Europe Fresh Cherries Market

Europe Fresh Cherries Market Analysis:

Europe Fresh Cherries Market is expected at USD xx.xx million in 2021 and is anticipated to extent an over of USD xx.xx million by the end of the assessment period. The Europe Fresh Cherries Market is estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the estimate period (2022 - 2027).

A cherry is the fruit of many plants of the genus Prunus and is a fleshy drupe (stone fruit). Commercial cherries are obtained from cultivars of various species, such as the sweet Prunus avium and the bitter Prunus cerasus. The name "cherry" also refers to the cherry tree and its wood, and is sometimes applied to almonds and visually similar flowering trees of the genus Prunus, such as "ornamental cherry" or "cherry blossom". Wild cherry can refer to any of the cherry species grown outside of cultivation, although Prunus avium is often specifically referred to as "wild cherry" in the British Isles.

Recent Developments 

Producer-owned and maraschino cherry growers cooperative Oregon Cherry Growers, Inc. (OCG) has signed an agreement to be acquired by Pacific Coast Producers, a California-based grower cooperative that processes and conditions fruit and tomatoes private label foodservice and retailers. Pacific Coast Producers plans to operate OCG as an independent business and a subsidiary of its cooperative, retaining the Oregon Cherry Growers name, as well as the production facilities in Salem and The Dalles, Oregon.

GrubMarket, a San Francisco-based food technology company, continued its acquisition frenzy with the acquisition of specialty fruit provider Bengard Marketing. Neither company disclosed the financial details of the transaction. “Bengard Marketing is a very successful specialty fruit supplier with a passion for people and products. The acquisition of Bengard Marketing will expand GrubMarket's strategic reach to sustainable producers in Chile, Argentina, Peru and New Zealand.

Oregon Cherry Growers Inc. acquired the cherry business of Oregon-based Bell Foods International Inc. The Salem-based cherry processor, famous for its locally grown maraschino cherries, acquired Bell Foods' cherry business on February 26 as part of its growth strategy, according to a statement. Bell Foods founder and President Craig Bell will join Oregon Cherry Growers as an advisor, and his company will continue to produce and process products other than cherries.

Novazone, a provider of innovative ozone-based solutions to improve the freshness and safety of food and water, today announced that Orchard View Farms, a leading cherry grower and conditioner located in the Pacific Northwest, has selected and deployed its products ecological, an ozone cherry-based disinfection. Founded in 1923, Orchard View Farms is a family business that harvests more than 3,000 tons of fresh cherries each year. Orchard View is a recognized leader in using innovative solutions to improve fresh food safety, quality and practices.

Seneca Foods Corp. acquired Gray & Company, a Hart, Michigan-based supplier of maraschino cherries and one of the largest suppliers of ice cream or candied fruit products. The Company's products are sold as private label and branded items in the retail, club, restaurant and industrial markets. The financial terms of the transaction were not disclosed.

Market Drivers and Restraints:

With the growing awareness related to the detrimental impact of preservatives, users around the world prefer fresh vegetables and fruits. It also largely reflects the need for fresh cherries. The increasing use of fresh cherries in emerging economies, driven by increasing purchasing power of users, is expected to contribute significantly to the development of the fresh cherries market in the coming period. The impact of the pandemic on the industry was very damaging as the pandemic effectively halted production activities. The lack of trade between countries has caused the submission of their demand and sales in the world market.

Market Segmentation

The global market for fresh cherries is classified on the basis of sales channel, taste and application. On the basis of taste, the world market differs in sour and sweet. Sweet cherries have a much higher requirement compared to sour cherries. The subdivision is expected to own more than 60% of the entire market in the next period and is expected to remain dominant for the next two years. According to the sales channel, the fresh cherry market is segmented into traditional grocery stores, modern commerce, online channels, convenience stores, and various retail formats, including direct sales. Convenience stores and traditional grocery stores are the main sales channels for fresh cherries and this situation is expected to continue to be so in the near future. Direct selling and online channels are also receiving energy in this market for fresh cherries. Dairy drinks, direct consumption, jellies, ice creams, alcoholic beverages and salads have become the main application areas for fresh cherries around the world. Of these, the use of cherries is more in pastries, cakes, jellies and jams than in other areas of application.

Impact of covid-19 on Europe Fresh Cherries Market

COVID-19 is an unrivaled global public health emergency that has affected nearly every industry, so long-term effects are expected to affect industry growth during the forecast period. Ongoing research amplifies the research framework to ensure inclusion of the underlying issues of COVID-19 and possible future pathways. The report provides insights on COVID-19 taking into account changes in consumer behavior and demand, purchasing patterns, supply chain deviation, the dynamics of current market forces, and significant government interventions. The updated study provides information, analysis, estimates and forecasts, considering the impact of COVID-19 on the market.

Regional Analysis

The market for Europe Fresh Cherries has been classified on the basis of geography to offer a clear understanding of the market. The Europe Fresh Cherries Market has been divided into United Kingdom, Germany, France, Italy, Spain and the rest of Europe. Europe is expected to register a moderate growth rate, due to the growing awareness of the health benefits of various fresh fruits and vegetables among the inhabitants of the countries of this region.

Leading Company

Leelanau Fruit Co had the largest share of the Europe Fresh Cherries Market in terms of sales revenue in 2021.

Key Players

The Europe Fresh Cherries Market is concentrated with well-established players. Key players in the Europe Fresh Cherries Market include Rainier Fruit Co., Leelanau Fruit Co., Vitin Fruits, Alacam Tarim Dell's Maraschino Cherries, The Global Green Co. Ltd., and BEL'EXPORT NV