Gold Kiwifruit Market

Gold Kiwifruit Market Outlook (2023 to 2033)

Newly-released Gold Kiwifruit Market analysis report by Fact.MR reveals that global sales in 2022 were held at US$ 1.5 Billion. With 9.8% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 4.4 Billion by the end of the forecast period.

Organic kiwifruit is expected to be the highest revenue-generating type, which is expected to grow at a CAGR of over 9.7% from 2023 to 2033.

Attributes	Details
Global Gold Kiwifruit Market Size (2022)	US$ 1.5 Billion
Global Gold Kiwifruit Market Size at End of Forecast (2033)	US$ 4.4 Billion
Global Gold Kiwifruit Market CAGR (2023 to 2033)	9.8%
U.S. Gold Kiwifruit Market CAGR (2023 to 2033)	9.5%
Key Companies Covered	Zespri Group Limited Dorì Kiwi Summerfruit srl Golden Bay Fruit SALIX FRUITS. SEEKA LIMITED. Darling Group Primor Produce Wild River Fruit BayFarms Limited Southern Cross Horticulture

Revenue of Gold Kiwifruit Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

As per the research of the gold kiwifruit market by Fact.MR- a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 12.4% CAGR. With an absolute dollar opportunity of US$ 2.7 Billion, the market is projected to reach a valuation of US$ 4.4 Billion by 2033.

What are the Key Drivers Influencing the Market Expansion?

Gold kiwifruit is a type of kiwifruit that has golden flesh with smooth, hairless skin. It is also known as yellow kiwifruit, and it is cultivated from the kiwifruit species Actinidia Chinensis. Gold kiwifruit is sweeter and less tangy than green kiwifruit and has a slightly tropical flavor with notes of mango and pineapple. It is rich in vitamins C, vitamin E, potassium, fiber, and antioxidants, making it a popular choice among health-conscious consumers.

According to research, in 2021, the global production of kiwifruit was over 4.4 million metric tons, an increase from the global production volume of 3.7 million metric tons in 2017. As consumers become more adventurous in their eating habits, exotic fruits like gold kiwifruit are gaining popularity. This has led to increased demand for fruit in both domestic and international markets.

In 2019, the global consumption of kiwifruit per capita was about 0.55 kg. Greece was the top consumer of kiwi fruit with per capita consumption of 14 kg per capita, followed by Italy with 5.7 kg, Chile with 4.5 kg, and Spain with 3 kg.

In 2021, global organic kiwifruit production reached 56,565 metric tons, an increase of around 5% from the previous year. Kiwi fruit is rich in vitamins, minerals, and antioxidants, which make it a popular choice among health-conscious consumers. It is known to have a positive effect on digestion, immune function, and heart health, among other benefits. This is expected to influence the market growth.

Region-Wise Analysis :

Which Region is projected to Offer Significant growth in the Market?

North America is a prominent shareholder in the market with a market size of US$ 416 million and the regional market is expected to be worth US$ 1,194.6 million by 2033.

According to research, in 2020, the total production of kiwifruit in Canada was over 270 tons and in British Columbia was the only province that reported kiwifruit production, with a total of 110 tons. Canada imported around 20,986 tons of kiwifruit, with a total value of US$ 57.7 million. Consumers become more adventurous in their eating habits; exotic fruits like gold kiwifruit are gaining popularity. This is expected to influence the market growth.

Country-Wise Analysis :

United States Gold Kiwifruit Market Analysis :

The market in the United States is expected to grow to be worth US$ 752.6 million by 2033, with an absolute dollar growth of US$ 449.9 million from 2023 to 2033. The market in the United States has grown at a CAGR of 9.2% from 2018 to 2022 and is expected to grow at a CAGR of 9.5% from the year 2023 to 2033.

According to data provided by United States Department of Agriculture, in 2019, the United States kiwifruit production was priced at US$ 1,680 per ton and the production was over 51,500 tons, with a total value of over US$ 85 million. The production and consumption of kiwifruit in United States was increasing from last few years due to increasing health-conscious consumers, increased investment in production and growing imports and exports of the fruit. This is expected to influence the market growth.

United Kingdom Gold Kiwifruit Market Analysis :

The market in the United Kingdom is expected to grow to be worth US$ 114.1 million by 2033, with an absolute dollar growth of US$ 62.3 million. The market in the country has grown at a CAGR of 7.8% from 2018 to 2022 and is expected to grow at a CAGR of 8.2% from 2023 to 2033.

According to a report by the Agriculture and Horticulture Development Board (AHDB), the market in the country has been growing steadily, with sales reaching over US$ 104 million in 2019, about 4% increase compared to the previous year. There will be a significant growth in the gold kiwifruit demand in the UK, as consumers become more health-conscious and interested in exotic and premium fruits. The demand for gold kiwifruit in the UK has been increasing in recent years due to its unique taste and health benefits.

