Pineapples Market Growth Outlook Through 2024-2033

Overview and Scope
A pineapple is a tropical fruit characterized by its rough, spiky skin and sweet, juicy flesh. It typically combines sweet and tart flavors, with a yellow interior flesh and a crown of green leaves on top. Pineapples are rich in vitamins, minerals, and enzymes, and they are commonly consumed fresh, juiced, or used in cooking, baking, and beverages.

Sizing and Forecast
The pineapples market size has grown strongly in recent years. It will grow from $25.32 billion in 2023 to $27.00 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing awareness of the health benefits associated with pineapple consumption, rising disposable incomes, a rise in government support, and shifting consumer preferences towards healthy and natural food options.

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 7.0%. The growth in the forecast period can be attributed to urbanization and population growth, adoption of sustainable agriculture practices, expansion of e-commerce platforms, and stringent food safety regulations. Major trends in the forecast period include innovations in agricultural technology, advancements in sustainable farming practices, research and development in genetic engineering technologies, advances in post-harvest technologies, and innovation in product development.

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Segmentation & Regional Insights
The pineapples market covered in this report is segmented –

1) By Type: Fresh, Packaged
2) By Source: Organic, Conventional
3) By Variety: Cayenne Pineapple, Queen Pineapple, Red Spanish Pineapple, MD2 Or MG3
4) By Application: Commercial, Individual
5) By Distribution Channel: Hypermarkets Or Supermarkets, Independent Retailers, Convenience Stores, Online Sales, Other Distribution Channels

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.

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Major Driver Impacting Market Growth
An increasing vegan and flexitarian population is expected to propel the pineapples market going forward. The vegan population refers to individuals who abstain from consuming animal products entirely, including meat, dairy, and eggs. Flexitarians primarily follow a vegetarian diet but occasionally consume meat or fish in moderation. The surge in vegan and flexitarian populations is due to growing concerns about animal welfare, health considerations, and the availability of a wider variety of plant-based food options, fueling demand for alternative agricultural products. Pineapples are valued in vegan and flexitarian diets for their versatility as a flavorful ingredient in savory and sweet dishes, providing a delicious and plant-based option for diverse culinary preferences. For instance, in January 2023, according to a report published by the United States Department of Agriculture, a US-based federal department responsible for various aspects including farming, forestry, and food, nearly 8 million people adhered to a vegetarian diet in Germany, with 1.58 million identifying as vegan in 2022. Moreover, approximately 55% of the population in Germany is classified as part-time vegetarians or flexitarians, demonstrating a growing concern about meat consumption. Therefore, the rise in the vegan and flexitarian population is driving the growth of the pineapples market.

Key Industry Players

Major companies operating in the pineapples market report 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.

The pineapples market report table of contents includes:

1. Executive Summary
2. Pineapples Market Characteristics
3. Pineapples Market Trends And Strategies
4. Pineapples Market – Macro Economic Scenario
5. Global Pineapples Market Size and Growth
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31. Pineapples Market Other Major And Innovative Companies
32. Global Pineapples Market Competitive Benchmarking
33. Global Pineapples Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pineapples Market
35. Pineapples Market Future Outlook and Potential Analysis
36.Appendix

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