Market Size of Persimmons Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 0.89 Billion |
Market Size (2029) | USD 1.20 Billion |
CAGR (2024 - 2029) | 6.16 % |
Fastest Growing Market | Europe |
Largest Market | Asia |
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Persimmon Market Analysis
The Persimmons Market size is estimated at USD 0.89 billion in 2024, and is expected to reach USD 1.20 billion by 2029, growing at a CAGR of 6.16% during the forecast period (2024-2029).
- The rise in demand due to the nutritive value of persimmons fruits and their high export value are the prime drivers of the market. Persimmons contain Vitamins A, C, K, and antioxidant properties that help increase insulin responsiveness and reduce oxidative stress. Persimmons can be used to make a variety of items, including baked foods (cookies, cakes, etc.), custards, ice creams, preserves, puddings, and pulp.
- Persimmon leaves are used to make herbal teas as well. This fruit helps in weight loss and increases immunity. Dried persimmons are another processing technique that can add value to the crop. Therefore, the utilization of dried persimmons in various applications provides lucrative growth opportunities to the market.
- According to the Food and Agriculture Organization (FAO), China, South Korea, Azerbaijan, Japan, and Brazil are the major producer of persimmon across the globe contributing 3,429.4 thousand metric tons, followed by 200.6 thousand metric tons, 192.4 thousand metric tons, 187.9 thousand metric tons, and 170.2 thousand metric tons, respectively, during the year 2021.
- China is the leading persimmons-producing country with more than half of the world's production share. The Japanese variety is the most commonly harvested persimmon in China. The second leading persimmon producer in the world is South Korea. The agricultural industry in these countries is actively trying to improve persimmon production as part of a strategy to significantly increase persimmon exports.