The global fruit concentrate puree market is set for significant growth, projected to expand from USD 1,932.0 million in 2024 to an impressive USD 3,882.2 million by 2034. This robust growth trajectory, at a compound annual growth rate (CAGR) of 7.2%, highlights the market’s potential and attractiveness for investors and industry stakeholders. The market’s expansion is driven by increasing health consciousness among consumers, rising standards of living, and the growing use of fruit purees in various food products.
The demand for fruit concentrate purees is being propelled by several key factors. Fitness-conscious younger generations are increasingly enamored with fruit-based drinks, driving the market’s growth. Additionally, dieticians’ recommendations to include more fruits in diets are boosting the popularity of fruit concentrate purees. The rising popularity of frozen fruit purees, particularly among health-conscious consumers, further benefits the market. With an increasing number of consumers paying more attention to their health, the fruit concentrate puree market is witnessing a surge in demand.
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Furthermore, the use of fruit concentrate purees in a variety of snacks, including bakery foods and desserts, is expanding. This trend is supported by consumers’ growing knowledge of the health benefits associated with fruit-based purees and their preference for natural, nutritious ingredients.
Several factors are driving the growth of the fruit concentrate puree market:
- Health Consciousness: The increasing focus on health and fitness among consumers is leading to a higher demand for nutritious and convenient food options. Fruit concentrate purees, known for their health benefits, are becoming a popular choice.
- Product Innovation: The market is witnessing innovation in terms of product offerings. The introduction of sugar-free and organic fruit concentrate purees caters to the evolving preferences of health-conscious consumers.
- Rising Standards of Living: With the improvement in living standards globally, consumers are more willing to invest in healthier food options, including fruit concentrate purees.
- Functional Foods: The growing trend of functional foods, which include fruit concentrate purees, is driving market growth. These foods offer additional health benefits, making them attractive to consumers.
Key Takeaways from the Report:
- An unyielding competition between local manufacturers and global players has lowered the momentum for international trade of fruit concentrate purée. To rev up the native production of fruit concentrate purée, countries are fortifying their importation laws, levying additional duty on imports of purée concentrates.
- While strong import barriers & uptight antidumping laws are diminishing the global supply for fruit concentrate purée, the global economic meltdown is also impeding the demand for such products.
- Undulating import-export and trade policies are inducing instability in the overall growth of global fruit concentrate purée market.
- The demand-supply gap in the global market for fruit concentrate purée is further aggravated when harsh environmental conditions end up ruining the produce of fruit plantations across the globe.
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The market for fruit concentrate purée is anticipated to grow at the quickest rate in Latin America, both in terms of volume and value. Fruit concentrate purée sales in Latin America would grow rapidly at over 11% CAGR, while North America and Western Europe would command more than 50% of global sales. It is anticipated that the market for fruit concentrate purée would grow successfully in Latin America, as well as considerably in Eastern Europe, the Middle East, and Africa, as well as Asia-Pacific (APEJ), except Japan.
Agrana Juice GmbH and Doehler GmbH will remain two key companies dominating the competitive landscape of global fruit concentrate purée market. These companies are actively contributing in global production of purée concentrates from all fruit families; citrus, berry, orchard as well as exotic.
Companies such as Tree Top Inc., and Watt’s SA are specialising in production of exotic and orchard fruit concentrate purée, while the global market is also witnessing considerable participation from companies such as China Huiyuan Juice Group Ltd., Cobell Ltd., Fénix S.A., Grünewald Fruchtsaft GmbH, Kerr Concentrates Inc., and Tianjin Kunyu International Co. Ltd.
Segmentation in 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
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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