Dublin, Aug. 28, 2024 (GLOBE NEWSWIRE) — The “Asia Pacific Tropical Fruit Puree Market Report: By Fruit Type, Packaging Type, Product Type, Application, Distribution Channel, and Country 2024-2032” report has been added to ResearchAndMarkets.com.
The Asia Pacific tropical fruit puree market size reached 3.1 million tons in 2023. Going forward, the market is projected to reach 3.4 million tons by 2032, exhibiting a CAGR of 1.03% between 2023 and 2032.
The tropical fruit puree market in the Asia Pacific region is fuelled by expanding and diversifying applications including infant formula, fruit snacks, dressings, smoothies, yogurt, ice cream, sorbet, and granita.
Tropical fruit puree is made by sieving, crushing and milling fruits grown in the tropics. Also known as fruit pulp or fruit paste, it is available in a coarse form with visible fruit pieces, or in a homogenized form with no fruit particles present. Fruit puree is widely used in the food processing industry, including in the production of fruit juices and nectars. Tropical fruit puree is in high demand in the Asia Pacific region due to its high nutritional value and use as a cooking ingredient.
Strong demand for infant formula is driving the consumption of tropical fruit purees as they are widely used in the production of baby food. Moreover, introduction of new packaging solutions by manufacturers, which has made tropical fruit purees easier to store and increased their shelf life, is driving the market growth across this region. Other factors driving the market growth include rapid advancements in the food & beverage industry, changing eating habits of consumers, and surge in consumption of packaged foods.
Competitive Environment
The competitive landscape of the market has also been studied with key players being COFCO Tunhe Tomato Co., Ltd., Chalkis Health Industry Co., Ltd., Kagome Co., Ltd., Jain Irrigation Systems Limited, Tianjin Sanhe Fruits & Vegetables Co., Ltd., Capricorn Food Products India Limited, KLT Fruits, Inc., Food & Inns Limited, Exotic Fruits Private Limited, Dessert Guru, Myanmar Golden Produce, Agrana Fruits Australia, Agrana Fruit Korea, Fruta Tropical Pty Ltd., PT.
Key questions answered in this report
What was the size of the Asia Pacific tropical fruit puree market in 2023? What is the expected growth rate of the Asia Pacific tropical fruit puree market from 2024 to 2032? What are the key factors driving the Asia Pacific tropical fruit puree market? How has COVID-19 impacted the Asia Pacific tropical fruit puree market? What is the breakdown of the Asia Pacific tropical fruit puree market based on fruit type? What is the breakdown of the Asia Pacific tropical fruit puree market based on packaging type? What is the breakdown of the Asia Pacific tropical fruit puree market based on product type? What is the breakdown of the Asia Pacific tropical fruit puree market based on application? What are the key regions of the Asia Pacific tropical fruit puree market based on distribution channel? Who are the key players/companies in the Asia Pacific tropical fruit puree market?
Key attributes:
Report AttributesDetailsNumber of Pages139Forecast Period2023 – 2032Estimated Market Value in 2023: 3.1 Million TonsForecasted Market Value through 2032: 3.4 Million TonsCAGR1.0%Target RegionAsia-Pacific
Key Market Segmentations
Breakdown by type of fruit:
Mango Tomato Banana Guava Papaya Avocado Passion Fruit
Based on fruit type, the market is categorized into mango, tomato, banana, guava, papaya, passion fruit, and avocado. Currently, mango dominates the market, accounting for the largest share.
Breakdown by packaging type:
Bag-in-drum Bag-in-box Bag-in-bottle Can Pouch Others
Based on packaging type, bag-in-drum accounts for the largest segment.
Breakdown by product type:
Conventional Organic
Based on the type of product, the market has been segmented into conventional and organic.Currently, the conventional segment has a clear dominance in the market.
Breakdown by application:
Beverage industry Ice cream and yogurt industry Bakery and snack industry Baby food industry Others
In terms of application, beverages remain the major segment accounting for the majority of the market share.
Breakdown by distribution channel:
Institutional sector Supermarkets and hypermarkets Health food stores Independent retailers Convenience stores Others
Breakdown by country:
China India Philippines Thailand Indonesia Malaysia Australia Taiwan Vietnam Japan Myanmar South Korea Singapore Others
Geographically, the market is segmented into China, India, Philippines, Thailand, Indonesia, Malaysia, Australia, Taiwan, Vietnam, Japan, Myanmar, South Korea, Singapore, and Others. Of these, China is the major market holding a majority of the global share.
Featured Companies
COFCO Tunhe Tomato Co. Ltd., Chalkis Health Industry Co. Ltd., Kagome Co. Ltd., Jain Irrigation Systems Limited, Tianjin Sanhe Fruits & Vegetables Co. Ltd., Capricorn Food Products India Limited, KLT Fruits Inc., Food & Inns Limited, Exotic Fruits Private Limited, Dessert Guru, Myanmar Golden Produce, Agrana Fruits Australia, Agrana Fruit Korea, Fruta Tropical Pty Ltd., PT. Deli Food, Squeeze, Chia Meei International Co Ltd., Taiwan Green Nation Corp., Mau Lin FoodCo. Ltd.Tien Thinh Agriculture Product Processing Co. Ltd.Nafoods Gropu JSCMINH VAN FRUIT JSCVEGETEXCO HO CHI MINH CITYASC Co. Ltd.MC FOODS LIMITEDOMO LT EnterpriseHarvestime MalaysiaAlunan Sena Sdn BhdChina Haohan Group LimitedDALISAY SWEETSSOLFRUITS INC.AgriNurture Inc.Srichengmai Industry Co. Ltd.Siam Original Food Company LimitedDole Thailand LimitedTropical Fruit Asia Corp.Tropfin Thailand Co. Ltd.CB JuiceHarvestime.
For more information on this report, please visit: https://www.researchandmarkets.com/r/hlvkj2
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Asia Pacific Tropical Fruit Puree Market
