CHERRY SEED MARKET ANALYSIS (2020-2027)
Cherry is a fruit that grows on a tree or a bush. It belongs to the genus Prunus family. A cherry seed consists of oleic acids, tocopherol, unsaturated fatty acids, α-tocopherol, and tocotrienols. These seeds contain various bioactive structures such as vegetable acids, flavonoids, polyphenols, and pro- and antho-cyanidins which help in the prevention of various vascular diseases.
Market Dynamics
The increasing awareness regarding health benefits of cherry seed on hair and skin such as finer complexions, and skin hydration. This is fueling demand for cherry seeds from consumers across the world, and thus propel the growth of the cherry seed market.
On the basis of form, the cherry seed oil segment is expected to drive the market growth due to growing demand for cherry seed oil in aromatherapy as a massaging oil. This is in turn is fueling the demand for the cherry seeds across the globe. Moreover, the application of cherry seed oil in personal care products and cosmetics such as lip care and body care is expected to drive growth of the cherry seed market during the forecast period.
On the basis of seed type, the organic seed segment is expected to drive the growth of the global cherry seed market owing to the increasing consumer preference for organic and natural products across the world.
However, the high cost of the cherry seeds is expected to hamper the growth of the global cherry seed market over the forecast period.
Among regions, Asia Pacific is expected to gain a significant market share of the global cherry seed market as a result of the growing production of cherries in the region. According to the United States Department of Agriculture, in 2017, U.S. exported sweet and tart cherries which were valued US$ 679 million. Processed cherries were valued at US$ 20 million and fresh cherries were valued US$ 659 million.
Key Players
Key players operating in the global cherry seed market are Cherry Farms Company, Sancak IC Ve Dis Ticaret Limited Sirketi, Cekirdek Tarim ve Gida San. Tic. Ltd. Sti, Quality Seeds 4 Less, Habay Gida, and Shanghai Fairy Valley Industrial.
Market Taxonomy:
On the basis of product type, the global cherry seed market is segmented into:
- Chinese Cherry Seed
- Hairy Cherry Seed
- Sweet European Seed
On the basis of seed type, the global cherry seed market is segmented into:
- Organic Seed
- Inorganic Seed
On the basis of form, the global cherry seed market is segmented into:
- Cherry Seed Oil
- Cherry Seed Powder
On the basis of application, the global cherry seed market is segmented into:
- Agri-industrial
- Seed Retail
- Online Retail
- Others
On the basis of region, the global cherry seed market is segmented into:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia Pacific
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
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