Pineapples Global Market Report 2024

The pineapples market size has grown strongly in recent years. It will grow from $25.32 billion in 2023 to $27.0 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The expansion observed during the historical period can be attributed to several factors, including the growing awareness of the health benefits linked with consuming pineapples, an increase in disposable incomes among consumers, government support initiatives, and changing consumer preferences favoring healthier and natural food choices.

The pineapples market size is expected to see strong growth in the next few years. It will grow to $35.34 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The anticipated growth in the forecast period can be attributed to several factors, including urbanization and population growth, the widespread adoption of sustainable agriculture practices, the expansion of e-commerce platforms facilitating easier access to pineapples, and the enforcement of stringent food safety regulations ensuring quality standards. Key trends expected during this period encompass innovations in agricultural technology aimed at enhancing productivity and efficiency, advancements in sustainable farming practices to minimize environmental impact, ongoing research and development in genetic engineering technologies to improve crop resilience and yield, advancements in post-harvest technologies to prolong shelf life and reduce waste, and innovation in product development to meet evolving consumer preferences and demands.

The growing population of vegans and flexitarians is anticipated to drive the pineapple market's growth in the future. Vegans are individuals who completely avoid consuming animal products, including meat, dairy, and eggs, while flexitarians primarily follow a vegetarian diet but occasionally include meat or fish in moderation. The increasing numbers of vegans and flexitarians stem from concerns about animal welfare, health considerations, and the expanding availability of plant-based food options, leading to heightened demand for alternative agricultural products. Pineapples are valued in vegan and flexitarian diets for their versatility as a flavorful ingredient in both savory and sweet dishes, offering a tasty and plant-based option to cater to diverse culinary preferences. For instance, a report published by the United States Department of Agriculture in January 2023 indicated that nearly 8 million people in Germany adhered to a vegetarian diet, with 1.58 million identifying as vegan in 2022. Moreover, approximately 55% of the German population falls into the category of part-time vegetarians or flexitarians, underscoring a growing awareness regarding meat consumption. Thus, the increasing vegan and flexitarian population is fueling the pineapple market's expansion.

Leading companies in the pineapple market are concentrating on developing innovative products to meet evolving consumer preferences, such as red-shelled pineapples. Red-shelled pineapples are a distinct variety known for their vibrant red outer skin, while retaining the same sweet and tangy flavor as traditional yellow pineapples. For example, in January 2024, Del Monte Foods Inc., a US-based producer and distributor of canned fruits and vegetables, introduced the Rubyglow pineapple in China. This unique pineapple variety features a striking red outer skin, complemented by bright yellow flesh and a sweet flavor. Positioned as a high-end luxury novelty item due to its rarity and limited inventory, the Rubyglow pineapple is the result of over 15 years of development in Costa Rica, utilizing traditional crossbreeding techniques to combine traits from traditional Morada pineapples.

In March 2022, XL Holdings Bhd, a Malaysia-based company specializing in management services, acquired Ergobumi Sdn Bhd for $9.52 million. This acquisition is expected to facilitate XL Holdings Bhd's expansion in the pineapple plantation and processing business, diversifying its operations into new areas. Ergobumi Sdn Bhd is a Malaysia-based pineapple plantation company.

Major companies operating in the pineapples market are HJ Heinz Company, Dole plc, McCain Foods Limited, Chiquita Brands International Sàrl, Del Monte Pacific Limited, Ardo NV, Goya Foods Inc., Seneca Foods Corporation, Wawona Frozen Foods, SunOpta Inc., Fyffes PLC, Siam Food Products Public Company Limited, Fruit d'Or Inc., Capfruit, Agricycle Global Inc., Hawaiian Crown Company LLC, SOL SIMPLE LLC, V And K Pineapple Canning Co. Ltd, Winz International Ltd, Paradise Juice Pvt Ltd, Pacific Coast Fruit Products Ltd., Frutex Australia Pty Ltd, Sunrise Holding Inc.

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

A pineapple is a tropical fruit known for its rough, spiky skin and sweet, juicy flesh. It typically offers a delightful combination of sweet and tart flavors, featuring a yellow interior flesh and a crown of green leaves atop. Pineapples boast richness in vitamins, minerals, and enzymes, and they are commonly enjoyed fresh, juiced, or incorporated into various culinary creations such as cooking, baking, and beverages.

The primary categories of pineapples include fresh and packaged varieties. Fresh pineapples are in their natural state, either unprocessed or minimally processed, sourced from both organic and conventional farming methods. Varieties may include cayenne, queen, red Spanish, and md2 or mg3. Pineapples find usage in commercial and individual applications and are distributed through diverse channels such as hypermarkets or supermarkets, independent retailers, convenience stores, online platforms, and others.

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

The pineapples market consists of sales of frozen pineapples, dried pineapples, pineapple juice, and pineapple jams. 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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