Global Tropical Fruits Market Share Report 2024, Forecast To 2033
12 Nov, 2024
The tropical fruits market has shown robust growth in recent years. It is expected to rise from $4.39 billion in 2023 to $4.64 billion in 2024, with a CAGR of 5.8%. Contributing factors include the growing global tourism sector, increasing popularity of natural sweeteners, higher disposable income, rising veganism, and expanding international trade. The tropical fruits market is forecasted to grow steadily, reaching $5.85 billion by 2028 at a CAGR of 5.9%. This growth is driven by the popularity of superfoods, smoothie bowls and juices, interest in functional foods, and rising awareness of antioxidant-rich foods. Trends include advancements in storage and transportation, AI-based crop monitoring, blockchain for supply chain transparency, automated irrigation, and innovations in fruit preservation.
Major Driver In The Tropical Fruits Market
The increasing awareness of health and wellness is expected to drive the growth of the tropical fruits market. As people become more conscious of the impact of lifestyle choices on their overall health and well-being, demand for nutritious foods like tropical fruits has risen. These fruits are known for their health benefits, such as improving digestion and boosting immunity. In May 2022, the International Food Information Council reported that 52% of Americans followed a diet or eating pattern in 2022, up from 39% in 2021. The growing health and wellness awareness is driving the increasing demand for tropical fruits, which in turn is propelling market growth.
Request A Free Sample Of The Tropical Fruits Market ReportTropical Fruits Market Competitive Landscape
Dole plc, Chiquita Brands International Inc., ALDI SOUTH Group, Alfa Laval AB, Del Monte Foods Inc., Fyffes International Holdings Limited, FreshPoint Inc., Citrofrut, Ocean Spray Cranberries Inc., Sraml, Sunich, TropicalFruit Export SA, Vegaproduce, Lemonconcentrate S.L.U., Tropical Fruit Box, Best Tropical Fruits Ltd., Melissa’s, Pineapple India, Tropical Green, Thai Agronomy Products Co.Ltd
Key Tropical Fruits Market Trend
Companies in the tropical fruits market are launching initiatives like mango programs to increase consumer appeal and diversify their product range. These programs promote the cultivation and consumption of mangoes through various systems. In April 2024, Dole Food Company, a U.S.-based agricultural firm, unveiled a comprehensive mango program featuring a range of mango varieties from tropical regions, expanding their offerings following the successful introduction of dragon fruit.
Purchase The Global Tropical Fruits Market Report Directly And Get A Swift DeliveryGlobal Tropical Fruits Market Segmentation
The tropical fruits market covered in this report is segmented –
1) By Product: Mango, Dragon Fruit, Papayas, Pineapples, Bananas, Guavas, Other Types
2) By Distribution Channel: Online, Offline
3) By End User: Household, Commercial
By Geography:The regions covered in the tropical fruits marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the tropical fruits market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Tropical Fruits Global Market Report 2024 furnishes information about the global tropical fruits market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.