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Latin America Fruit Powder Market Size, Share, Growth, Forecast: By Fruit Type: Banana, Orange, Apple, Lemon, Pineapple, Grape, Mango, Berries, Others; By Application: Beverages, Bakery and Confectionery, Dairy, Soups and Sauces, Snacks/RTE Products, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Latin America Fruit Powder Market Outlook
The Latin America fruit powder market size reached a value of approximately USD 1187.6 million in 2023. The market is further projected to grow at a CAGR of 6.40% between 2024 and 2032, reaching a value of USD 1714.6 million by 2032.
Key Trends in the Market
Fruit powder refers to freeze dried and dehydrated fruits that have been ground into fine powder. The process of freeze drying is conducted while ensuring that the powder retains some of the nutrients that were present in the fruit in its original state. Fruit powders are convenient to transport, store, use, and preserve, and have a longer shelf life as compared to fruits.
- The major trends propelling the Latin America fruit powder market include growing demand for healthy and organic food products. Fruit powders are extremely nutritious as they are full of micro- and macronutrients. They are increasingly being consumed post-workout to fulfil the optimum nutritional requirement and help the body recover its energy levels.
- Increasing awareness about the longer shelf life of fruit powders, coupled with their low cost of transportation and storage, is further boosting their consumption in the region. Fruit powders are dehydrated at low temperatures which increases their shelf stability and ensures that their nutritional value remain intact.
- The demand for confectionery and baked goods made from clean and natural ingredients is increasing, which, in turn, is aiding the Latin America fruit powder market growth. Additionally, fruit powders also offer unmatchable colour, flavour, and texture, and enhance the taste of baked goods.
Market Analysis
On the basis of fruit type, the market is divided into banana, orange, apple, lemon, pineapple, grape, mango, and berries, among others. Based on application, the market is segregated into beverages, bakery and confectionery, dairy, soups and sauces, and snacks/RTE products, among others. By country, the market is segmented into Brazil, Argentina, and Mexico, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America fruit powder market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Kanegarde Limited
- Saipro Biotech Pvt Ltd
- The Green Labs LLC
- Sylvestre Ingredientes Naturais
- Blue Macaw Flora Industria E Comercio De Ingredientes Naturais Ltda
- Sol Organica SA
- Others
Market Share by Application
By application, beverages are projected to witness a significant growth in the coming years. This growth can be attributed to the rising demand for innovative, organic, and flavourful beverages in the region. Fruit powder is widely used as an ingredient in beverage formulations as it dissolves quickly, does not leave sediment, and gives an aesthetic appeal to the beverage. Additionally, the increasing demand for clean label beverages along with organic hot and cold drinks is likely to favour the growth of the market.
Market Share by Country
Mexico is anticipated to witness significant growth in the Latin America fruit powder market over the forecast period. This is due to the wide variety of fruits such as pineapples and mangoes grown in the country. The rising demand for organic ingredients and clean label products is boosting the applications of fruit powder. The usage of fruit powder for beverage applications has also increased as they offer enhanced flavour and boost the aesthetic appeal of beverages.
Competitive Landscape
Kanegarde Limited was founded in 1980 and is headquartered in Stevenage, England. The company specialises in manufacturing of organic ingredients, food ingredients, juices, and juice concentrates, and natural colours, among others.
The Green Labs LLC is known for distribution, commercialisation, and manufacturing of conventional and organic powders, herbal materials, and extracts. The company was established in 2009 and is based in New Jersey, United States.
Sylvestre Ingredientes Naturais is a food and beverage services company that was founded in 2016 and is headquartered in Tatui, Brazil. The company is known for manufacturing organic ingredients and for developing and customising products for the food and beverage industry.
Other major players in the Latin America fruit powder market include Saipro Biotech Pvt Ltd, Blue Macaw Flora Industria E Comercio De Ingredientes Naturais Ltda, and Sol Organica SA, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Fruit Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Fruit Powder Market Overview
8.1 Latin America Fruit Powder Historical Market (2018-2023)
8.2 Latin America Fruit Powder Market Forecast (2024-2032)
9 Latin America Fruit Powder Market by Fruit Type
9.1 Banana
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Orange
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Apple
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Lemon
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Pineapple
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Grape
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Mango
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Berries
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
9.9 Others
10 Latin America Fruit Powder Market by Application
10.1 Beverages
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Bakery and Confectionery
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Dairy
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Soups and Sauces
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Snacks/RTE Products
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Latin America Fruit Powder Market by Country
11.1 Brazil
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Argentina
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Mexico
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Kanegarde Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Saipro Biotech Pvt Ltd
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 The Green Labs LLC
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Sylvestre Ingredientes Naturais
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Blue Macaw Flora Industria E Comercio De Ingredientes Naturais Ltda
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Sol Organica SA
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Fruit Powder Market: Key Industry Highlights, 2018 and 2032
2. Latin America Fruit Powder Historical Market: Breakup by Fruit Type (USD Million), 2018-2023
3. Latin America Fruit Powder Market Forecast: Breakup by Fruit Type (USD Million), 2024-2032
4. Latin America Fruit Powder Historical Market: Breakup by Application (USD Million), 2018-2023
5. Latin America Fruit Powder Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Latin America Fruit Powder Historical Market: Breakup by Country (USD Million), 2018-2023
7. Latin America Fruit Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Latin America Fruit Powder Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 1187.6 million in 2023.
The market is projected to grow at a CAGR of 6.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1714.6 million by 2032.
The major market drivers include growth of the food and beverage industry and improvement in processing and manufacturing technologies.
The key trends fuelling the growth of the market include the growing demand for nutritious and organic food products, long shelf life of fruit powder, and increasing demand for confectionery and baked goods made from clean ingredients.
The major countries in the market are Brazil, Argentina, and Mexico, among others.
The applications of fruit powder include beverages, bakery and confectionery, dairy, soups and sauces, and snacks/RTE products, among others.
The key players in the Latin America fruit powder market are Kanegarde Limited, Saipro Biotech Pvt Ltd, The Green Labs LLC, Sylvestre Ingredientes Naturais, Blue Macaw Flora Industria E Comercio De Ingredientes Naturais Ltda, and Sol Organica SA, among others.
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