Global Kiwi Fruit Market Size Was Valued at USD 1.71 Billion In 2022 And Is Projected to Reach USD 2.53 Billion By 2030, Growing at A CAGR of 5.02% From 2023 To 2030.
Kiwi fruit is a natural fruit found mostly in the native regions of Southeast Asia. Kiwi fruits are highly nutritious as well as medicinal. The Kiwi fruit market is expected to grow rapidly in the coming years owing to its rich source of minerals such as vitamin B, vitamin C, phosphorus, calcium, potassium etc. Use of antioxidants, essential fibers and other important substances to reduce the risk of asthma in patients Widespread use in valuable products such as these, other fruits used in salad, desserts and other fruits are driving kiwifruit market growth due to its high content of Vitamin C, this fruit is perfect for strengthening the immune system in human life.
Key Players Covered In Kiwi Fruit Market:
· Zespri International
· Eastpack Limited
· Apata Group Limited
· DMS Progrowers Limited
· Riverlock
· Punchbowl
· Birchwood Packhouse Limited
· Mount Pack and Cool
· Aongatete Coolstores Limited
· Auckland Pack and Cool
· Gullino
· Seeka Kiwi fruits Limited
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Market Dynamics And Factors:
Drivers:
The main driver of the kiwifruit market is that fruits are rich in vitamins and minerals. Kiwifruit provides consumers with 117% of the daily value of vitamin C and 21% more essential dietary fiber than other citrus fruits such as lemons and oranges which are considered mineral rich fruits, can support digestive health, heart health and immunity thus increasing demand for the fruit.
Restraints:
Despite trade agreements, non-tariff barriers are growing rapidly. In August 2017, for example, New Zealand received a warning from the Chinese government, after the fungus Neofabraea actinidiae was found in kiwifruit exports.
Opportunity:
increases awareness of the nutritional and chemical properties of the kiwifruit market and the knowledge will create opportunities for the overall growth of the market and increase the demand.
Market Segments:
By Consumption:
· Direct
· Jams
· Sauces
· Ice- cream
· Salad
By Distribution Channel:
· Supermarkets/ Hypermarkets
· Convenience stores
By Nature:
· Organic
· Inorganic
By Region:
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA).
Regional Insights:
The Asia Pacific region is expected to hold the largest market share in the kiwifruit market during the forecast period. Cultivated land, organic farming and technological advancement in Asian countries such as India and China are estimated to boost the kiwifruit market in this region China is expected to have the largest share.
Europe is expected to dominate the industry in the coming years. This is due to increased consumption of organic foods and the government’s focus on agricultural inputs. Moreover, consumers in this region are increasingly aware of the new nutritional value and health benefits offered by the fruit, further fueling the rapid growth of the market
North America is estimated to grow slightly faster in the coming years. Farmers in the North American region are turning to growing healthier fruits.
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