Lychee Market Size (2024 - 2029)

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).

China is a major producer and an exporter, accounting for a major market share of lychee exports worldwide. According to the ITC Trade Map, China's total fresh lychee exports were worth USD 53.2 million in 2020. Europe and the United States are the major markets for lychee exports from China. European consumers consider lychee a 'sweet, nutritious' super fruit. Larger volumes of lychee are imported every year. With the rising demand for healthy food in these markets, the export of lychee has considerably increased over the years.

Another major driver for the market's growth is government support. The governments of the major lychee-producing countries greatly support the industry. For instance, in China, since the establishment of the nationwide lychee and longan technology system, efforts have been made to give support to the areas of breeding and varietal improvement, planting techniques, use of agricultural materials, market sales, brand building, grower training, and economic guidance. In India, a new Scheme called “Operation Greens” was announced in the Union Budget 2020 to promote farmer-producer organizations (FPOs), agri-logistics, processing facilities, and professional management. According to the survey report of the Ministry of Agriculture and Farmers Welfare, Government of India, the area under lychee production was estimated at 99,200 ha with a total production of 7,26,000 metric tons and a productivity of 7.5 metric tons/ha (third advance estimate of 2021-2022). In 2020, the Ministry of Food Processing Industries (MoFPI) extended the Operation Greens Scheme from tomato, onion, and potato (TOP) to all fruits and vegetables, including lychee. Furthermore, in 2020, the Indian government issued guidelines 2020 to give a 50% subsidy in a fixed timeframe for storing and transporting fruits and vegetables, including lychee, to prevent post-harvest losses and distress sales by farmers when the prices fall.

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 into 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) and volume (metric tons) for all the above segments.