What Is The Current and Historic Market Size Analysis Of The Cherries Market?
The cherries market has seen considerable growth due to a variety of factors.
• The cherries market has grown significantly in recent years. It will increase from $63.03 billion in 2024 to $68.7 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.0%.
This growth is driven by greater awareness of the health benefits of cherries, increased disposable income, urbanization, government policies supporting the cherry industry, and growing consumer demand for fresh, healthy food.
What Are The Predictions for The Cherries Market in the Coming Years?
The cherries market is expected to maintain its strong growth trajectory in upcoming years.
• The cherries market is projected to reach $95.71 billion by 2029 at a CAGR of 8.6%.
Growth is fueled by the rising demand for organic and natural food products, e-commerce, and improvements in cherry cultivation. Key trends include the growing popularity of dried cherries, cherry-based beverages, and sustainable farming practices in cherry cultivation.
Which Drivers Are Accelerating Growth In The Cherries Market?
The growing preference for plant-based diets is expected to promote the cherries market. Plant-based diets emphasize foods derived from plants while minimizing animal products. Health awareness, environmental concerns, and ethical considerations are fueling this trend. Cherries are a popular ingredient in plant-based diets, featured in salads, smoothies, and desserts. According to the Good Food Institute, global retail sales of plant-based meat grew by 8% in 2022. This surge in plant-based food demand will drive the cherries market.
What Are The Core Segments Of The Global Cherries Market?
The cherries market covered in this report is segmented –
1) By Type: Sweet, Sour
2) By Varieties: Bing, Rainier, Lambert, Lapins
3) By Application: Direct Consumption, Cakes And Bakery, Candy And Snacks, Jams And Juice, Alcoholic Beverages, Other Applications
4) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Online
Subsegments:
1) By Sweet Cherries: Bing Cherries, Rainier Cherries, Chelan Cherries, Lapins Cherries, Tulare Cherries, Sweetheart Cherries
2) By Sour Cherries: Montmorency Cherries, Balaton Cherries, Morello Cherries, Tart Cherries
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How Are New Trends Impacting The Size Of The Cherries Market?
Companies in the cherries market are concentrating on developing innovative production lines that improve harvesting processes and optimize supply chain management. These production lines integrate advanced technologies, automation, and efficient methods to enhance productivity. For instance, in April 2024, FirstFruits Farms Inc., a US-based apple packer, grower, and shipper, introduced an advanced cherry production line in Prescott, Washington. The new line features automation, ensuring the delivery of high-quality fruit and includes packaging options like clamshells, pouch bags, and top seal capabilities. The equipment is expected to significantly boost production capacities.
Who Are the Key Players In The Cherries Market?
Major companies operating in the cherries market are:
• Dole Plc
• Del Monte Foods Inc.
• Maple Leaf Foods
• Unifrutti Group
• Gebbers Farms
• Stemilt Growers
• WASHINGTON FRUIT GROWERS
• Driscoll's Inc.
• Borton Fruit
• Zirkle Fruit Company
• Chelan Fresh
• Columbia Fruit Packers Inc.
• Domex Superfresh Growers
• Rainier Fruit Co.
• Valley Fresh Produce
• Naturipe Fruits
• Smeltzer Orchard Company LLC
• CMI Orchards LLC.
• Leelanau Fruit Co.
• Alaraagri.com
• Hood River Cherry Company
• Global Green Company
• CherryHill Orchards Pty Ltd.
• Perfecta Produce
• AMAZONIA BIO
What Are The Regional Insights Into The Cherries Market?
Asia-Pacific was the largest region in the cherries market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cherries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
