Fruit Powder Market: Overview
The growing preference of natural products is a key driver for the expansion of the fruit powder market. Over the years, various types of fruits are used in making fruit powders, notably grape, apple, mango, banana, and berries. Advancements in extraction and processing technologies have enabled fruit powder market look for steady revenues in the bakery, ready-to-eat products, dairy, beverages, soups and sauces, and confectionery. A number of combinations have come to the fore for making snacks. The strides being made in FMCG sector have supported the evolution in the fruit powder market, including in Covid-19 era. Attractive natural product combinations hitting the shelves of convenience stores help in bringing fruit powder to the center-stage.
Fruit ingredient manufacturers have geared toward persuading industry players in adopting strategies that remove uncertainties in sourcing of raw materials in the fruit powder market. The study offers a holistic perspective on the various consumer preferences and key macroeconomic factors driving the evolution of the market. The research takes a closer look at emerging investment pockets in various product segments across major regional markets. Also, the analysts strives to offer an assessment of value-driven marketing being adopted by key food brands looking for sizable stakes in the fruit powder market in coming years.
Fruit Powder Market: Key Trends
The growing adoption of food products that endorse healthy lifestyle is a key trend in the fruit powder market. The focus toward incorporating fruits in their daily diets is also a factor encouraging the growth dynamics. The market has also seen a new avenue in the prospering snacking industry. The growing attraction of fruit-based snacks among millennials has bolstered the prospects. Further, there is a growing demand for fruit powders in the beverages industry in various countries around the world. Particularly, flavored beverages have expanded the avenue for manufacturers of fruit powders. They are also being used as additive in alcoholic drinks to enhance the sensory characteristics of the beverages.
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Fruit Powder Market: Competitive Dynamics and Key Developments
A fast expanding functional beverage industry in numerous developing economies is also boosting the prospects in the fruit powder market. Rapidly aging populations have emerged as new target consumers, as they need fruit-based nutrition. Key economies spending on food processing technologies for the market are nudging food brands to go for transparent labelling of ingredients. A growing number of food brands are relying on sustainability quotient to boost their competitive edge in the fruit powder market. They are also in favor of expanding their processing capacities to meet the rise in demand in end-use industries. Numerous aspirants who want a large pie of the global share are also expanding their distribution channels and raw materials sourcing capacities. Some of them entered into collaborations and partnerships in this regard, notably with wholesale and retail buyers in key regions.
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Some of the key players in the fruit powder market are European Freeze Dry, NutraDry?, Paradiesfrucht GmbH, Dohler Group, and Kanegrade Ltd.
Fruit Powder Market: Regional Assessment
Europe holds a substantial influence in the global fruit powder market. Countries including German and France are expanding their food processing capacities. The favorable climate for fruit farming in several parts of the region has brought this to the center-stage of market players. Also, top players are looking for exciting branding opportunities in the Europe fruit powder market. The presence of a well-established transportation and trade channels in Europe also boosts the prospects
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