The fruit pomace global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Fruit Pomace Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The fruit pomace market size has grown strongly in recent years. It will grow from $3.32 billion in 2023 to $3.51 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to rising disposable incomes, increasing adoption of sustainable agricultural practices, implementation of quality assurance programs, ongoing investments in agricultural research, and consumer loyalty programs.
The fruit pomace market size is expected to see strong growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing demand for plant-based beverages¸ development of biodegradable packaging, rising interest in homemade products, growth of the cosmetics industry, rising awareness of dietary fiber, and focus on reducing sugar content. Major trends in the forecast period include technological advancements in processing, AI-driven analytics, blockchain technology, innovative smart packaging, and integration of IOT in supply chain management.
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Scope Of Fruit Pomace Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Fruit Pomace Market Overview
Market Drivers –
The rising popularity of plant-based foods is expected to propel the growth of the fruit pomace market going forward. The rise of plant-based foods is attributed to increasing consumer awareness of the health, sustainability, and environmental benefits associated with plant-based diets. Fruit pomace significantly contributes to plant-based food development by enhancing nutritional value, increasing fiber content, and supporting sustainable practices in production. For instance, in 2023, according to the Good Food Institute Europe, a Belgium-based non-profit organization, plant-based food sales in the UK rose by 9% between 2020 and 2022, reaching a total of $1.2 billion. Therefore, the rising popularity of plant-based foods is driving the growth of the fruit pomace market.
Market Trends –
Major companies operating in the fruit pomace market are developing innovative products, such as fruit pomace-based packaging, to provide eco-friendly and sustainable alternatives to traditional packaging materials. Fruit pomace-based packaging refers to packaging materials made from the leftover pulp, skin, and seeds of fruits after juice extraction or processing. For instance, in February 2022, Oregon State University, a US-based research university, launched apple pomace-based molded pulp packaging. The apple pomace-based molded pulp packaging is an eco-friendly alternative to traditional materials, utilizing fruit by-products to reduce waste. It aims to improve water resistance through bio-based solutions such as lignin, chitosan, and glycerol, offering a sustainable packaging option for various applications.’
The fruit pomace market covered in this report is segmented –
1) By Product: Powder, Pellets, Other Products
2) By Source: Apple, Citrus, Banana, Berries, Grape, Mango, Other Sources
3) By Nature: Organic, Conventional
4) By Application: Dairy Products, Food Processing, Edible Oils and Fats, Animal Feed, Biofuel Production, Cosmetic and Personal Care, Pectin Production, Other Applications
5) By Distribution Channel: Offline, Online
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Regional Insights –
North America was the largest region in the fruit pomace market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fruit pomace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the fruit pomace market are Cargill Inc., DSM B.V., G3 Enterprises Inc., Yantai North Andre Juice, FruitSmart Inc., LaBudde Groupor Inc., Herbstreith & Fox GmbH & Co., ALVINESA Natural Ingredients, The Onix Corporation, Lemonconcentrate S.L.U., Elementa ingrédients, Activ’Inside, GreenField Natural Ingredients, ADAR Technologies LLC., Pacific Pectin Inc., Qingdao CTC Feed, Appol sp. z o.o., Pacific Coast Fruit Products Ltd., TBF Group, Lingbao Xinyuan Fruit Industry Co Ltd.
Table of Contents
1. Executive Summary
2. Fruit Pomace Market Report Structure
3. Fruit Pomace Market Trends And Strategies
4. Fruit Pomace Market – Macro Economic Scenario
5. Global Fruit Pomace Market Size and Growth
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32. Global Fruit Pomace Market Competitive Benchmarking
33. Global Fruit Pomace Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fruit Pomace Market
35. Fruit Pomace Market Future Outlook and Potential Analysis
36. Appendix
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