Fruit Preparations Market Size, Share and Analysis Report, 2024
22 November 2018 -
Global Fruit Preparations Market was valued at USD 8.4
billion by 2024 owing to rising demand for convenience food, changing
lifestyle, and preference towards ready to eat food. Constant product
development along with introduction of new flavors in fruit products are
expected to increase the demand for fruit preparations over the forecast
period. Additionally, rising number of fruit spread brands in region-specific
markets coupled with rising investments by large retailers in storage of
perishable food items will also drive the market growth.
The global
fruit preparation market is experiencing consistent changes. Rising number of
private labels in the market has resulted in fragmentation of the global
market. The rising demand for organic and natural products is changing the
market dynamics. Manufacturers are concentrating on providing organic fruit
products to the consumers as the consumers have become health conscious. The
increasing preference for organic fruit preparations is influenced by the
increasing awareness about the benefits of organic foods over the conventional
forms. Multiple players in the market are offering organic products to cater
the market demand. For instance, Crofters Food offers fruit spreads which are
organic in nature.
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The purees
segment dominated the fruit preparations market in 2016 and is expected to
retain its position over the forecast period pertaining to continuous demand
from European countries. Increasing adoption of western food culture by Asian
countries followed by continuous improvement in production infrastructure such
as China and India are expected to fuel the market demand for fruit preparations
over the forecast period. The Asia Pacific regions is expected to have the
highest growth rate over the forecast period, besides taking the focus of
vendors such as AGRANA, which has consolidated its presence in the region.
Puree
segment dominated the market in 2016, buoyed by the demand in fruit purees made
up of bananas, apples, strawberries, and mango. In addition, the end-usage of
puree in products such as fruit juices and yogurts has also added to its demand
growth in the market.
The market
for fruit preparations is marked by the presence of multiple companies having
presence across various regions. With the prevailing penetration in the
relative mature western markets, companies are focusing on expanding their
presence to potential growth economies in various regions including Asia
Pacific. The trend is expected to continue over the forecast period, where
vendors are more likely to consolidate their presence in countries such as
China and India. Some of the prominent players in the market are AGRANA
Beteiligungs-AG, Cargill, Incorporated., Bischofszell Nahrungsmittel AG, Valio
Oy, and Adolf Darbo AG.
Hexa
Research has segmented the global fruit preparations market report based on
product, end-use and region:
Segmentation
by Product, 2014 - 2024 (USD Million)
• Puree
• Jam
• Marmalade
• Puree
• Jam
• Marmalade
Segmentation
by End-use, 2014 - 2024 (USD Million)
• Dairy
• Ice cream
• Bakery
• Dairy
• Ice cream
• Bakery
Segmentation
by region, 2014 - 2024 (USD Million)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• India
• Rest of the World (RoW)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• India
• Rest of the World (RoW)
Key players
analyzed
• AGRANA Beteiligungs-AG
• Cargill, Incorporated.
• Bischofszell Nahrungsmittel AG
• Valio Oy
• Adolf Darbo AG
• AGRANA Beteiligungs-AG
• Cargill, Incorporated.
• Bischofszell Nahrungsmittel AG
• Valio Oy
• Adolf Darbo AG
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