About Lychee
Lychee is native to Southeast Asia and widely used for eating and in the food & beverages industry. Lychee contains various vitamins, antioxidants, and minerals that help to protect against various health diseases. However, lychee extracts and juices are widely used in the food and beverage industries to add flavor. Its high amount of vitamin c and antioxidants helps to prevent early aging. Check more insightful analysis on "
Lychee Honey Share & Growth Analysis".
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Viking Foods Co., Ltd (Vietnam), Paradise Juice Pvt Ltd (India), SM Agro Product (India), Lemon Concentrate (Spain), Dennick FruitSource (United States), KUNYU (China), Polproduct (Netherlands) and Caterite (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Lychee market by Type (Pulp, Extracts, Puree, Frozen Lychee and Others) and Region.
On the basis of geography, the market of Lychee has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Lychee market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Lychee Type, the sub-segment i.e. Hak Ip will boost the Lychee market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Lychee Purees As a Desserts and in Various Asian Dishes and Rise in Demand from International Markets
Market Growth Drivers:
Increasing Use of Various Fruit Extracts to Add Flavor for Beverages, Baked Foods, Etc. and Increasing Consumption of Lychee and Products Due to Various Health Benefits
Challenges:
Unripe Lychees Contain Toxins and May Cause Low Blood Sugar
Restraints:
Allergies Related to Lychee or Lychee Products
Opportunities:
Growing Adoption of Lychee to Make Mocktails, Cocktails, and Sherbets
Market Leaders and their expansionary development strategies
In May 2023, Superplum has launched of a new pre-packed fresh lychee offering as India’s season kicks off. and The Indian ag-tech start-up uses innovative cold chain technology to keep its lychees fresh for up to 15 days giving consumers all over India the opportunity to enjoy the fruit without the associated expense of airfreight.
In JANUARY 2020, Leading juice maker CHI Limited has launched of Chivita 100% Real Lychee Blend fruit juice. The lychee fruit is a sweet, exotic and delicate rare fruit that grows in subtropical regions of the world.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers and Distributors of Lychee, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.