Fresh Apple Market

Fresh Apple Market Size, and Forecast (2023 - 2028):

The Fresh Apple Market is expected at USD xx. xx million in 2022 and is anticipated to the extent an over of USD xx. xx million by the end of the assessment period. The Fresh Apple Market is estimated to experience reasonable growth to record a CAGR of 4.0% throughout the estimated period (2023 - 2028).

An apple is an edible fruit produced by an apple tree (Malus Domestica). Apple trees are grown throughout the world and are the most widely cultivated species of the genus Malus. The tree is native to Central Asia, where its wild ancestor, Malus sieversii, is still found today. Apples have been grown for thousands of years in Asia and Europe and were brought to North America by European settlers. Apples have religious and mythological significance in many cultures, including the Nordic, Greek, and European Christian tradition. Apple trees are great when grown from seed. Generally, apple cultivars are propagated by rootstock grafting, which controls the size of the resulting tree.

There are more than 7,500 known apple cultivars, providing a range of desired characteristics. Different cultivars are selected for different tastes and uses, including cooking, raw consumption, and cider production. Trees and fruits are subject to a number of fungal, bacterial, and pest problems, which can be controlled by various biological and non-organic means. In 2010, the fruit's genome was sequenced as part of research on disease control and selective breeding in apple production. 

Impact of covid-19 on Fresh Apple Market:

The outbreak of the coronavirus disease (COVID-19) acted as a massive strain on the ice cream and frozen dessert manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and slowing consumption due to the blockades imposed by governments around the world. The coronavirus epidemic has spread throughout the world and disrupted the global economy by shutting down industries. Most countries are taking lockdown measures to control the spread of the virus and ensure public health. All commercial and production activities come to a complete halt except for essential services such as the food and medical sectors, leading to an economic crisis. Manufacturing and production ceased, leading to a decline in business. Idle trade and transportation have disrupted the supply chain.

Recent Developments:

• Apple doesn't always tell the world when it buys another business, but in reality, it quietly traps startups all the time. Over the weekend, CEO Tim Cook told CNBC that Apple is buying a new business every two to three weeks on average and has bought between 20 and 25 companies in the last six months alone.
• Apple acquired Xnor.ai, a Seattle-based startup specializing in low-power edge-based artificial intelligence tools, sources familiar with the deal told GeekWire. The acquisition echoes Apple's high-profile purchase of Seattle-based startup AI Turi in 2016. Speaking on condition of anonymity, sources said Apple paid an amount similar to what it paid for Turi, on the order of $ 200 million. The fix suggests that Xnor's AI-enabled image recognition tools may become standard features on future iPhones and webcams.
• GrubMarket announced today that it had completed the acquisition of Leo's Apples Inc, a recognized and established supplier of a wide range of fresh fruits, with a long-standing customer base in the metropolitan and suburban areas of the Mid-Atlantic and New England. New York-based Leo's Apples was founded in 1991 by Leo Rotstein. It partners directly with growers in the Mid-Atlantic and New England and the West Coast to provide high-quality fruit.
• Apple has confirmed that it has acquired British imaging technology company Spectral Edge for an undisclosed amount. As we reported yesterday, all of the Spectral Edge directors had resigned to be replaced by a California-based Apple Legal Eagle. The tech industry in the United States confirmed our story today but declined to reveal details about how much was paid for Spectral Edge or its plans for the future.
• Dialog Semiconductor said it completed the previously announced transaction with Apple to license its Power Management Integrated Circuit (PMIC) technologies and transfer assets to Apple. This involves the transition of more than 300 Dialog employees to Apple employees, becoming part of Apple's hardware technology team under Johny Srouji. The dialog will receive a total of $ 600 million, including $ 300 million in cash from Apple for the transaction and a prepayment of $ 300 million for Dialog products to be delivered over the next three years.

Drivers and Restraints of Fresh Apple Market:

The increase in the population that chooses healthy foods is driving the growth of the fresh apple market globally. Increased consumer awareness of healthy foods and changes in their eating habits are driving the consumption of organic fruits, which is driving the growth of the market. The easy availability of fresh apples and the myriad benefits are the key factors increasing its consumption among health-conscious consumers. Consumers prefer to eat fresh apples rather than drink their juice because whole fruit contains more fiber than its juice, which has driven demand for fresh apples. The increase in the number of health-conscious consumers around the world has increased the consumption of healthy foods in their daily routine, which has encouraged market players to launch something healthy and convenient to keep them healthy and fit, for which they released fresh produce. Fruit Juices with Advanced Tetra Packaging for consumers with a busy routine who cannot allow time to eat fruit instead, they can easily obtain healthy and nutritious fruit juices that can replace whole fruit to some extent.

REPORT COVERAGE:

Fresh Apple Market Segmentation:

Fresh Apple Market – By Type:

• Red

• Green
• and Others

Fresh Apple Market – By Transaction:

• Online
• Offline
• Others

Fresh Apple Market – By Distributions:

• Food & Beverages
• Others

Regional Analysis:

Asia-Pacific leads the world consumption of fresh apples, with a 62% share of the world market. China is the world's largest apple producer. Apples are the most consumed fruit in China. China remains the world's largest apple consumer, with a consumption rate of 40 million metric tons, which is about 48% of the total volume. In addition, the consumption of apples in China has increased tenfold compared to the figures recorded by the United States. China was the second-largest consumer, with 4 million tons of apples. In 2019, South Korea's per capita consumption increased 12% due to increased domestic supply and high consumer preference for apples due to various health benefits over other domestic fruits. According to the Ministry of Agriculture, Food and Rural Affairs (MAFRA), in 2019, the consumption of apples per capita is 10.3 kg, the second-highest after citrus.

Leading Company:

Auvil Fruit Co. had the largest share of the Fresh Apple Market in terms of sales revenue in 2021.

Key Players:

The Fresh Apple Market is concentrated with well-established players. Key players in the Fresh Apple Market include Washington Fruit & Produce Co., Auvil Fruit Co. Inc., Symms Fruit Ranch Inc., Stemilt Growers LLC, Jewel Apple Ltd., Gilbert Orchards, Gebbers Farms, Fruit Hill Orchard, Evans Fruit Co., and Borton & Sons.