January 24, 2024 | Research and Markets |
The global lychee market is poised for significant growth, projected to reach USD 8.79 billion by 2028 from USD 6.73 billion in 2023, with a CAGR of 5.50%. Increasing health consciousness and dietary awareness are driving demand, particularly in developing economies. Lychee's versatility extends beyond fresh fruit consumption to include products like jams, juices, and canned fruits, expanding its appeal worldwide. China dominates production and export, with exports valued at USD 63.6 million in 2021. Europe, especially the Netherlands and the UK, shows substantial demand for lychee as a 'sweet, nutritious' super fruit. Asia-Pacific, led by China, Vietnam, India, and Taiwan, remains the primary hub for lychee cultivation, with government support and technological interventions aimed at boosting production and export capabilities. The market's sustained growth is fueled by consumer preferences for healthier food choices and the fruit's integration into various industries, including beauty and personal care and the HORECA sector. Comprehensive analysis and forecasts offer stakeholders valuable insights into navigating the evolving lychee market landscape.