Orange Market -Analysis, Size & Forecast, 2023-2027

The forecasted orange market reveals growth potential driven by health awareness, dominance of non-organic segments, and significant contributions from regions like APAC, while Brazil remains a key player in the global juice production industry.

Originally published by Technavio. The forecasted orange market anticipates a growth of 31,572.55 thousand tons from 2022 to 2027, with a Compound Annual Growth Rate (CAGR) of 6.22%. Brazil led the market in 2017 with an annual share of 19,939.71 thousand tons. The market trends and analysis report provide insights into industry forecasts and segmentation based on application, including Non-organic and Organic categories. Geographically, the report covers APAC, Europe, North America, South America, and the Middle East and Africa, presenting historical data (2017-2027) and future forecasts in terms of value (in thousand tons) across these segments.

The growing awareness of health benefits associated with oranges, fueled by their antioxidant content, is a major driver for market growth. As consumers increasingly demand antioxidants in various food and beverage products like energy drinks, bars, and powders, oranges witness high demand. Moreover, oranges' nutritional value and low-calorie content contribute to their popularity, aligning with global initiatives advocating for increased consumption of fruits and vegetables to prevent diseases like cardiovascular diseases and certain cancers.

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In the market segment trends, the Non-Organic segment dominates, accounting for 68,389.29 thousand tons in 2017. This dominance stems from conventional farming practices involving artificial chemicals, fertilizers, and pesticides to enhance yield and protect crops. APAC emerges as a significant contributor to global market growth, particularly due to rising demand in emerging economies like India and China. China, for instance, leads both in production and consumption of tangerines and mandarins, while India ranks among the top citrus fruit producers. Factors like evolving packaging approaches and improved postharvest treatments in China are expected to drive regional market growth.

The orange market's competitive landscape is fragmented, with key players such as Berje Inc., Citrosuco, and Citrus World Inc. dominating. Detailed analyses of competitive dynamics and information on 15 market companies are provided, including PACIFIC COAST FRUIT PRODUCTS Ltd. and Tropicana Products Inc. The market dynamics are shaped by various factors, including weather conditions, environmental influences, and global trade dynamics, with significant players like Brazil contributing to the thriving juice production industry.

 

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