The APEJ market for processed superfruits is estimated to be 3,422,838 tons by the end of 2032. The North American processed superfruit market is expected to register a CAGR of 6.8% between 2022 and 2032
DUBAI, UAE, Oct. 19, 2022 (GLOBE NEWSWIRE) — The global processed superfruits market is expected to register a stable CAGR of approximately 5% over the forecast period of 2022 to 2032. The global market is expected to grow from US$53.7 million in 2022 to US$87.5 million by 2032. According to Future Market Insights analysis, the power segment reached around US$26.8 billion in 2021, while skyrocketing from the $28.2 billion by the end of 2016. which corresponds to a growth rate of 5.1%. The liquid segment is expected to reach a volume of 94,207 tons in 2026 and register a CAGR of 4.9% in the next few years.
Total growth of processed superfruits was estimated at around $38.1 billion in 2021 and is expected to reach $40.1 billion by the end of 2022, representing an annual growth of over 5.2% per year. Based on glass volumes, the global processed superfruits market is expected to reach around US$18 million by 2032, at a CAGR of nearly 5.9% over the period 2022-2032.
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Superfruits are used for juices that have a higher nutritional value than all other juices. According to the Food and Agriculture Organization (FAO) definition, superfruits have high nutritional content and added nutritional value. Antioxidant capacity is among the most prevalent biologically active properties of a superfruit.
The central theses
The global processed superfruits market is expected to witness robust growth, driven by rising demand for antioxidant-rich superfruits. Consumers are drastically preferring natural food products, including processed fruits, and higher demand for ready-to-eat (RTE) foods and ready-to-drink (RTP) beverages is also observed, which is expected to fuel the growth of the market. The value of natural foods such as food color and flavor, along with several other dietary and functional uses, summarizes the growth of the global processed superfruits market.
The escalating beverage segment is expected to account for 65.8% market share of the total global processed superfruits market by the end of 2022. The food segment is expected to reach a market valuation of US$20.7 billion by 2032, registering a CAGR of 5.3% during the forecast period.
The APEJ market for processed superfruit is expected to exceed 3,422,838 tonnes in volume by the end of 2032 and at a CAGR of 5.9% by this year. According to historical estimates, the United States superfruit industry was worth $10.52 billion in 2021, which is forecast to reach $11.1 billion in 2022 based on a CAGR of 5.6%.
In 2021, the Latin American processed superfruits market was worth around US$4,043.8 million and its value is expected to grow to US$4,268.2 million by 2022, growing at a rate of 5.6%. The Japanese processed superfruits market is expected to have a market share of US$94.7 million in 2022 compared to 2021.
One of the main restraining factors is the high processing, management and preservation costs, and the superfruit flavor mismatch is likely to limit further development of the global processed superfruit market during the forecast period.
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The global processed superfruits market is notoriously fragmented and highly competitive due to the presence of several local and regional competitors. Prominent market players focus on employing a range of marketing strategies such as partnerships, expansions, mergers and acquisitions, and collaborations.
More insights into Processed Superfruit Market
The US is expected to dominate the global processed superfruits market during the assessment period, as it will account for around $5 billion in market revenue by 2021 at a CAGR of 9.8%, according to a new report from Markets. The growth of the market is attributed to the growing demand for natural and healthy foods as well as the increasing popularity of superfruits among health-conscious consumers.
In emerging markets like India, the market for processed superfruits is growing rapidly. The demand for superfruits is driven by the increasing health awareness of the Indian population. Processed superfruits are high in vitamins, minerals, and antioxidants that provide various health benefits.
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Processed Superfruits Market by Category
By fruit type, the processed superfruits market is segmented as follows:
By food sub-segment, the processed superfruits market is segmented as follows:
Bakery and confectionery
Table of Contents
1.1. Global Market Outlook
1.2. Demand-side trends
1.3. Supply-side trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Restrictions
3. Market background
3.1. market dynamics
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