Fresh Cherries Market | Latest Report Highlights & Growth

Fresh Cherries Market Overview

Fresh Cherries Market Size Was Valued at USD 63.61 Billion In 2023 And Is Projected to Reach USD 125.55 Billion By 2032, Growing at A CAGR of 7.85% From 2024 To 2032.

• The global fresh cherries market is poised for significant growth in the coming years, driven by increasing health consciousness, urbanization, and rising disposable incomes. Cherries are celebrated for their exceptional nutritional profile, being rich in antioxidants, vitamin C, polyphenols, and anti-inflammatory compounds. These properties make them a preferred choice for health-conscious consumers, as cherries are known to support heart health, relieve arthritis and gout symptoms, promote better sleep, and protect brain cells. Their benefits extend to enhancing memory, reducing the risk of type 2 diabetes, and strengthening the immune system, making cherries a sought-after superfood. The growing demand for fresh, organic, and natural products has spurred the production and consumption of cherries, making them an increasingly popular snack and dietary staple worldwide.
• The market expansion is further fueled by the rising purchasing power in developed regions like the U.S. and Canada, as well as emerging economies in the Asia-Pacific. With higher disposable incomes, consumers are spending more on fresh produce, including cherries. Manufacturers are responding to this demand by increasing production to ensure year-round availability of various cherry varieties, making it easier for consumers to incorporate them into daily diets. In addition, the versatility of cherries as an ingredient in processed foods and beverages further drives their market growth. With their remarkable health benefits, convenience as a snack option, and growing global popularity, fresh cherries are expected to maintain their upward trajectory in the global market.

Market Dynamics And Factors For Fresh Cherries Market

Drivers:

The Popularity of Urban Farming is on the Rise

• The Popularity of Urban Farming is the main trend in the worldwide fresh cherries market. The increasing trend of urban farming in the US, the UK, South Korea, and various other nations is anticipated to elevate the worldwide need for fresh cherries throughout the forecast period. The limited availability of land for growing crops has led to a rise in urban farming techniques. Urban agriculture emphasizes community areas like school farms and parking lots for cultivation. Due to the increasing need for fruits and vegetables for personal use, such as fresh cherries, rooftop farming is mainly pursued by families living in apartments.
• The FAO states that urban garden spaces can produce up to 15 times the output of rural farms. Urban farms need less transportation and refrigeration infrastructure due to their closeness to local markets. The costs for transportation and refrigeration linked to producing fresh cherries are quite high. City agriculture might assist in lowering these expenses. It is beneficial for enhancing productivity. In general, urban agriculture could lead to greater consumer involvement and stimulate the growth of the fresh cherries market.

Restraints:

• Cherries are in high demand on the market right now. The risk of rotting and pitting, which reduces the quality of cherries, inhibits the market's expansion. This can be handled by applying innovative technologies to improve cherry packaging so that they do not rot during shipment. Weather changes could also stymie cherry production, causing the sourcing process to be disrupted.

Opportunities:

Sustainability and Organic Farming

• The demand for organic and sustainably grown produce has been on the rise, with more consumers seeking products that align with their values of health and environmental consciousness. This trend presents a significant market opportunity for cherry farmers who adopt organic farming practices. By moving away from synthetic pesticides and fertilizers, producers can offer pesticide-free cherries, appealing to a growing base of health-conscious consumers. Organic certification meets consumer demand & also allows producers to command premium prices, boosting profitability while contributing to a cleaner, healthier food system.
• In addition to organic farming, implementing sustainable practices can further enhance a cherry farm’s appeal. Eco-conscious consumers are increasingly attracted to brands that prioritize water conservation, eco-friendly packaging, and reduce food waste. Cherry producers who embrace these practices can tap into the expanding market of environmentally aware buyers. Whether it’s using biodegradable packaging or minimizing their carbon footprint, sustainability becomes a powerful selling point. This holistic approach to farming and packaging positions cherry producers to meet the needs of the modern consumer, who is looking for fresh and healthy produce & also values the impact their choices have on the planet.

