December 06, 2019
According to the research report titled ‘Dried Tart Cherry Market to 2027 - Global Analysis and Forecasts by Product Type (Freeze Dried, Sun Dried, Infused Dried, Others); Nature (Conventional, Organic); End Use (Bakery Products, Confectionaries, Dairy Products, Beverages, Cereal and Snack Bars, Others); Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Online, Others)’ available at MarketStudyReport.com, the global dried tart cherry market was reckoned to be at US $211.8 million in 2018 and is estimated to grow with a CAGR of 4.5%, hence accounting for US $313 million by the year 2027.
For the record, dried tart cherries are nutritious products having anti-inflammatory and antioxidant properties. While they are prominently used as flavor enhancers in food and beverage industry, dried tart cherries are also be utilized by pharmaceutical and healthcare companies as they are a natural source of melatonin, boron and anthocyanin.
Growing demand for dried tart cherry across various end-use industries, coupled with surging consumer inclination towards tart cherry capsules and syrups is driving the growth of dried tart cherry market for the forecast period. Rising healthcare awareness, and shifting preference for healthy snacking products among consumers are also aiding the market outlook.
As per product type, dried tart cherry market is categorized into sun dried, freeze dried, infused dried, and others, whereas in terms of nature of product, the market is classified into organic and conventional.
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On the basis of end-user spectrum, the industry is bifurcated into confectionaries, bakery products, beverages, dairy products, snack bars & cereals, and others. The bakery segment is presumed to maintain its dominance in dried tart cherry market over the forecast period, owing to deep red color and sour taste along with health benefits of the product. Based on distribution channel, the market is fragmented into convenience stores, hypermarkets & supermarkets, online and other channels.
The key players in the global dried tart cherry market are CherryActive Australia, Cherry Central, Cherryvite Ltd., Fruit d’Or, Enko Meyve Ltd. STI., Graceland Fruit, Inc., Royal Ridge Fruits, Payson Fruit Growers, Smeltzer Orchard Company LLC, and Shoreline Fruit.
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