Global Guava Puree Market Expected to Grow at a CAGR of 5% During 2021-2026, Driven by the Growing Demand for New Flavours

The market growth of guava puree is being driven by the concentrated production of guava in many countries, such as India, Pakistan, and Brazil, among others, and their subsequent consumption in the native country as a fresh fruit. Further, the major trade for guava, which takes place in the form of puree or concentrated form, is propelling the market growth of guava puree. In addition to this, Mexico, the key supplier of fresh guavas, has witnessed an increased demand for the processed guava puree segment in the recent years. This could be attributed to the rising demand for guava in the form of paste/puree from the European consumers. Also, the exporters of the guava product to the United States and Europe, namely Costa Rica and El Salvador, have also reported a surge in demand, thereby contributing to the market growth.

The market is being propelled by the intense competition among the key players of guava puree, like Bajaj Agro Foods India Limited and Galla Foods Limited (GFL). The companies are actively innovating their food products in order to introduce and add new tastes and flavours to their portfolio, guava being one of them. The younger generations are receptive to innovations, and in countries where the youth population is at its peak, such as India, the market is expected to expand robustly. Further, the growth of guava puree industry is enhanced by the presence of online platforms, like Amazon.com, Inc. (NASDAQ: AMZN), which have a strong distribution chain.

Market Analysis by Source, Variety, Application, and Region:

• The guava puree industry, on the basis of source, is divided into organic and conventional. 
• On the basis of variety, the industry is segmented into tropical pink and tropical white, among others.
• By application, the industry is categorised into beverages, infant food, ice cream and yoghurt, dressing and sauces, and bakery and snacks, among others.
• Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for guava puree is being driven by the inflating disposable incomes of the population globally.
• The market is further aided by the development of processed food products from purees, which lends an edge to the guava puree industry over other fruits.
• In addition to this, busier lifestyles and improved standard of living are enhancing the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for guava puree for the periods (2016-2020) and (2021-2026).
• The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the sources, varieties, applications, and major regions of guava puree. 
• It gives an in-depth look at the regional price trends in the global market for guava puree.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Primor Doces e Caramelos Ltda., Ariza B.V., Kiril Mischeff, Bajaj Agro Foods India Limited, and Galla Foods Limited (GFL), among others, are the key players in the global guava puree market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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