The new report by Expert Market Research titled, ‘Asia Pacific Tropical Fruit Puree Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Asia Pacific tropical fruit puree market, assessing the market based on its segments like fruit types, product types, packaging types, applications, distribution channels, and major countries. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Volume (2020): USD 3.06 Million Tons
• Forecast CAGR (2022-2027): 1.30%
Fruit puree is vitamin rich and exhibits anti-inflammatory and antioxidant properties. In this regard, the increasing inclination towards healthy and nutrition rich food ingredients is driving the market growth. Fruit puree is extensively utilised in the cosmetics and personal care industry. Hence, the increasing awareness about the physical hygiene, coupled with the increasing standards of living, is bolstering the demand for fruit puree in the region. Furthermore, the market in the region is anticipated to be aided by the thriving food and beverage industry owing to the high population base, and steady economic growth in emerging economies, such as India and China.
Industry Definition and Major Segments
The type of liquid which is derived from various tropical fruits, such as banana, avocado, jackfruit, and apple, is known as tropical fruit puree. Tropical fruit puree is smooth, thick, concentrated, and are grown up in hot and humid weather conditions. The pH level of puree is usually less than 4.5 and contains vitamins and minerals.
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On the basis of fruit type, the market can be segmented into:
• Mango
• Tomato
• Guava
• Banana
• Papaya
• Avocado
• Passion Fruit
The market can be bifurcated based on product type into:
• Conventional
• Organic
Based on packaging type, the market has been divided into:
• Bag-in-drum
• Bag-in-box
• Bag-in-bin
• Cans
• Pouches
• Others
The significant applications of the product include:
• Beverages
• Ice Cream and Yoghurt
• Bakery and Snacks
• Infant Food
• Others
By distribution channel, the market has been divided into:
• Institutional Sector
• Supermarket and Hypermarkets
• Health Food Stores
• Independent Retailers
• Convenience Stores
• Others
The countries in Asia Pacific tropical fruit puree market include:
• China
• India
• Philippines
• Thailand
• Malaysia
• Australia
• Taiwan
• Vietnam
• Japan
• Myanmar
• South Korea
• Singapore
Market Trends
The key trends in the fruit puree market in Asia Pacific include the growing expansion of the e-commerce industry, which is propelling the sales of the downstream food products of fruit puree. The increasing smooth harvest of tropical fruits in the region, owing to the thriving agriculture sector, is accelerating the market growth. The increasing utilisation of tropical fruits in various cuisines is a crucial market driver. Hence, the increasing dine-out activities and rapid urbanisation in the continent is likely to aid the market growth. Furthermore, the rising demand for clean-labelled fruit puree, which is bolstered by the increasing availability of the product in supermarkets and hypermarket is another key trend in the market.
Key Market Players
The major players in the market are Cofco Tunhe Tomato Co., Ltd, Kagome Co., Ltd., Jain Farm Fresh Foods Limited, Tianjin Sanhe Fruits & Vegetables Co., Ltd., Capricorn Food Products India Limited, and FOODS AND INNS LIMITED, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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