USD 572.56 billion
Fresh Fruits Market Size, Share, Growth Analysis, By Type(Bananas, Watermelon, Apples, Grapes), By Application(Commercial and Household), By Distribution Channels(Online, and Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30H2068 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
92
|Figures:
76
Fresh Fruits Market Insights
Global Fresh Fruits Market size was valued at USD 572.56 billion in 2022 and is poised to grow from USD 594.32 billion in 2023 to USD 800.93 billion by 2031, at a CAGR of 3.8% during the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Offline channel
Fastest Growth
Online channel
Growth Rate
3.8% CAGR
Global Fresh Fruits Market ($ Bn)
Country Share for Asia Pacific Region(%)
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Fresh Fruits Market Segmental Analysis
Global Fresh Fruits Market is segmented by type, application, distribution channel and region. Based on type, the market can be segmented into Bananas, Watermelon, Apples, Grapes, Oranges, Mangoes & Guavas, Pineapple & Melon, and Others. Based on application, the market is segmented into Commercial and Household. Based on distribution channels, the market is segmented into Online and Offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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.
Global Fresh Fruits Market Size By Distribution Channel
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Fresh Fruits Market Regional Insights
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.
Global Fresh Fruits Market Size By Region
- Largest
- Fastest
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Fresh Fruits Market Dynamics
Fresh Fruits Market Driver
Health consciousness
- With growing awareness about the health benefits of fresh fruits, consumers are increasingly including them in their diets. Fresh fruits are an excellent source of vitamins, minerals, fiber, and other nutrients, and are known to lower the risk of chronic diseases such as cancer, diabetes, and heart disease.
Growing demand for convenience
- Consumers are increasingly looking for convenient and easy-to-prepare food options, including fresh fruits. Pre-cut and packaged fruits are becoming more popular, as they offer a quick and healthy snack option for busy consumers.
Fresh Fruits Market Restraints
Seasonal availability
- Fresh fruits are highly seasonal and are often only available during certain times of the year. This can lead to supply shortages and price fluctuations, which can make it difficult for retailers and consumers to plan their purchases.
Transportation and storage challenges
- Fresh fruits are highly perishable and require careful handling and storage to maintain their quality and freshness. This can be a challenge for growers, shippers, and retailers, who must ensure that the fruit is transported quickly and stored properly to prevent spoilage.
Competition from processed fruits
- Processed fruit products such as canned and frozen fruits can offer consumers a more convenient and longer-lasting option and can be available year-round. This can limit the demand for fresh fruits, particularly in markets where fresh options may be more expensive or harder to find.
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Fresh Fruits Market Competitive Landscape
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
- Dole Food Company, Inc. (USA)
- Fresh Del Monte Produce Inc. (USA)
- Chiquita Brands International, Inc. (USA)
- Total Produce PLC (Ireland)
- Del Monte Pacific Limited (Singapore)
- Sun World International, LLC (USA)
- The Wonderful Company LLC (USA)
- Capespan Group Limited (South Africa)
- T&G Global Limited (New Zealand)
- Agrana Fruit (Austria)
- Driscoll's (USA)
- BerryWorld Group Limited (UK)
- Naturipe Farms (USA)
- Pacific Coast Fruit Company (USA)
- Greenyard NV (Belgium)
- Mazzoni Group (Italy)
- The Giumarra Companies (USA)
- Karsten SA de CV (Mexico)
- Jupiter Group (UK)
- G's Fresh Ltd. (UK)
Fresh Fruits Market Recent Developments
- In March 2024, Louis Dreyfus Company (LDC) announced the exclusive launch in the French market of its new fresh fruit juice brand, Montebelo Brasil, in collaboration with Laiterie de Saint-Denis-de-l’Hôtel (LSDH) for commercialization, bottling and distribution.
- In March 2024, as the pioneer and global leader in post-harvest solutions for fresh produce, AgroFresh Solutions, Inc. announced the acquisition of Pace International LLC, including its domestic and overseas operations.
- In March 2024, ProducePay, the agtech company on a mission to transform the global agricultural industry into a more predictable, connected and sustainable supply chain, and Four Star Fruit BB, one of the world’s largest growers and shippers of table grapes, joined forces with leading Mexican growers to provide four million cases of table grapes during the months of May and early June, traditionally the lowest volume period of the year.
Fresh Fruits Key Market Trends
- The growing demand for healthy and natural food products is driving the global fresh fruit market. Fresh fruits are becoming more popular as a source of vitamins, minerals, and other critical nutrients as people become more health-conscious. This is especially true in emerging nations, where rising incomes and changing lifestyles are fueling demand for high-quality fresh fruits.
- Sustainability and ecologically friendly production practices are becoming increasingly important in the global fresh fruit sector. People are increasingly concerned about the environmental impact of food production and are looking for items made in environmentally friendly ways. This trend is driving industry innovation, with new technology and procedures being developed to reduce waste, conserve resources, and lessen the environmental impact of fresh fruit production.
Fresh Fruits Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 572.56 billion |
| Market size value in 2031 | USD 800.93 billion |
| Growth Rate | 3.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Fresh Fruits Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Fresh Fruits Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fresh Fruits Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fresh Fruits Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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