Fresh Cherries Market: Introduction
A recent
study published by Transparency Market Research on the fresh cherries
market includes global industry analysis and opportunity assessment
for 2019-2029.
The global fresh cherries market is expected to be valued at ~US$
47.3 Bn in 2019, which is
projected to rise at a CAGR of 8.5%, to reach ~US$
107.2 Bn by 2029.
Two–third
of Consumers Spend on Fresh Foods
Consumers
nowadays are becoming followers of healthy lifestyle. With ongoing trends
popularizing healthy eating habits, many of them are taking smaller meals
throughout the day, especially those are following weight management plans.
Meanwhile others are looking for healthier options with regards to their meals.
This in turn creates growth opportunities for the fresh cherries market. The
better-for-you snacks category is expected to grow at a significant rate. This
category includes nutrition bars fruits and Greek yogurt, and is anticipated to
grow at 5% by 2018.
According to the American Wholesale Marketers Association, fresh
snacks-primarily fruits including cherries - are popular among consumers. In 2017,
fresh cherries consumption was at 0.60 million tones
and its global market share in the fresh fruit market was 1.4%.
However, it is anticipated to rise by 7.5% in
upcoming 10 years. This reflects a shift in consumer preferences for fresh
foods and it is anticipated that consumer demand for fresh food will remain
strong.
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Frozen Fruit Sales Soar as
Smoothies Get Popular
The rising
demand for a variety of beverages in the food and beverage industry is one of
the major factors bolstering fresh cherries sales across the globe. In addition
to this, the market is expected to gain from the rising demand for frozen
fruit.
As compared
to ordinary fruits, frozen fruits retain a majority of nutrients present in
them for a longer period. This is one of the key reasons behind their
increasing demand worldwide.
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Furthermore,
frozen fruits are high in demand because of their diverse usage in bakery,
confectionery, and smoothies. Likewise, the demand for smoothies is rapidly
increasing, due to the high consumption of healthy beverages and the increasing
demand for ready-to-go food products. This will in turn increase the demand of
fresh cherries in the global market. Moreover, the rising awareness among
millennial about their wellbeing and with rapid penetration of the internet
will bode well for the overall market. Access to information is increasing the
demand for prepared to-eat nourishment items. This is fueling the demand of
smoothies and simultaneously fueling the demand for fresh cherries around the
world.
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Gradual Shift toward Organic Fresh
Cherries Boosts Growth
Consumers
are becoming increasingly conscious about their health and fitness. The rising
'move to organic' trend is largely affecting various markets in the food and
beverage sector. Thus, organically producing fresh cherries with minimum use of
chemicals while launching new fresh cherries products and making consumers
aware of the same with proper labeling and advertisements can boost the fresh
cherries market in the forecast period.
According
to USDA (United States Department of Agriculture), consumers’ demand for
organic fruit is showing a double-digit growth. In the U.S., organic food sales
account for over 4 percent of total US food sales, according to recent industry
statistics, wherein food sales total is approximately 47.9
billion.
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About
Us
Transparency
Market Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive blend of
quantitative forecasting and trend analysis provides forward-looking insights
to thousands of decision makers. TMR’s experienced team of analysts,
researchers, and consultants use proprietary data sources and various tools and
techniques to gather and analyse information.
TMR’s data
repository is continuously updated and revised by a team of research experts so
that it always reflects the latest trends and information. With extensive
research and analysis capabilities, Transparency Market Research employs
rigorous primary and secondary research techniques to develop distinctive data
sets and research material for business reports.
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