Fresh Cherries Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Fresh Cherries Market report offers an encompassing analysis of production, consumption, import, export, value chain, market drivers, and forecast to 2025. The report has been segmented into geography covering major countries indulged in the production, consumption, and trade of fresh cherries across the world.

Market Snapshot

Market Snapshot
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 5.2 %

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Market Overview

The Global Fresh Cherries market is estimated to grow at a CAGR of 5.2%, during the forecast period (2020-2025).

An increase in the demand for imported cherries, that are larger and sweeter in taste, such as "cheery grand" and "cheery treat", can be attributed to the major shift in demand for fresh sweet cherries from soft and sour varieties, that are prone to weather fluctuations and storage conditions. A growing inclination towards health consciousness, followed by a surge in the uptake of fresh beverages such as smoothies, has led to an overall spike in demand for fresh cherries. This can further be corroborated to the rise in the average price of cherries by almost 40% in Spain in 2019, which is solely attributed to the increase in the cultivation of premium-quality sweet cherries and innovative varieties.

Asia was the fastest-growing market for cherries in 2019, with China and Hong Kong (SAR) contributing the largest share in the overall market, primarily aided by increased consumption of fresh sweet varieties, besides a limited domestic production. China and Hong Kong SAR imported fresh cherries valued at USD 1,398.7 million and USD 989.9 million, in 2019, respectively.

Scope of the Report

Fresh cherries, excluding sour cherries, with the HS code 080929, have been considered for the purpose of the study, based on the revision of the HS code for fresh cherries by the ITC Trademap database in 2019. The scope of the report extends to the analysis of production, consumption, import, and export of fresh cherries in some of the major countries across five regions, globally. The review period considered for the study is 2016-2019 and the forecast period is 2020-2025.

Geography
North America
United States
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Canada
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Europe
Spain
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Italy
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Germany
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
United Kingdom
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Russia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Asia-Pacific
China
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
India
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Japan
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Australia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
South America
Chile
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Brazil
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Argentina
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
Middle East & Africa
Turkey
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
United Arab Emirates
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis
South Africa
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume & Value)
Export Market Analysis (Volume & Value)
Price Trends Analysis

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Key Market Trends

Increasing Demand for Imported Sweet Cherries

Currently, the fresh cherries market is dominated by an upsurge in the demand for regional imported varieties, primarily originating in Turkey and the United States, in the major importing and consuming countries, such as Europe and China. This has further bolstered the growth in production in Turkey, which reached 639,564.0 metric ton in 2018 from 599,650,0 metric ton in 2016, primarily due to increased investments and a steadily rising area under cultivation as a result of the high export demand. The number of cherry trees in the country reached 34.5 million in 2017, which rose by 35% in the last five years. Furthermore, China's recent protocol adopted in June 2019, which removes the requirement for cherries to be held in cold storage for 16 days before shipment, is expected to augment the growth of the fresh and flavorful cherries in Turkey. Moreover, the rapid adoption of new improved cherry varieties in the United States, like "cheery grand" and "cherry treat", that are larger and sweeter than the conventional "chelan" variety, has witnessed an increased demand from its neighboring countries as well as Asia, including China, Hong Kong, and Japan.

Global Fresh Cherries Market - Import Value in USD million, Global, 2016-2019

Asia-Pacific - The Fastest Growing Market

Asia-Pacific was the fastest-growing market in 2019, with Chian and Hing Kong SAR accounting for the major portion of the overall market for fresh cherries, with a total import volume of 193,549.0 metric tons and 188,663.0 metric ton, respectively. Cherries are an important daily fresh fruit in China, with major imports from Chile, primarily due to the zero-policy free trade agreement signed between the two countries in 2017 and adequate ripening time in Chile between November and January, when China celebrates its Spring Festival. Due to import tariffs as high as 70% when imported from the United States, as a result of the trade war, the import base for China has now expanded to a few new markets in order to support the ever-growing domestic demand, such as Kyrgyzstan, Uzbekistan, and Tajikistan, that supply good quality cherries produced with fewer pesticides. With the rise in middle-income households and affluent consumers, especially in cities like Shanghai, Beijing, and Guangzhou. According to a report by the United States Department of Agriculture (USDA), Hong Kong has witnessed a surge in the demand for regional varieties that reflect a premium-quality image. For instance, Tasmanian cherries, that cost between USD 50 and 100 during the New Year, are in high demand despite the sky-rocketed prices. All these factors are further expected to drive the fresh cherries market in Asia, durign the forecast period.

Global Fresh Cherries Market - Import Volume in metric ton, China, 2017-2019

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

          1. 5.1.1.1.1 Production Analysis

          2. 5.1.1.1.2 Consumption Analysis and Market Value

          3. 5.1.1.1.3 Import Market Analysis (Volume & Value)

          4. 5.1.1.1.4 Export Market Analysis (Volume & Value)

          5. 5.1.1.1.5 Price Trends Analysis

        2. 5.1.1.2 Canada

          1. 5.1.1.2.1 Production Analysis

          2. 5.1.1.2.2 Consumption Analysis and Market Value

          3. 5.1.1.2.3 Import Market Analysis (Volume & Value)

          4. 5.1.1.2.4 Export Market Analysis (Volume & Value)

          5. 5.1.1.2.5 Price Trends Analysis

      2. 5.1.2 Europe

        1. 5.1.2.1 Spain

          1. 5.1.2.1.1 Production Analysis

          2. 5.1.2.1.2 Consumption Analysis and Market Value

          3. 5.1.2.1.3 Import Market Analysis (Volume & Value)

          4. 5.1.2.1.4 Export Market Analysis (Volume & Value)

