Market Size of Plums And Sloes Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 19.60 Billion |
| Market Size (2029) | USD 34.30 Billion |
| CAGR (2024 - 2029) | 11.80 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Plums And Sloes Market Analysis
The Plums And Sloes Market size is estimated at USD 19.60 billion in 2024, and is expected to reach USD 34.30 billion by 2029, at a CAGR of 11.80% during the forecast period (2024-2029).
- Plum cultivation spans the globe, with China, the United States, Spain, and Turkey leading in production. Sloe, a dark purple fruit derived from the blackthorn bush, finds itself in a myriad of applications. The global harvested area for plums and sloes is witnessing an upward trend. For instance, data from the FAO indicates that the harvested area for plums grew from 2.56 million hectares in 2021 to 2.59 million hectares in 2022. This expanding harvested area subsequently fuels market expansion.
- Celebrated for their sweetness, plums are not only enjoyed fresh but also find their way into products like jams, juices, and baked goods. Processed forms, particularly dried plums and plum juice, are gaining market traction, primarily due to their recognized health benefits, such as alleviating constipation. Moreover, the global surge in fruit-based beverages, notably juices, is amplifying the demand for plums and sloes. For instance, the British Soft Drinks Association reported that total fruit juice consumption in the UK climbed from 930 million liters in 2020 to 956 million liters in 2021. This escalating juice demand bolsters the market for both plums and sloes.
- Additionally, as production levels rise, they align favourably with the burgeoning demand for fruit juices. FAOSTAT data corroborates this, highlighting a production uptick from 12.2 million metric tons in 2021 to 12.3 million metric tons in 2022. Thus, with the increasing demand for processed foods and the expanding harvested areas for both plums and sloes, the market is poised for growth during the forecast period.
Plums And Sloes Industry Segmentation
Plum is a fruit of the genus Prunus and Sloe or Blackthorn belongs to the rose family Rosaceae whose fruit is consumed. The Plums and Sloes Market is segmented based on geography into North America, Europe, Asia Pacific, South America and Africa and the Middle East covering all the major countries. The report provides an analysis of the production, consumption, export, import and price trends of the commodity, globally. The report offers market size and forecasts in value (USD) and volume (Metric tons) for all the above segments.
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Plums And Sloes Market Size Summary
The plums and sloes market is experiencing significant growth, driven by increasing consumer demand and strategic agricultural practices. The Asia-Pacific region, particularly China, holds a dominant position in the global market, with substantial contributions from areas like Yongtai and Guangdong. The cultivation of "Hei Bulin" plums is gaining popularity, supported by government initiatives aimed at enhancing the domestic value chain and standardizing industry practices. This focus on quality and production standards is expected to further boost the market in China. Meanwhile, Europe is witnessing rapid growth in the fresh plums and sloes sector, with consumers showing a preference for sweeter varieties and new hybrids, which is enhancing overall consumption in the region.
Globally, the Asia-Pacific region commands the largest market share, with China leading the charge, followed by Hong Kong. The production of plums and sloes in protected conditions, such as greenhouses, has contributed to increased yield and value, with prices significantly higher than conventionally grown varieties. In Europe, the demand for plums with higher sugar content is rising, and new varieties like the Pluot are gaining popularity, particularly in France and Chile. However, seasonal demand fluctuations pose challenges to consistent consumption levels. Despite these challenges, the market is poised for continued expansion, supported by strategic agricultural developments and evolving consumer preferences.
Plums And Sloes 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 Rising Popularity of Plums and Sloes in the Beverage Sector
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1.2.2 Increasing Export Potential for Plums and Sloes
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1.2.3 Expanding Cultivation Areas
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1.3 Market Restraints
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1.3.1 Limited Shelf Life of Plums and Sloes
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1.3.2 High Prices compared to Other Fruits
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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
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2.1.1.1.3 Import Market Analysis (Value & Volume)
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2.1.1.1.4 Export Market Analysis (Value & Volume)
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2.1.1.1.5 Price Trend 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
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2.1.1.2.3 Import Market Analysis (Value & Volume)
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2.1.1.2.4 Export Market Analysis (Value & Volume)
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2.1.1.2.5 Price Trend Analysis
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2.1.2 Europe
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2.1.2.1 Romania
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2.1.2.1.1 Production Analysis
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2.1.2.1.2 Consumption Analysis
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2.1.2.1.3 Import Market Analysis (Value & Volume)
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2.1.2.1.4 Export Market Analysis (Value & Volume)
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2.1.2.1.5 Price Trend Analysis
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2.1.2.2 Serbia
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2.1.2.2.1 Production Analysis
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2.1.2.2.2 Consumption Analysis
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2.1.2.2.3 Import Market Analysis (Value & Volume)
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2.1.2.2.4 Export Market Analysis (Value & Volume)
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2.1.2.2.5 Price Trend Analysis
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2.1.2.3 Italy
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2.1.2.3.1 Production Analysis
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2.1.2.3.2 Consumption Analysis
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2.1.2.3.3 Import Market Analysis (Value & Volume)
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2.1.2.3.4 Export Market Analysis (Value & Volume)
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2.1.2.3.5 Price Trend Analysis
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2.1.2.4 France
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2.1.2.4.1 Production Analysis
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2.1.2.4.2 Consumption Analysis
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2.1.2.4.3 Import Market Analysis (Value & Volume)
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2.1.2.4.4 Export Market Analysis (Value & Volume)
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2.1.2.4.5 Price Trend 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
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2.1.2.5.3 Import Market Analysis (Value & Volume)
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2.1.2.5.4 Export Market Analysis (Value & Volume)
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2.1.2.5.5 Price Trend Analysis
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2.1.2.6 Spain
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2.1.2.6.1 Production Analysis
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2.1.2.6.2 Consumption Analysis
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2.1.2.6.3 Import Market Analysis (Value & Volume)
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2.1.2.6.4 Export Market Analysis (Value & Volume)
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2.1.2.6.5 Price Trend 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
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2.1.3.1.3 Import Market Analysis (Value & Volume)
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2.1.3.1.4 Export Market Analysis (Value & Volume)
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2.1.3.1.5 Price Trend Analysis
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2.1.3.2 Hong Kong, China
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2.1.3.2.1 Production Analysis
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2.1.3.2.2 Consumption Analysis
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2.1.3.2.3 Import Market Analysis (Value & Volume)
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2.1.3.2.4 Export Market Analysis (Value & Volume)
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2.1.3.2.5 Price Trend Analysis
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2.1.3.3 India
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2.1.3.3.1 Production Analysis
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2.1.3.3.2 Consumption Analysis
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2.1.3.3.3 Import Market Analysis (Value & Volume)
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2.1.3.3.4 Export Market Analysis (Value & Volume)
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2.1.3.3.5 Price Trend 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
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2.1.3.4.3 Import Market Analysis (Value & Volume)
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2.1.3.4.4 Export Market Analysis (Value & Volume)
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2.1.3.4.5 Price Trend 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
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2.1.4.1.3 Import Market Analysis (Value & Volume)
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2.1.4.1.4 Export Market Analysis (Value & Volume)
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2.1.4.1.5 Price Trend Analysis
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2.1.4.2 Argentina
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2.1.4.2.1 Production Analysis
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2.1.4.2.2 Consumption Analysis
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2.1.4.2.3 Import Market Analysis (Value & Volume)
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2.1.4.2.4 Export Market Analysis (Value & Volume)
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2.1.4.2.5 Price Trend Analysis
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2.1.5 Africa and Middle East
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2.1.5.1 Morocco
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2.1.5.1.1 Production Analysis
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2.1.5.1.2 Consumption Analysis
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2.1.5.1.3 Import Market Analysis (Value & Volume)
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2.1.5.1.4 Export Market Analysis (Value & Volume)
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2.1.5.1.5 Price Trend Analysis
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2.1.5.2 South Africa
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2.1.5.2.1 Production Analysis
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2.1.5.2.2 Consumption Analysis
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2.1.5.2.3 Import Market Analysis (Value & Volume)
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2.1.5.2.4 Export Market Analysis (Value & Volume)
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2.1.5.2.5 Price Trend Analysis
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Plums And Sloes Market Size FAQs
How big is the Plums And Sloes Market?
The Plums And Sloes Market size is expected to reach USD 19.60 billion in 2024 and grow at a CAGR of 11.80% to reach USD 34.30 billion by 2029.
What is the current Plums And Sloes Market size?
In 2024, the Plums And Sloes Market size is expected to reach USD 19.60 billion.
