Fruit Pulp Market Is Expected To Increase At A CAGR Of 5.8% Over 2017-2025
Date : Nov 30, 2017 Author : PMR Editorial Staff Category : Food and Beverage
Fruit Pulp market is mainly driven by the changing consumer preferences towards healthy and non-genetically modifies food.
Fruit pulp possess the same physical properties and taste as that of fruits because of a fine process by which fruits transform to puree or pulp. Fruit pulp impart better color and flavor in a finished product as compared to fresh fruits, which is a major factor driving the growth of the fruit pulp market. pulp have a smooth texture, which helps in the better formulation of finished goods.
Consumers in countries such as U.S. and Canada are shifting towards pulp over fruits because nutritional contents are maintained during the process of making pulp. Fruit pulp provide better color and taste in a juice as compared to fresh fruit juice, which is driving the pulp/puree market in this market. The revenue generated from Fruit Pulp market has been estimated to be valued over US$ 1,111.9 Mn in 2017, which is projected to increase at a CAGR of 5.8% during the forecast period (2017-2025).
Fruit Pulp market is mainly driven by the changing consumer preferences towards healthy and non-genetically modifies food. Adverse effects have reduced the demand for GMO food. Non GMO Fruit Pulp doesn’t create any harmful consequences on soil and human health whereas GMO fruit pulp can have both the problems. Changing preference toward nutritious and healthy products is the new trend for which companies are launching innovative products to supplement the demand of modern society. Fruit Pulp market will face a surge in demand as many food producing companies started focusing on Organic foods.
As per the experts, there is no scarcity of Fruit Pulps and farmers are willing to grow Fruit crops, but in the long run, the supply-demand chain will disrupt due to the low yields which will create an opportunity for Fruit Pulp suppliers and farmers. Fruit pulp has a longer shelf life than the fruit itself due to which Fruit Pulp market is expected to grow during the forecast period.
Globally, consumers are showing an increased interest in different types of tropical fruit extracts such as juice and pulp. Fruit pulp have vast applications, ranging from beverage products (like juice, cocktails, mocktails etc.) to food products (ice cream, confectionery, cakes etc.). Netherland and Germany are the leading countries in terms of fruit Pulp consumption, followed by U.S. The U.S., France and Saudi Arabia are major importer and consumer of fruit pulp, followed by UAE. China is the leading producer of fruits with a total production of 154.364 MT in the year 2013, followed by India 82.631 MT. Apart from this the other major fruit producing countries are Brazil, USA, Spain, Mexico, Italy and Indonesia.
Revenue generated from Fruit Pulp market is estimated to be valued at US$ 1,111.9 Mn by the end of 2017 and is expected to increase at a CAGR of 5.8 % over the forecast period. Global Fruit Pulp market is expected to be valued at US$ 1,750.4 Mn by the end of 2025.
The global fruit pulp market on the basis of fruit family, is segmented as berry Fruit, exotic fruit and orchard fruit. Berry fruit includes blueberry and strawberry. Exotic fruit consists of mango, papaya, apple, guava, passion fruit, pineapple and others (litchi, banana etc), whereas Orchard fruit considered are pear, peach and kiwi. Exotic Fruit segment is estimated to be 38.0% of the global fruit pulp market in 2017.