Market Introduction
Dragon fruit, also called as pitaya, pithaya, or strawberry pear, is a fruiting tree that belongs to cactus family; its varieties belong to Hylocereus spp. Three varieties of dragon fruits are grown commercially—H. undatus (white flesh with pink-red skin), H.polyrhizus (red flesh with pink-red skin), and Selenicereus Megalanthus (white flesh with yellow skin). Dragon fruit is often classified under exotic varieties of fruits and vegetables. The fruit consists of natural dietary fiber along with vitamins and potent antioxidants, and it has low calorie content.
Market Overview and Dynamics
The US and Canada dragon fruit market was valued at US$ 129.15 million in 2018 and is projected to reach US$ 194.10 million by 2027; it is expected to grow at a CAGR of 4.7% from 2019 to 2027.
Beneficial culinary and medical properties of dragon fruit and increasing focus on research and development related to it are the key factors driving the market growth.
Key Market Segments
The US and Canada dragon fruit market has been segmented into type and distribution channel. On the basis of type, the dragon fruit market is categorized into red dragon fruit, white dragon fruit, and yellow dragon fruit. In 2018, the white dragon fruit segment dominated the market. Based on distribution channel, the dragon fruit market is segmented into supermarkets/hypermarkets, convenience stores, online, and others; supermarkets/hypermarkets accounted for a major share of the market in 2018.
Impact of COVID-19
The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food & beverages is one of the major industries in the world facingserious disruptions such as supply chain breaks, events cancellations, and office shutdowns as a result of this outbreak.China is the global hub of manufacturing and largest raw material supplier for various industries, and it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, and sales of various food & beverages companies. The overall market collapse due to COVID-19 is also affecting the growth of the US and Canada dragon fruit market due to obstacles in supply chain and downturn in world economy.
Major Sources and Companies Listed
A few of the major primary and secondary sources for US and Canada dragon fruitmarket associated with the report are USDA (United States Department of Agriculture), CAB International (CABI), South Florida Dragon Fruit Association, and others. The major companies operating in the market are A Natural Farm; J & C Tropicals; Miami Fruit;Moonland Produce, Inc;and Frieda's;among others.
Reasons to Buy Report
US AND CANADA DRAGON FRUITMARKET SEGMENTATION
By Type
By Distribution Channel
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 129.15 Million |
| Market Size by 2027 | US$ 194.10 Million |
| CAGR (2019 - 2027) | 4.7% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
US and Canada
|
| Market leaders and key company profiles |
|
The US and Canada Dragon Fruit Market is valued at US$ 129.15 Million in 2018, it is projected to reach US$ 194.10 Million by 2027.
As per our report US and Canada Dragon Fruit Market, the market size is valued at US$ 129.15 Million in 2018, projecting it to reach US$ 194.10 Million by 2027. This translates to a CAGR of approximately 4.7% during the forecast period.
The US and Canada Dragon Fruit Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the US and Canada Dragon Fruit Market report:
The US and Canada Dragon Fruit Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The US and Canada Dragon Fruit Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the US and Canada Dragon Fruit Market value chain can benefit from the information contained in a comprehensive market report.
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