Prunes Market Size
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.34 Billion |
Market Size (2029) | USD 1.82 Billion |
CAGR (2024 - 2029) | 6.33 % |
Fastest Growing Market | Europe |
Largest Market | North America |
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Prunes Market Analysis
The Prunes Market size is estimated at USD 1.34 billion in 2024, and is expected to reach USD 1.82 billion by 2029, growing at a CAGR of 6.33% during the forecast period (2024-2029).
- Prunes are dried plums. According to data from the Office of Agrarian Studies and Policies (Odepa), Chile exported a total of 67,000 mt of prunes worth USD 256 million in 2022, with the main buyers being China (11,582 mt), Mexico (6,677 mt), and the United Kingdom (5,295 mt). In total, 81 countries received this dehydrated fruit. According to the Food and Agricultural Organization of the United Nations (FAO), globally, the United States accounts for 48% of world exports, followed by Chile (13 %) and France (12 %). France exports roughly 40% of its total production, and Chile exports as much as 90% (FAS).
- The global prune consumption peaked and is expected to register promising CAGR, primarily due to the changing consumption patterns across economically well-developed nations. Nowadays, people are more concerned about their health and shifting toward a healthy diet. Prunes are primarily made up of carbohydrates and are beneficial in managing several health conditions like constipation. It reduces bone loss and supports weight loss. It also improves heart health and prevents premature aging.
- As per the statistics revealed by the International Nuts and Dry Fruit Council, the United States was the largest consumer of prunes, followed by France, the Russian Federation, and Brazil, respectively, due to health benefits. Prunes' health benefits and nutrient quality make them popular among people, thus increasing the demand for prunes globally. The health benefits of prunes and the rising prominence of vegan diets are likely to accelerate the prune demand over the forecast period.
Prunes Market Trends
Health Benefits and Nutrient Quantity
A prune is a dry plum, most commonly the European plum. People are more concerned about their health and inclined toward a healthy diet. Prunes are beneficial in the management of several health conditions like constipation. It reduces bone loss and supports weight loss. It also improves heart health and prevents premature aging. Prunes are rich in antioxidants, which help reduce inflammation and protect cells from damage. Prunes have low sugar content than other dried fruits. Contrary to the belief that fruit rich in carbs increases blood sugar levels, prunes do not cause a sudden spike in the blood sugar level. One prune provides 1 gram of fiber and 3% of the daily fiber intake. There are a little over 6 grams of carbohydrates in one prune.
Prunes are a great source of beta carotene, which the body converts to vitamins A, B, and K, potassium, zinc, iron, calcium, magnesium, manganese, and copper. They can be pitted and eaten whole or used to improve processed foods. Prunes garnered nearly 13.5% share in the global dry fruit consumption across high-income economies countries. Countries like the United States, Chile, Algeria, Brazil and others can produce prunes. Chile can produce 100,000 mt of plums, of which 2/3 are used for prunes, which, after the drying process, are sent to a subsequent tenderization process after their natural condition. Thus, the health benefits of prunes are gaining traction globally, which is expected to boost the market during the forecast period.
The United States May Dominate the Prunes Market
The United States is among the world's largest producers and consumers of prunes. Although the country exports significantly, it buys prunes from Chile due to high domestic demand. According to ITC Trade Map, in 2021, the United States was among the top exporter of prunes in the world. The export value of prunes from the United States was observed at USD 175,715, which was higher than in 2020, at USD 159,680. According to the Food and Agricultural Organization of the United Nations (FAO), globally, the United States accounts for 48% of world exports, followed by Chile (13 %) and France (12 %). France exports roughly 40% of its total production, while Chile exports as much as 90%.
Prunes are on the list of the most highly consumed dried fruit in the United States, after dates. In the United States, schools have been focusing on healthier options for their students and are buying more locally sourced food. Dried plums are a great option for foodservice operators to introduce into schools. They can be pitted and eaten whole or used to improve processed foods. The growing urge for healthy eating habits across millennial groups in the United States reveals the increasing consumption pattern in the US market. Thus, driven by the marketing campaigns and the excessive supply in the domestic market, the prune production and export trend will likely get boosted in the US market over the coming years.
Prunes Market News
- October 2022: UC-Davis-Prune Variety Development Program developed several French-type prune varieties with low dry away numbers (2-2.5). This development will reduce the cost of drying required for prune drying and help growers save hundreds of dollars per acre in drying costs.
- November 2022: The United Kingdom introduced a 0% tariff on imports of prunes in California, which is expected to enhance the trade between the two countries.
