PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1126523
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1126523
Dragon Fruit Market Forecasts to 2028 - Global Analysis By Type (Hylocereus costaricensis, Hylocereus Undatus and Hylocereus megalanthus), Distribution Channel (Offline and Online), Application and By Geography
According to Stratistics MRC, the Global Dragon Fruit Market is growing at a CAGR of 5.9% during the forecast period. A dragon fruit offers multiple health benefits and is commonly used in a variety of recipes in the food and beverage sector. It is consumed in the undeveloped structure and has medicinal and nutritional effects. Antioxidants and fibres found in it aid in decreasing the likelihood of malignant development. It is often available in raw and powdered form and is also used in the preparation of wholesome foods and beverages.
According to the Ministry of Industry and Trade of Vietnam, 80.0% of the dragon fruits produced in Vietnam are exported to China, while 99.0% of dragon fruits in the Chinese market are imported from Vietnam. The demand for the Vietnamese dragon fruit is high in the Chinese market mainly due to its sizable production and high economic importance.
Market Dynamics:
Driver:
Demand for exotic tropical fruit
The demand for exotic tropical fruit has increased recently as a result of the multiple health advantages they provide and an overall rise in consumer disposable money, particularly in emerging countries. Despite being relatively new and receiving little advertising, the dragon fruit business in Europe is quite promising and drawing an increasing number of customers.
Restraint:
Poor post -harvest handling
Poor post-harvest handling could affect the quality of texture and flavor of the fruit. Therefore, management of post harvest handling is critical. Travel restrictions affected the supply chains across locations, the unavailability of fresh dragon fruits also affected the market expansion. Being a delicate fruit, care must be taken in handling the transport of fruits. Poor post-harvest practices hamper the growth of the market.
Opportunity:
Positive influence of dragon fruits on health
More people were becoming aware of how beneficial dragon fruits were for their health, including how they improved metabolism, boosted the immune system, strengthened bones and teeth, purified blood, helped develop new tissue, and healed bruises and wounds. It also showed a rise in demand for these fruits during the crisis, which temporarily increased revenue generation for the major firms.
Threat:
Allergic reactions
Dragon fruit provides a number of health and beauty benefits that may be achieved simply by incorporating it into one's diet. But not everyone can take use of these benefits in the same way. This is because certain people should avoid dragon fruit at all costs if they have a dragon fruit allergy. If it is allergic to dragon fruit, it makes no sense to consume it because it could result in symptoms like swollen lips and tongue, an itchy throat, a burning sensation in the throat, and more.
COVID-19 Impact
COVID-19 has had an impact on several industries, including food and beverage and manufacturing. As a result of the lockdowns that several governments have enforced, various businesses are coping with issues including suspended industrial activities and disturbed supply chains. These elements have had both positive and bad effects on the market for dragon fruit. Because the dragon fruit is a rich source of fibre and magnesium and has a high nutritional value, demand for it has surged during the lockdown as well. However, due to the disturbance in the supply chain, the flow and availability of items made with dragon fruit have been impacted.
The hylocereus undatus segment is expected to be the largest during the forecast period
The hylocereus undatus segment is estimated to have a lucrative growth, due to the widespread use in salads and beverages with a taste similar to a kiwi and ease of availability across a variety of sales channels are primarily to responsible.
The supermarkets/hypermarkets segment is expected to have the highest CAGR during the forecast period
The supermarkets/hypermarkets segment is anticipated to witness the fastest CAGR growth during the forecast period, due to these businesses being a popular destination for people to shop for fruits and vegetables, providing them with the experience of purchasing fresh fruits. Additionally, a sizable consumer base is being drawn from all over the world by the widespread creation of such stores and the ease of being able to find a range of fruits, including dragon fruits, in one location.
Region with highest share:
Asia-Pacific is projected to hold the largest market share during the forecast period owing to the tropical climate that prevails throughout the region, favoring the cultivation of dragon fruits, particularly in nations like Vietnam, China, and Indonesia, among others. In the region, Vietnam is a dominating nation, accounting for more than half of the total market share, and it also has a sizable export industry.
Region with highest CAGR:
Asia-Pacific is projected to have the highest CAGR over the forecast period, owing to the better healthcare infrastructure and fast economic improvement region. The Asia Pacific regional expansion is boosted by increased interest and investment from most important industry players and demand for exotic tropical fruit. The dragon fruit is classified as a high-value crop, which benefits Vietnam's competitiveness. Dragon fruit is a popular export from Vietnam to China, where it competes with other nations for trade. Increasing interest along with investments by well-known industry players and incomplete collaborative efforts are accountable for regional growth.
