Orange Market to increase by 31,572.55 tons from 2022 to 2027; The market share growth by the fresh segment is significant during the forecast period.- Technavio

NEW YORK, Nov. 21, 2023 /PRNewswire/ -- The orange market is expected to grow by 31,572.55 tons from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of  6.22% during the forecast period. Growing awareness and promotion of the benefits of consuming oranges are notably driving the orange market. However, factors such as fluctuations in orange prices due to unfavorable weather conditions may impede market growth. The market is segmented into product type (fresh, processed, and frozen), application (non-organic and organic), and geography (APAC, Europe, North America, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The Free sample report is available in PDF format 

Key Segment Analysis

• The market share growth by the fresh segment is significant during the forecast period. Factors such as rising health concerns and a subsequent preference for food that is healthy and nutritious fuel the growth of this segment. In addition, the regular intake of fruits, as part of an overall healthy diet, might minimize the risk of some chronic diseases, including high blood cholesterol, high blood sugar, heart diseases, issues related to the skin, and type 2 diabetes.  In addition to the these factors, the growth of the fresh segment of the global market can also be attributed to the increasing consumer incomes and demand for fresh produce. Many large vendors of fresh fruits have contracts with growers in several different production regions to ensure the supply of high-quality fresh fruits. Since consumer interest in checking the origin of their food is increasing, this factor will help in the growth of the segment over the coming years.  Hence, such factors fuel the growth of this segment which in turn drives the market growth.

To know additional highlights and key points on various market segments and their impact in coming years, View Free PDF Sample Report.

Geographical Market Analysis 

• APAC accounts for 67% of the market growth during the forecast period. The growing demand for oranges in emerging economies like India and China. Major markets in the region are China, Australia, and India contributing to the market growth in APAC. In addition, China is a significant producer and consumer of tangerine and mandarine (mandarin orange). Hence, such factors are driving the market growth in APAC during the forecast period.

Company Insights 
The orange market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:

Berje Inc., Citrosuco, Citrus World Inc., Hyatt Fruit Co., INDIAN RIVER FRUIT Co., LEMONCONCENTRATE SLU, Louis Dreyfus Co. BV, Nielsen Citrus Products Co. Inc., PACIFIC COAST FRUIT PRODUCTS Ltd., Paradise Juice Pvt. Ltd., Perricone Farms, Schacht Groves, SEQUOIA ORANGE Co. Inc., SUNRISE FRUITS COMPANY SL, The Fruit Co., Trinity Fruit Co., Tropicana Products Inc., and Zain Natural Agro India Pvt. Ltd.

• View Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

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The organic rice flour market size is projected to increase by USD 156.61 million and the market size is estimated to grow at a CAGR of 5.26% between 2023 and 2028.

The pet treats market size is projected to increase by USD 9,103.56 million and the market size is estimated to grow at a CAGR of 6.57% between 2023 and 2028.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio