Asia Pacific Tropical Fruit Puree Market (2018-2023) - Market Volume is Projected to Reach 3.2 Million Tons by 2023 - ResearchAndMarkets.com
Sep. 07, 2018
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "Asia Pacific Tropical Fruit Puree Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the Asia Pacific Tropical Fruit Puree market reached a volume of 2.9 Million Tons in 2017. 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.
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.
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.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Asia Pacific Tropical Fruit Puree Industry
6 Market Breakup by Fruit Type
7 Market by Packaging Type
8 Market by Product Type
9 Market by Application
10 Market by Distribution Channel
11 Market Breakup by Country
12 Tropical Fruit Puree Manufacturing Process (Mango)
13 Tropical Fruit Puree Manufacturing Cost Analysis
14 Competitive LandscapeCOFCO Tunhe Chalkis Kagome Jain Farm Haohan Group Sanhe Fruits & Vegetables
For more information about this report visit https://www.researchandmarkets.com/research/94mrh6/asia_pacific?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005430/en/
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Related Topics:Fruit and Vegetables,Food Ingredients
KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/07/2018 02:09 PM/DISC: 09/07/2018 02:09 PM