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Europe Dried Tart Cherry Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type; Nature; End Use; Distribution Channel; and Country

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    Report

  • 135 Pages
  • May 2020
  • Region: Europe
  • The Insight Partners
  • ID: 5028582
Dried Tart Cherry Market to 2027 - COVID-19 Impact and European Analysis - 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); and Country.

The dried tart cherry market was valued at US$ 88.9 million in 2018 and is projected to reach US$ 130.5 million by 2027; it is expected to grow at a CAGR of 4.4% from 2019 to 2027.

Dried tart cherry is rich in nutrients and has antioxidant and anti-inflammatory properties. It is rich in potassium, fiber, and beta carotene. Dried tart cherry has a unique sweet and tangy taste, and is used in the preparation of various food and beverage products. Dried tart cherry offers several health advantages such as supports heart health, promotes better sleep, and offer relief from pain. It is a natural source of melatonin, which helps to regulate skin cycle. Dried tart cherry is an excellent source of boron, which further supports bone health. It contains high amounts of anthocyanin, which provide anti-inflammatory properties to help in repair and maintenance of muscle tissue.

Based on nature, the European dried tart cherry market has been segmented into conventional and organic. The conventional segment held the largest share of the market in 2019; however, the organic segment is estimated to register the highest CAGR during the forecast period. The increasing awareness among the consumers is one of the key drivers for the growth of organic dried tart cherry market during the forecast period. The consumers are becoming conscious about the food products they consume. The inclination towards the consumption of natural and healthy food products among population is increasing across the globe. The companies are trying to develop innovative products using organic ingredients to attract the health-conscious consumers. Organic dried tart cherry offers various health-benefits and has applications in several end-use industries. Therefore, the demand for organic dried tart cherry is estimated to increase in various end-use industries as it fulfills the consumer's requirements.

Geographically, the European dried tart cherry market has been segmented into Russia, Turkey, Germany, Ukraine, Poland, and rest of Europe. Russia held the largest share of the European dried tart cherry market, followed by Turkey and rest of European countries. The growing focus toward health-promoting food products is one of the key factors that is boosting the dried tart cherry market. The presence of several manufacturers such as Graceland Fruit, Inc. and Cherry Central has bolstered the growth of the dried tart cherry market. Also, the consumer demand for healthy and tasty products without any compromise on taste is expected to propel the dried tart cherry market in the region. Further, the growth of bakery and confectionery, beverages, dairy and other industries is further propelling the demand for dried tart cherry in the European region.

Impact of COVID-19 Pandemic on Dried Tart Cherry Market

COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms of positive cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the dried tart cherry market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

Cherry Central, Fruit d'Or, Graceland Fruit, Inc., and Smeltzer Orchard Company, LLC, are among the major players in the European dried tart cherry market.

Overall size of the European dried tart cherry market has been derived in accordance to primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Additionally, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the European dried tart cherry market.

