Fruit Puree Market is Anticipated to Witness 6.0% CAGR Growth till 2027
The global Fruit Puree Market size is expected to reach USD
6.16 billion by 2027, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 6.0% over the forecast period. Increasing application of
the product in bakery, confectionery, baby food, and alcoholic and non-alcoholic
beverages is fueling the market growth across the globe. In addition,
rapid urbanization, along with growing working class population, has been
creating demand for processed and packaged food, which, in turn, is leading to
high demand for fruit puree in the food processing industry.
In terms of product, the tropical and exotic fruit
puree segment held the largest share of over 35.0% in 2019. Ease of availability
and wide utilization of the tropical products have fueled the growth of
segment. Citrus fruit puree is expected to witness the fastest growth over the
forecast period owing to its high nutrient and vitamin content.
The beverages application segment led the market in
2019 with more than 30.0% share of the total revenue. Increasing number of
health conscious consumers, along with rising purchasing power in developing
countries, such as China and India, has boosted the demand for packed juices.
This, in turn, has increased the application of fruit puree in the beverage
industry.
There has been an upsurge in the sales of the baby
food products owing to the increasing parents’ concerns regarding numerous
adulteration practices. This growing trend, coupled with rising demand for the
premium baby foods, is expected to fuel the growth of the baby food segment in
the near future.
Fruit Puree Market Report Highlights
- In terms of product, the tropical and exotic segment dominated the
market with over 35.0% share of the global revenue owing to the extensive
application scope of the product in the food and beverage industry
- Asia Pacific is expected to witness the fastest growth from 2020
to 2027 owing to growing demand for the product for beverage preparation
in the commercial and household applications in countries, such as China
and India
- By application, the beverages segment dominated the market in 2019
with more than 30.0% share of the global revenue
- Product innovation is expected to remain one of the key strategies
among the industry participants in the near future
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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