Pineapple Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 28.79 Billion |
| Market Size (2029) | USD 39.13 Billion |
| CAGR (2024 - 2029) | 6.33 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
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Pineapple Market Analysis
The Pineapple Market size is estimated at USD 28.79 billion in 2024, and is expected to reach USD 39.13 billion by 2029, growing at a CAGR of 6.33% during the forecast period (2024-2029).
- The pineapple market has immense opportunities owing to the demand for the product, increased awareness among consumers, and growth in investments from private investors and companies.
- In 2021, Costa Rica, Indonesia, and the Philippines were the top three pineapple producers worldwide. These countries produce the fruit primarily for fresh fruit markets and the processing industry. Pineapple production is concentrated in the tropical regions of the world. The smooth Cayenne cultivar is extensively cultivated in many tropical countries like Hawaii, the Philippines, Australia, South Africa, Puerto Rico, Kenya, Mexico, Cuba, and Formosa. Costa Rica produced 2.9 million metric tons of pineapples in 2021.
- Lampung, East Java, West Java, and Riau are some of the provinces with the largest pineapple plantation area in Indonesia. Great Gaint Pineapple company in Lampung province controls pineapple production in the area and exports pineapples to various countries.
- The demand for pineapples in Europe has been growing in recent years, and it relies on many tropical countries to meet the demand. Costa Rica and the Philippines are the main exporters of fruit in the world, while the United States and the Netherlands are the top importers of pineapple.
Pineapple Market Trends
Increasing Demand for Fresh Fruits
- The demand for fresh fruits is increasing, especially in Europe and North America, due to consumers' growing concerns over health and wellness and a shift toward vegan foods. The production of pineapple increased globally due to the demand for fruit in the food processing industries to manufacture various snacks based on pineapple. In 2021, global Pineapple production accounted for 28.6 million metric tons.
- Due to a need for more sufficient human resources in agriculture production, the countries heavily rely on imports to meet the demand. Tropical fruits have a stable demand across the year, which is met with imports from countries like Costa Rica and the Philippines.
- For instance, Costa Rica exported USD 1.0 million of pineapples globally in 2021. The major importers of pineapple from Costa Rica are the United States, Netherlands, Belgium, Spain, and Italy, with a market share of 49.7%, 9.4%, 7.9%, 7.7%, and 7.7%, respectively. Europe and North America alone constitute over 50% of the total world's imports.
- The growing use of pineapple in healthy snacks is projected to boost the fresh pineapple market growth.
Asia Pacific Dominates the Market
Asia- Pacific region is the largest producer of pineapples in 2021 with 13 million metric ton accounting for 41% share of production globally, followed by America with 10.2 million metric ton and Africa with 5.2 million metric ton of pineapple production.
Asia is the largest region in the world both in terms of production and consumption. This is due to large local consumption and the highest area under pineapple production. In 2021, Indonesia is the top producer in the region with 2.88 million metric ton in 2021, followed by the Philippines with 2.86 million metric ton and India with 1.7 million metric ton.
China imported USD 172 million worth of pineapples in 2020 to meet its consumption demand. Much of these imports are from its neighboring countries like the Philippines and Chinese Taipei. Pineapple is consumed directly as fresh fruit and is now increasingly utilized in beverages in the Asian region.
The rising demand for food extracts that add nutritional value while providing a tangy flavor and the growing popularity of pineapple flavor are expected to drive the growth of the market. Furthermore, Pineapple products such as pineapple powder has a longer shelf life and used in various food and beverages sector, pharmaceuticals are expected to drive the market growth.
Pineapple Market News
- December 2022: Fresh Del Monte Produce has announced the launch of the Del Monte Zero pineapple in Costa Rica. It is a new product line extension from the Del Monte Gold, HoneyGlow, and Del Monte
- August 2022: the General Administration of Customs China issued an export protocol for Indonesian pineapples. The protocol stipulates that the orchards and packing plants of pineapples exported to China should be registered with the Indonesian Agriculture Quarantine Agency (IAQA) and jointly approved by GACC and IAQA.
- February 2022: In India, the state government of Tripura has launched an initiative called the Tripura Pineapple and Jackfruit Mission ( TPJM) to increase the production and export of both fruits. The region is already exporting pineapples to the United Kingdom and Germany, and the mission has allocated a fund of USD 19 million for the next five years from April 2022.
- October 2021: Ananas Anam a textile company innovated a new material called Pinatex. It is made from pineapple leaf fiber and is used in the fashion and upholstery industries. The usage of Pinatex is growing due to its natural, sustainable, and plant-based properties.
Pineapple Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain/Supply Chain Analysis
5. MARKET SEGMENTATION (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Market Analysis (Volume and Value),Export Market Analysis (Value and Volume), and Price Trend Analysis
5.1 Geography
5.1.1 North America
5.1.1.1 United States
5.1.1.2 Costa Rica
5.1.1.3 Mexico
5.1.1.4 Rest of North America
5.1.2 Europe
5.1.2.1 Germany
5.1.2.2 United Kingdom
5.1.2.3 France
5.1.2.4 Russia
5.1.2.5 Spain
5.1.2.6 Rest of Europe
5.1.3 Asia
5.1.3.1 India
5.1.3.2 Indonesia
5.1.3.3 Philippines
5.1.3.4 Rest of Asia
5.1.4 South America
5.1.4.1 Brazil
5.1.4.2 Argentina
5.1.5 Middle-East and Africa
5.1.5.1 Nigeria
5.1.5.2 South Africa
5.1.5.3 Rest of Middle-East and Africa
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Pineapple Industry Segmentation
Pineapple is a tropical monocotyledonous plant that has rigid spiny-margined recurved leaves and a short stalk with a dense oblong head of small abortive flowers.
The pineapple market is segmented is based on geography into North America, Europe, Asia-Pacific, South America, and Africa. The report offers production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis.
The report also offers the market sizing in terms of value (USD million) and volume (metric ton).
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Pineapple Market Research FAQs
How big is the Pineapple Market?
The Pineapple Market size is expected to reach USD 28.79 billion in 2024 and grow at a CAGR of 6.33% to reach USD 39.13 billion by 2029.
What is the current Pineapple Market size?
In 2024, the Pineapple Market size is expected to reach USD 28.79 billion.
Which is the fastest growing region in Pineapple Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Pineapple Market?
In 2024, the Asia-Pacific accounts for the largest market share in Pineapple Market.
What years does this Pineapple Market cover, and what was the market size in 2023?
In 2023, the Pineapple Market size was estimated at USD 27.08 billion. The report covers the Pineapple Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pineapple Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Pineapple Industry Report
Statistics for the 2024 Pineapple market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pineapple analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
