Global Fruit Pomace Market Expected to Surpass US$ 4,155.6 Mn by 2027
The global fruit pomace market, which stands at US$ 3,028.7 Mn in 2019, is expected to reach US$ 4,155.6 Mn by the end of 2027. The aforementioned market figures hint towards steady growth. According to the report, the global fruit pomace market will rise at a CAGR of 4% between 2019 and 2027. The market is currently dominated by Eastern Europe. It is expected to remain the most attractive market for fruit pomace through the course of the forecast period. In terms of source, grape has emerged as the leading segment. The rising use of fruit pomace across diverse sectors such as animal feed, beverage processing, and dietary supplements is enabling growth in the overall market.
FREQUENTLY ASKED QUESTIONS ABOUT fruit pomace market
What drives the fruit pomace market?
The rising use of fruit pomace across diverse sectors such as animal feed, beverage processing, and dietary supplements is enabling growth in the overall market.
Which are factors restraining fruit pomace market?
Fruit pomace often incurs increased processing cost, thus most industries dispose it off as waste. This hampers the market to an extent.
Which region will lead the global sales of fruit pomace?
Future Market Insights predicts Eastern Europe to emerge as the leading market fort fruit pomace.
Which end use segment offers most lucrative growth opportunities?
Fruit pomace is used for application in diverse industries. For instance, it witnesses high demand in food and beverage processing and animal feed industries. It is also increasing used in biofuel production and dietary supplements segment.
Which trends support growth of the fruit pomace market?
The rising proclivity for consumption of organic products is a key trend supporting the expansion of the fruit pomace market.
Increasing Use of Fruit Pomace Makes Dietary Supplements a Key End-use Segment
Dietary supplement consumption has become remarkably popular in the last decade. The trend is likely to continue, considering the increasing demand for fiber rich dietary supplements. These supplements have proven to help in weight management. Dietary fibers present in these supplements aid digestion by reducing bloating, boosting immunity and helping in detoxification. Driven by these factors, several leading manufacturers are looking to incorporate organic and natural ingredients in their supplements. Because fruit pomace is rich in dietary fiber, it is introduced in various dietary supplements. Fruit pomace is often blended with other products to ascertain wholesome nutrition in dietary supplements.
North America Emerges as Lucrative Market for Fruit Pomace
Globally the consumption organic products is increasing and so is expenditure by consumers. In North America, the sales of certified organic products showed a significant jump in 2015, a trend which continued through 2019. The organic product consumption is still trending. If popular expert opinions hold true, the trend is unlikely to cease in the coming years. In addition to this, the rising awareness regarding health and wellness is likely to boost consumption of organic products in developing economies, subsequently paving the way for penetration of fruit pomace market.
* This data is only a representation. Actual data may vary and will be available in report.
Fruit Pomace is Cost-effective for Food and Beverage Processors to Incorporate Nutrients
Consumer palates has evolved in the past few years and this has led to the requirement of healthy food and beverage options in the market. But along with healthy options, consumers are concerned about the price too. Thus, food manufacturers need to pay attention to the production cost so that they can set the price of products based on consumer appetite, while also ensuring sustainable production and profits. Fruit pomace is an ideal raw material in this scenario that has led food manufacturers to utilize fruit pomace in their products as a cost-effective addition. Fruit pomace is available at economical rates, since the fruit processing industry considers it as a by-product, and supplies the fruit pomace obtained after fruit processing at a very low price. This fruit pomace can then be added to food products to increase their nutritional value while also keeping production costs in check.
Grapes represented the largest segment.
Berries is expected to remain lucrative segment through forecast period.
