Global Cherry Market is valued approximately at USD 60.6 billion in 2022 and is anticipated to grow with a compounded annual growth rate of more than 8.5% over the forecast period 2023-2030. the market growth is driven by key factors such as increasing global demand and growing awareness of health benefits of cherry. According to Statista in 2023, the global cherry production accounts to approximately 2.63 million metric tons in 2020 and 2.73 million metric tons in 2021 respectively. According to Agricultural Marketing Resource Centre (AGMRC) in 2021, fresh sweet cherry production in the United States were recorded to be 305,720 tons with a total value of USD 820.1 million. Washington state was the leading producer of sweet cherries in the country, yielding 443,640 tons, followed by California with 317,736 tons, and Oregon with 58,765 tons. According to Statista in 2022, With a production of approximately 874 thousand metric tons, Turkey emerged as the largest global producer of cherries. Following closely, the European Union ranked as the second-leading producer, generating nearly 670 thousand metric tons. However, limited shelf-life and production challenges such as poor weather condition may hamper the growth of the Global Cherry Market. Moreover, emerging distribution channel and utilization of cherry in various products such as bakery products, cosmetics and many more expected to be the growth drivers for this market.
The key regions considered for the Global Cherry Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The market in the Asia Pacific region holds a dominant position due to the widespread and growing utilization of cherry and its various products, including cosmetics, bakery items, and more. Additionally, the region's rapidly expanding population further drives the demand for cherry and its related products, leading to continuous growth in the market. North America anticipated to be the fastest growing region because of the rising demand of fresh cherries and increasing awareness of health benefits in the region.
Major market player included in this report are:
- Diva Agro Ltd.
- SICA SAS SICODIS
- CherryHill Orchards
- Leelanau Fruit Company
- Hood River Cherry Co.
- Smelterz Orchards Co.
- The Global Green Co. Ltd.
- Rainier Fruit Co.
- Northstar Organics
- ALCAM TARIM
Recent Developments in the Market:
- In December 2022, Rainier Fruit achieved a significant milestone by obtaining EFI Certification, marking a major accomplishment for the company. Equitable Food Initiative (EFI) certification stands out as a particularly noteworthy achievement for Rainier Fruit.
- In October 2021, the United States Department of Agriculture (USDA) released a report stating that imports of Chilean cherries to the United States for the 2020-21 season reached approximately 6,800 metric tons. Although China has traditionally been the primary destination for Chilean cherries, efforts are underway in the industry to explore and develop other markets, including the United States.
Global Cherry Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Nature, Application, Distribution Channel, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
By Nature:
By Application:
- Direct Consumption
- Bakery
- Tarts
- Jams
- Jellies
- Ice Cream
- Salads
- Dairy Beverages
- Alcoholic Beverages
- Other
By Distribution Channel
- Modern trade
- Traditional Grocery Stores
- Convenience Stores
- Online Channels
- Other Retail Formats
- Direct Sales
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Cherry Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Cherry Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Cherry Market, by Nature, 2020-2030 (USD Billion)
- 1.2.4. Cherry Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. Cherry Market, by Distribution Channel, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cherry Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cherry Market Dynamics
- 3.1. Cherry Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Global Demand
- 3.1.1.2. Growing Awareness of Health Benefits of Cherry
- 3.1.2. Market Challenges
- 3.1.2.1. Limited Shelf-Life
- 3.1.2.2. Production Challenges
- 3.1.3. Market Opportunities
- 3.1.3.1. Emerging Distribution Channel
- 3.1.3.2. Utilization of Cherry in Various Products
Chapter 4. Global Cherry Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Cherry Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Cherry Market by Type, Performance - Potential Analysis
- 5.3. Global Cherry Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Cherry Market, Sub Segment Analysis
- 5.4.1. Sour Cherry
- 5.4.2. Sweet Cherry
Chapter 6. Global Cherry Market, by Nature
- 6.5. Market Snapshot
- 6.6. Global Cherry Market by Nature, Performance - Potential Analysis
- 6.7. Global Cherry Market Estimates & Forecasts by Nature 2020-2030 (USD Billion)
- 6.8. Cherry Market, Sub Segment Analysis
- 6.8.1. Organic
- 6.8.2. Conventional
Chapter 7. Global Cherry Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Cherry Market by Application, Performance - Potential Analysis
- 7.3. Global Cherry Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Cherry Market, Sub Segment Analysis
- 7.4.1. Direct Consumption
- 7.4.2. Bakery
- 7.4.3. Tarts
- 7.4.4. Jams
- 7.4.5. Jellies
- 7.4.6. Ice Cream
- 7.4.7. Salads
- 7.4.8. Dairy Beverages
- 7.4.9. Alcoholic Beverages
- 7.4.10. Other
Chapter 8. Global Cherry Market, by Distribution Channel
- 8.5. Market Snapshot
- 8.6. Global Cherry Market by Distribution Channel, Performance - Potential Analysis
- 8.7. Global Cherry Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
- 8.8. Cherry Market, Sub Segment Analysis
- 8.8.1. Modern trade
- 8.8.2. Traditional Grocery Stores
- 8.8.3. Convenience Stores
- 8.8.4. Online Channels
- 8.8.5. Other Retail Formats
- 8.8.6. Direct Sales
Chapter 9. Global Cherry Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Cherry Market, Regional Market Snapshot
- 9.4. North America Cherry Market
- 9.4.1. U.S. Cherry Market
- 9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Nature breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Cherry Market
- 9.5. Europe Cherry Market Snapshot
- 9.5.1. U.K. Cherry Market
- 9.5.2. Germany Cherry Market
- 9.5.3. France Cherry Market
- 9.5.4. Spain Cherry Market
- 9.5.5. Italy Cherry Market
- 9.5.6. Rest of Europe Cherry Market
- 9.6. Asia-Pacific Cherry Market Snapshot
- 9.6.1. China Cherry Market
- 9.6.2. India Cherry Market
- 9.6.3. Japan Cherry Market
- 9.6.4. Australia Cherry Market
- 9.6.5. South Korea Cherry Market
- 9.6.6. Rest of Asia Pacific Cherry Market
- 9.7. Latin America Cherry Market Snapshot
- 9.7.1. Brazil Cherry Market
- 9.7.2. Mexico Cherry Market
- 9.8. Middle East & Africa Cherry Market
- 9.8.1. Saudi Arabia Cherry Market
- 9.8.2. South Africa Cherry Market
- 9.8.3. Rest of Middle East & Africa Cherry Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Diva Agro Ltd.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. SICA SAS SICODIS
- 10.3.3. CherryHill Orchards
- 10.3.4. Leelanau Fruit Company
- 10.3.5. Hood River Cherry Co.
- 10.3.6. Smelterz Orchards Co.
- 10.3.7. The Global Green Co. Ltd.
- 10.3.8. Rainier Fruit Co.
- 10.3.9. Northstar Organics
- 10.3.10. ALCAM TARIM
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption