The Fruit Puree Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/fruit-puree-global-market-report
According to The Business Research Company’s Fruit Puree Global Market Report 2024, The fruit puree market size has grown strongly in recent years. It will grow from $4.54 billion in 2023 to $4.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased consumer demand for healthy foods, increasing preference for convenience foods, expansion of food and beverage industry, growing awareness of plant-based diets, demand for natural and clean label products
The fruit puree market size is expected to see strong growth in the next few years. It will grow to $6.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to innovations in flavor combinations, expansion of the functional foods sector, rise in demand for premium and exotic flavors, growth in global snack and dessert markets, increasing application in culinary practices. Major trends in the forecast period include focus on exotic and tropical flavors, innovations in packaging formats, sustainable sourcing and production practices, customization for foodservice and culinary applications, health and wellness trends, global expansion of fruit processing facilities.
Rising demand for functional food and beverages is expected to propel the growth of the fruit puree market going forward. Functional foods and beverages are dietary components with additional nutrients and energy supplements. Functional foods such as probiotic drinks or food are blended with natural options such as fruit purees of fruits such as berries, apples, and bananas to make the drink or food healthier. For instance, in May 2022, according to the International Probiotics Association, a US-based non-profit organization for probiotics, global probiotic (a functional food) consumption increased from $448 billion in 2019 to $476 billion in 2021. Therefore, the rising demand for functional food and beverages is driving the growth of the fruit puree market.
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The fruit puree market covered in this report is segmented –
1) By Fruit Type: Apple Puree, Banana Puree, Plum Puree, Strawberry Puree, Other Fruit Types
2) By Category: Organic, Conventional
3) By Application: Beverages, Bakery, Baby Food, Other Applications
Product innovations are a key trend gaining popularity in the fruit puree market. Major companies operating in the fruit puree market are introducing innovative products to sustain their position in the market. For instance, in July 2023, Oregon Fruit Products LLC, a US-based manufacturer of fruit-based products, launched tart Rhubarb Puree, along with a new line of certified organic products. This innovative puree has a rosy blush color with 100% natural fruit and no preservatives or additives making it ideal for various beer styles, such as IPA, fruited sour, non-alcoholic seltzers, and kombuchas.
The fruit puree market report table of contents includes:
1. Executive Summar
2. Fruit Puree Market Characteristics
3. Fruit Puree Market Trends And Strategies
4. Fruit Puree Market – Macro Economic Scenario
5. Global Fruit Puree Market Size and Growth
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26. South America Fruit Puree Market
27. Brazil Fruit Puree Market
28. Middle East Fruit Puree Market
29. Africa Fruit Puree Market
30. Fruit Puree Market Competitive Landscape And Company Profiles
Top Major Players:
- Symrise AG
- Tate And Lyle PLC
- Welch Foods Inc
- Boiron Freres SAS
- Tree Top Industries Inc
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