Market Size of Fresh Cherries Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players*Disclaimer: Major Players sorted in no particular order |
Fresh Cherries Market Analysis
The fresh cherries market is projected to register a CAGR of 5.2% over the forecast period.
- Cherries are a good vitamin C, calcium, iron, magnesium, and potassium source. It constitutes carbohydrates, protein, vitamin C, calcium, potassium, iron, magnesium, fiber, and many beneficial phytonutrients with positive health effects. Fresh cherries prevent gout, lower cancer risk, reduce muscle sourness, aid heart health, and support memory functions by preventing oxidative damage in brain cells.
- According to the Food and Agriculture Organization (FAO), Turkey, the United States, Chile, Uzbekistan, and Iran are the major producer of fresh cherries across the globe, contributing 689,834 metric tons, followed by 343,190 metric tons, 325,048.6 metric tons, 213,600 metric ton, and 156,134.13 metric ton during the year 2021.
- An increase in the demand for imported cherries that are larger and sweeter, such as "cheery grand" and "cheery treat," can be attributed to the major shift in demand for fresh sweet cherries from soft and sour varieties that are prone to weather fluctuations and storage conditions.
- A growing inclination towards health consciousness, followed by a surge in the uptake of fresh beverages such as smoothies, has led to an overall spike in demand for fresh cherries. This is further supported by the fact that in Marseille and Paris in France, the average price of a ton of cherries increased to USD 3607.94, which is solely attributed to the increase in the cultivation of premium-quality sweet cherries and innovative varieties.
Fresh Cherries Industry Segmentation
Fresh cherries are small stone fruits that come in a variety of colors and flavors. There are two major categories - tart and sweet cherries, or Prunus cerasus L. and Prunus avium L., respectively.
The fresh cherries market is segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers an analysis of production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trend analysis.
The report offers market size and forecasts in terms of value (USD thousand) and volume (metric ton) for all the above segments.
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Fresh Cherries Market Size Summary
The fresh cherries market is experiencing a notable growth trajectory, driven by increasing health consciousness and a rising demand for fresh beverages like smoothies. Cherries are recognized for their nutritional benefits, including high levels of vitamin C, calcium, and potassium, which contribute to various health advantages such as reducing cancer risk and supporting heart health. The market is characterized by a shift in consumer preference towards larger and sweeter imported varieties, such as "cheery grand" and "cherry treat," which are less susceptible to weather fluctuations and storage issues. This shift is particularly evident in major consuming regions like Europe and China, where regional imports from Turkey and the United States dominate the market. The cultivation of premium-quality sweet cherries and innovative varieties has further fueled demand, as seen in the rising prices in markets like France.
In terms of production, Turkey and the United States are leading producers, with significant contributions from Chile, Uzbekistan, and Iran. The United States has seen a steady increase in cherry-planted areas, although challenges like drought and frost have prompted producers to adopt strategies to maintain fruit size and quality. The Asia-Pacific region, particularly China, Hong Kong, and Australia, is emerging as a fast-growing market, with China expanding its import base to countries like Kyrgyzstan and Uzbekistan due to high import tariffs on U.S. cherries. The demand for premium-quality regional varieties, such as Tasmanian cherries, is also on the rise in Hong Kong. These dynamics are expected to continue driving the fresh cherries market's growth during the forecast period.
