The global fruit pomace market is projected to reach a valuation of US$ 3.5 billion in 2023 and is anticipated to grow to US$ 5.0 billion by 2033, surging from US$3.5 billion in 2023, with a compelling Compound Annual Growth Rate (CAGR) of 3.5%.
Fruit pomace, once relegated to waste, is experiencing a remarkable transformation. This versatile ingredient, the leftover pulp and skin after fruit processing, is now recognized for its rich nutritional content and diverse applications. Fruit pomace boasts a treasure trove of dietary fiber, antioxidants, and pectin, making it a highly sought-after component in the food and beverage industry.
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Key Takeaways
- The market is set to expand at a steady pace, with a projected valuation of US$ 5.0 billion by 2033.
- The versatility of fruit pomace in various industries, including animal feed, nutraceuticals, and food and beverages, ensures a broad market reach.
- Investing in fruit pomace aligns with the global shift towards sustainable and eco-friendly products.
- The growing consumer focus on health and wellness is driving demand for fruit pomace, particularly in the context of plant-based diets and nutritional supplements.
The market’s ascent is fueled by several key factors:
- Rising Demand for Plant-Based Products: Consumers are increasingly opting for healthy and sustainable alternatives, propelling the demand for plant-based ingredients like fruit pomace.
- Nutritional Powerhouse: Manufacturers are incorporating fruit pomace into various products to enhance their nutritional value, attracting health-conscious consumers.
- Product Innovation: Continuous product development is creating a wider variety of fruit pomace formats, such as powders, pastes, and liquids, catering to diverse industry needs.
- Sustainability Focus: Fruit pomace utilization reduces waste and promotes resource efficiency, aligning perfectly with the growing focus on sustainability.
Investment Opportunities Abound:
- High-Growth Potential: With a projected CAGR of 3.5%, the fruit pomace market offers substantial growth opportunities for investors with a long-term vision.
- Untapped Potential: Developing markets present immense potential for future growth, especially with rising disposable income and health consciousness.
- Sustainable Investment: By investing in the fruit pomace market, investors contribute to a more sustainable food system, fostering positive environmental impact.
Global Market Survey
- The U.S. fruit pomace market is expected to record a CAGR of 4.3%, reaching a valuation of US$ 524 million by 2033. The growing demand for low-fat, natural, and dietary supplement food items is driving market expansion.
- Canada is set to achieve a CAGR of 4.9%, with an anticipated market value of US$ 373 million by 2033. The rise in urbanization, consumer preference for healthy food trends, and increasing market penetration are key growth drivers.
- The Polish market is expected to grow at a CAGR of 3.3%, reaching US$ 352.4 million by 2033. The increasing prevalence of diseases and the focus on healthy diets are driving the consumption of fruit pomace products.
- The Russian market is projected to grow at a CAGR of 3.1%, with a valuation of US$ 238.3 million by 2033. The innovation in beverages and the rising demand for fruit pomace extract in food products are fueling market growth.
Start-up Ecosystem
Innovative start-ups are playing a crucial role in driving market growth through advanced technologies and sustainable practices. Companies like Lemon Concentrate, LaBudde Group, and Citrosuco are setting benchmarks in quality and innovation, contributing significantly to market expansion.
Key Players in the Market are
- LaBudde Group, Inc.
- Lemon Concentrate S.L.
- Citrosuco S.A.
- Sucocitrico Cutrale Ltd
- Agrana Beteiligungs-AG
- Marshall Ingredients, LLC
- Polyphenolics Inc.
- Louis Dreyfus Company B.V.
- FruitSmart Inc.
- Pacific Coast Fruit Products Ltd.
- GreenField Sp. z o.o.
- Appol sp. z o.o.
- Whole Vine Products
- Yantai North Andre Juice Co. Ltd.
Recent Developments in the Global Fruit Pomace Market are
- In August 2022, the Agrana field day took place on the premises of the Grafenegg estate administration, which nearly 400 farmers attended. The visitors were able to get an understanding of the current varieties of sugar beet and waxy maize in the respective plots.
- In March 2022, Louis Dreyfus Company and its partners celebrated the ground-breaking ceremony for Fuling Food Industrial Park, a joint venture with DOWNLINK group and HAID group in Nansha, Guangzhou.
Conclusion
The fruit pomace market presents a lucrative opportunity for investors, driven by increasing health consciousness, sustainability trends, and the rising popularity of vegan diets. With a steady growth trajectory and diverse applications, the market is poised for significant expansion, offering substantial returns on investment.
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