Apples Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Apples Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Apples Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the apples market are increasing their focus on developing genetically engineered apple varieties, such as Wurtwinning apple to gain a competitive edge in the market. Wurtwinning apple is a new club variety that is genetically engineered apple varieties that have been altered or modified using genetic engineering techniques to introduce specific traits or characteristics. For instance, in February 2024, FruitMasters, a Netherlands-based fruit company, launched the Wurtwinning apple variety under the brand name Bloss. This new club variety is a promising resistant variety with an above-average pack-out rate and a consistent size, with a rose-red blush and prominent lenticels. The apple was developed by combining the genes of two highly regarded varieties, resulting in a flavorful and robust fruit with a double resistance to apple scab and a high tolerance against powdery mildew.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Apples Market Report Structure
3. Apples Market Trends And Strategies
4. Apples Market – Macro Economic Scenario
5. Apples Market Size And Growth
…..
27. Apples Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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