PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1785916
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1785916
Global Canned Lychee Market to Reach US$578.6 Million by 2030
The global market for Canned Lychee estimated at US$451.6 Million in the year 2024, is expected to reach US$578.6 Million by 2030, growing at a CAGR of 4.2% over the analysis period 2024-2030. Offline Distribution Channel, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$359.5 Million by the end of the analysis period. Growth in the Online Distribution Channel segment is estimated at 3.0% CAGR over the analysis period.
The U.S. Market is Estimated at US$123.0 Million While China is Forecast to Grow at 7.9% CAGR
The Canned Lychee market in the U.S. is estimated at US$123.0 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$119.5 Million by the year 2030 trailing a CAGR of 7.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.
Global Canned Lychee Market: Key Trends & Drivers Summarized
What Is Propelling the Canned Lychee Market Forward?
The global canned lychee market is experiencing significant growth, driven by consumers' increasing demand for convenient and exotic fruit options. The convenience factor significantly contributes to market growth as canned lychee provides consumers with an easy and quick way to enjoy this fruit without having to deal with peeling. This appeals particularly to the busy lifestyles of urban consumers who seek nutritious, ready-to-eat food options.
How Are Consumer Preferences Shaping the Market?
Consumer preferences are increasingly leaning towards premium and value-added products. There is a growing willingness to invest in high-quality canned lychee that offers exceptional taste, texture, and packaging. Innovations in packaging, including eco-friendly materials and resealable cans, are enhancing product convenience and sustainability, thereby driving market growth.
Why Is the Market Expanding in North America?
North America is expected to grow with a CAGR of 6.4% over the forecast period from 2024 to 2030. This growth is due to increasing consumer preferences for convenient and healthy packaged foods. The demand is anticipated to increase as canned lychee offers a consistent and ready-to-use ingredient for various recipes, enhancing flavor, texture, and appearance.
What Factors Are Driving Market Growth?
The growth in the canned lychee market is driven by several factors. The rising trend of online shopping offers wider access and convenience to consumers, contributing to increased sales through online channels. Additionally, the demand for canned lychee in desserts is expected to grow, as it provides a consistent and ready-to-use ingredient for various recipes, enhancing flavor, texture, and appearance.
SCOPE OF STUDY:
The report analyzes the Canned Lychee market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Distribution Channel (Offline Distribution Channel, Online Distribution Channel); Application (Drinks and Beverages Application, Snacks Application, Desserts Application, Other Applications)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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