Key players in the market
Some of the key players profiled in the Dragon Fruit Market include Biourah Herbal (M) Sdn Bhd, Bai Brands (Dr. Pepper Snapple Group, Inc.), Great Sun Pitaya Farm Sdn. Bhd., Hybrid Herbs, Light Cellar, Wilderness Poets, Madam Sun Sdn.Bhd, Nam Viet Foods & Beverage JSC (VINUT), Pitaya Plus, Raw Nice, SOL Organica, Unicorn Superfoods, Welch Foods Inc.
Key Developments:
In March 2021, The Welch's brand has introduced Juicefuls Fruit Snacks, the newest addition to the Welch's Fruit Snacks product lineup. Made with real fruit on the outside and juice on the inside, fans can see the juice inside each Welch's Juicefuls piece. They're available in three varieties: Mixed Fruit, Berry Blast and Island Splash.
Types Covered:
- Hylocereus Costaricensis
- Hylocereus Undatus
- Hylocereus Megalanthus
Distribution Channels Covered:
- Online
- Offline
Applications Covered:
- Direct Consumption
- Jams
- Sauce
- Ice cream
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Dragon Fruit Market, By Type
- 5.1 Introduction
- 5.2 Hylocereus Costaricensis
- 5.3 Hylocereus Undatus
- 5.4 Hylocereus Megalanthus
6 Global Dragon Fruit Market, By Distribution Channel
- 6.1 Introduction
- 6.2 Offline
- 6.2.1 Supermarkets/Hypermarkets
- 6.2.2 Convenience Stores
- 6.2.3 Specialty Bakery/Stores
- 6.3 Online
7 Global Dragon Fruit Market, By Application
- 7.1 Introduction
- 7.2 Direct Consumption
- 7.3 Jams
- 7.4 Sauce
- 7.5 Ice cream
- 7.6 Other Applications
8 Global Dragon Fruit Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Biourah Herbal (M) Sdn Bhd
- 10.2 Bai Brands (Dr. Pepper Snapple Group, Inc.)
- 10.3 Great Sun Pitaya Farm Sdn. Bhd.
- 10.4 Hybrid Herbs
- 10.5 Light Cellar
- 10.6 Wilderness Poets
- 10.7 Madam Sun Sdn.Bhd
- 10.8 Nam Viet Foods & Beverage JSC (VINUT)
- 10.9 Pitaya Plus
- 10.10 Raw Nice
- 10.11 SOL Organica
- 10.12 Unicorn Superfoods
- 10.13 Welch Foods Inc.
List of Tables
- Table 1 Global Dragon Fruit Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Dragon Fruit Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Dragon Fruit Market Outlook, By Hylocereus Costaricensis (2020-2028) ($MN)
- Table 4 Global Dragon Fruit Market Outlook, By Hylocereus Undatus (2020-2028) ($MN)
- Table 5 Global Dragon Fruit Market Outlook, By Hylocereus Megalanthus (2020-2028) ($MN)
- Table 6 Global Dragon Fruit Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 7 Global Dragon Fruit Market Outlook, By Offline (2020-2028) ($MN)
- Table 8 Global Dragon Fruit Market Outlook, By Supermarkets/Hypermarkets (2020-2028) ($MN)
- Table 9 Global Dragon Fruit Market Outlook, By Convenience Stores (2020-2028) ($MN)
- Table 10 Global Dragon Fruit Market Outlook, By Specialty Bakery/Stores (2020-2028) ($MN)
- Table 11 Global Dragon Fruit Market Outlook, By Online (2020-2028) ($MN)
- Table 12 Global Dragon Fruit Market Outlook, By Application (2020-2028) ($MN)
- Table 13 Global Dragon Fruit Market Outlook, By Direct Consumption (2020-2028) ($MN)
- Table 14 Global Dragon Fruit Market Outlook, By Jams (2020-2028) ($MN)
- Table 15 Global Dragon Fruit Market Outlook, By Sauce (2020-2028) ($MN)
- Table 16 Global Dragon Fruit Market Outlook, By Ice cream (2020-2028) ($MN)
- Table 17 Global Dragon Fruit Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 18 North America Dragon Fruit Market Outlook, By Country (2020-2028) ($MN)
- Table 19 North America Dragon Fruit Market Outlook, By Type (2020-2028) ($MN)
- Table 20 North America Dragon Fruit Market Outlook, By Hylocereus Costaricensis (2020-2028) ($MN)
- Table 21 North America Dragon Fruit Market Outlook, By Hylocereus Undatus (2020-2028) ($MN)
