Press Release
Press Release
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).
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Cofco Tunhe Tomato Co., Ltd, Kagome Co., Ltd., Jain Irrigation Systems Limited, Tianjin Sanhe Fruits & Vegetables Co., Ltd., Capricorn Food Products India Limited, FOODS AND INNS 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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