Segmentation Analysis of Fresh Cherries Market

• By Type, in comparison to sour cherries, sweet cherries have a much higher need. As a result, it is expected to dominate the fresh cherries market over the forecast period. Sweet cherries are abundant in vitamin C and fiber, both of which help to lower the risk of cancer in the future. Sweet cherries are frequently available for immediate consumption in supermarkets. In the near years, the subdivision is predicted to control more than 60% of the market, and it will continue to be dominant in the coming years.
• By Nature, the organic segment is expected to hold a significant fresh cherries market share over the forecast period. An overall jump in demand for organic fresh cherries has been attributed to a growing predisposition toward health consciousness, rising awareness for organic-based food products, and a surge in the adoption of fresh beverages such as smoothies. Cherries are also organic, high-nutrient foods that can be used to address a wide range of nutritional needs. Because of its wide range of applications, it has caught the interest of many people over the years. A large number of enterprises, the majority of which are based in China, produce this natural product. However, the future of this industry is bright, as the growing global sharing of eating patterns and commodities will drive up demand for this organic product.
• By Application, the bakery product segment is anticipated to register the maximum fresh cherries market share over the forecast period. Because of client demand, the bakery market is gradually minimizing the use of preservatives and beginning to utilize more and fresher products. In addition, in developing nations like China and India, there has been a significant increase in the demand for fresh cherries in baked goods. Due to the development of agricultural technologies and the growing use of healthy beverage goods in the region, China is the largest producer of fruit products.
• By Distribution Channel, the fresh cherry market is divided into modern trade, grocery stores, convenience stores, online channels, and others, including direct sales. Fresh cherries are primarily sold at convenience stores and traditional grocery stores, and this trend is expected to continue in the foreseeable future. In this market for fresh cherries, direct selling and online platforms are also gaining traction. Many people are aware of the e-commerce website, and this channel provides them with a variety of options.

Regional Analysis of Fresh Cherries Market

• The Asia Pacific will lead the global fresh cherries market during the forecast period. In 2020, Asia Pacific had the greatest market share. Because of the rapid growth of industrialization and increased demand for fresh cherries in bakery goods in developing nations like China and India. Due to the development of agricultural technologies and the growing use of healthy beverage goods in the region, China is the largest producer of fruit products. Cherries are a popular daily fresh fruit in China, with substantial imports from Chile, owing to a zero-policy free trade deal struck in 2017 and ample ripening time in Chile between November and January, when China celebrates its Spring Festival. As a result of the trade war, China's import base has expanded to a few new markets to fulfill the ever-growing domestic demand, such as Kyrgyzstan, Uzbekistan, and Tajikistan, which supply good quality cherries farmed with fewer pesticides. In addition, the Asia Pacific market is predicted to develop due to rapid growth and changing consumer preferences for food and beverages.
• North America and Europe will also experience strong market growth shortly. Because of the high demand for fresh cherries in countries throughout the region, such as the United States and Canada.
• The countries of Latin America provide a plethora of expansion potential for the major players. Latin American markets are also predicted to increase the most, with Brazil and Mexico producing the majority of the world's cherries.
• Due to increased knowledge of the harmful effects of preservatives, users all over the world choose fresh vegetables and fruits. The Middle East and Africa are some of the primary emerging regions that will generate significant potential in the market during the forecast period. Due to the aforementioned causes, the region is predicted to grow at a moderate pace during the projection period. In the Middle East and Africa, Turkey is seen as a major market.

Players Covered in Fresh Cherries Market are

• Hood River Cherry Co.
• Rainier Fruit Co.
• SICA SAS SICODIS
• CherryHill Orchards
• The Global Green Co. Ltd.
• Alara Agri
• Perfecta Produce
• Reid Fruits
• Leelanau Fruit Co.
• Northstar Organics
• Vitin Fruits
• Diva Agro Ltd
• Smelterz Orchard Co.
• Alacam Tarim
• Dell's Marachino Cherries and other major players.

Key Industry Developments In Fresh Cherries Market

• In January 2024, Melissa’s Produce, one of the leading distributors of speciality and organic fresh produce and related products, launched Tasmanian cherries.
• In March 2023, FirstFruits Marketing, LLC., a U.S.-based fruit company, constructed an advanced cherry production line in Prescott, WA. The new production line included the most advanced technology, which offers total automation and the availability of fruit of the highest quality.