Fruit - Worldwide

Worldwide

Gross production value in Fruit market is projected to amount to US$41.19bn in 2024. An annual growth rate of 5.42% is expected (CAGR 2024-2028), resulting in gross production value of US$50.87bn in 2028.
The import value in Fruit market is projected to amount to US$128.4bn in 2024. An annual growth rate of 8.65% is expected (CAGR 2024–2028).
The export value in Fruit market is projected to amount to US$125.7bn in 2024. An annual growth rate of 26.84% is expected (CAGR 2024–2028).

Key regions: United Kingdom, Germany, Italy, United States, Brazil

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Analyst Opinion

The Fruit market has been growing steadily in recent years, with an increasing demand for fresh and healthy produce. This trend can be seen across the globe, with different countries experiencing varying levels of growth.

Customer preferences: Consumers are becoming more health-conscious and are opting for fresh fruits as a healthier alternative to processed snacks. This trend is particularly evident in Western countries, where there has been a significant increase in demand for fruits such as blueberries, avocados, and strawberries. On the other hand, Asian countries such as China and India have seen a surge in demand for tropical fruits such as mangoes and pineapples.

Trends in the market: In the United States, the fruit market has been dominated by apples, bananas, and oranges for many years. However, there has been a recent shift towards more exotic fruits such as kiwis and papayas. This trend is also evident in Europe, where there has been a surge in demand for fruits such as dragon fruits and passion fruits.In Latin America, the fruit market has been growing rapidly due to an increase in exports to the United States and Europe. Countries such as Mexico and Chile have become major players in the global fruit market, exporting large quantities of avocados, berries, and citrus fruits.

Local special circumstances: In Africa, the fruit market is still in its early stages of development. However, there has been a recent push towards increasing fruit production in countries such as Kenya and South Africa. These countries have ideal growing conditions for fruits such as mangoes, pineapples, and citrus fruits, which are in high demand in Europe and the Middle East.

Underlying macroeconomic factors: The growth in the fruit market can be attributed to several macroeconomic factors. Firstly, the increasing health consciousness of consumers has led to a surge in demand for fresh fruits. Secondly, the rise of e-commerce platforms has made it easier for consumers to access a wider variety of fruits from different parts of the world. Finally, the growth in global trade has made it easier for countries to export their fruits to other parts of the world, leading to an increase in demand for exotic fruits. In conclusion, the fruit market has been growing rapidly in recent years due to changing customer preferences, global trade, and increasing health consciousness. While different countries are experiencing varying levels of growth, the overall trend towards healthier and more exotic fruits is set to continue.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.