The Asia Pacific Fruit Puree Market would witness market growth of 10.8% CAGR during the forecast period (2021-2027).
Fruit puree consists of vital nutrients and vitamins. The product can be kept in a refrigerator for its long-lasting use. While preparing fruit puree, preservation of fruit taste, natural goodness, and quality are taken into consideration by the manufacturers. There is a wide usage of fruit puree but it is more often used in baking.
One of the major catalysts for the market growth is the increased usages of natural ingredients like fruit purees in processed foods. To improve the aesthetic appeal and nutritional properties of processed foods, fruit purees are a unique way of adding fruit flavors. Manufacturers are launching the latest products to fulfil the rising demand for beverages and functional foods.
The easy availability of raw materials like mangoes used in the making of fruit puree is motivating numerous companies to set up their manufacturing facilities in this region. There are many nations like India, which are primarily based on agriculture of various varieties of fruits, which is creating bright growth prospects for the regional fruit puree market.
The expansion of the food & beverage industry in this region along with the increasing disposable income of the population in emerging nations like China, Japan, and India, would further augment the growth of the regional fruit puree market during the forecast period. Several key market players are increasingly spending on their business expansion in the Asia Pacific market that would further bolster the regional market.
The Beverages market dominated the Australia Fruit Puree Market by Application in 2020, thereby, achieving a market value of $52.6 Million by 2027, growing at a CAGR of 10.9 % during the forecast period. The Bakery & Snacks market is expected to showcase a CAGR of 11.9% during (2021-2027).
Based on Product, the market is segmented into Tropical & Exotic, Citrus, Berries and Other Products. Based on Application, the market is segmented into Beverages, Bakery & Snacks, Baby Food and Other Applications. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Fruit Puree Market is Projected to reach USD 7.3 Billion by 2027, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danone S.A., Doehler Group SE, Ingredion, Incorporated (Kerr Concentrates), Nestle S.A., Dennick FruitSource, LLC, China Kunyu Industrial Co., Limited, Grunewald Fruchtsaft GmbH, Tree Top, Uren Food Group Limited, and Milne Fruit Products, Inc.
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