The rising demand for clean-label ingredients in food products is driving growth in the fruit powder market. According to Future Market Insights (FMI), the fruit powder market is projected to expand at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2033. By 2033, the market is expected to increase in value from USD 17.5 billion to USD 36.4 billion.
The rising demand for longer-lasting food products and the growing preference for seasonal items available year-round are driving the expansion of the fruit powder market across various end-use sectors. Additionally, the increasing need for 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 constantly attempting to meet their optimal nutritional intake through functional food and beverages. Increase in consumer knowledge about the value of micronutrients such as vitamins, minerals, and amino acids has resulted into growing product demand.
With changing lifestyle patterns, people are more attracted towards convenience foods that match their unique nutritional requirements, contributing to the market expansion of the fruit powder across regions.
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
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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
Based on Region:
- North America
- Latin America
- Europe
- Ukraine
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
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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