IndexBox has just published a new report “World: Strawberries - Market Report. Analysis And Forecast To 2025".
According to market research, the global strawberry market earned total revenues of 16,294 million USD in 2015, representing a compound annual rate of growth (CAGR) of +4.7% from 2007 to 2015. In physical terms, the market also displayed positive trend, finally reaching 8,476 thousand tonnes in 2015, а 5% growth from 2014.
The cultivation and production of strawberries is a fairly global industry, except in those countries with the coldest climate. However, the quality, flavor, and vitamin content of the berries are linked directly to the part of the world where they are grown. The ideal growing climate for strawberries is one where they are exposed to warm, sunny days and cool nights.
The berry sector, on the whole, is expanding worldwide. Consequently, both fresh and processed strawberry production is also on the rise globally, propelled by the consumer shift toward healthier food choices, and growth in the emerging markets.
Leading strawberry consuming markets were China (3,343 thousand tonnes) and the U.S. (1,409 thousand tonnes), together accounting for approximately 56% of global consumption. These countries were also the leading producers of strawberries in the world. Mexico (421 thousand tonnes) assumed third position in terms of total strawberry production, with a share of 5%, followed by Turkey (4%) and Egypt (3%).
Driven by global population growth, the strawberry market is projected to continue an upward consumption trend over the next nine years. The market performance is forecast to rise with an anticipated CAGR of +1.6% for the nine-year period from 2015 to 2025, which is then expected to lead the market value to 10.0 million tonnes by the end of 2025.
It is projected that strawberry production and consumption will gain this increase mainly due to the developing-country markets, in particular, China. In terms of the European and American market, it is worth noting that these markets are controlled by the current healthy eating trend, which promotes the consumption of natural products, such as strawberries.
The European strawberry market has recently been affected by poor weather conditions, mainly excessive soil moisture and low night time temperatures; this impacts negatively on production, prices and consumption. At the same time, in some European countries, strawberry production is gradually being relocated to other areas, due to the fluctuations and rises in temperature. On the one hand, these fluctuations in temperature appear as a negative factor, but, alternatively, the beginning of the strawberry cultivation season has now been brought forward. However, the demand for strawberries will be secured by increased imports from other regions.
Do you want to know more about the global strawberry market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- strawberry market share
- strawberry prices
- strawberry industry
- strawberry sales
- strawberry market forecast
- strawberry price forecast
- key strawberry producers
Companies mentioned in the report:
Dole Food Company Inc., Reiter Affiliated Companies, Orange County Produce LLC, Keelings, Costa, VitalBerry BV, Wish Farms, Berry Fresh LLC, Bionest, Fresgarrido, S.L.
Source: World: Strawberries - Market Report. Analysis And Forecast To 2025
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