Table Grape Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Variety (Seeded Table Grapes, Seedless Table Grapes), And By Geography - Forecasts From 2022 To 2027
- Published : Jul 2023
- Report Code : KSI061613054
- Pages : 146
The table grape market is projected to witness a CAGR of 7.67% over the forecast period of 2020-2027.
Rising awareness regarding the benefits of consuming various healthy and sustainable fruits is further boosting the consumption of table grapes, thus positively impacting the growth of the table grape market. Furthermore, technological advancements with respect to storage and controlling the decaying and water loss of grapes are also supporting the growth of the table grapes market. Most of the table grapes are sold for fresh consumption and as raisins. China is one of the major contributors to the growth of world production, followed by India and Turkey. Countries like South Africa and Peru emerged as new players in the table grape trade market which are contributing to the market expansion and growth. Table grape yields depend greatly on cultivation and climatic conditions can also vary from one variety to another. Compared to other grapes like wine, table grapes usually have larger berries and firmer pulp, and the with the presence of aromatic compounds table grapes are mostly preferred for consumption.
Rising awareness regarding the benefits of consuming various healthy and sustainable fruits is expected to boost the market.
The rising penetration of consuming various healthy and sustainable fruits makes companies to focus on addressing such trends through the supply of products with characteristics for which consumers are ready to pay an extra price which also significantly contributes to the overall market growth. Table grapes could be considered a product with functional characteristics since offering a wealth of health benefits due to their high nutrient and antioxidant contents. The table grape is a functional fruit rich in vitamins, minerals and antioxidants which brings high amounts of simple carbohydrates by raising the glycemic index. Thus, table grapes are suitable mostly preferred for consumption.
The consumption of table grapes worldwide is increasing. A recent study conducted states that table fruit will remain one of the world’s main exported fruits. For instance, according to Peru's table grape association, Peru exported 64 million boxes of table grapes in the 2021-22 season, recording an export volume increase of 30 percent compared to the boxes sent during the previous season. The rising awareness related to health and regarding the benefits of table grapes will continue to fuel the market demand.
Major developments by key players like Delano Farms Company, SNFL Group, Grapa Varieties Ltd., AGRIMESSINA S.R.L, Sun World International (Sun World), LLC, Sat Moyca, INGLEBY FARMS & FORESTS, International Fruit Genetics, Four Star Fruit, Sun Pacific will also propel market demand in the world in the coming years. For instance, Grapa Varieties is the first table grape breeding company to enter into India have partnered with Jupiter Group, giving them exclusive licensing of ARRA varieties in India.
- June 2022: headquartered in Delano, CA, Sunview has been busy working on new grape brands by building off the successful California Classic campaign and introducing a fresh California-grown strawberry-flavored grape and a new brand to be unveiled soon.
- September 2022: IG International, India’s fresh fruit importers, has joined hands with Special New Fruit Licensing, SNFL Group, table grape R&D companies, to plant world-class grape varieties in India. The initial plan is to start with 40 acres of land area and significantly reach 100 acres of land by 2023.
- March 2020: New ARRA table grape varieties were launched in California with some other grape varieties launched later in the month of August.
The COVID-19 pandemic had a negative impact on the global table grapes market. Reduced labor availability during the COVID-19 pandemic had reduced production impacting the shipments of table grapes. Increased shortage of shipping container availability with high transportation costs leads to lower exports. For example, in Australia COVID-19 pandemic contributed to lower exports in the year 2020/21 by 120,500 MT and is expected to constrain exports in the year 2021/22 (forecast at 130,000 MT, as both volumes significantly down from the export record of 152,500 MT in the year 2019/20.
Table Grape Market Scope:
|Growth Rate||CAGR of 7.67% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Variety, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Delano Farms Company, SNFL Group, Grapa Varieties Ltd., AGRIMESSINA S.R.L, Sun World International (Sun World), LLC, Sat Moyca, INGLEBY FARMS & FORESTS, International Fruit Genetics, Four Star Fruit, Sun Pacific|
|Customization Scope||Free report customization with purchase|
- By Variety
- Red Globe
- Thompson Seedless
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. TABLE GRAPE MARKET ANALYSIS, BY VARIETY
5.2.1. Red Globe
5.3.1 Thompson Seedless
6. TABLE GRAPE MARKET ANALYSIS, BY GEOGRAPHY
6.2. North America
6.3. South America
6.5. Middle East and Africa
6.5.2. Saudi Arabia
6.6. Asia Pacific
6.6.3. South Korea
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. COMPANY PROFILES
8.1. Delano Farms Company
8.2. SNFL Group
8.3. Grapa Varieties Ltd.
8.4. AGRIMESSINA S.R.L
8.5. Sun World International (Sun World), LLC
8.6. Sat Moyca
8.7. INGLEBY FARMS & FORESTS
8.8. International Fruit Genetics
8.9. Four Star Fruit
8.10. Sun Pacific
Delano Farms Company
Grapa Varieties Ltd.
Sun World International (Sun World), LLC
INGLEBY FARMS & FORESTS
International Fruit Genetics
Four Star Fruit
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