China Gold Kiwifruit Market Analysis :

In China, the market is expected to grow to be worth US$ 1.1 Billion with an absolute dollar growth of US$ 745.5 million. The market in China has grown at a CAGR of 14.6% from 2018 to 2022 and is expected to grow at a CAGR of 11.3% from the year 2023 to 2033.

According to China Shenshan Orchard Holdings, China is the largest kiwifruit consuming country worldwide, accounting for 2.2 million tonnes or 52% of total volume consumed in 2021. The China Shenshan Orchard Holdings kiwifruit sales were around 1,664 tons in 2018 and 2844 tons in 2019. The growing demand of kiwifruits in China drives the growth of gold kiwifruit market in the upcoming years.

Japan Gold Kiwifruit Market Analysis :

In Japan, the market is expected to grow to be worth US$ 697.4 million with an absolute dollar growth of US$ 430.7 million. The market in Japan grew at a CAGR of 12.7% from 2018 to 2022 and is expected to grow at a CAGR of 10.1% from the year 2023 to 2033.

According to the Ministry of Agriculture, Forestry and Fisheries of Japan, in 2020, the total production of kiwifruit in the country was over 21,500 tons, an increase of 4.4% as compared to the previous year. The total sales volume of kiwifruit in Japan was over 82,000 tons and the sales value reached about US$ 260 million in 2020. The growing consumption among the population increases the demand for gold kiwifruit in Japan.

South Korea Gold Kiwifruit Market Analysis :

The market in South Korea is expected to grow to be worth US$ 272.4 million by 2033, with an absolute dollar growth of US$ 170.2 million. The market in South Korea has grown at a CAGR of 13.9% from 2018 to 2022 and is expected to grow at a CAGR of 10.3% from 2023 to 2033.

Kiwifruit is one of the most popular fruits in South Korea, with its consumption increasing steadily in recent years. According to data from the Korea Agro-Fisheries & Food Trade Corporation, South Korea imported 22,221 tons of kiwifruit in 2020, a 9.9% increase from the previous year.

The main kiwifruit importers to South Korea are New Zealand and Chile, which account for more than 80% of the total imports. Overall, the market in South Korea is expected to continue growing in the coming years, as consumers become more health-conscious and demand for fresh fruits increase.

Category-Wise Insights

Why the Demand for Organic Gold Kiwifruit is projected to Witness Significant Growth?

Organic nature is projected to witness the fastest growth as it has grown at a CAGR of 12% from 2018 to 2022 and is expected to grow at a CAGR of 9.7% from 2023 to 2033.

Consumers have become increasingly health-conscious and environmentally aware, and are looking for healthy and sustainably produced foods. Organic produce is perceived as being healthier and more environmentally friendly than conventionally grown produce, which is driving demand for organic gold kiwifruit.

The increase in consumer demand, increasing availability and government support are making the organic gold kiwifruit an attractive opportunity for growers, suppliers, and investors.Top of Form

Through Which Sales Channel Gold Kiwifruit is projected to Witness Significant Growth?

Gold kiwifruit demand is expected to register significant growth through Supermarkets/Hypermarkets with a CAGR of 11.5% from 2018 to 2022, and is expected to grow at a CAGR of 9.6% from 2023 to 2033.

Supermarkets and hypermarkets are generally major sales channels for fresh produce, including gold kiwifruit, and have a large and established customer base. It is possible that these channels may experience faster growth compared to other distribution channels such as online retail or direct-to-consumer sales. Increasing consumer demand, wider availability, competitive pricing, and effective marketing strategies these factors contribute to the growth of gold kiwifruit through supermarkets/hypermarkets.

Competitive Analysis :

Key players in the market are Zespri Group Limited, Dorì Kiwi Summerfruit srl, Golden Bay Fruit, SALIX FRUITS., SEEKA LIMITED., Darling Group, Primor Produce, Wild River Fruit, BayFarms Limited, and Southern Cross Horticulture.

A few of the recent developments in the market are :

• In October 2021, in order to construct the Kiwifruit Breeding Center, Plant & Food Research and Zespri formed a new joint venture. The Te Puke-based center seeks to increase innovation in kiwifruit breeding by focusing the development of healthier, better-tasting, and more sustainably-minded variants.
• In August 2021, Zespri announced that it had completed a trial shipment of kiwifruit to India, with the aim of exploring opportunities in the Indian market. The shipment of Zespri's SunGold variety was the first direct shipment of kiwifruit from New Zealand to India, and Zespri said it was pleased with the quality of the fruit upon arrival.

Segmentation of the Gold Kiwifruit Market :

• By Nature :

  • Organic
  • Conventional

• By Sales Channel :

  • Online Food Retail
  • Supermarkets/Hypermarkets
  • Specialty Stores

• By Packaging Type :

  • Wooden Box
  • Cardboard Box
  • Plastic Insert Trays

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa