Fruit Powder Market with Top Companies, Gross Margin, and Forecast 2030
Fruit Powder Market Overview
The Global Fruit Powder Market revenue
was valued at USD 15.0588 Billion in 2023 which is anticipated to reach the
valuation of USD 22.34693 billion with a positive CAGR rate of 6.80 % within
the forecasted period. the market is expected to
find many opportunities to grow to grow in the projected period of 2023 to 2030.
Rising awareness of healthcare, shifting
preference from artificial to natural products, increasing demand for
fruit-based products globally has propelled the fruit
powder market growth in past years. Also, they will play the role of major
market drivers in the projected period to boost market growth.
Covid-19 has affected the market positively
as the growing health awareness among people during pandemic has increased the
market growth unexpectedly. But the market also suffered from slowing down
supply chain due to lockdowns.
Key players are.
Some of the Global Fruit
Powder key Market players are Paradise Fruits, La Herbals,
FeatureCeutricals, Arakay Food Products, NutriBotanica, Batroy Foods, DHM
Ingredients, Kenegrade, International Flavours and Fragrances Inc., Nutridry
etc. These key companies are focusing on innovation, increasing production,
launching new flavors and looking for different opportunities to collaborate
with others to maintain a strong position in the market and withstand the
market competition.
Market Segmentation
The Global Fruit Powder Market is segmented
into Fruit type, application or end-use and region.
Based on the fruit type, the market is
segmented into Grape, Mango, Apple, Banana, Berries and other fruits.
Based on the application, the market is
segmented into Confectionery, Bakery, RTE and RTD products, soups, sauces,
jams, jellies, pickles, Dairy products, pharmaceutical, candies, beverages and
other applications.
The increasing demand for natural products
over artificial products, rising awareness for healthier lifestyle are the
major market drivers that will boost the Market growth in the forecasted
period. Also, the pandemic has opened
new possibilities for this market.
Regional Classification
According to the regional segmentation the
Global Fruit Powder Market is divided into North America, Europe, South
America, Asia Pacific, Middle East Asia and Africa.
Europe holds the largest Global Fruit
Powder Market share with the increasing demand for natural products, changing
lifestyle and health awareness among this region.
Asia Pacific is expected to be the fastest
growing market within the projected period due to the increasing demand for
organic products, health awareness, favourable government initiative within
this region.
Also, North America, Middle East Asia and
Africa are expected to witness steady growth in the forecasted period.
Industry News
• Paradise
Fruits, Germany has launched their brand new frozen fruit powders and granules
in February, 2020. They claimed the product is ideal for chocolates, pastries
and bakery goods.
• In
2022, the Kenegrade fruit powder company introduced their new pomegranate
powder in the market. The powder is yellowish pink in colour and has the
typical flavors and aroma of the fruit.
• In
2022, Batroy Foods announced their acquisition of DHM Ingredients. This
acquisition will result in the expansion of the company product portfolio and
bring more customers to the company.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of
Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013, United States of America
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