According to a recent market study published by Growth Market Reports, titled, “Global Pineapple Market by Type, by Source, by Varieties, by Application, by Distribution Channel, by Region: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ US$ 24,088.4 Million in 2020 and is expected to grow at a moderate growth rate of 5.7% by the year 2028.

The pineapple market has immense opportunities owing to the rise in demand for the product and increase in awareness in the consumers along with growth in the investments from private investor and companies.

On the basis of source, the global pineapple market is bifurcated into organic and conventional. On the basis of type, the global pineapple market is bifurcated into fresh and packaged. The packaged segment further bifurcated into shelf stable and frozen. In terms of Varieties, the Pineapple market is segmented into Cayenne Pineapple, Queen Pineapple, Red Spanish Pineapple, and MD2/MG3. On the basis of application, the market is classified as business-to-business (Commercial) and business-to-consumers (Individual).

The business-to-business (Commercial) segment is further divided into, bakery & snacks, beverages and drinks, and others. Based on distribution channels, global pineapple market is classified as hypermarkets/supermarkets, independent retailer, convenience store, and online sales and others. Based on regions, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The pineapple (Ananas comosus) is a tropical plant in the Bromeliaceae family that produces edible fruit. It is thought that the pineapple originated in Brazil. It spread from Brazil to other tropical parts of the world. The name ananas is derived from the Indian term nana. The wild Brazilian pineapple is likely to be its ancestor (Ananas microstachys Lindle).

Pineapples are vitamin, enzyme, and antioxidant-rich tropical fruits. They help to strengthen the immune system, produce strong bones, and relieve indigestion. Pineapples, despite their deliciousness, are low in calories. Pineapples are bromeliads, and they are the only bromeliad that produce edible fruit. The fruit is composed of numerous separate berries that cluster around a center. Each pineapple scale represents a unique flower or berry.

As per Growth Market Reports industry analyst Alok Sahu, “The spread of COVID-19 has had a negative impact on the global Pineapple market players on many fronts and outside factors, including temporary fluctuation in consumer demand and potential effects on the market from an uncertain economic perspective. The COVID-19 outbreak had a substantial impact on the market, resulting in low sales and low GDP. COVID-19 caused services of various companies around the world to come to a halt in order to slow the spread of virus.

The economy of numerous countries has been badly hit as a result of COVID-19 and purchasing power of companies is shrinking rapidly, due to slow commercial activity. The coronavirus pandemic revealed supply chain vulnerabilities and emphasized on the complexities of globalized supply chains and the importance of having a stable supply chain to nullify trade barricades.

Key players of the global Pineapples market are adopting different approaches to build robustness and resilience in supply chains, majorly through mergers & acquisitions. Rapid growth of urbanization aids in expanding construction industries, including residential and commercial projects, which is expected to boost the demand for global Pineapples in the coming years.”

The primary as well as secondary research methodology is used for keen observation and study about the Pineapple market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments.

Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves Exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

Key Takeaways from the Study

  • The players including SOL SIMPLE LLC, Agricycle Global, Inc., ArdoChiquita Brands International, Sàrl, Fyffes, Earthbound Farm, Hawaiian Crown, Siam Pineapple, V & K Pineapple Canning Co., Ltd, SunOpta, Wawona Frozen Foods, Winz International Ltd, Dole Food Company, Inc., Fresh Del Monte Produce Inc., Del Monte Pacific Limited. hold a major market share of Global Pineapple Market in year 2020.
  • In terms of source, the conventional segment type segment accounted for substantial share of the market in 2020 and is expected to expand at a substantial CAGR during the forecast period.
  • In terms of type, the fresh segment held significant share of the market in 2020 owing to the increasing consumption of natural fruit.

Report Scope

Report Metric

Details

Market Value in 2020

US$ 24,088.4 Million

Market Growth Rate (from 2020 to 2027)

5.7%

Historical Data

2018, & 2019

Base Year

2020

Forecast Period

2021 - 2028

Units Considered

Value (US$ Million)

Market Segments

by Types, by Source, by Varieties, by Applications, by Distribution Channels, by Region

Key Companies Profiled

SOL SIMPLE LLC, Agricycle Global, Inc., ArdoChiquita Brands International, Sàrl, Fyffes, Earthbound Farm, Hawaiian Crown, Siam Pineapple, V & K Pineapple Canning Co., Ltd, SunOpta, Wawona Frozen Foods, Winz International Ltd, Dole Food Company, Inc., Fresh Del Monte Produce Inc., Del Monte Pacific Limited

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturers, raw material providers, suppliers and distributors
  • Demand Side: Academic & Research Institutes, Government, Food processing industries
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: Food Safety and Standards (Packaging and Labelling), U.S Food and Drug, United Nations Economic Commission for Europe (UNECE).