Global Fruit Puree Market to Hit $5.84 Billion by 2027, Fueled by Rising Demand for Functional Food and Beverages
The Business Research Company’s Fruit Puree Market Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-203
LONDON, GREATER LONDON, UK, October 30, 2023 /EINPresswire.com/ — The global fruit puree market, currently valued at $4.22 billion in 2022, is expected to witness a significant surge, reaching $4.54 billion in 2023 with a notable compound annual growth rate (CAGR) of 7.6%. Despite the challenging global economic scenario due to the Russia-Ukraine conflict and its subsequent implications, the fruit puree market is anticipated to maintain positive growth momentum, projecting an estimated value of $5.84 billion by 2027. The market is primarily propelled by the escalating demand for functional food and beverages, emphasizing the integration of fruit purees to enhance nutritional value and overall product appeal.
Market Segmentation and Key Players
•Fruit Type: Apple Puree, Banana Puree, Plum Puree, Strawberry Puree, Other Fruit Types
•Category: Organic, Conventional
•Application: Beverages, Bakery, Baby Food, Other Applications
Key players such as SunOpta Inc., Archer Daniels Midland Company, and Kerry Group plc are actively introducing innovative products and expanding their market presence to meet the evolving consumer preferences for healthy and functional food options.
Driving Force: Rising Demand for Functional Food and Beverages
The growing consumer inclination towards functional food and beverages, which offer additional health benefits and nutritional value, is a key driving factor for the fruit puree market. With an increasing adoption of functional foods and beverages globally, the incorporation of fruit purees in various products, such as probiotic drinks and functional food items, is on the rise. This trend is further supported by the surge in global probiotic consumption, emphasizing the growing importance of functional food in maintaining overall well-being and promoting a healthy lifestyle.
For detailed insights, explore the sample report on the global fruit puree market:
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Technological Advancements and Product Innovations
Companies like Oregon Fruit Products LLC are leading the way in product innovation within the fruit puree market, launching the tart Rhubarb Puree as part of their new line of certified organic products. This innovative puree, free from preservatives and additives, caters to various beverage segments, including beer styles, non-alcoholic seltzers, and kombuchas, further expanding the application scope of fruit purees in the beverage industry.
Industry Expansion and Acquisitions
The strategic acquisition of Valley Processing by Milne Fruit Products, Inc. represents the industry’s focus on bolstering production capabilities and enhancing the quality of fruit-based products. This move is indicative of the growing emphasis on expanding processing facilities to meet the escalating demand for fruit purees and allied products within the food and beverage sector.
Regional Insights: Asia-Pacific Leads the Way
With Asia-Pacific emerging as the largest region in the fruit puree market in 2022, the comprehensive market report offers detailed regional insights and forecasts, encompassing key trends and growth prospects across diverse geographic segments.
Access the complete report for in-depth analysis of the global fruit puree market:
https://www.thebusinessresearchcompany.com/report/fruit-puree-global-market-report
Fruit Puree Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Fruit Puree Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on fruit puree market size, fruit puree market drivers and trends, fruit puree market major players, fruit puree market competitors’ revenues, market positioning, and fruit puree market growth across geographies. The fruit puree market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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