US and Canada Dragon Fruit Market Forecast to 2027 - COVID-19 Impact and Country Analysis by Type (Red Dragon Fruit, White Dragon Fruit and Yellow Dragon Fruit); Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online and Others)

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

• Understand the US and Canada dragon fruitmarket landscape and identifymarket segments that are most likely to guarantee a strong return
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• Make knowledgeable business decisions from the perceptive and comprehensive analysis of market performance of various market segments
• Obtain market revenue forecast based on various segments from 2018 to 2027

US AND CANADA DRAGON FRUITMARKET SEGMENTATION

By Type

• White Dragon Fruit
• Red Dragon Fruit
• Yellow Dragon Fruit

By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience stores
• Online
• Others

By Country

• US
• Canada

Company Profiles

• A Natural Farm
• J & C Tropicals
• Miami Fruit
• Moonland Produce, Inc
• Hoang Hau Dragon Fruit Farm Co., Ltd
• Frieda's
• Melissa's
• Freshway Produce

The List of Companies - US and Canada Dragon Fruit Market

1. A Natural Farm
2. J & C Tropicals
3. Miami Fruit
4. Moonland Produce, Inc
5. Hoang Hau Dragon Fruit Farm Co., Ltd
6. Frieda's
7. Melissa's
8. Freshway Produce

• Highlights key business priorities to assist companies realign their business strategies.

• Featureskey findings and crucial progressive industry trends in the US and Canada dragon fruit market, thereby allowing players to develop effective long-term strategies.

• Develops/modifiesbusiness expansion plans by using substantial growth offering from developed and emerging markets.

• Scrutinizes in-depth market trends as well as key market drivers and restraints.

• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.