iCrowdNewswire Jan 18, 2021 8:38 AM ET
The high demand for convenient and economical substitutes in the food and beverage sector among others is a key actor fuelling the progress of the market. Moreover, the intensifying demand for super fruit powders due to rising need for trying new products and also consuming natural products is fuelling the expansion of the market. The declining preference for artificial ingredients from the consumer end is also growing the market’s share substantially. Functional foods are also observed as the key boosters for the demand being witnessed for fruit powders.
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Major Key Players Analysis
Global Fruit Powders Market includes competitors such as DMH Ingredients (U.S.), NUTRADRY (Australia), NUTRIBOTANICA (Brazil) AARKAY Food Products (India), KANEGRADE (U.K), Paradise Fruits (Germany) and FUTURECEUTICALS (U.S.).
The fruit powders market globally is segmented into Europe, North America, Asia Pacific and rest of the world (RoW). The European region is leading the market and is followed by the Asia Pacific region. The high level of inclination of consumers towards functional beverages in the European region is motivating the market for fruit powders in this region. The U.S. is among the chief contributors for fruit powders market in the North American due to escalation in the number of health conscious population followed by a rise in consumption of fruits in this region.
Global Fruit Powders Market is anticipated to be segmented on the basis of type and application. The type-based segmentation of the fruit powders market is segmented into blueberry, mango, apple, banana, grapes, strawberry, and others. In all the types present in the market, the grapes and banana type are anticipated to be the most rapidly developing segment in relation to food and beverages. On the other hand, the apple and strawberry segments are also gaining traction in the cosmetic industry. The application-based segmentation of the market comprises of dairy and frozen desserts, bakery and confectionery, food supplements, beverages, and others. The beverage segment is controlling the market due to elevated use of fruit powders in fruit drinks, smoothies, energy drinks and carbonated drinks. Though, the dairy and frozen dessert segment is anticipated to develop to a large extent in the duration of the forecasted period.
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