          5. 5.1.2.1.5 Price Trends Analysis

        2. 5.1.2.2 Italy

          1. 5.1.2.2.1 Production Analysis

          2. 5.1.2.2.2 Consumption Analysis and Market Value

          3. 5.1.2.2.3 Import Market Analysis (Volume & Value)

          4. 5.1.2.2.4 Export Market Analysis (Volume & Value)

          5. 5.1.2.2.5 Price Trends Analysis

        3. 5.1.2.3 Germany

          1. 5.1.2.3.1 Production Analysis

          2. 5.1.2.3.2 Consumption Analysis and Market Value

          3. 5.1.2.3.3 Import Market Analysis (Volume & Value)

          4. 5.1.2.3.4 Export Market Analysis (Volume & Value)

          5. 5.1.2.3.5 Price Trends Analysis

        4. 5.1.2.4 United Kingdom

          1. 5.1.2.4.1 Production Analysis

          2. 5.1.2.4.2 Consumption Analysis and Market Value

          3. 5.1.2.4.3 Import Market Analysis (Volume & Value)

          4. 5.1.2.4.4 Export Market Analysis (Volume & Value)

          5. 5.1.2.4.5 Price Trends Analysis

        5. 5.1.2.5 Russia

          1. 5.1.2.5.1 Production Analysis

          2. 5.1.2.5.2 Consumption Analysis and Market Value

          3. 5.1.2.5.3 Import Market Analysis (Volume & Value)

          4. 5.1.2.5.4 Export Market Analysis (Volume & Value)

          5. 5.1.2.5.5 Price Trends Analysis

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

          1. 5.1.3.1.1 Production Analysis

          2. 5.1.3.1.2 Consumption Analysis and Market Value

          3. 5.1.3.1.3 Import Market Analysis (Volume & Value)

          4. 5.1.3.1.4 Export Market Analysis (Volume & Value)

          5. 5.1.3.1.5 Price Trends Analysis

        2. 5.1.3.2 India

          1. 5.1.3.2.1 Production Analysis

          2. 5.1.3.2.2 Consumption Analysis and Market Value

          3. 5.1.3.2.3 Import Market Analysis (Volume & Value)

          4. 5.1.3.2.4 Export Market Analysis (Volume & Value)

          5. 5.1.3.2.5 Price Trends Analysis

        3. 5.1.3.3 Japan

          1. 5.1.3.3.1 Production Analysis

          2. 5.1.3.3.2 Consumption Analysis and Market Value

          3. 5.1.3.3.3 Import Market Analysis (Volume & Value)

          4. 5.1.3.3.4 Export Market Analysis (Volume & Value)

          5. 5.1.3.3.5 Price Trends Analysis

        4. 5.1.3.4 Australia

          1. 5.1.3.4.1 Production Analysis

          2. 5.1.3.4.2 Consumption Analysis and Market Value

          3. 5.1.3.4.3 Import Market Analysis (Volume & Value)

          4. 5.1.3.4.4 Export Market Analysis (Volume & Value)

          5. 5.1.3.4.5 Price Trends Analysis

      4. 5.1.4 South America

        1. 5.1.4.1 Chile

          1. 5.1.4.1.1 Production Analysis

          2. 5.1.4.1.2 Consumption Analysis and Market Value

          3. 5.1.4.1.3 Import Market Analysis (Volume & Value)

          4. 5.1.4.1.4 Export Market Analysis (Volume & Value)

          5. 5.1.4.1.5 Price Trends Analysis

        2. 5.1.4.2 Brazil

          1. 5.1.4.2.1 Production Analysis

          2. 5.1.4.2.2 Consumption Analysis and Market Value

          3. 5.1.4.2.3 Import Market Analysis (Volume & Value)

          4. 5.1.4.2.4 Export Market Analysis (Volume & Value)

          5. 5.1.4.2.5 Price Trends Analysis

        3. 5.1.4.3 Argentina

          1. 5.1.4.3.1 Production Analysis

          2. 5.1.4.3.2 Consumption Analysis and Market Value

          3. 5.1.4.3.3 Import Market Analysis (Volume & Value)

          4. 5.1.4.3.4 Export Market Analysis (Volume & Value)

          5. 5.1.4.3.5 Price Trends Analysis

      5. 5.1.5 Middle East & Africa

        1. 5.1.5.1 Turkey

          1. 5.1.5.1.1 Production Analysis

          2. 5.1.5.1.2 Consumption Analysis and Market Value

          3. 5.1.5.1.3 Import Market Analysis (Volume & Value)

          4. 5.1.5.1.4 Export Market Analysis (Volume & Value)

          5. 5.1.5.1.5 Price Trends Analysis

        2. 5.1.5.2 United Arab Emirates

          1. 5.1.5.2.1 Production Analysis

          2. 5.1.5.2.2 Consumption Analysis and Market Value

          3. 5.1.5.2.3 Import Market Analysis (Volume & Value)

          4. 5.1.5.2.4 Export Market Analysis (Volume & Value)

          5. 5.1.5.2.5 Price Trends Analysis

        3. 5.1.5.3 South Africa

          1. 5.1.5.3.1 Production Analysis

          2. 5.1.5.3.2 Consumption Analysis and Market Value

          3. 5.1.5.3.3 Import Market Analysis (Volume & Value)

          4. 5.1.5.3.4 Export Market Analysis (Volume & Value)

          5. 5.1.5.3.5 Price Trends Analysis

  6. 6. MARKET OPPORTUNITIES & FUTURE TRENDS

  7. 7. IMPACT OF COVID-19

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Frequently Asked Questions

The Fresh Cherries Market market is studied from 2016 - 2026.

The Fresh Cherries Market is growing at a CAGR of 5.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2021.

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