An Incisive, In-depth Analysis on the Fruit Concentrates Puree Market
This study offers a comprehensive, 360 degree analysis on the Fruit Concentrates Puree market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fruit Concentrates Puree 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.
The Exotic Fruit segment will retain its dominance in the global fruit concentrate puree market during 2016 – 2026
The Exotic Fruit segment in the global fruit concentrate puree market is estimated to be valued at more than US$ 400 Mn in 2017, which is estimated to increase at a CAGR of 5.7% over the forecast period to reach more than US$ 700 Mn by the end of 2026. The Exotic Fruit concentrate puree market is anticipated to record absolute $ opportunity of US$ 274.34 Mn between 2016 and 2026. The Exotic Fruit segment is expected to expand at a CAGR of 3.8% in terms of volume over the forecast period.
Rising demand for baby products containing exotic fruits is likely to create robust growth in the Exotic Fruit segment
The rise in demand for baby food is expected to drive the growth of the Exotic Fruit segment during the forecasted period. Sales of instant baby foods is on the rise due to the fast paced life of modern day parents. The people living in urban areas don’t have enough time to prepare food at home and thus tend to buy instant baby food products to fulfil the basic requirements of their infants. As most of the baby food products consist of fruits such as banana, apple, melon, lemon and mango, there is a significantly high demand in the global market. Baby food products containing the puree of exotic fruits have a better taste and are most preferred by children, which in turn multiplies the sale of exotic fruit purees in the global fruit concentrate puree market. Exotic fruits are relatively cheaper than orchard or berry fruits. Consequently, various manufacturers are focussed towards providing puree concentrate made of exotic fruits. This factor is expected to create a positive impact on the Exotic Fruit segment.
Fruit juices are commonly prepared from juice concentrate. However, several juice manufacturers have now started using puree concentrate in fruit juices to give a smooth blend and to increase the thickness. Many types of puree concentrate especially the purees made from exotic fruits like apple puree concentrate is used in almost all the juices. Moreover, a large proportion of fibrous matter is naturally found in exotic fruits, which leads to an increasing demand for and growth of the Exotic Fruit segment in the global fruit concentrate puree market.
Many companies in North America and Europe are launching smoothies and juice products prepared from exotic fruit puree concentrate in powder form with added minerals and nutrients. These companies are selling their products directly to end-users/customers for direct consumption. Also, application across various food and beverage products is likely to increase the volume and value growth of the Exotic Fruit segment in the global fruit concentrate puree market. The rising use of puree concentrate made from exotic fruits as a sweetener in snacks and baby products is also creating robust growth in the Exotic Fruit segment.
Performance of the Exotic Fruit segment across the different regional fruit concentrate puree markets
The tomato puree concentrate segment is expected to remain the dominant segment in terms of both value and volume in the North America, Western Europe, and MEA fruit concentrate puree markets. In Latin America, the banana puree concentrate segment is expected to dominate in terms of both value and volume from 2015 to 2026. In Eastern Europe, the pineapple puree concentrate segment is anticipated to remain the dominant segment in terms of value from 2015 to 2026. While in the APEJ fruit concentrate puree market, the mango puree concentrate segment is expected to dominate in terms of value throughout the forecast period.
A newly published report by Future Market Insights titled “Fruit Concentrate Puree Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” is mainly based on PESTLE analysis and Porter’s Five Force Model. After a detailed study of this market, our analysts have noticed that a deliberate attempt made by the government as well as the liberalisation of policies will open several doors of opportunity for fruit concentrate puree companies. The global fruit concentrate puree market is closely related to the economic conditions of the concerned regions and the imposition of duties on the trade (import/export) of fruit concentrate puree is likely to affect the regional economy significantly. Our analysts have further observed that the recent happenings in the global fruit concentrate puree market of Russia and Belarus has reduced duties on fruit concentrate puree that is made in Poland; and Chile is reducing export tariff to gain a better market share in the world. The global fruit concentrate puree market is dependent on fruit production and hence is expected to suffer a major shock in low fruit producing years. The current study reveals the market trends and market dynamics in all seven regions that are expected to positively affect the current market environment and future scenario of the global fruit concentrate puree market during the forecast period.
Future Market Insights analysts have observed that fruit concentrate puree manufacturers are shifting their focus towards developing grades of fruit concentrate puree from GMO fruits due to the low cost of GMO fruits, which is likely to reduce the operational cost of fruit concentrate puree. However, GMO fruits have their own negative impact on the environment. Such fruits require high quantities of pesticides and other harmful chemicals and consume a higher amount of soil nutritional contents. Our analysts have found that in order to avoid malpractices in the manufacturing of fruit concentrate puree and to maintain good health, FDA and other regulatory bodies have put regulations in place pertaining to the manufacturing of fruit concentrate puree.
PESTLE analysis and Porter’s Five Force Model make our report exclusive
As mentioned earlier our report on the global fruit concentrate puree market is mainly based on PESTLE analysis and Porter’s Five Force Model. Eventually, after covering executive summary and market overview, our expert team of analysts have analysed the global fruit concentrate puree market using these two exclusive research methodologies to obtain extensive insights into the global fruit concentrate puree market that are gradually helping transform global businesses associated with the same. The report comprises an in-depth analysis of market drivers, restraints, opportunities and trends that are affecting the growth of the global fruit concentrate puree market. Furthermore, to understand the popularity of the various market segments and regions, we have included a market attractiveness index with elaborated insights on the same, to showcase the market’s attractiveness based on key metrics such as CAGR, absolute dollar opportunity and incremental opportunity.
- Yearly change in inflation rate has not been considered while forecasting market numbers
- Bottom-up approach has been used to assess market numbers for each segment
- Top-down approach has been used to counter-validate the reached market numbers
- Macroeconomic indicators such as related industry outlook, industry spending and others have been considered to arrive at the indicated market numbers
Finally, the report on the global fruit concentrate puree market provides a dashboard view of the top companies to compare the current market scenario and their contribution to the global fruit concentrate puree market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the global fruit concentrate puree market.
The market is segmented into the following sections
By Product Type
By Fruit Family
Market attractiveness index is included to help providers identify real market opportunities
To ascertain the global fruit concentrate puree market size, we have taken into account the revenue generated by the various manufacturers. The forecast presented in this report assesses the total revenue generated by value across the global fruit concentrate puree market. In order to provide an accurate forecast, we have initiated our research by sizing up the current market, which forms the basis of how the global fruit concentrate puree market is expected to develop in the future. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis – based on the supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse the market based on key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global fruit concentrate puree market.