Asia Pacific Tropical Fruit Puree Market Report and Forecast 2024-2032

Asia Pacific Tropical Fruit Puree Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the Asia Pacific tropical fruit puree market grew significantly in 2023. Aided by the growing demand for natural ingredients in food and beverages, and the abundant availability of tropical fruits in the region, the market is projected to further grow at a CAGR of 1.3% between 2024 and 2032.

Tropical fruit puree, primarily a smooth blend of fruits, has witnessed soaring popularity due to its multifaceted uses across diverse sectors. Key among these are the food and beverage industry where purees of mango, papaya, banana, and guava, among others, are fundamental to products like juices, baby foods, ice creams, and baked goods. Apart from serving as flavour enhancers, these purees also fortify products with essential nutrients, thereby magnifying their health quotient.

The Asia Pacific region, renowned for its vast tropical zones, is a treasure trove of tropical fruits. This geographical advantage, coupled with favourable agricultural policies, provides an ideal setting for the Asia Pacific tropical fruit puree market growth. Furthermore, with health and wellness trends gaining traction, there's a discernible shift towards natural and organic food ingredients. This transition bodes well for the tropical fruit puree industry, as consumers increasingly prefer products free from artificial preservatives and flavours.

Another driving factor for the market is the escalating demand for convenient and ready-to-eat products in the region. With fast-paced lifestyles and rising disposable incomes, consumers are gravitating towards processed foods that not only save time but also offer nutritional benefits. Tropical fruit purees, with their natural sweetness and nutritional profile, are becoming a favoured ingredient for manufacturers aiming to cater to this demographic.

The ever-expanding beverage sector in the Asia Pacific further boosts the Asia Pacific tropical fruit puree market demand. Exotic drinks, smoothies, and fruit-based cocktails have become staples in urban areas. The tropical fruit puree, with its rich texture and vibrant taste, has thus become an indispensable part of the beverage industry.

Moreover, advancements in cold storage and transportation have ensured that the shelf life and quality of fruit purees remain uncompromised. This has enabled manufacturers to cater to demand spikes even during off-seasons, thereby posing a positive impact on the Asia Pacific tropical fruit puree market outlook.

Innovative applications of tropical fruit puree in cosmetics and skincare have also surfaced. The richness of vitamins, minerals, and antioxidants in tropical fruits is now being harnessed in formulations of face masks, creams, and serums. This trend of incorporating natural ingredients in skincare routines, especially prevalent among the youth, is further expanding the horizon for the tropical fruit puree market in the Asia Pacific.

Market Segmentation

The market can be divided based on fruit type, product type, packaging type, application, distribution channel, and country.

Market Breakup by Fruit Type

• Mango
• Tomato
• Guava
• Banana
• Papaya
• Avocado
• Passion Fruit

Market Breakup by Product Type

• Conventional
• Organic

Market Breakup by Packaging Type

• Bag-in-drum
• Bag-in-box
• Bag-in-bin
• Cans
• Pouches
• Others

Market Breakup by Application

• Beverages
• Ice Cream and Yoghurt
• Bakery and Snacks
• Infant Food
• Others

Market Breakup by Distribution Channel

• Institutional Sector
• Supermarket and Hypermarkets
• Health Food Stores
• Independent Retailers
• Convenience Stores
• Others

Market Breakup by Country

• China
• India
• Philippines
• Thailand
• Indonesia
• Malaysia
• Australia
• Taiwan
• Vietnam
• Japan
• Myanmar
• South Korea
• Singapore

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific tropical fruit puree market. Some of the major players explored in the report by Expert Market Research are as follows:

• Cofco Tunhe Tomato Co., Ltd
• Kagome Co., Ltd.
• Jain Farm Fresh Foods Limited
• Tianjin Sanhe Fruits & Vegetables Co., Ltd.
• Capricorn Food Products India Limited
• FOODS AND INNS LIMITED
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.