Reasons to Buy
  • Highlights key business priorities to assist companies realign their business strategies.
  • Features key findings and crucial progressive industry trends in the Europe dried tart cherry market, thereby allowing players to develop effective long-term strategies.
  • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
  • Scrutinizes in-depth market trends as well as key market drivers and restraints.
  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Dried Tart Cherry Market, by Product Type
1.3.2 Dried Tart Cherry Market, by Nature
1.3.3 Dried Tart Cherry Market, by End Use
1.3.4 Dried Tart Cherry Market, by Distribution Channel
1.3.5 Dried Tart Cherry Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Dried Tart Cherry Market Landscape
4.1 Market Overview
4.2 PEST Analysis - Europe
4.2.1 Europe PEST analysis
4.3 Expert Opinion
5. Dried Tart Cherry Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Health Benefits Related to the Dried Tart Cherry
5.1.2 Growing Demand of Dried Tart Cherry From Various End Use Industries
5.2 Key Market Restraints
5.2.1 Volatility in the Prices of Dried Tart Cherry
5.3 Key Market Opportunities:
5.3.1 Increase in Use of Dried Tart Cherry in Cosmetics Industry
5.4 Key Future Trends:
5.4.1 Growing Demand for Organic Form of Dried Tart Cherry
5.5 Impact Analysis
6. Dried Tart Cherry Market- Europe Market Analysis
6.1 Europe Dried Tart Cherry Market Overview
6.2 Europe Dried Tart Cherry Market Forecast And Analysis
6.3 Market Positioning - Key Market Players
7. Europe Dried Tart Cherry Market Analysis - By Product Type
7.1 Overview
7.2 Europe Dried Tart Cherry Market Breakdown, By Product Type, 2018 & 2027
7.3 Freeze Dried
7.3.1 Overview
7.3.2 Europe Freeze Dried Market Revenue Forecasts to 2027 (US$ Mn)
7.4 Sun Dried
7.4.1 Overview
7.4.2 Europe Sun Dried Market Revenue Forecasts to 2027 (US$ Mn)
7.5 Infused Dried
7.5.1 Overview
7.5.2 Europe Infused Dried Market Revenue Forecast to 2027 (US$ Mn)
7.6 Other Types
7.6.1 Overview
7.6.2 Europe Others Market Revenue Forecast to 2027 (US$ Mn)
8. Dried Tart Cherry Market Analysis - By Nature
8.1 Overview
8.2 Europe Dried Tart Cherry Market Breakdown, By Nature, 2018 & 2027
8.3 Conventional
8.3.1 Europe Conventional Market Revenue Forecast to 2027 (US$ Mn)
8.4 Organic
8.4.1 Europe Organic Market Revenue Forecast to 2027 (US$ Mn)
9. Dried Tart Cherry Market Analysis - By End Use
9.1 Overview
9.2 Europe Dried Tart Cherry Market Breakdown, By End Use, 2018 & 2027
9.3 Bakery Products
9.3.1 Europe Bakery Products Market Revenue Forecasts to 2027 (US$ Mn)
9.4 Confectionaries
9.4.1 Europe Confectionaries Market Revenue Forecast to 2027 (US$ Mn)
9.5 Dairy Products
9.5.1 Europe Dairy Products Market Revenue Forecast to 2027 (US$ Mn)
9.6 Beverages
9.6.1 Europe Beverages Market Revenue Forecasts to 2027 (US$ Mn)
9.7 Cereal and Snack Bars
9.7.1 Europe Cereal and Snack Bars Market Revenue Forecasts to 2027 (US$ Mn)
9.8 Others
9.8.1 Europe Others Market Revenue Forecasts to 2027 (US$ Mn)
10. Dried Tart Cherry Market Analysis - By Distribution Channel
10.1 Overview
10.2 Europe Dried Tart Cherry Market Breakdown, By Distribution Channel, 2018 & 2027
10.3 Supermarkets and Hypermarkets
10.3.1 Europe Supermarkets and Hypermarkets Market Revenue Forecast to 2027 (US$ Mn)
10.4 Convenience Stores
10.4.1 Europe Convenience Stores Market Revenue Forecast to 2027 (US$ Mn)
10.5 Online
10.5.1 Europe Online Market Revenue Forecasts to 2027 (US$ Mn)
10.6 Others
10.6.1 Europe Others Market Revenue Forecasts to 2027 (US$ Mn)
11. Dried Tart Cherry Market - Country Analysis
11.1 Overview
11.1.1 Europe Dried Tart Cherry Market Revenue Forecasts to 2027 (US$ Mn)
11.1.2 Europe Dried Tart Cherry Market Breakdown, by Key Countries
11.1.2.1 Germany Dried Tart Cherry Market Revenue Forecasts to 2027 (US$ Mn)
11.1.2.1.1 Germany Dried Tart Cherry Market Breakdown by Product Type
11.1.2.1.2 Germany Dried Tart Cherry Market Breakdown by Nature
11.1.2.1.3 Germany Dried Tart Cherry Market Breakdown by End Use
11.1.2.1.4 Germany Dried Tart Cherry Market Breakdown by Distribution Channel
11.1.2.2 Russia Dried Tart Cherry Market Revenue Forecasts to 2027 (US$ Mn)
11.1.2.2.1 Russia Dried Tart Cherry Market Breakdown by Product Type
11.1.2.2.2 Russia Dried Tart Cherry Market Breakdown by Nature
11.1.2.2.3 Russia Dried Tart Cherry Market Breakdown by End Use
11.1.2.2.4 Russia Dried Tart Cherry Market Breakdown by Distribution Channel
11.1.2.3 Turkey Dried Tart Cherry Market Revenue Forecasts to 2027 (US$ Mn)
11.1.2.3.1 Turkey Dried Tart Cherry Market Breakdown by Product Type
11.1.2.3.2 Turkey Dried Tart Cherry Market Breakdown by Nature
11.1.2.3.3 Turkey Dried Tart Cherry Market Breakdown by End Use
11.1.2.3.4 Turkey Dried Tart Cherry Market Breakdown by Distribution Channel
11.1.2.4 Poland Dried Tart Cherry Market Revenue Forecasts to 2027 (US$ Mn)
11.1.2.4.1 Poland Dried Tart Cherry Market Breakdown by Product Type
11.1.2.4.2 Poland Dried Tart Cherry Market Breakdown by Nature
11.1.2.4.3 Poland Dried Tart Cherry Market Breakdown by End Use
11.1.2.4.4 Poland Dried Tart Cherry Market Breakdown by Distribution Channel
11.1.2.5 Ukraine Dried Tart Cherry Market Revenue Forecasts to 2027 (US$ Mn)
11.1.2.5.1 Ukraine Dried Tart Cherry Market Breakdown by Product Type
11.1.2.5.2 Ukraine Dried Tart Cherry Market Breakdown by Nature
11.1.2.5.3 Ukraine Dried Tart Cherry Market Breakdown by End Use
11.1.2.5.4 Ukraine Dried Tart Cherry Market Breakdown by Distribution Channel
11.1.2.6 Rest of Europe Dried Tart Cherry Market Revenue Forecasts to 2027 (US$ Mn)
11.1.2.6.1 Rest of Europe Dried Tart Cherry Market Breakdown by Product Type
11.1.2.6.2 Rest of Europe Dried Tart Cherry Market Breakdown by Nature
11.1.2.6.3 Rest of Europe Dried Tart Cherry Market Breakdown by End Use
11.1.2.6.4 Rest of Europe Dried Tart Cherry Market Breakdown by Distribution Channel
12. Overview- Impact of COVID-19
13. Impact Of COVID-19 Pandemic On Europe Dried Tart Cherry Market
13.1 Europe: Impact assessment of COVID-19 Pandemic
14. Company Profiles
14.1 Cherry Central
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.2 Fruit d'Or
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.3 Graceland Fruit, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Smeltzer Orchard Company, LLC
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
15. Appendix
15.1 About the Publisher
15.2 Glossary

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Cherry Central
  • Fruit d'Or
  • Graceland Fruit, Inc.
  • Smeltzer Orchard Company, LLC