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Asia Pacific Tropical Fruit Puree Market to Grow at a CAGR of 1.2% between 2019 and 2024.

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"According to a new report by EMR titled, ‘Asia Pacific Tropical Fruit Puree Market Report and Forecast 2019-2024’, the Asia Pacific tropical fruit puree market attained a production volume of 3.03 million tons in 2018. The market is expected grow further in the forecast period of 2019-2024 at a CAGR of 1.2% to reach a volume of 3.25 million tons by 2024. "

The Asia Pacific tropical fruit puree market is being driven by the easy availability of raw materials, which are found in large quantities in the region. China and India are the largest tropical fruit producers on the Asia Pacific and are major producers of fruits like mangoes, tomatoes, and bananas, among others. The robust production of tropical fruits by these two countries is driving the tropical fruit puree market in the region. China, especially, is a significant market in the area. It is the world’s largest tomato producer and is also a leading country for processed tomatoes. The tomato market in the area is aided by the various government subsidies and high-acreage.

In China, the demand for tropical fruits have been growing significantly, requiring the country to import tropical fruits from other countries, despite being a major producer. The rising demand can be attributed to the increasing use of fruits in processed products like ketchup and infant food products, among others, due to their nutritional content and taste. The expanding youth population is also aiding the demand for tropical fruit puree in China, leading to a change in the consumption pattern. The younger population is especially seeking out condiments like ketchup.

China is also a significant producer of mango, which is the leading tropical fruit used to make purees. India is the largest producer of mangoes in the area, accounting for most of the 98053 tons of mangoes produced in 2017. The demand for mango puree was driven by the rising consumption of products like juices, nectars, marinades, jellies, jams and other beverages. The growing tropical fruit puree market is also been driven by the rising demand from leading companies like Coca Cola (NYSE: KO), PepsiCo (NASDAQ: PEP), and Kraft Heinz Co (NASDAQ: KHC).

Market Analysis by Fruit Types, Product Types, Packaging Types, Applications, Distribution Channels, and Regions:

  • Mango, tomato, banana, guava, papaya, avocado, and passion fruit are the various fruits from which tropical fruit puree can be derived.
  • The tropical fruit puree products can be bifurcated into organic or conventional. 
  • The various packaging types of purees are bag-in-drum, bag-in-box, bag-in-bin, cans, and pouches.
  • They find their application in segments like beverages, ice-cream and yoghurt, bakery and snacks, and infant food, among others. 
  • Tropical fruit purees are available through institutional sectors, supermarket and hypermarkets, health food stores, independent retailers, convenience stores, and others.
  • Region-wise, the Asia Pacific market can be divided into China, India, Philippines, Thailand, Indonesia, Malaysia, Australia, Taiwan, Vietnam, Japan, Myanmar, South Korea, and Singapore.

Key Findings of the Report:

  • The Asia Pacific tropical fruit puree market is being driven by a rising demand for tropical fruit puree due to their intrinsic nutritional value.
  • The expanding application of tropical fruit puree as a cooking ingredient is further aiding the market.
  • The increase in disposable incomes along with a rise in the consumption of packaged foods will further propel the industry forward.
  • Innovation and diversification of products are also proving to be a catalyst for the industry growth.
  • It is extended shelf life and ease of storage is also aiding the market.

Key Offerings of the Report:

  • The EMR report gives a detailed overview of the Asia Pacific tropical fruit puree market, covering the markets for tropical fruit puree by fruit types, product types, packaging types, application sectors, distribution channels, and regional markets for the periods (2014-2018) and (2019-2024).
  • The report gives the historical (2014-2018) and forecast (2019-2024) average price trends of tropical fruit puree by its types and regional markets.
  • It also gives the regional markets for tropical fruit puree in the Asia Pacific by the fruit and packaging types.

Cofco Tunhe Tomato Co., Ltd, Kagome Co., Ltd., Jain Irrigation Systems Limited, Tianjin Sanhe Fruits & Vegetables Co., Ltd., Capricorn Food Products India Limited, Food & Inns Limited, and Exotic Fruits Private Limited, among others, are the key players in the Asia Pacific tropical fruit puree market. The EMR report covers their market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions.

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"Asia Pacific Tropical Fruit Puree Market: By Fruit Type: Mango, Tomato, Banana, Guava, Papaya, Avocado, Passion Fruit; By Product Type: Conventional, Organic; By Packaging Type: Bag-in-Drum, Bag-in-Box, Bag-in-Bin, Cans, Pouches, Others; By Application: Beverages, Ice-Cream and Yogurt, Bakery and Snacks, Infant Food, Others; By Region: China, India, Philippines, Thailand, Indonesia, Malaysia, Australia, Taiwan, Vietnam, Japan, Myanmar, South Korea, Singapore; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Regional Price Trends; Competitive Landscape"

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