Asia Pacific Tropical Fruit Puree Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
The Asia Pacific Tropical fruit Puree Market is being catalysed by its diverse and increasing range of applications such as infant formula, fruit snacks, dressings, smoothies, yogurts, ice-creams, sorbets, granitas, etc. According to the latest report by IMARC Group, titled “Asia Pacific Tropical Fruit Puree Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Asia Pacific Tropical Fruit Puree market reached a volume of 2.9 Million Tons in 2017.
Tropical fruit puree is made by sieving, grinding and milling fruits grown in the tropical regions. Also known as fruit pulp or fruit paste, it is available in either coarse form with small pieces of fruits visible, or in homogenised form without the presence of fruit particles. Fruit purees are extensively utilised in the food processing industry, such as in the production of fruit juice or nectar. The demand for tropical fruit puree is escalating in Asia Pacific due to its high nutritional value and its usage as a cooking ingredient.
A strong demand for infant formula has increased the consumption of tropical fruit puree as it is extensively being used in the production of baby food. Additionally, easy storage and extended shelf-life of tropical fruit puree owing to the introduction of new packaging solutions by the manufacturers is driving the growth of the market across the region. Some of the other factors providing impetus to the market growth include rapid advancements made in the food and beverage industry, changing food habits of the consumers and surging consumption of packaged food items. Going forward, the market volume is projected to reach 3.2 Million Tons by 2023, expanding at a CAGR of 1.2% during 2018-2023.
Based on fruit type, the market has been segmented as mango, tomato, banana, guava, papaya, passion fruit and avocado. Currently, mango dominates the market, holding the largest share.
On the basis of packaging type, bag-in-drums represent the largest segment, followed by the bag-in-box, pouches, bag-in-bin, cans and others.
Based on the product type, the market has been categorised as conventional and organic. At present, the conventional segment exhibits a clear dominance in the market.
Application-wise, beverage remains the leading segment with the majority of the share. It is followed by ice-cream and yogurt, bakery and snacks, infant food and others.
On the basis of distribution channel, institutional buyers represent the biggest channel followed by supermarkets and hypermarkets, health food stores, independent retailers, convenience stores and others.
On a geographical front, the market has been segmented into China, India, Philippines, Thailand, Indonesia, Malaysia, Australia, Taiwan, Vietnam, Japan, Myanmar, Korea, Singapore and Others. Amongst these, China is the leading market, accounting for the majority of the global share.
The competitive landscape of the market has also been examined with some of the key players being COFCO Tunhe, Chalkis, Kagome, Jain Farm, Haohan Group and Sanhe Fruits & Vegetables.
This report provides a deep insight into the Asia Pacific tropical fruit puree market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Asia Pacific tropical fruit puree market in any manner.
Key Questions Answered in This Report:
How has the Asia Pacific tropical fruit puree market performed so far and how will it perform in the coming years?
What are the key countries in the Asia Pacific tropical fruit puree market?
Which are the popular product types in the Asia Pacific tropical fruit puree market?
Which are the various packaging types in the Asia Pacific tropical fruit puree market?
Which are the major fruit types in the Asia Pacific tropical fruit puree market?
What are the different application segments in the Asia Pacific tropical fruit puree market?
What are the key distribution channels in the Asia Pacific tropical fruit puree market?
What are the price trends of tropical fruit puree market?
What are the various stages in the value chain of the Asia Pacific tropical fruit puree market?
What are the key driving factors and challenges in the Asia Pacific tropical fruit puree market?
What is the structure of the Asia Pacific tropical fruit puree market and who are the key players?
What is the degree of competition in the Asia Pacific tropical fruit puree market?
How is tropical fruit puree manufactured?