The fruit concentrate puree consumer market is currently valued at US$ 1700Mn in the year 2021which is estimated to grow with a CAGR of 6.8% to a value of US$ 3282.2 Million for the forecast period of 2022 to 2032.
According to Future Market Insights, such issues will limit the worldwide fruit concentrate puree market’s growth. The global market for fruit concentrate purée, which is currently worth over US$ 1,300 million, is expected to grow at a 4.8% CAGR to US$ 2,149.1 million by the end of 2026. During this forecast period, global consumption of fruit concentrate purée will also grow moderately, with global sales of little more than 6,000 tonnes and a volume CAGR of 3.7%.
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The Exotic Fruit category in the worldwide fruit concentrate puree market is predicted to be worth more than US$ 400 million in 2017, with a CAGR of 5.7% expected to reach more than US$ 700 million by the end of 2026. Between 2016 and 2026, the Exotic Fruit concentrate puree market is expected to generate an absolute $ potential of US$ 274.34 Mn. In terms of volume, the Exotic Fruit category is predicted to grow at a CAGR of 3.8% during the forecast period.
- 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.
The increased production of non-GMO fruit farms, according to the report, may cause the widening demand-supply imbalance in the worldwide fruit concentrate purée market to narrow. The manufacture of infant foods with purée concentrates and their longer shelf lives is expected to increase in the coming years, which will likely boost demand for fruit concentrate purée on a global scale.
In terms of volume and value, the market for fruit concentrate purée is expected to grow at the fastest rate in Latin America. Sales of fruit concentrate purée in Latin America would expand fast at a CAGR of more than 11%, while North America and Western Europe would account for more than half of global sales. The market for fruit concentrate purée is expected to grow successfully in Latin America, as well as significantly 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.
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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
Key Questions Answered in the Report
- How much is the Fruit Concentrate puree market currently worth?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- What are the key trends boosting Fruit Concentrate puree sales?
- How are market players reacting to the new developments in the market?
- How much share do the top 3 companies hold?
- Which are the major countries driving demand for Fruit Concentrate puree?
- Who are the major players in the Fruit Concentrate puree Market?
- What outlook does APAC provide?
- At what rate will the U.S. Fruit Concentrate puree market grow?
- At what level does the report reflect pricing analysis?
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