The fruit cultivation market has grown strongly in recent years, expected to increase from $5.38 billion in 2023 to $5.77 billion in 2024, at a compound annual growth rate (CAGR) of 7.4%. Key factors include climate variability, technological advancements, government policies, market demand, and the impact of pest and disease outbreaks.
The fruit cultivation market is projected to grow significantly, reaching $7.71 billion by 2028 at a CAGR of 7.5%. This growth is driven by sustainability efforts, innovations in water management, climate change adaptation, rising global populations, and advancements in biotechnology. Trends to watch include the growth of organic farming, adoption of smart farming technologies, increased production of tropical fruits, sustainable packaging, and the shift towards climate-resilient crops.
Major Driver In The Fruit Cultivation Market
The awareness about the importance of a healthy diet is expected to propel the growth of the fruit cultivation market going forward. This awareness has surged due to rising health issues like obesity and chronic diseases, along with increased access to nutritional information promoting long-term well-being. Fruits provide essential vitamins, minerals, antioxidants, and dietary fiber, which support overall health and aid digestion. The International Food Information Council reported that 52% of Americans followed a diet or eating pattern in 2022, up from an average of 39% in 2021 and 43% in 2020. Three out of ten Americans indicated they consume more protein from whole plant sources, with top diets in 2022 being clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based eating (12%). Therefore, the growing awareness of a healthy diet is driving the fruit cultivation market's growth.
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Fruit Cultivation Market Competitive Landscape
Dole Food Company, Chiquita Brands International, SanLucar Fruit S.L., Sun Pacific Inc., Wonderful Citrus LLC, Fresh Del Monte Produce Inc., Limoneira Company, Sunkist Growers Inc., Alico Inc., Southern Gardens Citrus, Kings River Packing, Driscoll's Inc., J & J Farms, Citri&Co, Vinut Beverage, GVS Fruit Company, Deccan Exotics, Golden Star Citrus Inc., GENERATIONS Food And Produce, Kölla The Fruit Company, Hayleys Agriculture Holding Limited
Key Fruit Cultivation Market Trend
In the fruit cultivation market, companies are heavily investing in electric harvesting equipment to improve efficiency, reduce labor costs, and address sustainability. Electric harvesting machinery reduces fuel consumption and carbon emissions. For instance, in October 2023, Munckhof Fruit Tech Innovators from the Netherlands introduced the hybrid Pluk-O-Trak, an electric harvesting aid designed to improve efficiency and lower environmental impact. It can be recharged with a 220V power connection or a built-in diesel generator. The machine boosts picking performance by 20%-40%, reduces fruit damage by up to 50%, and includes features like automatic bin changes and four-wheel drive, making it suitable for a variety of terrains.
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Global Fruit Cultivation Market Segmentation
The fruit cultivation market covered in this report is segmented –
1) By Product Type: Apples And Pears, Bananas, Berries And Grapes, Citrus Fruits, Watermelon And Melon, Mangoes And Guava, Other Product Types
2) By Cultivation Methods: Square Layout Method, Rectangle Layout Method, Equilateral Triangular Layout Method, Hexagonal Method, Symmetrical Line Layout Method, Intensive Planting Method, Other Cultivation Methods
3) By Application: Commercial, Household
By Geography:The regions covered in the fruit cultivation marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the fruit cultivation market in 2023.
The Fruit Cultivation Global Market Report 2024 furnishes information about the global fruit cultivation market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
