Sizing and Forecast
The apples market size has grown steadily in recent years. It will grow from $89.12 billion in 2023 to $92.46 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to supply chain disruptions, trade policies, technological advances, health trends, market competition, government regulations, economic conditions, and cultural factors.
The apples market size is expected to see steady growth in the next few years. It will grow to $108.77 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to health and wellness trends, climate resilience, global trade dynamics, consumer preferences, sustainability initiatives, market innovation, and supply chain efficiency. Major trends in the forecast period include increased demand for organic and specialty apples, expansion of sustainable practices, innovation in apple varieties, digital agriculture technologies, e-commerce growth, health and Wellness trends, diversification of product offerings, consumer education, and transparency.
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The apples market covered in this report is segmented –
1) By Type: Red Apple, Granny Smith And Golden Apples
2) By Distribution Channel: Offline, Online, Other Distribution Channels
3) By Application: Jam Factory, Fruit Wholesaler, Other Applications
4) By Industry Vertical: Food And Beverages, Other Industry Verticals
Asia-Pacific was the largest region in the apples market in 2023. South America is expected to be the fastest-growing region in the forecast period. The regions covered in the apples market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in health-conscious consumers is expected to propel the growth of the apples market going forward. Health-conscious consumers prioritize and actively seek ways to maintain and improve their physical and mental well-being. Health-conscious consumers are rising due to increasing awareness about the role of nutrition in preventing chronic diseases and promoting overall well-being. Health-conscious consumers incorporate apples into their diets for their nutritional richness, fiber content, and potential health benefits, such as promoting heart health and aiding weight management. For instance, in May 2022, according to an online survey of 1,005 Americans ages 18 to 80 conducted by the International Food Information Council, a US-based non-profit organization, 52% of participants followed a specific diet or eating pattern, up from 39% in 2021. Therefore, the rise in health-conscious consumers is driving the growth of the apple market.
Key Industry Players
Major companies operating in the apples market report are Stemilt Growers LLC; Washington Fruit Growers; Borton Fruits; Auvil Fruit Co. Inc.; Domex Superfresh Growers; Starr Ranch Growers; Gebbers Farms; Golden Bay Fruit; Mercier Orchards Inc.; Harmonie; Hess Brothers Fruit Company; Symms Fruit Ranch Inc; Rice Fruit Co.; Evans Fruit Company; CMI Orchards LLC; Fowler Farms Ltd.; Gilbert Orchards; Fruit Hill Orchard Inc.; The Apple Barn; Batlow Fruit Co. Pty Ltd; Hope Orchards; Roche Fruit LLC; Shenandoah Valley Orchards
The apples market report table of contents includes:
1. Executive Summary
2. Apples Characteristics
3. Apples Trends And Strategies
4. Apples – Macro Economic Scenario
5. Global Apples Size and Growth
…..
32. Global Apples Competitive Benchmarking
33. Global Apples Competitive Dashboard
34. Key Mergers And Acquisitions In The Apples
35. Apples Future Outlook and Potential Analysis
36. Appendix
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