Market Size of Fresh Cherries Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
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Fresh Cherries Market Analysis
The fresh cherries market is projected to register a CAGR of 5.2% over the forecast period.
- Cherries are a good vitamin C, calcium, iron, magnesium, and potassium source. It constitutes carbohydrates, protein, vitamin C, calcium, potassium, iron, magnesium, fiber, and many beneficial phytonutrients with positive health effects. Fresh cherries prevent gout, lower cancer risk, reduce muscle sourness, aid heart health, and support memory functions by preventing oxidative damage in brain cells.
- According to the Food and Agriculture Organization (FAO), Turkey, the United States, Chile, Uzbekistan, and Iran are the major producer of fresh cherries across the globe, contributing 689,834 metric tons, followed by 343,190 metric tons, 325,048.6 metric tons, 213,600 metric ton, and 156,134.13 metric ton during the year 2021.
- An increase in the demand for imported cherries that are larger and sweeter, 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 is further supported by the fact that in Marseille and Paris in France, the average price of a ton of cherries increased to USD 3607.94, which is solely attributed to the increase in the cultivation of premium-quality sweet cherries and innovative varieties.
