Market Size of Orange Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.84 Billion |
| Market Size (2029) | USD 4.79 Billion |
| CAGR (2024 - 2029) | 4.53 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
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Oranges Market Analysis
The Orange Market size is estimated at USD 3.84 billion in 2024, and is expected to reach USD 4.79 billion by 2029, growing at a CAGR of 4.53% during the forecast period (2024-2029).
- Oranges contribute significantly to the bulk of the world's citrus fruit production, accounting for more than 50% of the global citrus production, and are one of the top citrus fruits grown in most countries after bananas and apples. The most common citrus species are mandarins, sweet oranges, and limes. Many orange cultivars or varieties are developed for each region, with some essential orange varieties found: Lane Late from Australia, Navelate from Spain, and Newhall from California.
- High production capabilities and magnificent weather conditions worldwide contribute to producing oranges. However, the production of oranges is majorly affected by several factors, such as environmental factors, biostress, and government policies. Brazil is one of the major global producers of oranges. The international trade in oranges mainly revolves around significant exporters, such as Brazil and other countries in the European Union, representing almost 60.0% of the total global trade in oranges. Some of the top importers are China, the United States, and Turkey.
- In addition, according to the USDA report, fresh orange production in South Africa is anticipated to increase at a reasonable growth rate in the coming years. This boost is based on the growth in harvested area and above-average rainfall throughout the season in the central growing regions. Also, South Africa exports oranges to more than 100 countries worldwide, and the European Union remains South Africa's largest export market for oranges, accounting for over 40 percent of total exports. However, EU concerns over Citrus Black Spot and False Codling Moth have affected these orange exports in recent years. Thus, with the increased production, consumption, and trading of oranges, the global market is anticipated to grow in the coming years.
