The fruit powder market is poised to witness at a 7.6% CAGR during the forecast period. The market for fruit powder is expected to expand from USD 17.5 billion in 2023 to USD 36.4 billion by 2033.
The rising demand for longer-lasting food products and the need for seasonal items year-round are driving the expansion of the fruit powder market across various sectors. Additionally, the increasing requirement for commercially available fruit powders processed through technologies such as vacuum drying, drum drying, spray drying, and freeze drying is further fueling market growth.
Fruit Powder Market Growth Benefits a Growing Number of Health-Conscious Consumers.
Consumers are increasingly seeking to optimize their nutrition through functional foods and beverages. Enhanced awareness of the benefits of micronutrients like vitamins, minerals, and amino acids has led to a rising demand for these products.
As lifestyles evolve, people are increasingly drawn to convenience foods that align with their specific nutritional needs, driving the expansion of the fruit powder market across various regions.
Factors Limiting the Fruit Powder Market Growth:
The process of making fruit powder involves dehydrating and drying fruits using methods such as freeze drying, drum drying, and spray drying. These methods are costly, which increases the price of fruit powder.
Because fruit powder is concentrated, it requires many fruits to produce a small amount of the product, further driving up its price. This higher cost, combined with the availability of alternatives, could limit sales and hinder industry growth.
Regional Analysis:
The Asia Pacific region is expected to grow significantly in the market during forthcoming years. This is attributable to customers’ increasing need for convenient and healthy food products as a result of their growing health consciousness.
Due to changing consumption habits and rising demand for novel food products, China and India are among the greatest consumers of convenience food. Along with this, the acceptability, affordability, and availability of the fruit powder are important factors driving regional market expansion.
Key Takeaways
- The US market for fruit powders is to exhibit a CAGR of 7.4% and reach US$ 12.9 Bn by 2033.
- The South Korea market for fruit powders is predicted to develop at a 5.4% CAGR to hit US$ 1.3 Bn by 2033.
- By 2033, the UK market for fruit powders is poised to increase at a 6.7% CAGR and hit US$ 1.5 Bn.
- The China market is predicted to witness a 7% CAGR and grow at US$ 2.6 Bn by 2033.
- By 2033, the Japan fruit powders market is anticipated to grow at a 6.1% CAGR to attain US$ 2.1 Bn.
- By product type segment of the fruit powders market, the Strawberry sector to develop at a CAGR of 7.4% during the forecast period.
- The Conventional sector may prosper at a CAGR of 6.9% over the forecast period, according to the nature segment.
Competitive Landscape:
Manufacturers in the fruit powder market should expect growing demand, mostly from the cosmetics and personal care industries.
The adaptability and growing demand for natural ingredients in cosmetics and personal care products are predicted to entice manufacturers to include fruit powder in their products. Companies are attempting to provide customised fruit powder to meet the diverse needs of cosmetics and personal care product producers.
NutraDry released Australian organic pumpkin powder in 2019. The powder is composed entirely of butternut pumpkins farmed organically in Australia, with no fillers or additions. Australian Certified Organics has certified it.
Major players working in the Fruit Powders Market are:
- Kanegrade Ltd.
- European Freeze Dry Ltd.
- Drytech Process (I) Pvt. Ltd
- The Green Labs LLC.
- Nutradry Pty Ltd
- Paradise Fruits Solutions Gmbh & Co.KG
- Vinayak Ingredients Private Ltd
- Watershed Foods LLC.
- Artemis International
- DMH Ingredients Inc.
- AS Harrison & Co Pty Ltd.
- RFI Ingredients
- Van Drunen Farms
Get in Touch for Expert Analysis: Connect with Our Specialist on Email: sales@futuremarketinsights.com
Key Segments
Based on Product Type:
- Strawberry
- Blackberry
- Black Currant
- Raspberry
- Blueberry
- Peach
- Apple
- Pear
- Apricot
- Plum
Based on Nature:
- Organic
- Conventional
Based on End Use:
- Fruit Processing
- Beverage Processing
- Dietary Supplements
- Pharmaceuticals
- Cosmetics and Personal Care
Based on Technology:
- Freeze Dried
- Spray Dried
- Vacuum Dried
- Drum Dried
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