Fruit Powder Market Share, Analysis & Industry Report 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Fruit Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global fruit powder industry trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Fruit Powder Market?
The global fruit powder market size reached US$ 18.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Fruit powder is made by drying fresh fruits and grinding them into fine powder. It is prepared from a variety of fruits, including berries, apples, oranges, and tropical fruits like mango and pineapple. It retains the vitamins, minerals, and antioxidants present in fresh fruits and offers a nutrient-dense alternative to fresh fruits. It is easy to store and transport and offers convenience. Fruit powder is used in a variety of recipes, including smoothies, baked goods, and seasoning blends, as a natural food coloring and flavoring agent. It is also added as a concentrated fruit flavor to recipes without adding moisture or altering the texture of the final product. Moreover, it is employed as a meat tenderizer as it contains high levels of fiber and water content that help prevent constipation and keep a healthy digestive tract. At present, fruit powder is easily available through supermarkets, hypermarkets, food and drink specialty stores, convenience stores, and online stores across the globe.
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What are the growth prospects and trends in the fruit powder industry?
At present, the rising health consciousness among consumers and shifting preferences towards natural and organic alternatives to synthetic flavors and additives represent one of the key factors positively influencing the market across the globe. Moreover, the growing concerns among the masses about the health and environmental impacts of the food they eat are catalyzing the demand for products that are free from synthetic additives and chemicals, which is creating a favorable market outlook.
Additionally, fruit powders are easy to use and are added to a variety of food and beverage products, such as smoothies, yogurt, baked goods, and snack bars, which is offering lucrative growth opportunities to key market players for expanding their product portfolio. In line with this, fruit powders are gaining immense popularity as functional food products designed to provide health benefits beyond basic nutrition, which is strengthening the market growth. Moreover, ongoing advances in technology and transportation and the easy availability of exotic fruits are contributing to the production of a wide range of fruit powders.
Additionally, manufacturers are introducing a variety of flavors in fruit powder, such as mint, lemon, vanilla, and strawberry, which is fueling the market growth. Furthermore, the increasing penetration of high-speed internet and rising usage of mobile applications that facilitate easy availability of fruit powder at doorsteps are propelling the market growth. Other factors, such as inflating disposable incomes and significant expansion of the e-commerce sector, are stimulating the market growth around the world.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Fruit Type:
• Grape
• Apple
• Mango
• Banana
• Berries
• Others
Breakup by Technology:
• Freeze Dried
• Spray Dried
• Vacuum Dried
• Drum Dried
Breakup by Distribution Channel:
• Business to Business
• Business to Consumer
o Supermarkets and Hypermarkets
o Food and Drink Specialty Stores
o Convenience Stores
o Online Stores
o Others
Breakup by Application:
• Bakery
• Confectionery
• Snacks and RTE Products
• Dairy
• Beverages
• Soups and Sauces
• Others
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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The competitive landscape of the market has been studied in the report with the detailed profiles of the companies operating in the market.
- Aarkay Food Products Ltd.
- Döhler Group SE
- Drytech Processes (I) Pvt Ltd
- European Freeze Dry
- FutureCeuticals Inc. (R. J. Van Drunen & Sons Inc.)
- Iprona SpA
- Kanegrade Ltd
- Nutradry Pty Ltd
- Paradise Fruits Solutions GmbH & Co. KG
- Saipro Biotech Private Limited
- The Green Labs LLC
- Watershed Foods LLC
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