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Global Fruits Market to Grow at a CAGR of 3.5% During 2022-2027, Aided by the Rising Awareness about the Benefits Offered by Fruits

According to a new report by EMR titled, ‘Global Fruits Market Report and Forecast 2022-2027’, the global fruits industry attained a value of about USD 538 billion in 2020. The market is further expected to grow at a CAGR of 3.5% in the forecast period of 2022-2027.

The global fruits industry is driven by the rising demand for fruits from the household sector, owing to the high nutritional value and growing demand for natural products. Consumption of fruits have various advantages, such as increased life span, improved mental health, better cardiovascular health, reduced risk of some cancers, and weight management, among others. The population involved in working out and athletics prefer fruits in order to maintain their weight and improve their focus. Over the forecast period, the growing demand for citrus fruits is likely to propel the market growth.

The growing trend of e-commerce is likely to bolster the market growth, owing to the wide variety of fruits available on the platforms, along with the convenience of delivery. E-commerce platforms such as Amazon (NASDAQ: AMZN) and Tesco (LON: TSCO), being two of the leading online platforms which provide high-quality fruits along with attractive packaging and schemes. The emergence of these websites is likely to provide an impetus to the market growth in the forecast period.

In terms of region, the Asia Pacific is likely to account for a significant share in the market, owing to the growing awareness about the fruits or fruit-based products such as fruit juice and fruit salad. The increasing geriatric population in countries like China and India is anticipated to bolster the demand for fruits, owing to the various health benefits offered by the product. In India, dragon fruit is gaining traction in the forecast period, aided by the growth of the fruits and vegetable stores.

Market Breakup by Nature, Types, Distribution Channels, Applications, and Region:

  • The market, based on nature, is segmented into organic and non-organic.
  • The types of fruits include apple and pears, citrus, stone fruits, tropical and exotic, berries, and melons, among others.
  • The various distribution channels of the product include supermarkets and hypermarkets, fruits and vegetable stores and online, among others.
  • On the basis of application, the market is segmented into household and commercial.
  • The regional markets for fruits can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for fruits is driven by the rising demand for fruits from the household sector, owing to the various health benefits offered by the product.
  • The growing demand for citrus fruits is likely to propel the market growth.
  • The growing popularity of ecommerce industry is likely to bolster the demand for the fruits.
  • The rising demand for smoothies and fresh fruit juices is also propelling the market demand.

Key Offerings of the Report:

  • The EMR report gives an overview of the global fruits industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the nature, types, distribution channels, applications, and region of fruits.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global fruits market include Dole Food Company Inc., Del Monte Foods Inc., Chiquita Brands International Sàrl, Greenyard NV, and  Sunwest Fruit Company, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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