Transparency
Market Research states that the global tropical fruit puree market is
likely to see a significant expansion in the range of products in the
near future. Leading players such as ITC Limited, AGRANA
Beteiligungs-AG, KUO Group, Kagome Co., Ltd., Dohler GmbH, and Tree
Top Inc. are expected to focus on product innovation in the coming
years. Furthermore, the growing investment in research and
development of flavors, better preservation methods, and reaching out
to newer economies are expected to define the success for the global
market.
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According
to the research report, the global tropical fruit puree market is
expected to be worth US$5,749.2 mn by the end of 2025 from US$3,519.9
mn in 2017. During the forecast period of 2017 and 2025, the global
market is poised to exhibit a CAGR of 5.6%. Among the end users, the
infant food segment is anticipated to surpass all others segments as
the number newborns across the globe are on the rise. In terms of
regions, Asia Pacific is likely to show remarkable growth rate. The
increasing consumption of juices and improving disposable income are
anticipated to work in favor of this regional market.
Rising
Demand for Infant Formula Ups Consumption of Tropical Fruit Puree
The
research analysts have identified several market drivers for the
global tropical fruit puree market. The growing demand for baby food
is the primary growth driver for the overall market. Urban living,
awareness about benefits of infant formula, and lack of time to
prepare elaborate meals are expected to be the key factors ensuring
sustained growth of the global market. Majority of the infant formula
uses fruit purees of tropical fruits such as apple, banana, mango,
and melons. Thus, their demand is projected to continue to rise
during the forecast period. Simple breakfast options such as
cornflakes and flavored cereals also use various types of fruit
purees to enhance taste. The research report states that as the
demand for cereals remains high in the urban areas it is likely to
accelerate the consumption of tropical fruit puree as well.
The
other factor responsible for the soaring consumption of tropical
fruit puree is the increasing consumption of fruit juices.
Many fruit juice manufacturers are using fruit purees to enhance the
taste of juices and to give it a smooth blend. Purees are also added
to fruit juices to give it a thickness. Addition of purees to fruit
juices also makes juices as purees are rich in fiber. Thus, the
demand for juices that are high in fiber is expected to boost the
uptake of tropical fruit puree in the during the forecast period. The
changing food habits, shift from consumption of aerated drinks to
fruit juices, and improving expenditure on packaged items are also
expected to make a considerable difference to the overall market.
Changing
Weather Conditions to Threaten Global Market
However,
the positive trajectory of the global market is likely to face some
tough challenges in the near future. For instance, the rapidly
changing weather conditions has gravely impacted the yield of
tropical fruits in many regions of the world, thereby affecting the
puree market as well. Furthermore, the growing concerns pertaining
food security are also likely to hamper the rise of the overall
market. All of these factors are anticipated to be major restraints
for the global tropical fruit puree market in the near future.
This
review is based on Transparency Market Research’s report, titled
“Tropical Fruit Puree Market (Fruit Type – Passion Fruit, Mango,
Guava, Avocado, Tomato, and Papaya; Nature – Organic and
Conventional; End Use – Infant Food, Beverages, Bakery and Snacks,
Ice-cream and Yogurt, and Dressing and Sauces) – Global Industry
Analysis and Opportunity Assessment, 2017-2025”.
Global
Tropical Fruit Puree Market has been segmented on the following
basis:
Tropical
Fruit Puree Market Size (Value (US$) and Forecast By Fruit Type
- Mango
- Passion Fruit
- Guava
- Avocado
- Tomato
- Papaya
Tropical
Fruit Puree Market Size (Value (US$) and Forecast By Nature
- Organic
- Conventional
Tropical
Fruit Puree Market Size (Value (US$) and Forecast By End Use
- Infant Food
- Beverages
- Bakery & Snacks
- Ice-cream & yoghurt
- Dressing & sauces
- Others
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