The global fruit pomace market is projected to reach a valuation of US$ 3.5 billion in 2023 and is anticipated to grow to US$ 5.0 billion by 2033, recording a compound annual growth rate (CAGR) of 3.5% during the forecast period. This steady growth is fueled by the increasing demand for animal and organic feed, as well as the rising adoption of plant-based diets and nutritional supplements.
Fruit pomace, a byproduct of juice and cider production, is gaining popularity due to its rich nutritional content, including antioxidants and pectin. Manufacturers are leveraging this nutrient-dense material to develop a variety of products such as liquid, powder, and paste forms, which cater to diverse consumer needs. The growing awareness about healthy lifestyles and the benefits of fruit pomace in dietary supplements and animal feed are significant drivers of market demand.
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Key Takeaways
- The market is set to expand at a steady pace, with a projected valuation of US$ 5.0 billion by 2033.
- The versatility of fruit pomace in various industries, including animal feed, nutraceuticals, and food and beverages, ensures a broad market reach.
- Investing in fruit pomace aligns with the global shift towards sustainable and eco-friendly products.
- The growing consumer focus on health and wellness is driving demand for fruit pomace, particularly in the context of plant-based diets and nutritional supplements.
Business Growth Headlines
- Animal Feed and Organic Food Demand Drive Market Expansion The rising demand for animal and organic feed is a significant growth driver in the fruit pomace market. With its rich fiber and nutrient content, fruit pomace is becoming a preferred ingredient in animal feed, enhancing the nutritional value of livestock diets.
- Innovative Product Development in the Food & Beverage Industry Manufacturers are expanding their product lines by developing various forms of fruit pomace, including liquid, powder, and paste. This innovation caters to the diverse needs of consumers and food producers, increasing the adoption of fruit pomace in the food and beverage industry.
- Vegan and Plant-Based Diet Trends Propel Market Growth The increasing popularity of vegan and plant-based diets is significantly boosting the demand for fruit pomace. Products such as apple, tomato, and grape pomace are flourishing in the market, driven by their high nutrient content and health benefits.
- Health Benefits Drive Consumer Adoption Fruit pomace is rich in antioxidants and pectin, making it a beneficial dietary component. The demand for fruit pomace is surging as consumers seek out healthful food products that enhance their diet and boost their immune system.
- Technological Advancements Facilitate Market Expansion The transition from laboratory development to small-batch production is being facilitated by advanced facilities and equipment. This enables manufacturers to scale beverage production efficiently and prepare for mass production, thereby accelerating market growth.
Global Market Survey
- The U.S. fruit pomace market is expected to record a CAGR of 4.3%, reaching a valuation of US$ 524 million by 2033. The growing demand for low-fat, natural, and dietary supplement food items is driving market expansion.
- Canada is set to achieve a CAGR of 4.9%, with an anticipated market value of US$ 373 million by 2033. The rise in urbanization, consumer preference for healthy food trends, and increasing market penetration are key growth drivers.
- The Polish market is expected to grow at a CAGR of 3.3%, reaching US$ 352.4 million by 2033. The increasing prevalence of diseases and the focus on healthy diets are driving the consumption of fruit pomace products.
- The Russian market is projected to grow at a CAGR of 3.1%, with a valuation of US$ 238.3 million by 2033. The innovation in beverages and the rising demand for fruit pomace extract in food products are fueling market growth.
Start-up Ecosystem
Innovative start-ups are playing a crucial role in driving market growth through advanced technologies and sustainable practices. Companies like Lemon Concentrate, LaBudde Group, and Citrosuco are setting benchmarks in quality and innovation, contributing significantly to market expansion.
Key Players in the Market are
- LaBudde Group, Inc.
- Lemon Concentrate S.L.
- Citrosuco S.A.
- Sucocitrico Cutrale Ltd
- Agrana Beteiligungs-AG
- Marshall Ingredients, LLC
- Polyphenolics Inc.
- Louis Dreyfus Company B.V.
- FruitSmart Inc.
- Pacific Coast Fruit Products Ltd.
- GreenField Sp. z o.o.
- Appol sp. z o.o.
- Whole Vine Products
- Yantai North Andre Juice Co. Ltd.
Recent Developments in the Global Fruit Pomace Market are
- In August 2022, the Agrana field day took place on the premises of the Grafenegg estate administration, which nearly 400 farmers attended. The visitors were able to get an understanding of the current varieties of sugar beet and waxy maize in the respective plots.
- In March 2022, Louis Dreyfus Company and its partners celebrated the ground-breaking ceremony for Fuling Food Industrial Park, a joint venture with DOWNLINK group and HAID group in Nansha, Guangzhou.
Conclusion
The fruit pomace market presents a lucrative opportunity for investors, driven by increasing health consciousness, sustainability trends, and the rising popularity of vegan diets. With a steady growth trajectory and diverse applications, the market is poised for significant expansion, offering substantial returns on investment.
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