Global Cherry Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Global Cherry Market Growth

Turkey is the leading cherry producer worldwide, with an annual yield of nearly 725,000 tons. Between January and July 2024, it exported cherries worth $4 million, with European countries such as Russia, Germany, and Poland being the leading export destinations. Positive climatic conditions and fertile soil have prompted cherry producers to increase their export target to $300 million per year. “We Know the Pesticide We Use” and other similar initiatives aim at ensuring the production of premium, residue-free cherries for export. This is expected to drive the market expansion over the forecast period.

Between January and June 2023, Uzbekistan earned $38.9 million from cherry exports worldwide. Russia (19,800 tons), Kazakhstan (6,400 tons), and Kyrgyzstan (6,100 tons) emerged as the primary export destinations, while other countries like Belarus (333 tons), China (29 tons), the UAE (36 tons), Malaysia (17 tons), and Saudi Arabia (10.5 tons) also imported significant quantities of cherries. The nation witnessed an increase in the demand for cherries by 14,400 tons from the same period last year when exports were recorded at 24,400 tons, resulting in net earnings of $33.3 million. The growing success of Uzbekistan’s agricultural sector at the international level is expected to drive market expansion globally in the coming years.

Key Trends and Developments

Rising cherry cultivation in China; growing adoption of sustainable farming practices; rising automation of farm operations; and the emergence of urban farming are the major trends impacting the global cherry market expansion

September 2024

Fruit World International announced its decision to introduce Blossom and Bonanza, two premium cherry brands to cater to the demand for large-sized cherries in the United Kingdom and internationally.

August 2024

Marshall Farms expanded its supply relationship agreement with Asda (retailer) to supply it with over 3.5 million cherries.

June 2024

Washington Fruit Growers decided to expand its operational infrastructure by adding a new packaging line with advanced grading, sorting, and packaging features at its Washington Fruit & Produce campus. The new infrastructure is set to be operational by the 2025 cherry season.

June 2024

Stemilt Artisan Organics introduced dark-sweet cherries in the USA to cater to the increasing demand for healthy snacks.

Rising cherry cultivation in China

As per the USA’s Department of Agriculture, cherry production in China is expected to reach 850,000 tons, recording a year-on-year growth of 6% in 2024-2025.

Sustainable farming practices

In Uzbekistan, farmers cultivating sweet cherries are being supported by the UN’s Food and Agriculture Organisation as well as the local government to ensure sustainable production.

Rising automation of farm operations

Farmers owning large-size croplands of cherries are purchasing drones, robots, and autonomous tractors to enhance crop productivity.

Emergence of localised and urban farming

The emergence of localised and urban farming is expected to build consumer confidence regarding the quality of cherries produced, thereby bolstering its demand among food and beverage companies.

Global Cherry Industry Segmentation

India Loader Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Fresh
• Dried
• Canned
• Frozen

Market Breakup by Cherry Type

• Sweet
• Sour

Market Breakup by Application

• Direct Consumption
• Bakery Products
• Jams and Jellies
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Cherry Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-2032, the Asia Pacific is projected to grow at a CAGR of 6.6%. The Asia Pacific, especially nations such as China and Japan, has experienced a significant increase in cherry consumption. This trend can be attributed to heightened health consciousness, rising disposable incomes, and an escalating demand for fresh, high-quality fruits, which has led to an uptick in both cherry imports and domestic production.

Leading Companies in the Global Cherry Market

Precision farming techniques are expected to drive cherry production among key regions over the forecast period, including the United States of America, Spain, Italy, Iran, Poland, Germany, and Greece.

• Stemilt Growers LLC
• Dole plc
• Superfresh Growers
• ALTAFRESH, LLC
• GARCES FRUIT
• SanLucar Fruit S.L.
• The Fruit Farm Group
• WASHINGTON FRUIT GROWERS
• Rainier Fruit Co.
• Jealous Fruits Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.