Store - Tropical And Subtropical Fruits

The global tropical fruits industry

The demand for tropical fruits is driven by the growing health consciousness among consumers and the increasing preference for exotic fruits. Tropical fruits are rich in vitamins, minerals, and antioxidants, which offer several health benefits such as improved immunity, reduced risk of chronic diseases, and better skin health. In addition, these fruits have a distinct taste and flavor that make them more appealing to consumers.

With the rapid expansion of the global economy and the rising disposable incomes of consumers in emerging markets, the demand for tropical fruits is expected to continue growing at a strong pace in the coming years.

The North American tropical fruits industry

The North American tropical fruits industry is forecast to grow at a CAGR of 5.4% during the period 2022-2030. The market for tropical fruits in North America is driven by factors such as the increasing demand for healthy and exotic fruits, the growing preference for plant-based diets, and the increasing popularity of acai berries and dragon fruit.

However, the high cost of tropical fruits, limited availability, and lack of awareness about the health benefits of these fruits are some of the major challenges faced by the industry.

Some of the major companies operating in this market are Dole Food Company Inc., Fyffes plc., Chiquita Brands International Inc., Del Monte Foods Inc., Sunkist Growers Inc., and United Fruit & Vegetable Co.

The European tropical fruits industry

The European tropical fruits industry comprises two main types of fruit, citrus and non-citrus. The former includes oranges, lemons, grapefruits, and tangerines, while the latter encompasses mangoes, pineapples, avocados, and bananas. In terms of production volume, citrus fruits account for the majority of the total output in the European tropical fruits market.

Spain is the leading producer of citrus fruits in Europe, followed by Italy and Greece. The country’s warm climate is favorable for the growth of these fruits. Moreover, Spain has a large area under cultivation for citrus fruits. Italy is another major producer of citrus fruits in Europe and accounts for a significant share in the overall output. The country has a long tradition of producing these fruits.

Greece is another key player in the European tropical fruits market. The country has favorable climatic conditions for cultivation as well as a large land area available for production. Furthermore, Greece has a rich history of producing various types of fruit including oranges, lemons, and grapefruits.

The production of non-citrus fruits such as mangoes, pineapples, avocados, and bananas is concentrated in a few countries including Spain, Portugal, and Greece. These countries have a warm climate that is conducive for the growth of these fruits. Moreover, they have large areas under cultivation for these crops.

In terms of consumption, citrus fruits are the most popular type of tropical fruit in Europe. Orange is the most consumed citrus fruit followed by lemon and grapefruit. The popularity of these fruits is attributed to their nutritional value as well as their refreshing taste.

Mangoes, pineapples, avocados, and bananas are the other popular types of tropical fruits consumed in Europe. These fruits are rich in vitamins and minerals and offer a wide range of health benefits. Furthermore, they have a unique taste that makes them popular among consumers.

The European tropical fruits industry is expected to witness significant growth in the coming years due to the rising health consciousness among consumers and the increasing demand for healthy snacks. In addition, the growing tourism industry in Europe is likely to boost the demand for these fruits as they are an integral part of many traditional dishes served in this region.

The Asia-Pacific tropical fruits industry

The Asia-Pacific region is the world’s largest producer and exporter of tropical fruits, accounting for more than 60% of global production. The industry is dominated by a few countries, with Thailand, the Philippines, and Vietnam being the major players.

The demand for tropical fruits in the Asia-Pacific region has been growing at a rapid pace over the last few years. This can be attributed to the changing lifestyle of people in the region and their increasing disposable incomes. The health benefits associated with these fruits are also driving the demand.

The future of the Asia-Pacific tropical fruit industry looks bright as the demand is expected to continue to grow at a steady pace. However, there are some challenges that need to be addressed such as the lack of uniform quality standards and pests and diseases.

Latin American and the Caribbean tropical fruits industry

The Latin American and Caribbean tropical fruits industry is one of the most important agricultural sectors in the region.

The tropical fruits sector comprises a large number of small-scale producers, who account for the majority of production. The top five producing countries in the region are Brazil, Colombia, Ecuador, Peru, and Venezuela. These five countries accounted for an estimated 85% of total production.

Brazil is the largest producer and exporter of tropical fruits in the world, with a production value of US$2.7 billion. The country is expected to maintain its leading position throughout the forecast period, with a CAGR of 3.3%. Colombia is the second-largest producer in the region, with a production value of US$1 billion. The country is expected to see strong growth over the forecast period, with a CAGR of 4.8%.

Ecuador is the third-largest producer of tropical fruits in Latin America and the Caribbean, with a production value of US$0.7 billion. The country is expected to see moderate growth over the forecast period, with a CAGR of 2.9%. Peru is the fourth-largest producer in the region, with a production value of US$0.6 billion. The country is expected to see strong growth over the forecast period, with a CAGR of 4.4%.

Venezuela is the fifth-largest producer of tropical fruits in Latin America and the Caribbean, with a production value of US$0.5 billion. The country is expected to see moderate growth over the forecast period, with a CAGR of 2.6%.

Middle East & Africa's tropical fruits industry

The tropical fruits industry in the Middle East and Africa is forecast to grow at a CAGR of 5.5% during the period.

The region's tropical fruits industry is expected to be driven by factors such as the growing demand for healthy and exotic fruits, the expanding middle-class population, and the increasing awareness of the health benefits of consuming tropical fruits. In addition, the introduction of new technologies and innovations in the cultivation and production of tropical fruits is expected to further boost the growth of this industry in the coming years.

Some of the key players operating in this market include Dole Food Company, Chiquita Brands International, Fyffes plc, Fresh Del Monte Produce Inc., and Gulfood Manufacturing.