northwest Cherry Growers (United States)', 'Domex Superfresh Growers (United States)', 'CMI Orchards (United States)', 'Washington Fruit & Produce Co. (United States)', 'Zirkle Fruit Company (United States)', 'Rainier Fruit Company (United States)', 'Chelan Fresh (United States)', 'Gebbers Farms (United States)', 'Monarch Fruit Company (United States)', 'Columbia Fruit Packers (United States)', 'Dole Food Company (United States)', 'Del Monte Foods (United States)', 'The Wonderful Company (United States)', 'Naturipe Farms (United States)', 'Driscoll's (United States)', 'Unifrutti Group (Chile)', 'San Miguel Corporation (Philippines)', 'Sutherland S.A.C. (Peru)', 'CherryHill Orchards (Australia)', 'Borton Fruit (United States)', 'Valley Fresh Produce (United States)'

The cherry market has benefited from the growth of international trade and export opportunities. Cherry-producing regions, such as North America, Europe, and Chile, have capitalized on exporting their cherries to countries with limited or off-season cherry production. Export opportunities have allowed cherry growers to expand their customer base and cater to the demand in different parts of the world, thereby driving market growth.

Growing Preference for Local and Heirloom Varieties : There is a rising interest in local and heirloom cherry varieties, driven by factors such as nostalgia, unique Flavors, and support for local agriculture. Consumers appreciate the distinct characteristics and regional significance of these cherries, which often have a limited production and are associated with specific growing regions. Local and heirloom cherries offer consumers a sense of connection to their heritage and promote sustainability through local sourcing.

The Asia Pacific region will rule the fresh cherry market. The Asia Pacific region led the market share in 2022. as a result of the massive expansion of industrialization and the increasing demand for fresh cherries in baked goods in developing nations like China and India. Due to the development of agricultural technologies and the region's rising need for healthy beverage items, China produces the most fruit products of any country. The Asia Pacific market is anticipated to increase as a result of factors such as rapid growth and changing customer preferences for food and beverages.

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Global Cherry Market

Product ID: SQMIG30H2143