Market Size of Plums and Sloes Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 11.20 % |
Fastest Growing Market | Europe |
Largest Market | Asia Pacific |
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Plums and Sloes Market Analysis
The market for plums and sloes is estimated to grow at a CAGR of 11.2%, during the forecast period (2020-2025).
- Asia-Pacific dominated the market in the year 2019, with China contributing a major chunk of the share in the region. The production of "Hei Bulin" plums has been gaining traction with a higher area under plantation in regions such as Yongtai and Guangdong, among others. Additionally, the ongoing emphasis of the government on improving the domestic value chain and improve the quality as well as industry standardization, is expected to drive production in China, during the forecast period.
- Europe was the fastest growing region in the fresh plums and sloes market, globally. Inclination of the consumers towards sweeter plums and newer varieties as a deviation from traditional plums are providing a boost to the overall consumption in the region.