Market Size of Lychee Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 7.10 Billion |
| Market Size (2029) | USD 9.27 Billion |
| CAGR (2024 - 2029) | 5.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Lychee Market Analysis
The Lychee Market size is estimated at USD 7.10 billion in 2024, and is expected to reach USD 9.27 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).
- The market for lychee is growing because people in emerging and developing countries around the world want more fresh food.Favorable government initiatives and rising trade from the significant producers drive the market's growth. The need for products like jam, juice concentrates, canned lychee, dried lychee, etc. is also increasing. At the end of 2019, Vietnam entered an agreement with lychee farmers to export lychees to Japan.
- China is a major producer and exporter of lychees, with a large share of the world market for lychee exports.According to the ITC Trade Map, the total fresh lychee export from China was worth USD 63.6.2 million in 2021. Neighboring Asian countries and the United States are China's major markets for lychee exports. European consumers consider lychee a 'sweet, nutritious' super fruit, which also drives the large volume of lychee exports to countries like the Netherlands and the United Kingdom.
- The export of lychee has considerably increased over the years, mainly because of the increasing demand for healthy food in these markets. According to data from the General Administration of Customs of China (GACC), Guangdong province exported 5,902.1 metric tons of lychee in 2020, showing an increase of 72.3% in comparison to 2019.
- Lychee production is mostly in the Asia-Pacific region. China, Vietnam, India, Taiwan, and other Southeast Asian countries are the main countries that make lychees. Lychee from Madagascar occupies a strong position in the European market. Hence, the rising demand and favorable government support are expected to significantly boost market growth in the coming years.
Lychee Industry Segmentation
Lychee is the sole member of the genus Litchi in the soapberry family, Sapindaceae, grown for its edible fruit. For analysis, only fresh produce is considered, and any form of processed produce is excluded from the scope. The lychee market is segmented by geography (North America, Europe, Asia-Pacific, and Africa). The report provides an analysis of production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis. The report offers the market size and forecasts for value (USD million) and volume (metric ton) for all the above segments.
| North America | |
| United States | |
| Canada |
| Europe | |
| United Kingdom | |
| France | |
| Germany | |
| Spain | |
| Netherlands |
| Asia-Pacific | |
| China | |
| India | |
| Thailand | |
| Vietnam |
| Africa | |
| South Africa | |
| Madagascar |
Lychee Market Size Summary
The lychee market is experiencing significant growth, driven by increasing consumer demand for fresh and healthy foods, particularly in emerging and developing countries. This demand is further bolstered by favorable government initiatives and expanding trade from major producing countries. The market is seeing a rise in the popularity of lychee-based products such as jams, juice concentrates, and dried lychee. China stands out as a leading producer and exporter, with substantial exports to neighboring Asian countries and the United States, while European consumers are increasingly recognizing lychee as a nutritious super fruit. The Asia-Pacific region, particularly China, Vietnam, and India, remains the primary hub for lychee production, with Madagascar also holding a strong position in the European market. The growing awareness of health benefits and the fruit's unique taste are contributing to its rising popularity, especially in Europe and North America.
The lychee market is further supported by its expanding applications in various industries, including cosmetics, fragrances, and the HORECA sector in the United States. The fruit's presence in Canadian supermarkets is also on the rise, with imports from neighboring and Asian countries. Initiatives in India, such as the Unnati Litchi program, aim to enhance the agri-value chain and boost exports, reflecting the country's commitment to increasing lychee production and value realization for farmers. The market's growth is expected to continue, driven by increasing domestic consumption and international exports. The development of hybrid varieties and international trade promotions are also anticipated to play a crucial role in the market's expansion over the forecast period.
Lychee 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 (Production Analysis, Consumption Analysis, Import Market Analysis by Value and Volume, Export Market Analysis by Value and Volume, and Price Trend Analysis)
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2.1 North America
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2.1.1 United States
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2.1.2 Canada
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2.2 Europe
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2.2.1 United Kingdom
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2.2.2 France
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2.2.3 Germany
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2.2.4 Spain
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2.2.5 Netherlands
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2.3 Asia-Pacific
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2.3.1 China
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2.3.2 India
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2.3.3 Thailand
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2.3.4 Vietnam
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2.4 Africa
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2.4.1 South Africa
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2.4.2 Madagascar
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Lychee Market Size FAQs
How big is the Lychee Market?
The Lychee Market size is expected to reach USD 7.10 billion in 2024 and grow at a CAGR of 5.5% to reach USD 9.27 billion by 2029.
What is the current Lychee Market size?
In 2024, the Lychee Market size is expected to reach USD 7.10 billion.