- Table 22 North America Dragon Fruit Market Outlook, By Hylocereus Megalanthus (2020-2028) ($MN)
- Table 23 North America Dragon Fruit Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 24 North America Dragon Fruit Market Outlook, By Offline (2020-2028) ($MN)
- Table 25 North America Dragon Fruit Market Outlook, By Supermarkets/Hypermarkets (2020-2028) ($MN)
- Table 26 North America Dragon Fruit Market Outlook, By Convenience Stores (2020-2028) ($MN)
- Table 27 North America Dragon Fruit Market Outlook, By Specialty Bakery/Stores (2020-2028) ($MN)
- Table 28 North America Dragon Fruit Market Outlook, By Online (2020-2028) ($MN)
- Table 29 North America Dragon Fruit Market Outlook, By Application (2020-2028) ($MN)
- Table 30 North America Dragon Fruit Market Outlook, By Direct Consumption (2020-2028) ($MN)
- Table 31 North America Dragon Fruit Market Outlook, By Jams (2020-2028) ($MN)
- Table 32 North America Dragon Fruit Market Outlook, By Sauce (2020-2028) ($MN)
- Table 33 North America Dragon Fruit Market Outlook, By Ice cream (2020-2028) ($MN)
- Table 34 North America Dragon Fruit Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 35 Europe Dragon Fruit Market Outlook, By Country (2020-2028) ($MN)
- Table 36 Europe Dragon Fruit Market Outlook, By Type (2020-2028) ($MN)
- Table 37 Europe Dragon Fruit Market Outlook, By Hylocereus Costaricensis (2020-2028) ($MN)
- Table 38 Europe Dragon Fruit Market Outlook, By Hylocereus Undatus (2020-2028) ($MN)
- Table 39 Europe Dragon Fruit Market Outlook, By Hylocereus Megalanthus (2020-2028) ($MN)
- Table 40 Europe Dragon Fruit Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 41 Europe Dragon Fruit Market Outlook, By Offline (2020-2028) ($MN)
- Table 42 Europe Dragon Fruit Market Outlook, By Supermarkets/Hypermarkets (2020-2028) ($MN)
- Table 43 Europe Dragon Fruit Market Outlook, By Convenience Stores (2020-2028) ($MN)
- Table 44 Europe Dragon Fruit Market Outlook, By Specialty Bakery/Stores (2020-2028) ($MN)
- Table 45 Europe Dragon Fruit Market Outlook, By Online (2020-2028) ($MN)
- Table 46 Europe Dragon Fruit Market Outlook, By Application (2020-2028) ($MN)
- Table 47 Europe Dragon Fruit Market Outlook, By Direct Consumption (2020-2028) ($MN)
- Table 48 Europe Dragon Fruit Market Outlook, By Jams (2020-2028) ($MN)
- Table 49 Europe Dragon Fruit Market Outlook, By Sauce (2020-2028) ($MN)
- Table 50 Europe Dragon Fruit Market Outlook, By Ice cream (2020-2028) ($MN)
- Table 51 Europe Dragon Fruit Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 52 Asia Pacific Dragon Fruit Market Outlook, By Country (2020-2028) ($MN)
- Table 53 Asia Pacific Dragon Fruit Market Outlook, By Type (2020-2028) ($MN)
- Table 54 Asia Pacific Dragon Fruit Market Outlook, By Hylocereus Costaricensis (2020-2028) ($MN)
- Table 55 Asia Pacific Dragon Fruit Market Outlook, By Hylocereus Undatus (2020-2028) ($MN)
- Table 56 Asia Pacific Dragon Fruit Market Outlook, By Hylocereus Megalanthus (2020-2028) ($MN)
- Table 57 Asia Pacific Dragon Fruit Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 58 Asia Pacific Dragon Fruit Market Outlook, By Offline (2020-2028) ($MN)
- Table 59 Asia Pacific Dragon Fruit Market Outlook, By Supermarkets/Hypermarkets (2020-2028) ($MN)
- Table 60 Asia Pacific Dragon Fruit Market Outlook, By Convenience Stores (2020-2028) ($MN)
- Table 61 Asia Pacific Dragon Fruit Market Outlook, By Specialty Bakery/Stores (2020-2028) ($MN)
- Table 62 Asia Pacific Dragon Fruit Market Outlook, By Online (2020-2028) ($MN)
- Table 63 Asia Pacific Dragon Fruit Market Outlook, By Application (2020-2028) ($MN)
