The Asia Pacific Fruit And Vegetable Pulp Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030).
As suitable ingredients for jellies, smoothies, cakes, ice cream, and candies, fruit and vegetable pulp processing also have other advantages, like flavor preservation for longer periods. Many businesses are using waste from the production process for innovative products to meet the need for components that are sourced naturally. Nestle SA, for instance, uses coffee fruit, cocoa pulp, and other leftovers. Consumers favor natural and organic ingredients over artificial flavors in food goods.
Spending on nutritious meals that strengthen the immune system and are useful has increased. Due to growing health, ingredient, and environmental consciousness as well as the continuous public health emergency, the top-selling categories in the food and beverage industry are organic, canned, vegan, clean-label, bio-based, ready-to-eat (RTE), and sustainable. Additionally, the food & beverage industry is expanding in many regions.
Because prepared foods and beverages save time and provide convenience, the urban populace regularly buys them from supermarkets. The lifestyle in and of itself is nurturing a thriving demand for processed food & beverage sales, which is assisting in the growth of the pulp demand for food ingredients.
Robust potential exists for commercializing domestic and foreign wellness-oriented concepts in the Asia Pacific due to the region's strong and deeply ingrained traditional holistic and healing wellness culture. All age groups have supported the tendency in the region to invest in health and growth, with a higher percentage of younger generations engaging in health-related behaviors like physical activity, stress-reduction techniques, and nutritional supplementation.
For instance, Move for Health was successfully implemented in 2018 due to Healthy Hong Kong 2025, a program started by the health department of Hong Kong, and many customers reported exercising in 2021. Similarly, Singapore's War on Diabetes effort, which started in 2016, has encouraged healthy eating habits, regular exercise, and reduced alcohol and tobacco use. Therefore, the growing demand for healthy food in the region will lead to prominent developments for the market.
The China market dominated the Asia Pacific Fruit And Vegetable Pulp Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $593 million by 2030. The Japan market is estimated to witness a CAGR of 6.3% during (2023 - 2030). Additionally, The India market would register a CAGR of 7.6% during (2023 - 2030).
Based on Source, the market is segmented into Fruit Pulp (Mango, Berries, Apple, Citrus Fruits, Strawberry, and Others), Vegetable Pulp. Based on Distribution Channel, the market is segmented into B2B, and B2C. Based on Application, the market is segmented into Food, Animal Feed, and Health & Wellness, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Fruit And Vegetable Pulp Market is Projected to reach USD 4.7 Billion by 2030, at a CAGR of 6.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Keventer Agro Limited, Conagra Brands, Inc., PepsiCo, Inc., ABC Fruits, Dohler GmbH, AGRANA Beteiligungs-AG, Pursuit Industries Private Limited (PIPL), Iprona AG, Kiril Mischeff Limited, Ingredion Incorporated
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