The orange market size was valued at USD 3.7 billion in 2023 and is expected to reach the market size of USD 5.6 billion by 2032, at a CAGR of 4.7%.
FORT COLLINS, Colo., April 22, 2024 (Globe Newswire) —
Consumer awareness towards health benefits is expected to drive market growth.
The global market for oranges is expanding significantly, driven by increasing consumer awareness of the health benefits of citrus fruits. Oranges are known to be rich in vitamin C, folic acid, and dietary fiber, making them popular among health-conscious consumers. According to the United States Department of Agriculture (USDA), world orange production is projected to reach 48.8 million tons by 2024. The market will continue to expand due to increasing demand for orange-derived products such as orange juice, marmalade, and essential oils. For the next few years.
Technological advances in orange cultivation and post-harvest processing are playing a vital role in driving market expansion. Precision farming techniques such as drip irrigation and fertilization have improved crop yields and quality. Additionally, packaging innovations such as modified atmosphere packaging (MAP) and active packaging have extended the shelf life of oranges, making them easier to transport and extend storage time. Collectively, these advances contribute to overall growth and sustainability. The global orange market.
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Segmentation overview:
The orange market is segmented into type, application, and region.
Sweet oranges held a significant share of the orange market.
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The orange market is categorized by type into sweet oranges, navel oranges, blood oranges, and red oranges. Sweet orange type occupies a significant share in the type segment of the orange market. Sweet his oranges, including varieties such as Valencia and Hamlin, are widely consumed because of their appealing taste, versatility (eating raw, juiced, cooked), and year-round availability. Sweet orange’s popularity and worldwide cultivation contribute to its dominant market share.
Due to the popularity of orange juice, the juice sector is expected to grow throughout the year in the global market.
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Based on usage, the orange market is segmented into juice, powder, and concentrate. The juice segment holds a significant share of the application segment of the orange market. Orange juice is in high demand as a popular beverage choice among consumers around the world, with its recognized health benefits and convenience contributing to its dominant market share.
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Orange Market Report Highlights:
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Prominent players in the market report include Tropicana Products Inc., The Coca-Cola Company, PepsiCo Inc., Florida’s Natural Growers, Citrus World Inc., Vita-Pakt Citrus Products Co., Lochhead Manufacturing Company, Eckes-Granini Group GmbH , Citrosuco, Sucocitrico Cutrale Ltda., Constellation Brands Inc., Döhler GmbH and others.
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