- Table 64 Asia Pacific Dragon Fruit Market Outlook, By Direct Consumption (2020-2028) ($MN)
- Table 65 Asia Pacific Dragon Fruit Market Outlook, By Jams (2020-2028) ($MN)
- Table 66 Asia Pacific Dragon Fruit Market Outlook, By Sauce (2020-2028) ($MN)
- Table 67 Asia Pacific Dragon Fruit Market Outlook, By Ice cream (2020-2028) ($MN)
- Table 68 Asia Pacific Dragon Fruit Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 69 South America Dragon Fruit Market Outlook, By Country (2020-2028) ($MN)
- Table 70 South America Dragon Fruit Market Outlook, By Type (2020-2028) ($MN)
- Table 71 South America Dragon Fruit Market Outlook, By Hylocereus Costaricensis (2020-2028) ($MN)
- Table 72 South America Dragon Fruit Market Outlook, By Hylocereus Undatus (2020-2028) ($MN)
- Table 73 South America Dragon Fruit Market Outlook, By Hylocereus Megalanthus (2020-2028) ($MN)
- Table 74 South America Dragon Fruit Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 75 South America Dragon Fruit Market Outlook, By Offline (2020-2028) ($MN)
- Table 76 South America Dragon Fruit Market Outlook, By Supermarkets/Hypermarkets (2020-2028) ($MN)
- Table 77 South America Dragon Fruit Market Outlook, By Convenience Stores (2020-2028) ($MN)
- Table 78 South America Dragon Fruit Market Outlook, By Specialty Bakery/Stores (2020-2028) ($MN)
- Table 79 South America Dragon Fruit Market Outlook, By Online (2020-2028) ($MN)
- Table 80 South America Dragon Fruit Market Outlook, By Application (2020-2028) ($MN)
- Table 81 South America Dragon Fruit Market Outlook, By Direct Consumption (2020-2028) ($MN)
- Table 82 South America Dragon Fruit Market Outlook, By Jams (2020-2028) ($MN)
- Table 83 South America Dragon Fruit Market Outlook, By Sauce (2020-2028) ($MN)
- Table 84 South America Dragon Fruit Market Outlook, By Ice cream (2020-2028) ($MN)
- Table 85 South America Dragon Fruit Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 86 Middle East & Africa Dragon Fruit Market Outlook, By Country (2020-2028) ($MN)
- Table 87 Middle East & Africa Dragon Fruit Market Outlook, By Type (2020-2028) ($MN)
- Table 88 Middle East & Africa Dragon Fruit Market Outlook, By Hylocereus Costaricensis (2020-2028) ($MN)
- Table 89 Middle East & Africa Dragon Fruit Market Outlook, By Hylocereus Undatus (2020-2028) ($MN)
- Table 90 Middle East & Africa Dragon Fruit Market Outlook, By Hylocereus Megalanthus (2020-2028) ($MN)
- Table 91 Middle East & Africa Dragon Fruit Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 92 Middle East & Africa Dragon Fruit Market Outlook, By Offline (2020-2028) ($MN)
- Table 93 Middle East & Africa Dragon Fruit Market Outlook, By Supermarkets/Hypermarkets (2020-2028) ($MN)
- Table 94 Middle East & Africa Dragon Fruit Market Outlook, By Convenience Stores (2020-2028) ($MN)
- Table 95 Middle East & Africa Dragon Fruit Market Outlook, By Specialty Bakery/Stores (2020-2028) ($MN)
- Table 96 Middle East & Africa Dragon Fruit Market Outlook, By Online (2020-2028) ($MN)
- Table 97 Middle East & Africa Dragon Fruit Market Outlook, By Application (2020-2028) ($MN)
- Table 98 Middle East & Africa Dragon Fruit Market Outlook, By Direct Consumption (2020-2028) ($MN)
- Table 99 Middle East & Africa Dragon Fruit Market Outlook, By Jams (2020-2028) ($MN)
- Table 100 Middle East & Africa Dragon Fruit Market Outlook, By Sauce (2020-2028) ($MN)
- Table 101 Middle East & Africa Dragon Fruit Market Outlook, By Ice cream (2020-2028) ($MN)
- Table 102 Middle East & Africa Dragon Fruit Market Outlook, By Other Applications (2020-2028) ($MN)
