Europe currently dominates the global Fruit Preparation Market with a value share of 30.8%, and over the forecast period, this region’s market is expected to grow at a CAGR of 6.4%. (2022-2032). Sales of fruit preparations will reach US$ 44.34 billion globally in 2022. By the end of 2032, the market is anticipated to develop at a value CAGR of 6.2% and reach a value of US$ 80.82 Bn. By the end of 2032, the amount of fruit preparations consumed worldwide is anticipated to reach 18,559,611 MT.
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In comparison to fresh fruit, fruit pulp has a longer shelf life. All the minerals, vitamins, and proteins obtained after processing the pulp are retained when kept chilled or frozen. Fruits are perishable and can only be stored under normal, frozen, or chilled conditions for a month at most. Fruit pulp or puree is developed to allow for a longer storage life without changing any of the natural contents when producing food products from fruits at a later stage.
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Key Market Players Adopting Different Expansion Strategies
Companies involved in distribution and production activities in the fruit processing industry are emphasizing the implementation of different development strategies such as partnerships, acquisitions, product launches, and joint ventures to increase their consumer base and brand awareness in the Fruit Preparation Market. Key players are striving to fulfill the ever-changing customer demand for processed fruits that are offered on a customized basis to suit individual dietary needs.
Competitive Landscape
Manufacturers of fruit preparations are focusing on processing and developing innovative food ingredients and additives of high quality that are processed hygienically by utilizing state-of-the-art technology. Companies are striving to achieve high growth and substantial returns by continuously driving the research & development pipeline. Furthermore, key market players aim to capitalize on their expanding product portfolios, broader their customer base, and strengthen their geographical presence for gaining higher market growth opportunities.
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Fruit Preparation market Industry Research by Category
By Type:
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- Pulp & Purees
- Fruit Concentrate
- Fruit Powder
By Application:
Beverages
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- Alcoholic
- Non-alcoholic
Dairy & Frozen Desserts
Bakery and Confectionary
Infant Food
Others
By Distribution Channel:
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- Traditional Trade
- Modern Trade
- Industrial
- Foodservice
By Region:
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- North America
- Latin America
- Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
FAQ’S:
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- What is the global market size of fruit preparations in 2022?
- What is the expected market value for the fruit preparation market for 2032?
- What are the key drivers for the global market?
- Who are the key manufacturers of fruit preparations?
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