The orange global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Orange 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 orange market size has grown strongly in recent years. It will grow from $3.44 billion in 2023 to $3.64 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increasing global demand for vitamin C-rich fruits, the expansion of citrus farming in suitable climates, the growing popularity of orange juice as a breakfast staple, and the growth of citrus-related industries such as essential oils and fragrances, growing demand for processed orange products.
The orange market size is expected to see strong growth in the next few years. It will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising consumer interest in plant-based diets, growing awareness of health benefits beyond vitamin C, demand for natural flavorings in the food and beverage industry, increasing orange consumption in emerging markets, and government initiatives supporting sustainable farming. Major trends in the forecast period include growing demand for organic and sustainably sourced oranges, development of new orange varieties for enhanced flavor and shelf life, increasing consumer preference for fresh, locally sourced produce, expanding use of oranges in functional foods, and innovations in citrus-based wellness products.
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Scope Of Orange Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Orange Market Overview
Market Drivers –
The growing demand for nutritious and natural food is expected to propel the growth of the orange market going forward. Nutritious and natural foods are minimally processed, free of additives, and packed with essential nutrients, offering health benefits and promoting overall well-being. Growing health consciousness fuels demand for nutritious and natural foods, with consumers prioritizing options that support long-term wellness and prevent diseases. Oranges are rich in vitamin C, boosting immunity and skin health, while their dietary fiber supports digestion. It is packed with antioxidants and adds natural sweetness, making it nutritious and flavorful. For instance, in April 2023, according to the Central Statistics Office Ireland, an Ireland-based government agency, wheat yield increased by 0.1 tons per hectare in 2022, while oats saw a more significant rise of 0.2 tons per hectare. In terms of production, wheat grew by 57,600 tons compared to June 2021, significantly outpacing the increase in oat production, which rose by 3,300 tons during the same period. Therefore, demand for nutritious and natural foods is driving the growth of the orange market.
Market Trends –
Major companies operating in the orange market are focused on farming advanced oranges, such as yellowing-resistant orange varieties, to enhance fruit quality and meet consumer demand for visually appealing products. Yellowing-resistant orange varieties are specifically bred to withstand yellowing caused by diseases, pests, or environmental factors. These oranges retain their vibrant color and quality, enhancing their market appeal. For instance, in June 2023, Embrapa, a Brazil-based agricultural research corporation, partnered with the Coopercitrus Credicitrus Foundation, a Brazil-based organization, and the Sylvio Moreira Citriculture Center, a Brazil-based research and development institution in the field of citriculture, to launch Navelina XR. It is the first orange tree naturally resistant to the bacterium that causes yellowing, allowing it to thrive in areas where other varieties struggle due to citrus variegated chlorosis (CVC) infection. This variety produces seedless fruit similar to Baianinha oranges and matures early to mid-season, maintaining quality on the tree even after reaching commercial maturity, though some granulation may occur. It yields an average of 33 pounds per plant at four years old and 220 pounds at ten years old. Navelina XR is especially well-suited for São Paulo’s milder climates. Its cultivation simplifies farming practices by reducing the need for extensive pruning and vector control, familiar with other CVC-affected varieties.
The orange market covered in this report is segmented –
1) By Type: Sweet Orange, Navel Orange, Blood Orange, Red Orange
2) By Distribution Channel: Supermarkets, Convenience Stores, Online Retail, Farmer’s Markets
3) By Application: Fresh Consumption, Juices, Marmalades, Culinary Use
4) By End-User: Households, Food And Beverage Industry, Pharmaceuticals, Cosmetics
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Regional Insights –
North America was the largest region in the orange market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orange market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the orange market are Citrosuco S.A., Sun Pacific Inc., Wonderful Citrus LLC, Sucocitrico Cutrale Ltd., Citrus World Inc., Del Monte Fresh Produce, Limoneira Company, Bee Sweet Citrus Inc., Yantai North Andre Juice Co. Ltd., Sunkist Growers Inc., Alico Inc., Peace River Citrus Products, Southern Gardens Citrus, Vita-Pakt Citrus Products, Rio Grande Juice Company, Kings River Packing, Lemon Concentrate S.L., Golden Star Citrus Inc., Rancho Del Sol Organics, Redbelly Citrus, Scorzamara
Table of Contents
1. Executive Summary
2. Orange Market Report Structure
3. Orange Market Trends And Strategies
4. Orange Market – Macro Economic Scenario
5. Orange Market Size And Growth
…..
27. Orange Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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