APPLE MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 


Apple Market Analysis:

The estimated size of the Fresh Apple Market is USD 99.06 billion in 2023, with an expected growth to USD 109.37 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 2% during the forecast period (2023–2028).

Apple, an edible fruit grown worldwide, is a highly nutritious fruit rich in fiber, Vitamin C, and antioxidants, with low calories. Its low calorie and fat content make it a preferred choice for weight reduction and maintaining good health, as recommended by health specialists.

In recent years, the Fresh Apple Market has experienced significant growth, driven by the increasing demand for fresh produce in emerging and developing nations worldwide. The global market is witnessing growth due to the increasing health benefits offered by fresh apples, the development of new hybrid varieties, rising contract farming, and other such factors.

China is the largest consumer of fresh apples in the global market, followed by the European Union, the United States, and other countries. The gradual increase in income and health consciousness among the population, dietary changes, marketing innovations, and improvements in cold-chain logistics are driving fresh apple consumption in China. Furthermore, 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.

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