Apple Market 2026, Increasing Demand For Superfoods to Boost Growth – Technavio – QNT Press Release


NEW YORK, Sept. 21, 2022 /PRNewswire/ — The apple market size is expected to grow by USD 10.12 billion during 2021-2026, at a CAGR of 2.38% during the forecast period, according to Technavio. The increasing demand for superfoods, health benefits of apple, and product launches will offer immense growth opportunities. However, frequent product recalls will challenge the growth of the market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Free Sample Report.

Apple Market Key Driver

One of the major factors influencing apple market growth is the rising demand for superfoods. Superfoods are extremely nutritious. Apples are considered one of the major superfoods because they contain a high concentration of antioxidants such as polyphenols and flavonoids, as well as fiber, potassium, and vitamin C.

These nutrients have a variety of health benefits, including improved skin and a reduction in cholesterol and diabetes. Apples, for example, are being incorporated into processed foods such as cookies, pastries, and cakes. As a result, rising global demand for processed foods is expected to drive apple demand during the forecast period. Download Free Sample Report.

Apple Market Segmentation

  • Distribution Channel
    • Offline
      • Apple’s market share in the offline segment will grow significantly. Consumers can choose from a wide variety of fresh fruits, including apples, through offline distribution channels, which makes the purchasing process easier. One of the major factors boosting apple sales through offline distribution channels will be an increase in the number of retailers offering apples under their brands.
    • Online
  • Geography
    • APAC
      • APAC will account for 44% of market growth. Turkey, Chinaand India are the most important apple markets in APAC. The market in this region will grow faster than the market in other regions. Consumers’ growing awareness of the various health benefits of apples will aid apple market growth in APAC over the forecast period.
    • Europe
    • The Middle East and Africa
    • North America
    • South America

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

Apple Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our apple market report covers the following areas:

  • Apple Market size
  • Apple Market trends
  • Apple Market industry analysis

This study identifies the growing popularity of urban farming as one of the prime reasons driving the apple market growth during the next few years.

Related Reports:

Camel Meat Market by Product and Geography – Forecast and Analysis 2022-2026: The camel meat market share is expected to increase by USD 74.5 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.26%.

Fresh Food Market by Product and Geography – Forecast and Analysis 2022-2026: The fresh food market share is expected to increase by 420.04 million tons from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.04%.

Apple Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.38%

Market growth 2022-2026

$10.12 billion

Market structure

Fragmented

YoY growth (%)

1.79

Regional analysis

APAC, Europe, Middle East and Africa, North America, and South America

Performing market contribution

APAC at 44%

Key consumer countries

US, Turkey, China, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Full story available on Benzinga.com



Source link

Recommended For You

About the Author: News Center