The Apple Market is being driven by Increasing demand for superfoods
The Apple Market is expected to grow at a CAGR of 3.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 15.94 billion. The global apple market is poised for growth due to the increasing trend of urban farming in key markets such as the US, UK, and South Korea. Urban agriculture, which includes practices like vertical farming and rooftop gardening, is gaining popularity in response to limited arable land. Organic farming, a key trend in the industry, is driving interest in rooftop farming, particularly among apartment dwellers and local communities. The Honeycrisp apple variety, a dwarf and semi-dwarf cultivar, is a preferred choice for rooftop farming due to its small size, quick fruiting, and early ripening characteristics. This trend is expected to boost demand for apples during the forecast period.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
194 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.4% |
Market growth 2025-2029 |
USD 15.94 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.1 |
Key countries |
China, US, Turkey, India, Germany, UK, France, Brazil, Japan, Russia, UAE, Rest of World, China, US, Turkey, India, Germany, UK, France, Brazil, Japan, and Russia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Apple, rich in fiber, Vitamin C, and antioxidants, is a popular fresh produce choice for health-conscious individuals seeking dietary changes. With relatively low calories, apples offer numerous health benefits. Their fiber content aids digestion, while Vitamin C boosts immunity and antioxidants protect against cell damage. Apple's nutritional profile makes it a smart addition to a balanced diet.
The agricultural products and services market encompasses food and non-food segments, including horticulture, which focuses on the production and value addition of fruits, such as apples. Pre-production in apple market involves strategic decisions, including crop selection and optimal land preparation, to ensure optimal growth and yield. Apple cultivation necessitates careful consideration of factors like climate, soil type, and water availability. By investing in advanced agricultural technologies and practices, apple growers can enhance fiber content, Vitamin C levels, antioxidant properties, and reduce calorie count while maintaining ideal weight for their produce.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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