Fruit Powders Market Outline
Fruits are natural sources for verity of elements such as vitamins, antioxidants and minerals. The popularity of the fruits can be attributed to the consumer perception of health benefits. Fruit powders are grinded fruits and has wide applications ranges from additives in food to the flavoring agents. These are used because of its long self-life, low logistic expenditure and other vast multi-disciplinary uses. The verity of the fruit powders are available in organic markets and health food stores.
Fruit powder market was valued at US $ XX Mn and expected to grow at 7.85% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Fruit Powders Market Dynamics
Fruit powder market is primarily driven by the rise in demand especially in food industry due to its health and nutritional benefits. In addition, increase in the consumer preferences towards the health drinks and fruit flavors coupled with its use in the pharmaceuticals, beverages expected to boost the market growth furthermore. Moreover, increase in demand for the convenience and ready to eat drink products expected to surge the market over the forecast period. However, seasonal availability of fruits and environmental factors that damage the fruits may hamper the market growth during the forecast period
Global market is segmented based on product, end user and geography
Based on product, global market is segmented into the following:
- Orange Powder
- Mango Powder
- Citrus Powder
- Apple Powder
- Papaya Powder
Based on the end user, global market is segmented into the following:
- Food & Beverages Industry
- Nutraceutical Field
Based on region, global market is segmented into the following:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
Geographically, global fruit powder market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Globally Asia Pacific fruit powder market expected to grow at the significant rate owing to the adaptation of natural food products by the consumers coupled with the rise in demand for the packaged or ready to drink products with natural health benefits. North America expected to be the prominent market for the fruit powders over the forecast period owing to the high consumption of fruits and rise in awareness among the public on consumption of the natural food products. Europe market anticipated to have the notable growth opportunity owing to the rise in demand of the fruit powders and its usage in the confectionary, beverages and bakery industries.
- Kanegrade (U.K)
- DMH Ingredients (U.S.)
- Aarkay Food Products (India)
- Paradise Fruits (Germany)
- NutriBotanica (Brazil)
- Nutradry (Australia)
- FutureCeuticals (U.S.)
- Fruit d’Or Nutraceuticals (Canada)
- Super Sprout (Australia)
Notable Market Developments:
- In December 2014, Super Sprout, an Australian health foods company has launched a line of fruit and vegetable powders to the U.S. market.
- In October 2016, Fruit d’Or Nutraceuticals has launched encapsulated cranberry powders.