Market Size of Spain Tropical Fruits Industry
| Study Period | 2017-2027 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2023 - 2028 |
| Market Size (2023) | USD 1.46 Billion |
| Market Size (2028) | USD 1.65 Billion |
| CAGR (2023 - 2028) | 2.49 % |
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Spain Tropical Fruits Market Analysis
The Spain Tropical Fruits Market size is expected to grow from USD 1.46 billion in 2023 to USD 1.65 billion by 2028, at a CAGR of 2.49% during the forecast period (2023-2028).
- Spain is a large producer of fresh fruit, and its dominant role in the fresh sector has resulted in increasing imports with a larger volume from non-European countries and has the potential to become a trade hub for fresh produce from non-European countries.
- Spain holds 40.1% of Europe's area of fruit cultivation and has the highest production share in Europe in oranges (54%), small citrus fruit (67%), avocados (91%), watermelon (35%), peaches (37%), peppers (48%) and lemons (65%). Spain is growing an appetite for less traditional fruit and vegetables, which increases the need for imported products.
- Avocados represent the highest value in the Spanish imports of fresh fruit from non-European suppliers, making the country more attractive for international trade and as an access point into Europe. Spain is advancing in well-structured logistics and expanding services and packaging solutions.
- Various agricultural policies have paved the way for the development of the fresh produce supply chain at all levels, as it is a vital component of the overall strategy for addressing global market competition for oranges. This enhances the performance and competitiveness of the countries on the import and export front. The increased disposable income and high spending capacity on health and related products enable fresh produce sales in developed regions such as Europe and North America. In 2021, Egypt exported approximately 300,000 tons to EU countries, consolidating its position as the leading non-EU supplier in the Mediterranean, in direct competition with Spain.
- Thus, the factors such as increased demand from processing industries, increasing awareness of the health benefits of fruits, growing consciousness of health, and increasing incomes of consumers are propelling the growth of the market studied during the forecast period.
