Market Size of Prunes Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.34 Billion |
Market Size (2029) | USD 1.82 Billion |
CAGR (2024 - 2029) | 6.33 % |
Fastest Growing Market | Europe |
Largest Market | North America |
Prunes Market Analysis
The Prunes Market size is estimated at USD 1.34 billion in 2024, and is expected to reach USD 1.82 billion by 2029, growing at a CAGR of 6.33% during the forecast period (2024-2029).
- Prunes, essentially dried plums, thrive in sub-tropical to temperate climates. Major producers include Chile, the United States, Iran, and Uzbekistan. Data from the International Nuts and Dried Fruit Council reveals that in the 2022-2023 period, prunes represented 6% of the global dried fruit output, totaling 171,660 metric tons. Chile and the United States accounted for 74% of this production.
- Chile and the United States, the leading producers of prunes, also play a significant role as major exporters. Data from the ITC Trade Map reveals that 2023 global prune exports reached 191,954 metric tons, with Chile and the United States accounting for a combined 49% share. The rising export demand can be attributed to the nutritional benefits of prunes and the introduction of innovative prune products catering to vegan diets. Prunes are rich in fiber and potassium, which help maintain bone density. Their long shelf life increases market demand, especially as consumers seek quicker, healthier dietary options.
- Moreover, the primary consumers of prunes include countries like the United States and France. In 2021, global per capita consumption of prunes was recorded at 0.032 kg, translating to a total consumption volume of 191,456 metric tons, as per data from the International Nuts and Dried Fruits Council. A surge in demand for prunes in China has been observed, leading to increased imports from Chile and the United States. ITC Trade Map data indicates that in 2023, China imported 38,990 metric tons of prunes, marking a 69.3% increase from the previous year's 23,031 metric tons.
Prunes Industry Segmentation
Prune is defined as a dried plum of any cultivar, mostly the European plum. Not all plums are suitable for drying into prunes. The term "prune" for fresh plums is no longer used except for varieties grown for drying.
The prunes market is segmented by geography into the United States, Mexico, Brazil, Argentina, Chile, Germany, the United Kingdom, Italy, Russia, France, Poland, Algeria, China, Japan, and Australia. The report includes production (volume), consumption (value and volume), and trade analysis. The report offers market estimation and forecasts in value (USD) and volume (metric tons) for the above segments.
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Prunes Market Size Summary
The prunes market is poised for significant growth, driven by increasing consumer awareness of health benefits and a shift towards healthier dietary choices. Prunes, which are dried plums, are rich in nutrients and antioxidants, making them a popular choice for managing health conditions such as constipation, bone loss, and heart health. The global demand for prunes is bolstered by their low sugar content and high fiber, which do not cause sudden spikes in blood sugar levels. The market is further supported by the rising popularity of vegan diets, which align with the health-conscious trends observed in economically developed nations. The United States, a major producer and consumer, plays a pivotal role in the global prune market, with significant exports to countries like China, Mexico, and the United Kingdom.
The international trade of prunes is characterized by substantial exports from the United States, Chile, and France, with the United States leading in global exports. Chile and France also contribute significantly to the global supply, with Chile exporting a large portion of its production. The market's expansion is facilitated by strategic developments, such as the UC-Davis-Prune Variety Development Program, which aims to reduce drying costs, and trade agreements like the UK's 0% tariff on California prunes. These factors, combined with the growing demand for healthy snacks in schools and among millennials, are expected to drive the prune market's growth trajectory over the forecast period.
Prunes 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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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 United States
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2.1.1.1 Production Analysis
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2.1.1.2 Consumption Analysis and Market Value
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2.1.1.3 Import Market Analysis (Volume and Value)
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2.1.1.4 Export Market Analysis (Volume and Value)
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2.1.1.5 Price Trend Analysis
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2.1.2 Mexico
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2.1.2.1 Production Analysis
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2.1.2.2 Consumption Analysis and Market Value
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2.1.2.3 Import Market Analysis (Volume and Value)
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2.1.2.4 Export Market Analysis (Volume and Value)
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2.1.2.5 Price Trend Analysis
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2.1.3 Brazil
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2.1.3.1 Production Analysis
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2.1.3.2 Consumption Analysis and Market Value
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2.1.3.3 Import Market Analysis (Volume and Value)
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2.1.3.4 Export Market Analysis (Volume and Value)
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2.1.3.5 Price Trend Analysis
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2.1.4 Argentina
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2.1.4.1 Production Analysis
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2.1.4.2 Consumption Analysis and Market Value
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2.1.4.3 Import Market Analysis (Volume and Value)
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2.1.4.4 Export Market Analysis (Volume and Value)
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2.1.4.5 Price Trend Analysis
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2.1.5 Chile
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2.1.5.1 Production Analysis
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2.1.5.2 Consumption Analysis and Market Value
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2.1.5.3 Import Market Analysis (Volume and Value)
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2.1.5.4 Export Market Analysis (Volume and Value)
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2.1.5.5 Price Trend Analysis
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2.1.6 Germany
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2.1.6.1 Production Analysis
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2.1.6.2 Consumption Analysis and Market Value
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2.1.6.3 Import Market Analysis (Volume and Value)
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2.1.6.4 Export Market Analysis (Volume and Value)
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2.1.6.5 Price Trend Analysis
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2.1.7 United Kingdom
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2.1.7.1 Production Analysis
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2.1.7.2 Consumption Analysis and Market Value
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2.1.7.3 Import Market Analysis (Volume and Value)
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2.1.7.4 Export Market Analysis (Volume and Value)
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2.1.7.5 Price Trend Analysis
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2.1.8 Italy
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2.1.8.1 Production Analysis
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2.1.8.2 Consumption Analysis and Market Value
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2.1.8.3 Import Market Analysis (Volume and Value)
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2.1.8.4 Export Market Analysis (Volume and Value)
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2.1.8.5 Price Trend Analysis
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2.1.9 Russia
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2.1.9.1 Production Analysis
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2.1.9.2 Consumption Analysis and Market Value
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2.1.9.3 Import Market Analysis (Volume and Value)
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2.1.9.4 Export Market Analysis (Volume and Value)
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2.1.9.5 Price Trend Analysis
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2.1.10 France
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2.1.10.1 Production Analysis
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2.1.10.2 Consumption Analysis and Market Value
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2.1.10.3 Import Market Analysis (Volume and Value)
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2.1.10.4 Export Market Analysis (Volume and Value)
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2.1.10.5 Price Trend Analysis
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2.1.11 Poland
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2.1.11.1 Production Analysis
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2.1.11.2 Consumption Analysis and Market Value
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2.1.11.3 Import Market Analysis (Volume and Value)
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2.1.11.4 Export Market Analysis (Volume and Value)
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2.1.11.5 Price Trend Analysis
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2.1.12 Uzbekistan
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2.1.12.1 Production Analysis
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2.1.12.2 Consumption Analysis and Market Value
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2.1.12.3 Import Market Analysis (Volume and Value)
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2.1.12.4 Export Market Analysis (Volume and Value)
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2.1.12.5 Price Trend Analysis
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2.1.13 China
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2.1.13.1 Production Analysis
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2.1.13.2 Consumption Analysis and Market Value
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2.1.13.3 Import Market Analysis (Volume and Value)
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2.1.13.4 Export Market Analysis (Volume and Value)
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2.1.13.5 Price Trend Analysis
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2.1.14 Japan
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2.1.14.1 Production Analysis
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2.1.14.2 Consumption Analysis and Market Value
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2.1.14.3 Import Market Analysis (Volume and Value)
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2.1.14.4 Export Market Analysis (Volume and Value)
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2.1.14.5 Price Trend Analysis
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2.1.15 Australia
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2.1.15.1 Production Analysis
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2.1.15.2 Consumption Analysis and Market Value
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2.1.15.3 Import Market Analysis (Volume and Value)
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2.1.15.4 Export Market Analysis (Volume and Value)
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2.1.15.5 Price Trend Analysis
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Prunes Market Size FAQs
How big is the Prunes Market?
The Prunes Market size is expected to reach USD 1.34 billion in 2024 and grow at a CAGR of 6.33% to reach USD 1.82 billion by 2029.
What is the current Prunes Market size?
In 2024, the Prunes Market size is expected to reach USD 1.34 billion.