Lychee Market Size

Lychee Market Analysis

The Lychee Market size is estimated at USD 7.10 billion in 2024, and is expected to reach USD 9.27 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).

• The market for lychee is growing because people in emerging and developing countries around the world want more fresh food.Favorable government initiatives and rising trade from the significant producers drive the market's growth. The need for products like jam, juice concentrates, canned lychee, dried lychee, etc. is also increasing. At the end of 2019, Vietnam entered an agreement with lychee farmers to export lychees to Japan.
• China is a major producer and exporter of lychees, with a large share of the world market for lychee exports.According to the ITC Trade Map, the total fresh lychee export from China was worth USD 63.6.2 million in 2021. Neighboring Asian countries and the United States are China's major markets for lychee exports. European consumers consider lychee a 'sweet, nutritious' super fruit, which also drives the large volume of lychee exports to countries like the Netherlands and the United Kingdom.
• The export of lychee has considerably increased over the years, mainly because of the increasing demand for healthy food in these markets. According to data from the General Administration of Customs of China (GACC), Guangdong province exported 5,902.1 metric tons of lychee in 2020, showing an increase of 72.3% in comparison to 2019.
• Lychee production is mostly in the Asia-Pacific region. China, Vietnam, India, Taiwan, and other Southeast Asian countries are the main countries that make lychees. Lychee from Madagascar occupies a strong position in the European market. Hence, the rising demand and favorable government support are expected to significantly boost market growth in the coming years.