Global Exotic Fruit Market By Type (Organic, Conventional), By End-User (Commercial, Residential), By Distribution channels (Online Platforms, Offline Specialty Stores), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

The interest for new flavors and varieties of fruit are now becoming a more desirable requirement for various spread across the world on account of them not being easily available to them and also due to increasing levels of globalization and digitization.

Exotic fruits are fruits that are not commonly available to a given set of individuals due to various factors as mentioned above. The consumption of exotic fruits is rapidly increasing due to their numerous beneficial properties such as these fruits being rich in fiber, vitamins, minerals, and antioxidant components, such as phenolic acids, flavonoids, and anthocyanins.

As a result of this trend, cultivators and retailers are introducing these types of goods in order to capitalize on the increasing demand for them. Some examples of exotic fruits are - açaí (Euterpe oleracea Mart., Arecacae), acerola (Malpighia emarginata DC., Malpighiaceae), and pitanga (Eugenia uniflora L., Myrtaceae) from South America; goji (Lycium barbarum L., Solanaceae) from China; durian (Durio zibethinus L., Malvaceae) from Southeast Asia, etc.

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Detailed Segmentation

On The Basis of Type:

• Organic
• Conventional

On The Basis of End-User:

• Commercial
• Residential.

On The Basis of Distribution channels:

• Online Platforms
• Offline Specialty Stores

On The Basis of Regions:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

Market Dynamics

A greater level of awareness concerning healthier living has led to an increase in the consumption of fresh fruits and vegetables, which has increased significantly over the last few decades. Therefore, the spike in interest levels concerning these exotic fruits on account of them being high in nutritional value and are not usually found in a given region, such as in the case of noni and mangosteen.

Several tropical fruits have excellent health benefits due to the phytochemical components they possess. Several factors have contributed to the increase in the import of some of these fruits and vegetables such as, the diversification of populations, increased tourism levels in areas that produce these types of fruit, improved postharvest handling systems and technologies such as cold-chain techniques, improved packaging methods, modified and controlled atmosphere when being transported, better quarantine systems, minimal processing, etc. Factors such as these have led to an increase in the interest for diverse fruits and vegetables.

Some of the discrepancies that have contributed to the slow introduction of these exotic fruits to various markets in both developed and developing countries include, certain fruits being of tropical origin and therefore are sensitive to refrigeration and are usually characterized by a concise shelf life; many tend to be infested by pests such as fruit flies, etc.

Consequently, they are generally required to comply with respective customs regulations before they are shipping to certain markets, etc. A few years ago, the marine shipping of perishable goods was not very common. Air transport has been relatively expensive to justify whether or not the shipping of these goods were a viable solution or not.

Key players

• Sukan Foods
• Fast & Fresh Global LLP
• Capricorn Food Products India Ltd.
• Fesa UK Ltd.
• Bolton Group
• Rhodes Food Group
• Del Monte Foods Inc.
• Annie's Farm Company
• Dole Food Company

Recent Developments

• Food & beverage giant Dole Sunshine Company is rerouting its excess pineapple leaves to create vegan leather.
• Dole Plc announces the completion of their acquisition of Total Produce Plc and DFC Holdings LLC. Dole PLC, the newly formed company, resulting from the aforementioned merger, filed for an IPO on July 2, 2021, with plans to return to the New York Stock Exchange.
• Del Monte Philippines Inc. (DMPI) has grown to become Asia's leading pineapple exporter with a significant market share in China, and as a top three supplier in Japan and Korea.
• Fresh Del Monte Partners with I Squared Capital as Part of their acceleration into a new digital era, thereby boosting efficiency and company expansion prospects.
• Del Monte uses plant-based innovations to double the shelf life of avocados; whose benefits have rippled through this market benefitting growers, packers and retailers in the process.

For the Exotic Fruit Market research study, the following years have been considered to estimate the market size: