The global cherry market has witnessed steady growth in recent years. Industry experts said that the market size reached USD 60.6 billion in 2022. The market is expected to experience further expansion at a compound annual growth rate (CAGR) of 8.5% during the forecast period 2023 to 2030. This growth is attributed to increasing consumer demand, expanding cultivation areas, and rising awareness of the health benefits associated with cherry consumption.
China is the largest consumer of fresh cherries in the world. In 2022, the total consumption of fresh cherries (both sweet and sour) reached 980 thousand mt. Since China's production size is relatively small, the country imports significant amounts of fresh cherries, making it the world’s biggest importer of sweet cherries. In 2021, the import value of sweet cherries was USD 3.1 billion. The Chinese fresh cherries market is considered one of the most attractive but at the same time, the most challenging markets for major cherry producers around the world. Lately, the China cherry market has shown upward trends in local production and a downward trend in imports. According to the United States Department of Agriculture (USDA), during the MY 2022-23, China’s domestic cherry production is projected to increase by 8% per year, equivalent to 650,000 mt. On the other hand, cherries import is projected to decline by 6%, amounting to 300,000 mt.
The current report focuses on the global fresh cherries market and highlights the growing significance of the Chinese market within it. It aims to provide insights into the overall industry, including production, consumption, trade, and market trends of fresh cherries worldwide. Specifically, the report emphasizes China's expanding role as a key player in the global fresh cherry market, examining factors such as rising consumer demand, import, market dynamics, and the influence of e-commerce platforms. By exploring the increasing prominence of China in the fresh cherry market, the report aims to shed light on the evolving landscape and opportunities within the industry on a global scale.
