Cherries Global Market Report 2024

The cherries market size has grown strongly in recent years. It will grow from $58.15 billion in 2023 to $63.03 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. Historical growth in the cherry industry can be attributed to several factors, including increased awareness of the health benefits associated with cherries, rising disposable incomes among consumers, ongoing urbanization leading to a greater demand for fresh produce, government policies and regulations supporting the growth of the cherry industry, and evolving consumer preferences favoring fresh and healthy food options.

The cherries market size is expected to see strong growth in the next few years. It will grow to $88.11 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. Anticipated growth in the forecast period in the cherry industry can be attributed to several factors. These include the growing consumer demand for organic and natural food products, an increased focus on sustainability and environmental responsibility within the cherry industry, the rise of e-commerce platforms and online sales channels facilitating broader market reach, a growing interest in functional foods and nutraceuticals incorporating cherries, and ongoing improvements in cherry cultivation techniques and crop management practices. Major trends expected in the forecast period encompass the growing popularity of dried cherries as a convenient and nutritious snack option, an expansion of cherry varieties available in supermarkets to cater to diverse consumer preferences, a rising interest in cherry-infused beverages and cocktails as innovative culinary creations, an increased adoption of sustainable farming practices in cherry cultivation to promote environmental conservation, and the development of innovative cherry-based skincare products tapping into the fruit's potential health benefits for skincare applications.

The rising trend of plant-based diets is set to propel the cherries market in the coming years. A plant-based diet involves primarily or exclusively consuming foods derived from plants, such as fruits, vegetables, grains, nuts, and seeds, while reducing or excluding animal products such as meat, dairy, and eggs. The increasing popularity of plant-based diets is driven by growing awareness of health benefits, environmental concerns, and ethical considerations regarding animal welfare. Cherries are a popular ingredient in plant-based diets, used in salads, smoothies, desserts, and sauces for their flavor and nutritional value. For example, a report by Grubhub, a US-based online food ordering platform, showed a 17% increase in vegan food delivery orders in June 2021, with plant-based burger orders rising by 28% and vegetarian orders increasing by 55% compared to 2020. This surge in plant-based diets is fueling the demand for cherries.

Major companies in the cherries market are focusing on innovative production lines to optimize harvesting processes and improve supply chain management. Innovative production lines integrate advanced technologies, automation, and efficient methods to enhance manufacturing operations and productivity. For instance, in April 2024, FirstFruits Farms Inc., a US-based company specializing in apple packing, growing, and shipping, introduced a state-of-the-art cherry production line in Prescott, Washington. This line features advanced technology for complete automation, ensuring the delivery of high-quality fruit to customers. The equipment from UNITEC is designed to process Rainier and Dark Sweet cherry varieties seamlessly, with packaging options such as clamshells, pouch bags, and top seal capabilities, significantly boosting production capacities.

In October 2023, Frutura, a US-based sales and marketing network for fruit and vegetable suppliers, acquired Giddings Fruits for an undisclosed sum. This acquisition strengthens Frutura's presence in the cherries market by leveraging Giddings Fruit's year-round premium cherry supply and strong international market presence, especially in Europe, the Pacific Rim, and China. Giddings Fruits, based in Chile, specializes in providing organic and conventional cherries and berries.

Major companies operating in the cherries market are Dole Plc, Del Monte Foods Inc, Maple Leaf Foods, Unifrutti Group, Gebbers Farms, Stemilt Growers, WASHINGTON FRUIT GROWERS, Driscoll's Inc., Borton Fruit, Zirkle Fruit Company, Chelan Fresh, Columbia Fruit Packers Inc., Domex Superfresh Growers, Rainier Fruit Co., Valley Fresh Produce, Naturipe Fruits, Smeltzer Orchard Company LLC, CMI Orchards LLC., Leelanau Fruit Co., Alaraagri.com, Hood River Cherry Company, Global Green Company, CherryHill Orchards Pty Ltd, Perfecta Produce, AMAZONIA BIO.

Asia-Pacific was the largest region in the cherries market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cherries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cherries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cherries are small, round fruits with a hard stone-like pit, typically found in shades of red or dark purple, and are known for their sweet or tart flavor. They are commonly consumed fresh, used in a variety of desserts, jams, sauces, and beverages, and can also be dried or preserved for later use.

The primary types of cherries are sweet and sour. Sweet cherries are juicy and flavorful, with popular varieties including bing, rainier, lambert, and lapkins. They are used in a wide range of applications such as direct consumption, inclusion in cakes and bakery items, incorporation into candies and snacks, production of jams and juices, and even utilized in alcoholic beverages. These cherries are typically available in supermarkets, hypermarkets, convenience stores, and online platforms for consumer purchase.

The cherries research report is one of a series of new reports that provides cherries market statistics, including the cherries industry's global market size, regional shares, competitors with a cherries market share, detailed cherries market segments, market trends and opportunities, and any further data you may need to thrive in the cherries industry. This cherries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cherries market consists of sales of montmorency cherries, black cherries, royal ann cherries, skeena cherries, early burlat cherries, and sweetheart cherries. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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