The global fruit concentrate puree market is expected to grow at a healthy CAGR of 6.8% from 20022 to 2032. The target market is set to reach a valuation of US$ 3,282.2 million by 2032 as opposed to US$ 1,815.60 million in 2022. Fruit concentrate puree is pasteurized for a minimum of twenty seconds at 190°F or higher and offers authentic fruit flavor. The target market is significantly influenced by the nutritional benefits of consuming fruit concentrate puree.
Fruit purees are rich in nutrients and vitamins, and have lower sugar content. This aspect acts as a key driver of the fruit concentrate puree market. Fruit concentrate puree also witnesses a wide range of applications including baby foods, snacks, and other sweet products which augments the growth of the fruit concentrate puree market.
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Historically, the fruit concentrate puree market was valued at US$ 1700 million in 2021 and will continue to present positive growth over the forecast period. Amidst a wide array of uses, fruit concentrate finds application as sugar or as an alternative to corn syrup and sugar in various food and beverage items including soft drinks, soda pops, other beverages, and juices. Moreover, fruit concentrate puree is an ingredient that is finding expansive use in cosmetics and the pharmaceutical industry. The various medical benefits associated with fruit concentrate as well as the extended product usability offered by it will have a positive impact on the global sales of fruit concentrate puree in the forthcoming years.
Prevailing health and wellness trends are likely to be the main drivers of the fruit concentrate puree market. More and more consumers are becoming aware of the benefits of a healthy lifestyle which augurs well for the market. Additionally, the growing demand for flavored dairy products also spurs the demand for fruit concentrate pure. Furthermore, the market is expected to benefit from opportunities like the increasing number of technological advancements that help the growth of the food processing sector, rising demand due to economical storage, and improved shelf life. The increasing adoption of packaged and convenience foods due to shifts in consumer preferences will also bolster the growth of the fruit concentrate puree market during the projection period. The market will also face certain challenges like the growing trade deficit and storage issues which may hinder the growth of the fruit concentrate puree market in the upcoming years.
Key Takeaways:
- The rapidly growing bakery sector will strengthen market prospects for fruit concentrate puree as consumers are seeking out the different flavors in baked goods.
- By type, the exotic fruit puree segment will gain traction during the assessment period with a CAGR of 3.8%
- Organic fruit concentrate puree will undergo higher demand due to growing awareness of the negative effects of synthetic products.
- The US fruit concentrate puree market will remain as one of the key markets owing to greater health consciousness among consumers.
- The fruit concentrate puree market in Brazil will experience significant growth due to the growing demand for packaged products.
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Competitive Landscape
SVZ Industrial Fruit & Vegetable Ingredient, Newberry International Produce Limited, Ariza b.v., ABC Fruits, Go Fruselva S.L., and Lemonconcentrate S.L.U., among others, are a few of the key players in the fruit concentrate puree market profiled in the full version of the report.
In a competitive environment, leading market players are focusing on product development and innovation to attract a wider consumer base. These businesses also employ various organic and inorganic growth strategies to gain a competitive advantage.
More Insights Into Fruit Concentrate Puree Market
FMI offers an unbiased analysis of the global fruit concentrate puree market in its latest report, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. The report offers insights into a ten-year sales prospect, market drivers, opportunities, trends, and challenges. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, fruit family, application, and region.
According to FMI estimation, based on segmentation, the exotic fruit puree segment will gain popularity over the assessment period. Exotic fruit puree is increasingly available at low costs and with ease which prompts growth for the segment. In terms of type, organic fruit concentrate puree will dominate the market as consumers become increasingly aware of the adverse effects of synthetic products. Based on countries across the globe, the fruit concentrate puree market in the United States of America will exhibit substantial growth. Fruit concentrate puree is one of the most popular products in the country. Rising health consciousness, demand for natural ingredients, and lifestyle preferences drive the growth of the fruit concentrate puree market in the US. Additionally, Brazil, China, and New Zealand will aid the global growth of the fruit concentrate puree market.
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Segmentation in the Fruit concentrate puree market
Fruit type:
- Cherry
- Banana
- Apple
- Mango
- Blackcurrant
- Passion fruit
- Strawberry
- Guava
- Blueberry
- Cranberry
- Others
Product type:
- With Sugar
- Sugar-free
Application:
- Beverage
- Baby Food
- Bakery products
- Sauces & Dressings
- Desserts & Dairy
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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