Apple Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 101.04 Billion |
| Market Size (2029) | USD 111.56 Billion |
| CAGR (2024 - 2029) | 2.00 % |
| Fastest Growing Market | South America |
| Largest Market | Asia-Pacific |
Apple Market Analysis
The Fresh Apple Market size is estimated at USD 101.04 billion in 2024, and is expected to reach USD 111.56 billion by 2029, growing at a CAGR of 2% during the forecast period (2024-2029).
- Apple is an edible fruit that is grown throughout the world. It is a nutritious fruit that is rich in fiber, Vitamin C, and antioxidants with low calories. The low calories and fat content will help to reduce weight and keep healthy; hence they are preferred by most people and recommended by health specialists.
- Over the recent years, the fresh apple market has witnessed considerable growth on the back of increasing demand for fresh produce in emerging and developing nations across the world. Due to the increasing health benefits offered by them, the development of new hybrid varieties, rising contract farming, and other such factors, the global market is seeing growth.
- China is the largest consumer of fresh apples in the global market, followed by the European Union, the United States, and other countries. Fresh apple consumption in China is driven by a gradual increase in income and health consciousness among the population, dietary changes, marketing innovations, and improvements in cold-chain logistics. Additionally, developments in e-commerce, chain fruit stores, and We-chat merchandising have made fruit consumption more accessible and convenient, thereby, increasing the consumption value in third and fourth-tier cities in China.
Apple Market Trends
This section covers the major market trends shaping the Fresh Apple Market according to our research experts:
Increasing Demand for Organic Apples
The demand for organic apples is gaining traction among consumers across the globe, bolstered by consumers' growing concern for health and wellness. For instance, according to the US Department of Agriculture, per capita consumption of fresh apples in the United States in 2020 is 17.59 pounds which have increased from 16.8 pounds in 2019. In comparison with other fruits and conventionally grown apples, organic apples are naturally lower in sugar and higher in fiber. Therefore, this fruit is witnessing immense demand from global consumers, especially in the United States, Canada, and the European region. According to the USDA Foreign Agricultural Service, in the marketing year of 2020/21, the volume of organic apples imported to Canada accounted for approximately 14,510 metric tons an increase of 3,500 metric tons compared to 2019 which accounted for 11,460 metric tons.
The higher-income groups in these regions are even willing to pay additional amounts, with an aim to safeguard their health conditions. While US acreage and production of apples have declined in recent years, consumer demand has spurred a fast-growing organic apple sector. According to Ag Marketing Resource Center, in 2021, apples managed under certified organic farming systems accounted for about 7% of total US apple acreage. While conventional apple yields tend to be higher than organic yields, organic apples commanded a price premium at every level of farm-gate, wholesale, and retail of the supply chain. Despite the drop in total apple production over the last decade, the United States apple sector has seen fast-growing demand for new varieties of apples and for organically produced apples that garner price premiums.
Asia-Pacific Leads Apple Consumption
Asia-Pacific leads the global consumption of fresh apples, with a share of 62% of the global market. The rise in consumption as well as the increased strength of distribution channels in the region is one of the major drivers for market growth. China is the largest producer of apples in the world. Apples are the most popular fruit consumed in China. China remains the largest apple-consuming country worldwide, with a consumption rate of 40 million metric ton, which comprises approximately 48% of the total volume. Moreover, apple consumption in China exceeded the consumption recorded by the United States by tenfold. China was the second-largest consumer, with 4 million ton of apple consumption.
Along with this, in 2019, South Korea's per capita consumption increased by 12% due to the increased domestic supply and consumers' high preference for apple fruit due to various health benefits over other domestically grown fruits. According to the Ministry of Agriculture, Food, and Rural Affairs (MAFRA), in 2019, the per capita consumption of apples in South Korea is 10.3 kilograms, which is the second highest after citrus. In addition to this, India is also one of the most potential markets for apples as the health consciousness among consumers in the country is increasing at a faster pace. For instance, Indians have developed a taste for fresh apples during the pandemic, which has resulted in a sharp increase in the import of fresh apples in the first 9 months of the current fiscal year 2022. Imports of apples during April- December have more than doubled from a year earlier and were also 14% higher from the whole of fiscal 2020 when there were Covid-related restrictions on the movement of goods.
Apple Market News
- May 2022: Fruitcraft signed a license agreement with Chelan Fruit and Gebbers Farms in the United States to produce and market the Dazzle apple variety launched by Fruit craft in New Zealand. This agreement made the United States the only country to grow the variety outside New Zealand.
- April 2022: IG International, one of India's major fresh fruit exporters, established a collaborative venture with Engin Tarim, Europe's largest one-piece apple maker. The venture aims to produce 50,000 tonnes of the best-of-breed apples in five varieties in the coming three years. These apples are grown in Himachal Pradesh and Uttarakhand.
- March 2022: A new apple variety HRMN-99 was developed by a farmer from Himachal Pradesh. The variety can grow in plain, tropical, and subtropical areas and does not require chilling hours for flowering and fruit sets.
Apple Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Supply Chain/Value Chain Analysis
5. MARKET SEGMENTATION (Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Market Analysis by Value and Volume, Export Market Analysis by Value and Volume and Price Trend Analysis)
5.1 Geography
5.1.1 North America
5.1.1.1 United States
5.1.1.2 Canada
5.1.1.3 Mexico
5.1.2 Europe
5.1.2.1 Germany
5.1.2.2 United Kingdom
5.1.2.3 Poland
5.1.2.4 Italy
5.1.2.5 France
5.1.2.6 Turkey
5.1.3 Asia-Pacific
5.1.3.1 China
5.1.3.2 South Korea
5.1.3.3 Japan
5.1.3.4 India
5.1.4 South America
5.1.4.1 Brazil
5.1.4.2 Argentina
5.1.4.3 Chile
5.1.5 Middle East and Africa
5.1.5.1 South Africa
5.1.5.2 Egypt
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Apple Industry Segmentation
An apple is an edible fruit produced by an apple tree. The report on the fresh apple market (henceforth, referred to as the market studied) offers key insights into the latest market developments. It analyzes the recent trends, drivers, and challenges affecting the fresh apple market across the world.
The Fresh Apple Market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa). The report offers Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price trend analysis. The report offers market size and forecast in terms of value (USD Million) and volume (Metric Ton) for the above-mentioned segments.
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Apple Market Research FAQs
How big is the Fresh Apple Market?
The Fresh Apple Market size is expected to reach USD 101.04 billion in 2024 and grow at a CAGR of 2% to reach USD 111.56 billion by 2029.
What is the current Fresh Apple Market size?
In 2024, the Fresh Apple Market size is expected to reach USD 101.04 billion.
Which is the fastest growing region in Fresh Apple Market?
South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fresh Apple Market?
In 2024, the Asia-Pacific accounts for the largest market share in Fresh Apple Market.
What years does this Fresh Apple Market cover, and what was the market size in 2023?
In 2023, the Fresh Apple Market size was estimated at USD 99.06 billion. The report covers the Fresh Apple Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fresh Apple Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Apple Industry Report
Statistics for the 2024 Apple market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Apple analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
