Cherries are a natural product cultivated in two forms—sour and sweet. Cherries are known for having antioxidant properties. Sweet cherries have more amount of vitamin C and fibers which helps in eliminating the risk of having cancer in the future. Sweet cherries are mostly available in the shops for the customers for direct consumption. Whereas, sour cherries are preserved and used as an application by other food segments because they cannot be consumed raw.
COVID-19 Scenario Analysis:
COVID-19 is causing economic crises that impacts the purchasing behavior of customers across the globe. Food sectors are also affected by this pandemic. Fruits are considered healthy and at the same time affordable when compared to other processed products, and therefore its demand is expected to increase during the current scenario of COVID-19. This will affect other food sectors such as confectionaries and processed foods.
Many cherry growers are now facing problem as cherries are ready to be harvested but shops are shut due to COVID-19. Also, transporting cherries is a big issue as travelling is banned by the government, pausing supply chain activities. This disrupts the harvesting schedule for this year globally.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The preservative market is witnessing a downfall, as people are switching toward fresh fruits for leading a healthy lifestyle across the globe. This is a major factor that influences the demand for cherries in the market. Increase in health awareness among customers’ leads to the growth in terms of revenue globally. Distribution channels that are preferred by this market segment are traditional grocery stores and e-commerce. E-commerce is expected to dominate the distribution channel as various kinds of discounts on fruits and services for home delivery are offered.
Various health benefits are associated with cherries, which fuel the growth of the fresh cherries market globally. Also, increase in income levels of the population contributes toward the growth of this segment.
Great quality cherries are considered one of the difficult fruits to be produced. Cherries have huge market demand. The risk of decaying and pitting that affects the quality of cherries limits the market growth. This can be resolved by advancing the packaging of cherries with the help of advanced technologies so that they do not get spoiled while shipping. Also, changes in climatic conditions might hamper the production of cherries which will disturb the supply process.
New product launches to flourish the market
A company named Hazel Technologies is working on a technology for extending the shelf life of freshly produced cherries. Cherry Package makers are into advancing the technology of a quarter size and food-safe packaging insert which is biodegradable in nature. This is then placed in the packet while the packaging process would take place. This will protect them from spoiling their quality and also minimizing the chance of getting decay.
Surge in usage in automotive and industrial applications
There is an increase in the usage of cherries in various segments of the food industry. Some of them include ice-creams, salads, drinks, and dairy beverages. The usage of cherries in these food segments is showcasing potential growth. When it comes to application, bakeries have shown a very high demand for the fresh cherries market. Also, jams and jellies have contributed to the significant growth of the cherries market.
Key Benefits of the Report:
This study presents the analytical depiction of the global fresh cherries market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fresh cherries market share.
The current market is quantitatively analyzed to highlight the fresh cherries market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global fresh cherries market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Fresh Cherries Market Research Report:
What are the leading market players active in the fresh cherries market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
Fresh Cherries Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Alacam Tarim, The Global Green Co. Ltd., Leelanau Fruit Co., BEL'EXPORT NV, Vitin Fruits, Smelterz Orchard Co., Dell's Marachino Cherries, Rainier Fruit Co., Hood River Cherry Co. |
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