💡 A Deep Dive into $104 Apple Industry
ReadOn Insights February Report: India's Apple Industry. Read on!
ReadOn Insights is our latest initiative to make quality industry insights available to all business owners, employees, professionals and investors and enable them to think sharper, deeper, smarter.
In the eighteenth edition, we look at the $104 billion global apple industry.
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👉 Apple is the third most produced fruit in the world after banana and watermelon, and India is the 5th largest producer of apples in the world.
👉 Rising health consciousness, growth of the organic food market, rising disposable income and the invention of low chill apples are driving growth for the industry.
👉 Kashmir is known as the apple paradise of India, accounting for 70% of India's apple production and offering direct and indirect employment to 35 lakh people.
👉 From candied apples and apple jam to sauces and wines, brands are offering value-added products from apples!
With established brands and new age brands stirring innovation with value-added products, the future of this industry looks very exciting! Read on 👇🏻
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