Fresh Cherries Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.1.1 Production Analysis
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2.1.1.1.2 Consumption Analysis and Market Value
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2.1.1.1.3 Import Market Analysis (Volume & Value)
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2.1.1.1.4 Export Market Analysis (Volume & Value)
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2.1.1.1.5 Price Trends Analysis
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2.1.1.2 Canada
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2.1.1.2.1 Production Analysis
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2.1.1.2.2 Consumption Analysis and Market Value
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2.1.1.2.3 Import Market Analysis (Volume & Value)
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2.1.1.2.4 Export Market Analysis (Volume & Value)
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2.1.1.2.5 Price Trends Analysis
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2.1.2 Europe
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2.1.2.1 Spain
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2.1.2.1.1 Production Analysis
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2.1.2.1.2 Consumption Analysis and Market Value
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2.1.2.1.3 Import Market Analysis (Volume & Value)
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2.1.2.1.4 Export Market Analysis (Volume & Value)
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2.1.2.1.5 Price Trends Analysis
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2.1.2.2 Italy
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2.1.2.2.1 Production Analysis
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2.1.2.2.2 Consumption Analysis and Market Value
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2.1.2.2.3 Import Market Analysis (Volume & Value)
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2.1.2.2.4 Export Market Analysis (Volume & Value)
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2.1.2.2.5 Price Trends Analysis
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2.1.2.3 Germany
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2.1.2.3.1 Production Analysis
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2.1.2.3.2 Consumption Analysis and Market Value
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2.1.2.3.3 Import Market Analysis (Volume & Value)
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2.1.2.3.4 Export Market Analysis (Volume & Value)
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2.1.2.3.5 Price Trends Analysis
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2.1.2.4 United Kingdom
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2.1.2.4.1 Production Analysis
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2.1.2.4.2 Consumption Analysis and Market Value
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2.1.2.4.3 Import Market Analysis (Volume & Value)
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2.1.2.4.4 Export Market Analysis (Volume & Value)
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2.1.2.4.5 Price Trends Analysis
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2.1.2.5 Russia
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2.1.2.5.1 Production Analysis
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2.1.2.5.2 Consumption Analysis and Market Value
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2.1.2.5.3 Import Market Analysis (Volume & Value)
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2.1.2.5.4 Export Market Analysis (Volume & Value)
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2.1.2.5.5 Price Trends Analysis
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2.1.3 Asia-Pacific
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2.1.3.1 China
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2.1.3.1.1 Production Analysis
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2.1.3.1.2 Consumption Analysis and Market Value
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2.1.3.1.3 Import Market Analysis (Volume & Value)
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2.1.3.1.4 Export Market Analysis (Volume & Value)
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2.1.3.1.5 Price Trends Analysis
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2.1.3.2 India
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2.1.3.2.1 Production Analysis
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2.1.3.2.2 Consumption Analysis and Market Value
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2.1.3.2.3 Import Market Analysis (Volume & Value)
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2.1.3.2.4 Export Market Analysis (Volume & Value)
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2.1.3.2.5 Price Trends Analysis
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2.1.3.3 Japan
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2.1.3.3.1 Production Analysis
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2.1.3.3.2 Consumption Analysis and Market Value
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2.1.3.3.3 Import Market Analysis (Volume & Value)
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2.1.3.3.4 Export Market Analysis (Volume & Value)
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2.1.3.3.5 Price Trends Analysis
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2.1.3.4 Australia
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2.1.3.4.1 Production Analysis
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2.1.3.4.2 Consumption Analysis and Market Value
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2.1.3.4.3 Import Market Analysis (Volume & Value)
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2.1.3.4.4 Export Market Analysis (Volume & Value)
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2.1.3.4.5 Price Trends Analysis
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2.1.4 South America
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2.1.4.1 Chile
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2.1.4.1.1 Production Analysis
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2.1.4.1.2 Consumption Analysis and Market Value
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2.1.4.1.3 Import Market Analysis (Volume & Value)
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2.1.4.1.4 Export Market Analysis (Volume & Value)
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2.1.4.1.5 Price Trends Analysis
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2.1.4.2 Brazil
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2.1.4.2.1 Production Analysis
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2.1.4.2.2 Consumption Analysis and Market Value
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2.1.4.2.3 Import Market Analysis (Volume & Value)
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2.1.4.2.4 Export Market Analysis (Volume & Value)
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2.1.4.2.5 Price Trends Analysis
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2.1.4.3 Argentina
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2.1.4.3.1 Production Analysis
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2.1.4.3.2 Consumption Analysis and Market Value
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2.1.4.3.3 Import Market Analysis (Volume & Value)
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2.1.4.3.4 Export Market Analysis (Volume & Value)
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2.1.4.3.5 Price Trends Analysis
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2.1.5 Middle East & Africa
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2.1.5.1 Turkey
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2.1.5.1.1 Production Analysis
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2.1.5.1.2 Consumption Analysis and Market Value
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2.1.5.1.3 Import Market Analysis (Volume & Value)
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2.1.5.1.4 Export Market Analysis (Volume & Value)
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2.1.5.1.5 Price Trends Analysis
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2.1.5.2 United Arab Emirates
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2.1.5.2.1 Production Analysis
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2.1.5.2.2 Consumption Analysis and Market Value
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2.1.5.2.3 Import Market Analysis (Volume & Value)
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2.1.5.2.4 Export Market Analysis (Volume & Value)
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2.1.5.2.5 Price Trends Analysis
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2.1.5.3 South Africa
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2.1.5.3.1 Production Analysis
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2.1.5.3.2 Consumption Analysis and Market Value
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2.1.5.3.3 Import Market Analysis (Volume & Value)
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2.1.5.3.4 Export Market Analysis (Volume & Value)
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2.1.5.3.5 Price Trends Analysis
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Fresh Cherries Market Size FAQs
What is the current Fresh Cherries Market size?
The Fresh Cherries Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Which is the fastest growing region in Fresh Cherries Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
