17.09.2021 17:25

A $4.8 Billion Global Opportunity for Tropical Fruit Puree by 2026 - New Research from StrategyR

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SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Tropical Fruit Puree - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Tropical Fruit Puree

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 442
Companies: 40 - Players covered include Aditi Foods India Pvt. Ltd.; Agrana Beteiligungs-AG; Capricorn Food Products India Ltd.; Citrofrut; Conservas Vegetales de Extremadura S.A. (CONESA Group); Dohler GmbH; Industrias Borja, Inborja S.A. (Ecuador); Ingomar Packing Company, LLC; ITC Ltd.; Kagome Co., Ltd.; Kerr Concentrates Inc.; Kiril Mischeff Limited; KUO Group; Mother India Farms; Quicornac S.A. (Ecuador); Superior Foods Companies; SVZ; Tree Top, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Infant Formula, Beverages, Bakery & Snacks, Ice-cream & Yoghurt, Dressing & Sauces, Other End-Uses); Segment (Mango, Passion Fruit, Guava, Avocado, Tomato, Papaya)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Tropical Fruit Puree Market to Reach $4.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Tropical Fruit Puree estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$4.8 Billion by 2026, growing at a CAGR of 4% over the analysis period. Mango, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$1.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passion Fruit segment is readjusted to a revised 3.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $1 Billion by 2026
The Tropical Fruit Puree market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2026 trailing a CAGR of 7.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Guava Segment to Reach US$482.7 Million by the year 2026
In the global Guava segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$283.2 Million in the year 2020 will reach a projected size of US$364.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.

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