|Fastest Growing Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The orange market is projected to register a CAGR of 4.0% during the forecast period (2022-2027).
During the COVID-19 outbreak, there was a labor shortage in the agriculture industry due to movement restrictions, which posed a challenge in harvesting the oranges. Additionally, the supply chain disruption negatively impacted the orange trade globally.
High production capabilities and magnificent weather conditions worldwide contribute to the production of oranges. The production of oranges is majorly affected by several factors, such as environmental factors, bio stress, and government policies. Spain is one of the major producers of citrus fruits, especially oranges. However, a rebound in the citrus production in the European countries may reduce imports from Spain.
The other important varieties of orange found are Lane Late from Australia, Navelate from Spain, and Newhall from California. The international trade in oranges mainly revolves around major exporters, such as Brazil and other countries in the European Union, representing almost 60.0% of the total international trade of oranges. Some of the top importers are China, the United States, and Turkey.
Scope of the Report
For the purpose of the report, orange is identified to be a citrus fruit, which is typically round and yellowish-orangish in color. It contains a significant proportion of citric acid.The report contains an analysis of various parameters of the orange market. The study considers the commercial orange varieties as a commodity, comprising major developments in the niche market.
The orange market has been segmented by geography. A detailed production analysis (volume), consumption analysis (value and volume), import analysis (value and volume), export analysis (value and volume), and price trend analysis covering major producing and consuming countries of oranges (Brazil, China, India, Mexico, United States, European Union, Egypt, South Africa, Indonesia, and Turkey) has been included. The report offers the market size and forecasts in terms of volume in metric ton and value in USD thousand for all the above segments.
|Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)|
Key Market Trends
Growing Seasonal Consumption of Orange
The demand for oranges is at its peak during November, December, and January when the temperatures are a little lower. The growth in the European market is retained, especially in Germany, where the consumption of oranges saw the strongest growth in recent years. Consumers in different regions, including North America and Europe, are shifting their preferences toward orange juice. However, the per capita consumption of fresh oranges is constantly growing, particularly during the winter seasons, owing to their high availability.
According to UN Comtrade, the exports of oranges to the world increased significantly from 5,044.1 million in 2017 to 5,560.4 million in 2020, owing to the escalating consumption during winter months, which varies for different countries.Moreover, as the seasonal consumption varies, during the navel (an orange variety) season, which lasts from June to October, Chile saw increased citrus exports, including oranges, by 15.0%. This increase was due to heavy rainfall recorded in 2018, which led to larger harvests and served the US and European markets.Thus, the higher availability and production of fresh oranges due to the adequate weather conditions is stimulating the seasonal consumption of oranges.
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Brazil to Drive the Global Orange Demand Trend
Domestic consumption of fresh oranges is growing as consumers demand freshly squeezed orange juice in their homes, bakeries, and restaurants. They also look for pasteurized juice produced at factories operating in the country. The domestic market for fresh oranges has become a major consumer of Brazil’s total orange production. More than 100.0 million boxes of oranges, each weighing 40.8 kilograms, equivalent to approximately 30.0% of Brazil’s production, are consumed by the Brazilian population annually. Major juice industries in Brazil export almost entire production to international destinations. Hence, the growing trend of juice shops with a variety of fruits, including orange extracts and pulp, in Brazil has led to an increase in the demand for fresh oranges in the country.
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Table of Contents
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
5. MARKET SEGMENTATION
5.1 Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
5.1.5 United States
5.1.6 European Union
5.1.8 South Africa
6. VALUE CHAIN ANALYSIS
6.1 Value Chain and Price Markups
6.2 Stakeholder Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID 19 IMPACT ON THE MARKET
Frequently Asked Questions
What is the study period of this market?
The Orange Market market is studied from 2017 - 2027.
What is the growth rate of Orange Market?
The Orange Market is growing at a CAGR of 4% over the next 5 years.
Which region has highest growth rate in Orange Market?
North America is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Orange Market?
Asia-Pacific holds highest share in 2021.