Prunes Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption 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
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography
5.1.1 United States
5.1.1.1 Production Analysis
5.1.1.2 Consumption Analysis and Market Value
5.1.1.3 Import Market Analysis (Volume and Value)
5.1.1.4 Export Market Analysis (Volume and Value)
5.1.1.5 Price Trend Analysis
5.1.2 Mexico
5.1.2.1 Production Analysis
5.1.2.2 Consumption Analysis and Market Value
5.1.2.3 Import Market Analysis (Volume and Value)
5.1.2.4 Export Market Analysis (Volume and Value)
5.1.2.5 Price Trend Analysis
5.1.3 Brazil
5.1.3.1 Production Analysis
5.1.3.2 Consumption Analysis and Market Value
5.1.3.3 Import Market Analysis (Volume and Value)
5.1.3.4 Export Market Analysis (Volume and Value)
5.1.3.5 Price Trend Analysis
5.1.4 Argentina
5.1.4.1 Production Analysis
5.1.4.2 Consumption Analysis and Market Value
5.1.4.3 Import Market Analysis (Volume and Value)
5.1.4.4 Export Market Analysis (Volume and Value)
5.1.4.5 Price Trend Analysis
5.1.5 Chile
5.1.5.1 Production Analysis
5.1.5.2 Consumption Analysis and Market Value
5.1.5.3 Import Market Analysis (Volume and Value)
5.1.5.4 Export Market Analysis (Volume and Value)
5.1.5.5 Price Trend Analysis
5.1.6 Germany
5.1.6.1 Production Analysis
5.1.6.2 Consumption Analysis and Market Value
5.1.6.3 Import Market Analysis (Volume and Value)
5.1.6.4 Export Market Analysis (Volume and Value)
5.1.6.5 Price Trend Analysis
5.1.7 United Kingdom
5.1.7.1 Production Analysis
5.1.7.2 Consumption Analysis and Market Value
5.1.7.3 Import Market Analysis (Volume and Value)
5.1.7.4 Export Market Analysis (Volume and Value)
5.1.7.5 Price Trend Analysis
5.1.8 Italy
5.1.8.1 Production Analysis
5.1.8.2 Consumption Analysis and Market Value
5.1.8.3 Import Market Analysis (Volume and Value)
5.1.8.4 Export Market Analysis (Volume and Value)
5.1.8.5 Price Trend Analysis
5.1.9 Russia
5.1.9.1 Production Analysis
5.1.9.2 Consumption Analysis and Market Value
5.1.9.3 Import Market Analysis (Volume and Value)
5.1.9.4 Export Market Analysis (Volume and Value)
5.1.9.5 Price Trend Analysis
5.1.10 France
5.1.10.1 Production Analysis
5.1.10.2 Consumption Analysis and Market Value
5.1.10.3 Import Market Analysis (Volume and Value)
5.1.10.4 Export Market Analysis (Volume and Value)
5.1.10.5 Price Trend Analysis
5.1.11 Poland
5.1.11.1 Production Analysis
5.1.11.2 Consumption Analysis and Market Value
5.1.11.3 Import Market Analysis (Volume and Value)
5.1.11.4 Export Market Analysis (Volume and Value)
5.1.11.5 Price Trend Analysis
5.1.12 Algeria
5.1.12.1 Production Analysis
5.1.12.2 Consumption Analysis and Market Value
5.1.12.3 Import Market Analysis (Volume and Value)
5.1.12.4 Export Market Analysis (Volume and Value)
5.1.12.5 Price Trend Analysis
5.1.13 China
5.1.13.1 Production Analysis
5.1.13.2 Consumption Analysis and Market Value
5.1.13.3 Import Market Analysis (Volume and Value)
5.1.13.4 Export Market Analysis (Volume and Value)
5.1.13.5 Price Trend Analysis
5.1.14 Japan
5.1.14.1 Production Analysis
5.1.14.2 Consumption Analysis and Market Value
5.1.14.3 Import Market Analysis (Volume and Value)
5.1.14.4 Export Market Analysis (Volume and Value)
5.1.14.5 Price Trend Analysis
5.1.15 Australia
5.1.15.1 Production Analysis
5.1.15.2 Consumption Analysis and Market Value
5.1.15.3 Import Market Analysis (Volume and Value)
5.1.15.4 Export Market Analysis (Volume and Value)
5.1.15.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Prunes Industry Segmentation
Prune is defined as a dried plum of any cultivar, mostly the European plum. Not all plums can be dried into prunes. The term "prune" for fresh plums is obsolete except when applied to varieties grown for drying.
The prunes market is segmented by geography into the United States, Mexico, Brazil, Argentina, Chile, Germany, the United Kingdom, Italy, Russia, France, Poland, Algeria, China, Japan, and Australia. The report includes production (volume), consumption (value and volume), and trade analysis. The report offers market estimation and forecasts in value (USD million) and volume (metric ton) for the above-mentioned segments.
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Prunes Market Research FAQs
How big is the Prunes Market?
The Prunes Market size is expected to reach USD 1.34 billion in 2024 and grow at a CAGR of 6.33% to reach USD 1.82 billion by 2029.
What is the current Prunes Market size?
In 2024, the Prunes Market size is expected to reach USD 1.34 billion.
Which is the fastest growing region in Prunes Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Prunes Market?
In 2024, the North America accounts for the largest market share in Prunes Market.
What years does this Prunes Market cover, and what was the market size in 2023?
In 2023, the Prunes Market size was estimated at USD 1.26 billion. The report covers the Prunes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Prunes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Prunes Industry Report
Statistics for the 2024 Prunes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Prunes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.