A European orange market worth 7 billion euros by 2029

Published 2024년 10월 1일

Tridge summary

The European orange market is projected to grow from EUR 5.9 billion in 2024 to EUR 7 billion by 2029, largely due to the rising demand for orange juice. Spain, Italy, and Greece are the leading producers, occupying 80% of the cultivated area (0.27 million hectares) in 2021. High production capacities and favorable climates in these countries contribute to the orange production. Despite a decline in overall fruit juice and nectar consumption in Europe due to sugar concerns, imports of citrus and tropical juices are expected to rise at an annual rate of 1% until 2029, driven by demand for these juices as natural ingredients in various products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Spain 01/10/2024 The European orange market size is estimated at EUR 5.9 billion in 2024, and is expected to reach EUR 7 billion by 2029 when including juices. According to the Food and Agriculture Organization of the United Nations (FAO), Europe is the world's 2nd largest market for oranges, with a cultivated area of 0.27 million hectares in 2021, driven by the growing demand for orange juice in the region. Spain is the largest orange producer in the region, with 3.6 million metric tons in 2021, followed by Italy with 1.7 million metric tons and Greece with 0.8 million metric tons. Production capacities remain high Orange production is concentrated in the Mediterranean region. Spain and Italy account for 80% of European orange production, with the remaining 20% distributed among other European Union countries such as Portugal, Greece and Cyprus. High production capacities and beautiful climatic conditions contribute to orange production. Orange production is strongly influenced ...

Source: Fructidor