Fruit Pomace Market

Name: Fruit Pomace Market
Brand: Future Market Insights
SKU: Food and Beverages
Price: 5000 USD
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Fruit Pomace Market: Abundance of Fibre Content in Fruit Pomace to Enhance Utilization in Food Processing: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2027)

2018-12-14
REP-GB-8136
185 pages

An Incisive, In-depth Analysis on the Fruit Pomace Market

This study offers a comprehensive, 360 degree analysis on the Fruit Pomace market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fruit Pomace market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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The fruit pomace market, globally, is expected to grow at a CAGR of 4.0% in terms of revenue during the forecast years. Revenue obtained from the global fruit pomace market is projected to reach US$ 4,155.6 Mn by 2027.

Fruit pomace is a by-product of the fruit processing industry that is either used for animal feed, composting, or discarded as waste. But due to the increasing awareness of the nutritional benefits of fruit pomace, many food and beverage processing companies are incorporating it as an ingredient, or processing fruit pomace to be used as a dietary fiber. Fruit pomace is also being used as a feed for biofuel production. Organic fruit pomace is also expected to experience high demand, even though conventional fruit pomace is expected to account for a market share of 96.0% in 2018. Owing to the growing trend of organic products, manufacturers of fruit pomace are introducing organic certified fruit pomace for various end use applications.

Incorporation of Fruit Pomace in Diets for Humans and Livestock

The demand for livestock products is increasing, especially in developing countries, directly resulting in the need for more feed for the livestock. Due to an increase in the global prices of feed ingredients such as maize, wheat, fish meal, and soybean meal, livestock farmers will have to find alternatives such as fruit pomace for livestock feed. Fruit pomace is a by-product of the fruit processing industry, and is an economical intermediate product that can be used as an ingredient for livestock feed. Also, the nutritional content and dietary fibers in fruit pomace make it an appealing alternative. A few farmers have already replaced conventional diets with fruit pomace incorporated with other feed ingredients. A few fruit processors are also offering fruit pomace free of cost especially for animal feed to overcome waste disposal costs depending on local legislations.

Consumption of Dietary Supplements High in Dietary Fiber, Such as Fruit Pomace, Trending for Weight Management

Dietary supplement consumption has been on the rise during the past decade, but the recent trend of the use of dietary supplements rich in dietary fibers has been growing. This is mostly for weight management, since these dietary fibers aid digestion by boosting immunity, reducing bloating, and help in detoxification. Companies are thus finding suitable organic and natural sources for the manufacture of dietary supplements with dietary fiber as a core requirement. Since fruit pomace is rich in dietary fiber, there are many dietary supplements being introduced into the market containing different types of fruit pomaces, either made from the skin, seeds, or pulp of fruits. This fruit pomace is also blended with other products to provide wholesome nutrition to those who are consuming these dietary supplements.

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.

Significant Potential for Fruit Pomace to be Converted into Various Edible Products

A lot of research is ongoing to identify other commercial applications for fruit pomace, due to its nutritional composition and because the source of pomace is fruits. Even fruit juices are limited in their nutritional content compared to fruit pomace, due to all the fibers, peels, and seeds present in the latter. Thus, fruit pomace has various opportunities to be converted into edible products. The application of fruit pomace in the food processing industry is only in its infancy, however, it is likely to find utilization as a valuable ingredient in dairy, bakery, alcoholic beverages, and dietary supplements. Also, consumers are still not fully aware about the benefits of fruit pomace. Development of a robust integrated supply chain interlinking the fruit processing industry with food and beverage processing is anticipated to manifest itself into a lucrative opportunity for the fruit pomace market.

FMI has compiled a study on fruit pomace, which offers an analysis and forecast of the fruit pomace market, in its publication titled, 'Fruit Pomace Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2027. This report on the fruit pomace market covers some of the vital facets that are key influencing factors on the demand and supply of fruit pomace over the next several years. An in-depth review of the growth drivers, potential challenges, unique trends, and opportunities for market participants equips readers to fully comprehend the overall landscape of the fruit pomace market. The report on the fruit pomace market also covers the analysis of key regions and countries of particular interest that are anticipated to become frontrunners or remain laggards in the fruit pomace market over the forecast period. The report covers a historical analysis of the fruit pomace market from 2013 to 2017, and provides forecasts from 2018 to 2027 in terms of volume in metric tons and revenue in US$.

Fruit pomace is a by-product of the fruit processing industry. It is the mass of the raw materials left after juice or oil has been extracted. Basically, the peels, seeds, pulp, and also the stem of the fruit is fruit pomace. Thus, it is very rich in nutrition, and contains a higher content of dietary fibers. It has been discarded as waste for several years. But the recent applications of fruit pomace in the food and beverage industry, and also in cosmetics and personal care has increased the demand for fruit pomace. Major utilization of fruit pomace is in animal feed and as dietary supplements. Recent research has resulted in the introduction of fruit pomace in the production of biofuel. Various fruits are being used for fruit pomace production, such as apples, citrus fruits, bananas, berries, grapes, and mangoes. Citrus peels and apple pomace are commercially used for the production of pectin.

This report on the fruit pomace market has been broken down into different chapters to enhance clarity and provide context. A brief executive summary at the beginning of the report consists of some of the key findings of the study on the fruit pomace market, as well as market estimates and growth rates for important segments. The following chapter presents the definitions and scope of the study, as well as coverage in terms of the way the fruit pomace market is structured. Subsequently, the chapter on market background presents the evolution of fruit pomace, relevant economic indicators such as GDP, including an assessment of the supply chain, policy developments, and regulatory scenario, and dynamics impacting the fruit pomace market, as well as an explanation of the factors considered important to develop forecasts and estimates. The report on the fruit pomace market also includes a chapter on pricing analysis, highlighting price point variations between different regions and products, including pricing forecasts. The following chapters dive deep into the global fruit pomace market, covering detailed information based on grade, nature, end use, packaging, and sales channel. The next set of chapters provide region-wise analysis and forecasts of the fruit pomace market, covering vital aspects of the market in North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East & Africa.

A dashboard view of some of the key companies operating in the fruit pomace market in terms of their offerings, regional presence, and other metrics is a precursor to the detailed profiles of these participants, including financial information, strategy overview, SWOT analysis, and market share, as well as analyst commentary. Some of the key players analyzed in the fruit pomace market report include 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.

To develop the market estimates for fruit pomace, the overall production of different varieties of fruits in various regions, the amount of fruits being processed, and the quantity of pomace produced from processing have been taken into account. The quantity of fruit pomace being converted into dry pomace, and the commercial utilization of the dry pomace is cross-referenced from various end-use applications. The prices of fruit pomace have been obtained from manufacturers, distributors, and wholesalers for bulk quantities at a country level. It is imperative to note that, in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR but also analyze on the basis of key parameters such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities. To understand key segments in terms of their growth and performance in the global fruit pomace market, Future Market Insights has also presented a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global fruit pomace market.

Our team of analysts review and interpret data from a variety of sources. Data attributed to ‘FMI’ is derived by using a combination of various approaches, which are then consolidated, interpreted, and extrapolated by FMI analysts. Data is sourced from government statistics, trade associations, company annual reports and investor presentations, press articles and directories, technical publications, and online databases, which is then cross-referenced with FMI’s reports and internal repository of data to filter and validate the collected information. Intelligence gathered from desk research is supplemented by extensive interviews with selected key expert participants across the value chain, not only to gain information specific to their roles and operations but also to obtain their perspective and insights of the issues impacting the fruit pomace market.

Global Fruit Pomace Market: Segmentation

Global Fruit Pomace Market Analysis by Form