Cherries Global Market Report 2024

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033

LONDON, GREATER LONDON, UK, June 18, 2024 /EINPresswire.com/ -- The cherries market has shown robust growth in recent years, poised to escalate from $58.15 billion in 2023 to $63.03 billion in 2024, with a compound annual growth rate (CAGR) of 8.4%. This growth trajectory is driven by factors such as increased awareness of the health benefits of cherries, rising disposable incomes, and ongoing urbanization trends. Government policies supporting the cherry industry and shifting consumer preferences towards fresh and healthy food options have also contributed significantly to market expansion.

Plant-Based Diet Popularity Boosts Cherries Market
The surging popularity of plant-based diets worldwide is a key driver propelling the cherries market forward. Plant-based diets, which primarily consist of fruits, vegetables, grains, nuts, and seeds while minimizing animal products, have gained traction due to growing health consciousness, environmental concerns, and ethical considerations. Cherries, renowned for their flavor and nutritional benefits, are integral components in plant-based meals, including salads, smoothies, desserts, and sauces. The adoption of plant-based diets has been underscored by statistics from Grubhub, indicating a notable increase in vegan and vegetarian food orders, thus further stimulating the demand for cherries.

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Key Players Driving Innovation in Cherry Production
Major companies in the cherries market are actively innovating their production processes to enhance efficiency and meet growing consumer demands. For instance, FirstFruits Farms Inc., based in the United States, recently introduced an advanced cherry production line in Prescott, Washington. This state-of-the-art facility incorporates cutting-edge technologies and automation to streamline harvesting and packaging operations for both Rainier and Dark Sweet cherry varieties. Such innovations are aimed at optimizing supply chain management and ensuring high-quality fruit delivery to consumers.

Trends Shaping the Future of the Cherries Market
In the forecast period, several trends are expected to shape the cherries market landscape. These include the rising popularity of dried cherries as a convenient snack option, an expanded variety of cherries available in supermarkets catering to diverse consumer preferences, and an increasing interest in cherry-infused beverages and cocktails. Moreover, there is a notable shift towards sustainable farming practices in cherry cultivation, alongside innovations in cherry-based skincare products, reflecting broader trends towards sustainability and wellness in consumer goods.

Segments of the Cherries Market
The cherries market is segmented by type into sweet and sour cherries, offering distinct flavors and applications across various industries. Varieties such as Bing, Rainier, Lambert, and Lapins cater to different consumer preferences and culinary uses, ranging from direct consumption to incorporation in baked goods, candies, jams, juices, and alcoholic beverages. Distribution channels encompass supermarkets or hypermarkets, convenience stores, and online platforms, ensuring widespread accessibility of cherries to consumers globally.
Asia-Pacific Leads Cherries Market Growth

Asia-Pacific emerged as the largest region in the cherries market in 2023 and is projected to maintain its position as the fastest-growing region throughout the forecast period. The region's dynamic growth is driven by increasing consumer demand, expanding urbanization, and the rising popularity of cherries as a versatile ingredient in diverse cuisines.

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Cherries Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Cherries Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cherries market size, cherries market drivers and trends, cherries market major players, competitors' revenues, market positioning, and market growth across geographies. The cherries market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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