Market Size of Chile Fruits and Vegetables Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.50 % |
Chile's Fruits and Vegetables Market Analysis
The Chilean fruits and vegetables market is projected to register a CAGR of 2.5% during the forecast period.
- Strong support from the Chilean government, free-trade agreements with major countries, and minimal tariff access to multiple global markets lend Chile numerous comparative advantages in the fruits and vegetable sector over the long term.
- Chile is responsible for 60.0% of all fruit exports. It is largely driven by investment in the fruit sector due to increased earnings from the export market and high returns from fresh blueberries, grapes, plums, dried apples, and prunes. It is also the second-largest exporter of avocados, cherries, walnuts, and raspberries. Grape is the leading fruit in terms of exports, followed by apples and blueberries.
- The profitability of the industry has significantly reduced in recent years. Long-term governmental policies, positive changes in orchard management practices, and more research funding are required to maintain the viability of the Chilean fruits and vegetable industry. Government policies may aid in producing more fresh fruits and vegetables in the country and help increase the farmers' income.
Chile's Fruits and Vegetables Industry Segmentation
Fruits and vegetables are considered edible parts of plants (e.g., seed-bearing structures, flowers, buds, leaves, stems, shoots, and roots), either cultivated or harvested wild, in their raw state, or a minimally processed form.
The Chilean fruits and vegetables market is segmented by type (fruits and vegetables). The report offers production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis of fruits and vegetables in Chile. The report offers the market size and forecast in terms of volume (metric ton) and value (USD thousand) for the above segments.
| Type (Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) | |
| Vegetables | |
| Fruits |
Chile Fruits and Vegetables Market Size Summary
The Chilean fruits and vegetables market is poised for steady growth, supported by favorable government policies and strategic free-trade agreements that provide minimal tariff access to global markets. This has positioned Chile as a dominant player in the South American fruit export sector, accounting for a significant portion of the region's exports. The country's fruit industry is bolstered by investments driven by lucrative export opportunities, particularly in fresh blueberries, grapes, plums, dried apples, and prunes. Despite the recent decline in industry profitability, ongoing governmental support, improved orchard management practices, and increased research funding are essential to sustaining the sector's viability and enhancing farmers' incomes.
Chile's export landscape is characterized by its leadership in the export of fresh blueberries, grapes, plums, and a strong presence in avocados, cherries, walnuts, and raspberries. The demand for Chilean fruits and vegetables is further fueled by the burgeoning tourism and hospitality sectors, which have seen significant growth, thereby increasing domestic consumption. The rise in the number of restaurants and the high demand for food from tourists have created new market opportunities. Additionally, strategic partnerships and acquisitions within the industry, such as those involving Aerofarms, Hortifrut SA, and Atlantic Blue, highlight the sector's commitment to innovation and expansion, particularly in the cultivation of berries and the exploration of new agricultural technologies.
Chile Fruits and Vegetables 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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2. MARKET SEGMENTATION
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2.1 Type (Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
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2.1.1 Vegetables
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2.1.2 Fruits
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Chile Fruits and Vegetables Market Size FAQs
What is the current Chile Fruits and Vegetables Market size?
The Chile Fruits and Vegetables Market is projected to register a CAGR of 2.5% during the forecast period (2024-2029)
What years does this Chile Fruits and Vegetables Market cover?
The report covers the Chile Fruits and Vegetables Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chile Fruits and Vegetables Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
