Latin America Fruit Powders Market: By Product (Orange Powder, Mango Powder, Citrus Powder, Apple Powder, Papaya Powder, Others) By End User (Food & Beverages Industry, Nutraceutical Field, Others) and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Fruit Powders market was valued at US $ XX Mn and expected to grow at 11.3% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Latin America Fruit Powders Market
Fruits are natural sources for verity of elements such as vitamins, antioxidants and minerals. The popularity of the fruits can be attributed to the consumer perception of health benefits. Fruit powders are grinded fruits and has wide applications ranges from additives in food to the flavoring agents. These are used because of its long self-life, low logistic expenditure and other vast multi-disciplinary uses. The verity of the fruit powders are available in organic markets and health food stores.
Market Dynamics: Latin America Fruit Market
Latin America fruit powder market is primarily driven by the rise in demand especially in food industry due to its health and nutritional benefits. In addition, increase in the consumer preferences towards the health drinks and fruit flavors coupled with its use in the pharmaceuticals, beverages expected to boost the market growth furthermore. Moreover, increase in demand for the convenience and ready to eat drink products expected to surge the market over the forecast period. Due to the high production of the fruits and vegetables in Latin America, consumption of the fresh fruits in Latin America, however, from last few year trend is changing to increase in consumption of powdered fruit products. However, seasonal availability of fruits and environmental factors that damage the fruits may hamper the market growth during the forecast period
Market Scope: Latin America Fruit Market
Fruit Powders market is segmented based on product, end user and geography
Based on product, the market is segmented into the following:
- Orange Powder
- Mango Powder
- Citrus Powder
- Apple Powder
- Papaya Powder
Based on the end user, the market is segmented into the following:
- Food & Beverages Industry
- Nutraceutical Field
Based on country, the market is segmented into the following:
- Rest of Latin America
Country Analysis: Latin America Fruit Market
Geographically Latin America Latin America fruit powders market is divided into Brazil, Mexico, Argentina, Venezuela and Rest of Latin America. Brazil fruit powder market expected to grow at the significant rate owing to the adaptation of natural food products by the consumers. In addition Brazilian market players are expanding its manufacturing capacity and launching the new products into the Brazil and Latin America Markets to strengthen its presence. For instance, Olam Cocoa has opened a cocoa product development and innovation center in Brazil and launched AJ11PK, cocoa powder to meet the demand of lower sodium products. Mexico fruit powder market projected to have the significant growth rates owing to the high productivity of the fruits in the country and increase in consumer interest in consumption of healthy drinks and food.
Competition Assessment: Latin America Fruit Market
Some of the players in the global fruit powders market include:
- Batory Foods (U.S.)
- SouthAm Freeze Dry. (Chile)
- Wild Flavors (U.S.)
- Ecuadorian Rainforest, LLC (U.S.)
- ABRAZIL (U.S.)
Notable Market Developments: Latin America Fruit Market
- In October 2016, Fruit d’Or Nutraceuticals has launched encapsulated cranberry powders.