Plum
is a fruit which belongs to the genus-Prunus and can be clustered
along with other fruits such as peaches, cherries, and apricots in
the rose family. The prime characteristics which differentiate all
these fruits into different subgenera are the orientation of shoots,
leaves, and flowers. The taxonomists have approximated the number of
existing species of plum to be between 19 and 40. From this
diversity, only two species, namely the European plum (Prunus
domestica) and the Japanese plum or Japanese apricot (Prunus mume)
are of worldwide commercial significance and have gained major
popularity amongst people. Prior to when plums started to be consumed
as a fruit, they were used for medicinal purposes in ancient China.
When it comes to making an extract or a concentrated juice out of
plums, the dried Japanese plums which also goes by the name of
Umeboshi or when translated into English: Japanese salted plums or
pickled plums. The Umeboshi plums are made by the lactic fermentation
process using Japanese plums, shiso leaves, and sea salt. Although on
the backdrop of exceeding demand of the extract, the companies may or
may not use artificial dyes or preservatives.
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Segmentation:-
The
plum extract has gained widespread popularity as a product itself
amongst consumers as well as an ingredient among the manufacturers
thereby making it a successful B2B and B2C product. The plum extract
market can be segmented on the basis of application, form, product
type and distribution channels. On the basis of application, the plum
extract market can be segmented into culinary, nutraceuticals, foods
& beverages, cosmetics as well as confectionary. On the basis of
form, the plum extract market can be segmented into liquid, paste,
powder as well as solid. On the basis of the product type, the plum
extract market can be segmented into natural, organic as well as
artificial. On the basis of distribution channels, the plum extract
market can be segmented into online retailing, specialty stores,
hypermarkets/supermarkets and convenience stores.
Global
market drivers and trends:-
The
plum extract is a reservoir of natural minerals such as sodium,
magnesium, iron, phosphorous and potassium owing to its support in
dealing with a vast number of issues such as obesity, diabetes,
Osteoporosis, constipation, Alcohol poisoning, age-related cognitive
impairment, atherosclerosis, cancer, hypercholesterolemia,
hyperlipidemia, weight loss, anemia, anxiety, influenza, muscular
degeneration and others.
The
plum extract market is gaining widespread recognition owing not only
to its medicinal properties but also of its culinary application such
as using the plum extract as dressings, dips, and marinades. The
salty and sour properties of Umeboshi plum extract make it an
excellent accompaniment to rice dishes. Furthermore, vinegar can also
be made from the plum extract owing to the presence of a considerable
amount of citric acid in it. The plum extract can also be added to
jams, puddings and jellies. The plum extract is also visible to be
employed in the preparation of alcoholic beverages. Moreover, the
plum extract concentrate works deliciously well as a filling for
candies and confectionery products.
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Regional
outlook: -
The
leading countries in terms of the manufacture and export of plum
extract are the ones belonging to Europe viz. Spain, France, Italy
followed by the Asian countries like China, Korea, Japan, Hong Kong
and others. Significant production of the plum extract is noticeable
in countries like Australia, Germany, United States of America as
well as Netherlands.
Market
Key players:-
Some
of the key players who are driving the plum extract market globally
are Swanson Health Products, Hong SsangRi, HUZHOU N.B.C. BIOLOGICAL
MATERIAL CO, LTD., MUSO co., Ltd., NATIVE EXTRACTS, MIKI Corporation
and others.
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