Published Date : 09 Nov 2022
The global fruit preparation for dairy market size accounted for USD 5.96 billion in 2022 and is expected to hit USD 9.48 billion by the end of 2030, growing at a CAGR of 6.1% during the forecast period from 2022 to 2030.
In the bakery and dairy sector, fruit-filled recipes are seizing a greater portion of the shelf space, captivating the taste buds of consumers. Innovative products are being launched at unparalleled rates to guarantee repeated customer purchases. Fruit preparation involves the usage of multiple forms of fruits like syrups, pieces, seeds, spread, and puree among others in order to make dairy products such as flavored cheese, yogurt, smoothies, milkshakes, fruit creams, and milk alternatives.
Increasing focus on healthy eating along with rising health awareness among individuals across the globe due to sedentary lifestyles are among the major factors boosting the growth of the global industry. Additionally, the rise in consumption of dried fruits worldwide is leading to increased demand for fruit preparation for dairy which is intern fueling the growth of the fruit preparation for the dairy market worldwide. Moreover, the increasing popularity of flavored yogurts in developing regions is having a positive impact on the growth of the global industry. Epigamiahas launched multiple yogurts and smoothie preparations in fruit flavors such as strawberry, blueberry, mango, and raspberry. Further, increasing the use of exotic and tropical fruits in the diet through dairy preparations and the launch of fruit-infused ice creams are other factors to boost the growth of the global market during the forecast time frame. People living in the cities are keen to adopt new products which have additional nutritional content over traditional dairy products such as curd, cheese, and milk, which is in turn creating huge growth opportunities for the major companies of the global market. Further, the constant rise in disposable income and increasing collaborations among leading players in order to increase production capacity and product portfolio are anticipated to augment fruit preparation for dairy market growth.
Fruit Preparation For Dairy Market Report Scope
|Market Size In 2022
|USD 5.96 Billion
|Market Size By 2030
|USD 9.48 Billion
|Growth Rate from 2022 to 2030
CAGR of 6.1%
|2022 to 2030
The report covers data for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. In 2020, North America dominated the global market with a market share of more than 46%. The United States represented the highest share in the North American region primarily due to the well-developed food and beverages industry and the high consumption of berries among individuals in North America. Moreover, increasing focus on the consumption of real fruit-induced beverages in the United States and Canada is expected to have a positive impact on the industry growth. Europe is expected to account for the second-largest market in fruit preparation for dairy in terms of revenue in 2020. The growth in the European countries is attributed to growing awareness among the people regarding the health benefits of fruit-infused dairy products which are boosting the growth of the target industry in the countries of Europe including Germany, the UK, and France among others. Asia Pacific is anticipated to grow at the highest CAGR during the projected time duration majorly due to increasing disposable income, rapid urbanization, entry of western food and beverages brands, the launch of new products, and increasing focus on the consumption of protein-rich foods. Growth in the dairy and food processing sectors is a major factor that is projected to have an optimistic impact on the growth of the target industry in Asian countries.
Key Market Players and Strategies:
The major companies functioning in the worldwide fruit preparation for the dairy market are ORANA A/S, ADM WILD Europe, Döhler GmbH, ZENTIS GMBH, and Chr. Hansen Holding, AGRANA Beteiligungs-AG, Presad, Cesarin S.p.A., INGREDION, chb.gr, Cargill, Incorporated, DDW The Color House, Tree Top, Inc., and Frulact among others. Huge investment in the technological development of fruit preparation for dairy along with business-related collaborations is the crucial business strategy started by the major players operating in the global fruit preparation for the dairy market.
By Fruit Type
By Ingredient Type
By Distribution Channel
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