Liquid/ Paste Segment represented largest market share
Pellets emerged as second-leading segment
Animal feed segment holds dominance
Dairy supplements will emerge as attractive end use segment
How Growth will Unfold
The rising population is bolstering the demand for food hence livestock products, especially in developing countries. To cater to this, the livestock population has to increase, which inevitably fuels the demand for their feed. Given the scenario, increase in global prices of feed ingredients such as wheat, fish meal, maize, and soya bean meal does not carry a good news for farmers. Alternatives for livestock are thus in high demand. Fruit pomace is a by-product obtained from fruit processing of apple, banana, berries, citrus, grape, mango, and other fruits. It is a cheap intermediate product that can be easily used as an ingredient for livestock feed. Dietary fibers and nutritional content fruit pomace make it an appealing alternative to popular livestock feed.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Fruit Pomace Market: Forecast, Trend, Analysis & Competition Track - Global Review 2018 to 2027
The report on the global fruit pomace market is intended to offer global industry assessment for 2012-2018 and 2019-2027. In this study, Future Market Insights (FMI) covers some of the chief factors that are likely to impact the demand and supply of fruit pomace over the next couple of years. It includes detailed review of growth drivers, challenges, opportunities, and prevailing trends in the market. It therefore covers crucial information intended to help readers get a comprehensive overview of the fruit pomace market.
Fruit Pomace Market Taxonomy
The report segments the global fruit pomace market in detail to present an executive-level blueprint to the reader
- Liquid/ Paste
- Dairy Product
- Beverage Processing
- Food Processing
- Edible Oils and Fat
- Animal Feed
- Biofuel Production
- Cosmetic & Personal Care
- Pectin Production
- Dietary Supplements
- North America
- Latin America
- Western Europe
- Eastern Europe
The executive summary of the report covers country analysis, proprietary wheel of fortune, demand-side and supply-side trends, and opportunity assessment. Also, it offers recommendations to help companies establish a foothold in the global fruit pomace market.
Readers can find a detailed segmentation of the overall fruit pomace market share in this chapter. This section also highlights inclusions and exclusions to help readers understand the scope of the report.
Readers can find valuable information on the key segments within the market, besides relevant definitions in this chapter. Associated industry assessment is also carried out to study the fruit pomace market trends, prevailing dynamics, trade analysis, and supply and value chain. Consumers’ perception on fruit pomace is explained in consumer survey analysis and social media sentiment analysis included in this chapter.
This chapter studies the growth trajectory exhibited by the fruit pomace market across various segments. In terms of form, the market is bifurcated into blanched and natural. On the basis of source, the report covers apple, citrus, banana, berries, grape, mango, and others. In terms of end use the market is segmented into dairy product, beverage processing, food processing, edible oils and fats, animal feed, biofuel production, cosmetics and personal care, pectin production, dietary supplements, and others. Based on form, the market is classified into powder, pellets, liquid/ paste. In terms of nature, the market is bifurcated between organic and natural. On the basis of region, the report covers North America, Latin America, Western Europe, Eastern Europe, APAC, and the Middle East and Africa.
This chapter includes a detailed analysis of the growth exhibited by the market in North America. It also offers country-wise assessment of the market that covers growth exhibited in the U.S. and Canada. Readers can also find information on prevalent trends and regulations in the North America market for fruit pomace.
Readers can find detailed information on prevailing trends that are impacting the growth of the Latin America fruit pomace market. Besides this, the chapter includes results of pricing analysis. It also examines the growth prospects of the fruit pomace market in LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
The chapter discusses various factors driving the market across Germany, France, Italy, Russia, the U.K., and the Rest of Europe.
This chapter includes a detailed analysis of the growth of the market in Asia Pacific, along with a country-wise assessment that covers China, India, Indonesia, Philippines, Australia & New Zealand, and the Rest of Asia Pacific. Readers can also find regional trends and regulations, affecting growth in countries across Asia Pacific.
This chapter provides information about how the market is anticipated to grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period 2017 - 2026.
In this chapter, readers can find detailed tier analysis and information on concentration of key players in the fruit pomace market along with their presence analysis by region and product portfolio. Readers can also find a comprehensive list of all leading stakeholders in the market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Lemon Concentrate S.L., LaBudde Group, Inc., Citrosuco S.A., Sucocitrico Cutrale Ltd, Agrana Beteiligungs-AG, Marshall Ingredients, LLC, Louis Dreyfus Company B.V., Polyphenolics Inc., FruitSmart Inc., Pacific Coast Fruit Products Ltd., GreenField Sp. z o.o., Appol sp. z o.o., Whole Vine Products, and Yantai North Andre Juice Co. Ltd.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the fruit pomace market report.
This chapter is intended to help readers understand the research methodology followed to reach conclusions and derive important qualitative and quantitative information, about the fruit pomace market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits