Fruit Pomace Market Key Players, Market Analysis, Share, Trends And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Fruit Pomace Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The fruit pomace market size has grown strongly in recent years. It will grow from $3.32 billion in 2023 to $3.51 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to rising disposable incomes, increasing adoption of sustainable agricultural practices, implementation of quality assurance programs, ongoing investments in agricultural research, and consumer loyalty programs.

The fruit pomace market size is expected to see strong growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing demand for plant-based beverages¸ development of biodegradable packaging, rising interest in homemade products, growth of the cosmetics industry, rising awareness of dietary fiber, and focus on reducing sugar content. Major trends in the forecast period include technological advancements in processing, AI-driven analytics, blockchain technology, innovative smart packaging, and integration of IOT in supply chain management.

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Market Drivers and Trends:

The rising popularity of plant-based foods is expected to propel the growth of the fruit pomace market going forward. The rise of plant-based foods is attributed to increasing consumer awareness of the health, sustainability, and environmental benefits associated with plant-based diets. Fruit pomace significantly contributes to plant-based food development by enhancing nutritional value, increasing fiber content, and supporting sustainable practices in production. For instance, in 2023, according to the Good Food Institute Europe, a Belgium-based non-profit organization, plant-based food sales in the UK rose by 9% between 2020 and 2022, reaching a total of $1.2 billion. Therefore, the rising popularity of plant-based foods is driving the growth of the fruit pomace market.

Major companies operating in the fruit pomace market are developing innovative products, such as fruit pomace-based packaging, to provide eco-friendly and sustainable alternatives to traditional packaging materials. Fruit pomace-based packaging refers to packaging materials made from the leftover pulp, skin, and seeds of fruits after juice extraction or processing. For instance, in February 2022, Oregon State University, a US-based research university, launched apple pomace-based molded pulp packaging. The apple pomace-based molded pulp packaging is an eco-friendly alternative to traditional materials, utilizing fruit by-products to reduce waste. It aims to improve water resistance through bio-based solutions such as lignin, chitosan, and glycerol, offering a sustainable packaging option for various applications.'

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Major Key Players of the Market:

Cargill Inc., DSM B.V., G3 Enterprises Inc., Yantai North Andre Juice, FruitSmart Inc., LaBudde Groupor Inc., Herbstreith & Fox GmbH & Co., ALVINESA Natural Ingredients, The Onix Corporation, Lemonconcentrate S.L.U., Elementa ingrédients, Activ'Inside, GreenField Natural Ingredients, ADAR Technologies LLC., Pacific Pectin Inc., Qingdao CTC Feed, Appol sp. z o.o., Pacific Coast Fruit Products Ltd., TBF Group, Lingbao Xinyuan Fruit Industry Co Ltd.

Fruit Pomace Market 2024 Key Insights:

• The fruit pomace market size is expected to see strong growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.
• The Impact Of Plant-Based Food Popularity On The Fruit Pomace Market Growth
• Innovative Developments In The Fruit Pomace Market
• North America was the largest region in the fruit pomace market in 2023

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