Market Size of Fresh Cherries Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 61.34 Billion |
| Market Size (2029) | USD 8.16 Billion |
| CAGR (2024 - 2029) | 5.20 % |
Fresh Cherries Market Analysis
The Fresh Cherries Market size is estimated at USD 61.34 billion in 2024, and is expected to reach USD 8.16 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).
Cherry, a non-climacteric stone fruit from the genus Prunus, thrives predominantly in temperate climates. Renowned for its flavor, sweetness, vibrant color, and nutritional benefits, cherries are primarily enjoyed fresh. However, they can also be dried, pickled, or transformed into products like jam, marmalade, fruit juice, and canned goods. Globally, several cherry species are cultivated, including the sweet cherry (Prunus avium) and the sour or tart cherry (Prunus cerasus).
According to the Food and Agriculture Organization (FAO), Turkey is the primary producer of fresh cherries, with a production of 656,041 metric tons in 2022. This was followed by Chile, Uzbekistan, the United States, and Spain, with production volumes of 443,067 metric tons, 216,867 metric tons, 210,190 metric tons, and 116,070 metric tons, respectively, during the same year.
Demand for imported cherries, particularly the larger and sweeter varieties like "Cherry Grand" and "Cherry Treat," has surged. This shift is largely due to a preference for fresh sweet cherries over the traditionally favored soft and sour varieties, which are more susceptible to weather changes and storage issues. As health consciousness rises and fresh beverages like smoothies gain popularity, the demand for fresh cherries is increasing. Furthermore, cherries play a pivotal role in diabetes management. The consumption aids in maintaining balanced blood sugar levels, making them a safe choice for people with diabetes despite their sugar content. The American Diabetes Association (ADA) advocates for cherries in a low glycemic index (GI) diet. Low-GI foods, like cherries, release glucose into the bloodstream gradually, helping stabilize sugar levels. The benefits of cherries for those with diabetes are underscored by their low fat content and high fiber and vitamin C levels, all of which are endorsed by both the ADA and the Centers for Disease Control and Prevention (CDC). The rising consumption is directly linked to the increased cultivation of premium-quality and innovative cherry varieties, propelling the market’s growth.
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 (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers production analysis (volume), consumption analysis (value and volume), import analysis (value and volume), export analysis (value and volume), and price trend analysis. The report offers market size and forecasts in terms of value (USD) and volume (metric tons) 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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1.2.1 Growing Trends Towards Healthy Diet
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1.2.2 Supportive Government Initiatives
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1.2.3 Multipurpose Use of Cherries
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1.3 Market Restraints
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1.3.1 Rising Infestation of Insects and Diseases
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1.3.2 Price Volatility
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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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 (Volume & 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 and 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 (Volume & 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 (Volume & 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 (Volume & 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
How big is the Fresh Cherries Market?
The Fresh Cherries Market size is expected to reach USD 61.34 billion in 2024 and grow at a CAGR of 5.20% to reach USD 8.16 billion by 2029.
What is the current Fresh Cherries Market size?
In 2024, the Fresh Cherries Market size is expected to reach USD 61.34 billion.
