According to the current analysis of Introspective Market Research, the global Fresh Cherries Market was valued at USD 54.68 Billion in 2021 and is expected to reach USD 92.80 Billion by the year 2028, at a CAGR of 7.85%.
Fresh cherries are vitamin-rich fruits that can be used in a variety of ways in the diet. It has grown in popularity over time 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 business appears to be optimistic, since demand for this fruit will rise due to growing global sharing of eating habits and products. Cherries are primarily consumed raw, but they are also used in baked goods, candy and snacks, jams and juices, alcoholic beverages, and other products. The value of US cherry exports for sweet fresh cherries was $428.7 million in 2021. (2021 ERS). Only fresh sweet cherries and dried cherries are displayed in the statistics for reported US export and import destinations by value. Canada ($149.7 million) was the top market for fresh sweet cherry exports from the United States, followed by South Korea ($93.7 million). The United Kingdom was the top market for dried cherry exports from the United States (ERS 2018). Imports of sweet fresh cherries from the United States were valued at $35.5 million. Fresh sweet cherries were mostly supplied by Chile ($22 million) (ERS 2021).
Fresh cherry is increasingly being used in ice creams, jellies, salads, dairy beverages, and alcoholic beverages around the world, which is fueling the global market's growth. Cherries are high in vitamin A, vitamin C, anthocyanins, calcium, carotenoids, iron, and proteins, all of which help to regulate blood sugar, lose weight, lower cholesterol, and improve cardiovascular health. This is another factor that is anticipated to fuel global market expansion. The global market is expected to develop as disposable income rises, the population grows, and people's preferences for fresh fruits and vegetables grow.
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Fresh Cherries Market Report Highlight
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.
By nature, the organic segment is expected to hold a significant fresh cherries market share over the forecast period.
By application, the bakery product segment is anticipated to register the maximum fresh cherries market share over the forecast period.
By distribution channel, the fresh cherry market is divided into modern trade, grocery stores, convenience stores, online channels, and others, including direct sales.
The Asia Pacific will lead the global fresh cherries market during the forecast period. In 2020, Asia Pacific had the greatest market share.
Segmentation of Fresh Cherries market:
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
Reasons to Purchase this Market Report:
Market forecast analysis through recent trends and SWOT analysis
Fresh Cherries Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
Fresh Cherries Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
Competitive environment related to the Fresh Cherries market share for key players, along with new projects and strategies that players have adopted over the past five years
Market Segment by Regions and Countries Level Analysis:
- 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)
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Players Covered in Fresh Cherries Market are :
- 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
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