A lead analyst at AMR highlighted that the fruit puree market across Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.
Allied Market Research published a research report on the fruit puree market. The findings of the report states that the global market for fruit puree generated $4.3 billion in 2021, and is projected to reach $7.8 billion by 2031, witnessing a CAGR of 6.3% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
“A number of factors, including rising demand from the bakery and infant food industries, have contributed to the fruit puree market’s strong expansion. A significant customer base for the fruit puree goods is also provided by the Asia Pacific region’s booming food and beverage industry. The expansion of the market is anticipated to be hampered during the forecast period by rigorous food regulations in the U.S. and Europe.” said Roshan Deshmukh, Manager, Food and Beverages at Allied Market Research.
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The report provides insights on drivers, restrains, and opportunities to help the market players in devising growth strategies and capitalizing on opportunities. Growing usage of fruit puree as a base for bakery fillings in tarts, Danish pastries, sweet pies, cheesecakes, mousses, and many other bakery food products, increased consumer propensity for packaged food, and nutritional advantages offered by fruit puree drive the growth of the global fruit puree market. On the other hand, high cost of fruit puree restrains the growth to some extent. However, increase in consumption of healthy diet and rising consumer knowledge about the benefits of eating well are expected to create lucrative opportunities for the key players in the industry.
The report also offers a detailed scenario of the impact of the Covid-19 pandemic on the fruit puree market globally. It is helpful for the market players, new entrants, and investors to determine strategies as per the current scenario and improvise the business model for the next few years. The outbreak of the pandemic had a positive impact on the growth of the global fruit puree market. The fact that the anti-oxidants in fruit purees help boost immunity and guard against cell damage in the body had boosted the market growth in several ways. Due to the possibility that it may strengthen immunity, sales of fruit puree witnessed a steep incline during pandemic. However, on the other hand, factory closures in the majority of countries hampered the process of fruit puree extraction, thus creating a mixed impact on the market.
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By nature, the conventional segment contributed to the major share in 2021, holding more than half of the global market, and is expected to maintain its lead in terms of revenue during the forecast period. In addition, the same segment is expected to manifest the highest CAGR of 6.7% from 2022 to 2031.
By application, the food and beverages segment held the highest share in 2021, accounting for more than half of the global fruit puree market. Simultaneously, the cosmetics and personal care products segment is projected to display the fastest CAGR of 7.2% throughout the forecast period.
By region, Asia-Pacific held the highest in 2021, holding more than one-third of the total fruit puree market share, and is expected to hold the lion’s share in terms of revenue by 2031. The same region is
also anticipated to cite the fastest CAGR of 7.3% during the forecast period. The research also assesses regions including North America, Europe, and LAMEA.
Leading market players of the global fruit puree market analyzed in the report include Aseptic Fruit Purees, China Kunyu Industrial, David Berryman Ltd, LLC, Doehler Group SE, Fruit Puree Miami, Grunewald International, Ingredion Incorporated, Uren Food Group, Milne Fruit Products, Inc., Agrana Zucker Starke und Frucht Holding AG, Dennick FruitSource, Sicoly Cooperative, SVZ International B.V, The Perfect Puree of Napa Valley, and Tree Top Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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