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Tropical Fruit Puree market was valued at USD XX Billion in 2021 and is expected to reach USD XX Billion by 2030, growing at a CAGR of around X% during the forecast period. The global tropical fruit puree market is mainly attributed to the factors such as rising demand for healthy & nutritious food products, growing awareness about the benefits of tropical fruit consumption, and increasing popularity of smoothies & juices.
In addition, rapid urbanization and the increasing utilization of tropical fruits in various cuisines are also driving the market growth. The food and beverage sector has expanded significantly due to favourable trade policies and a growing population, which has widened the tropical fruit puree market scope. Also, the increasing investment in research and development of flavours, better preservation methods, and reaching out to newer economies are factors estimated to open new avenues to market growth.
Furthermore, the rising demand for clean-labeled fruit puree, bolstered by the increasing availability of the product in supermarkets and hypermarkets, is another key trend in the market. Despite these drivers, changing weather conditions and volatility in raw material prices are major restraints hampering the market growth.
The report includes an in-depth analysis of the market size, share, growth, trends, demand, value, volume analysis, market segmentation insights, regional & country level insights, competitive landscape, company profile, and significant insights that will be provided in the final report.
Tropical fruits are grown and developed in warm and humid regions within the Tropic of Cancer and Capricorn, covering most of the tropical and subtropical zones across the globe. Tropical fruits are sold fresh and are highly perishable, where significant development has taken place to process selected fruits into dried products, juices and purees. Tropical fruit puree generally is made by sieving, grinding and milling tropical fruits. The fruit puree applications include confections, dressing and sauces, fruit snacks and bars, ice cream and yoghurts, smoothies, sorbets and granitas, bakery, beverages, and baby foods.
The COVID-19 pandemic dampened world economic growth in 2020. The pandemic caused several disruptions in the global tropical fruit supply chain and smallholder livelihoods. For instance,
The prolonged lockdowns implemented in some Asian countries indicate that the threat of supply chain disruptions and economic repercussions stemming from COVID-19 mitigation measures continues to be present. The likely recessions for key global economies threaten to hinder demand, especially for higher-value tropical fruits.
In the first quarter of 2020, the top tropical fruit exporter, Thailand, reported that an estimated 80,000 to 1 million tons of mangosteens, rambutans and durians, could not be exported due to logistical constraints. Also, pineapple growers in Costa Rica cited logistical constraints as one of the major challenges to exporting their produce, with a 25 to 40% drop in orders due to cancellations from the U.S and Europe. Tropical fruit-producing and consuming countries have experienced different levels of damage to their food supply chains.
The global Tropical Fruit Puree market is segregated on the basis of fruit type, type, distribution channel and geography.
By fruit type, the banana is one of the top three tropical fruits and is among the most produced, traded, and consumed fruit. Banana (Musa paradisiaca L.) has a potential health value, and the peel constitutes nearly 40% of the weight of the banana and has the highest concentration of flavonoids.
Based on type, Conventional fresh produce may be grown with a variety of powerful chemicals to help manage fertility, pests, and diseases. Tropical fruits are important to many developing countries in their contribution to export earnings and income and as a source of nutrition. The planting area and output of tropical fruits are also increasing worldwide.
By distribution channel, In 2020, due to the COVID-19 pandemic, consumers preferred to buy fruit puree products online. Online retailing is gaining popularity in emerging economies, thus growing significantly. Rising usage of smartphones and the convenience of purchasing fruits from the comfort of home, the availability of a plethora of options, lower price compared to physical stores, and technology-enabled online trials of apparel and accessory are major factors contributing to the burgeoning demand for retail e-commerce worldwide. Additionally, the internet has revolutionized the retail industry by
Based on end-user, the market is categorized into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America region is estimated to hold the significant market share during the forecast period.
Along with these companies, there were many other companies considered/ cited in the report while analyzing the Tropical Fruit Puree market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Starting from $2700
Starting from $2700
Starting from $2700
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