Global Pineapple Market Growth, Trends and Forecasts 2022-2027: Asia Leads Pineapple Consumption and Production - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Pineapple Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The pineapple market is projected to register a CAGR of 3% during the forecast period 2022-2027.

Due to the pandemic, pineapple production decreased in terms of production, trade, and consumption compared to the previous year. A huge shortage of sufficient labor, logistics breakdown, and disruptions in the value chain occurred due to lockdowns in many countries.

Over the years, the production of pineapple at a global level has been increasing, with a slight dip in 2020 due to COVID-19. On the other hand, the area under pineapple production has been continuously decreasing since 2018 and was further affected by the pandemic.

The demand for pineapples in Europe has been growing in recent years, and it relies on many tropical countries to meet the demand. Costa Rica and the Philippines are the main exporters of the fruit in the world, while the United States and the Netherlands are the top importers of pineapple.

Key Market Trends

Increasing Demand for Fresh Fruit

The demand for fresh fruit is increasing, especially in Europe and North America, due to consumers' growing concerns over health and wellness and a shift toward vegan foods. Due to a lack of sufficient human resources in agriculture production, the countries are heavily relying on imports to meet the demand. The tropical fruits have a stable demand across the year, and it is met with imports from countries like Costa Rica and the Philippines. Europe and North America alone constitute over 50% of the total world's imports. In addition, the demand for organic fruits is rising after the onset of COVID-19, and there is an increasing effort to grow locally. The pineapple demand took a slight dip after the COVID-19 pandemic, but it is expected to regain due to the lifting of restrictions in many countries.

Asia Leads Pineapple Consumption and Production

Asia is the largest region in the world both in terms of production and consumption. This is due to large local consumption and the highest area under pineapple production. The Philippines is the top producer in the region, followed by Indonesia and India. China imported USD 172 million worth of pineapples in 2020 to meet its consumption demand. Much of these imports are from its neighboring countries like the Philippines and Chinese Taipei. Pineapple is consumed directly as a fresh fruit and is now increasingly utilized in beverages in the Asian region. Despite the rising demand, the area under production has been falling over the last four years since 2018, and it is expected to fall further.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Value Chain/Supply Chain Analysis

5 MARKET SEGMENTATION (Production Analysis, Consumption Analysis, Import Market Analysis by Value and Volume, Export Market Analysis by Value and Volume, and Price Trend Analysis)

5.1 Geography

5.1.1 North America

5.1.1.1 United States

5.1.1.2 Costa Rica

5.1.1.3 Mexico

5.1.1.4 Rest of North America

5.1.2 Europe

5.1.2.1 Germany

5.1.2.2 United Kingdom

5.1.2.3 France

5.1.2.4 Russia

5.1.2.5 Spain

5.1.2.6 Rest of Europe

5.1.3 Asia

5.1.3.1 India

5.1.3.2 Indonesia

5.1.3.3 Philippines

5.1.3.4 Rest of Asia

5.1.4 South America

5.1.4.1 Brazil

5.1.4.2 Argentina

5.1.5 Middle-East and Africa

5.1.5.1 Nigeria

5.1.5.2 South Africa

5.1.5.3 Rest of Middle-East and Africa

6 MARKET OPPORTUNITIES AND FUTURE TRENDS

7 THE COVID-19 IMPACT ON THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/qxes1n

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