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Guanabana Market Projected to Surpass $534 Million by 2031 Amid Rising Health Consciousness

08-07-2024 05:56 PM CET | Food & Beverage

Press release from: Transparency Market Research

Guanabana Market

Guanabana Market

The global guanabana market (과바나 시장), valued at approximately US$ 205.1 million in 2022, is poised for significant growth, projected to reach US$ 534.6 million by 2031, advancing at a remarkable CAGR of 11.2% from 2023 to 2031. This growth is largely driven by the expansion of the nutraceutical sector and a rising vegan population, which are enhancing the demand for this tropical fruit.

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Market Drivers

Expansion in the Nutraceutical Sector

The nutraceutical sector's growth is a primary driver of the guanabana market. Guanabana, also known as soursop or graviola, boasts a rich nutritional profile, containing high levels of fiber, vitamin C, and antioxidants. This makes it an attractive ingredient in the development of health-oriented products. Notably, its various phytochemicals have been linked to a range of medicinal benefits, including:

Cancer prevention: Studies suggest that guanabana may help eliminate cancer cells and boost immune system activity.
Diabetes management: It has been shown to inhibit enzymes like α-glucosidase and α-amylase, which are linked to blood sugar regulation.
Antibacterial properties: Guanabana is effective against several bacterial infections, enhancing its appeal in health products.
Increase in Vegan Population

The growing awareness of climate change, animal rights, and health concerns has led to a surge in the vegan population. In the U.S., for example, nearly 6% of adults identify as vegan, a trend that is reflected globally. As consumers increasingly seek plant-based alternatives, guanabana's health benefits and flavorful profile make it a desirable choice.

The plant-based food market reached US$ 7.4 billion in 2021, demonstrating a 6.2% increase from 2020. This trend is expected to continue, positioning guanabana as a valuable component of the vegan diet.

𝗖𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲 𝘁𝗼 𝘃𝗶𝗲𝘄 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝗻 𝗳𝘂𝗹𝗹 𝗱𝗲𝘁𝗮𝗶𝗹 - https://www.transparencymarketresearch.com/guanabana-market.html

Market Challenges

Despite the promising growth trajectory, the guanabana market faces several challenges:

Restricted Accessibility: Guanabana is primarily grown in tropical regions, which limits its availability in other parts of the world.
Short Shelf Life: The fruit's perishable nature complicates transportation and storage, making it less appealing to retailers and consumers outside its native regions.
Lack of Popularity: In many areas, guanabana remains unfamiliar to consumers, hindering its market penetration.
Regional Insights

North America: Leading Market

North America emerged as the largest market for guanabana in 2022, driven by the increasing popularity of plant-based diets and exotic fruits. The presence of supermarkets, specialty stores, and online platforms offering guanabana products is stimulating growth. Notably, over 60% of U.S. consumers have adopted a more plant-based diet since the COVID-19 pandemic, showcasing a shift toward healthier eating habits.

A survey revealed that 34% of Americans expressed interest in adopting a vegan lifestyle, while 65% reported consuming plant-based products that mimic the taste and texture of animal products. This shift is likely to sustain demand for guanabana in the region.

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Key Players in the Guanabana Market

Several companies are actively participating in the guanabana market (グアナバナ市場), launching diverse product offerings such as juices, ice creams, and dietary supplements. Key players include:

Fructo AG
Raintree Nutrition, Inc.
Amanaci Rohstoffe UG & Co. KG
AUSTROFOOD Cia Ltda.
Flavorah FLV
Amelia Organic Products
Harvest Time Foods, Inc.
ZooScape LLC
Sunshine Naturals
Goya Foods, Inc.
Murugan Pharmacy
Aseptic Fruit Purees
Vilore Foods Company Inc.
NOW Health Group, Inc.
Jumex Group
Browse More Reports by TMR:

Dehydrated Vegetables Market (Markt für dehydriertes Gemüse) - https://www.transparencymarketresearch.com/dehydrated-vegetables-market.html

Beef Extract Market (Marché des extraits de bœuf) - https://www.transparencymarketresearch.com/beef-extract-market.html

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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Transparency Market Research Inc.
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