March 09, 2020
According to the research report titled ‘U.S. Fruit Concentrate Puree Market Size by Product, Concentration, Family, Application, Sector, Industry Analysis Report, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the U.S. fruit concentrate puree market is expected to surpass USD 140 million by the year 2025.
According to the report, rising adoption of healthy eating and drinking habits along with shifting preferences towards health and fitness are major factors driving the growth of fruit concentrate puree industry in U.S. There has been an upsurge in demand for concentrated puree since they are healthy substitutes to artificial sweeteners and ingredients. Moreover, the product is extensively used in low-calorie and reduced sugar applications as well as in alcoholic drinks, smoothies, bakery & confectionary and baby food products, propelling the market growth.
Increasing awareness regarding minimally processed food products are also fostering the demand for fruit concentrate puree across U.S. Expansion of cold storage infrastructure capacities along with rising distribution network are further aiding the market expansion. Proliferating sales of organic baby food products, growing demand for premium baby products and strict government regulations regarding the use of artificial and chemical ingredients in food are facilitating the business growth in U.S. Rapid expansion of retail sector along with increasing consumption of convenience food products are favoring the market outlook.
As per the product segmentation, the report cites that no added sugar market is expected to surge with a CAGR of 6% during the period 2019-2025. Favorable government initiatives and increasing awareness regarding healthy lifestyle has reduced the sugar intake among consumers. This factor along with increased pervasiveness of obesity, cardiovascular diseases and diabetes are contributing towards popularity of no added sugar products across the U.S.
In terms of fruit family, exotic fruits segment held 35% share of the market in the year 2018 and is presumed to expand continuously during the forecast period. Factors such as long shelf life and easy storage properties and shifting preferences towards exotic flavored food & beverage products are fueling the segmental growth.
Based on the application spectrum, the report states that food application segment is predicted to grow with a CAGR of 5.5% between 2019 and 2025. There has been an upsurge in consumption rates of convenience food products owing to evolving consumer lifestyles. This factor along with increasing health awareness are boosting the growth of the segment.
Citing the end-use landscape, foodservice segment held 30% share in the year 2018 and will witness continuous growth during the study period. Increasing disposable income along with rapid expansion of foodservice sector has impaled the product adoption rates in catering operations, cafeterias and in restaurants. This factor along with shifting focus towards convenience food products are contributing towards the overall market expansion.
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The prominent companies operating in the U.S. fruit concentrate puree industry are Baby Gourmet Foods, Kerry Group, Lyons Magnus, Comep USA, Monin Inc., Araza Natural Purees, Oregon Fruit Products, Les Vergers Boiron, Sol Simple LLC, YAAX International Inc., Uren Food Group, Cobell, Pacific Coast Fruit Products Ltd., Milne Fruit Products Inc., Dennick FruitSource LLC, Stahlbush Island Farms, Kerr Concentrates, Parents’ Choice Infant Formula, Tree Top, Doehler North America Inc., Majestic Foods Inc. and AGRANA Beteilingungs AG.
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