De-Ionized Pineapple Concentrate Market Share, Analysis, Outlook (2017-2024)
The concentrate is formulated by the process of reverse osmosis, that removes water in desired proportion from pineapples. It is widely adopted amongst consumers due to its health benefits. Numerous benefits offered by the product include rich nutrient content, additive free nature and longer shelf life as compared to normal juice. It is also rich in manganese, vitamin C, and vitamin B6 that help in fighting flu, high blood pressure, cold, and bronchitis. Additionally, it is consumed in ayurvedic medicines owing to its medicinal advantages. U.S. healthcare industry grew by 5.5% in 2015 as compared to its previous year in terms of revenue. Rising regional healthcare industry will drive de-ionized pineapple concentrate market owing to its applications in curing vital diseases.
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Processed food consumes artificial sweeteners such as fruit juice concentrates of pear, apple, pineapple, and wine grape, as they are easy to use in food manufacturing process. Health conscious consumers often prefer these sweetened products rather than corn syrup and sugar products. Further, there is an image amongst consumers that fruit juice related products are healthier. These factors have propelled the demand for natural, supplements, and organic food products, which in turn will flourish de-ionized pineapple concentrate market in near future.
Macroeconomic factors such as changing consumer lifestyle, increasing urbanization and growing purchase power parity has given rise to consumption of packaged food. To cater this market of packaged food, manufacturers are increasing the usage of de-ionized pineapple concentrate in various packaging products for taste as well as substitute of sugar. Global packaged food market is anticipated to grow at a fast pace, which is expected to complement de-ionized pineapple concentrate market in the forecast timeframe.
To convert the fruit juice concentrate into a sweetener, it must go through an expensive and lengthy process known as stripping. In this method everything such as flavor, color, minerals, and vitamins are stripped out of the juice. This makes it a bit costlier than its counterparts and can hinder global de-ionized pineapple concentrate.
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The product is available in liquid and powder form. Various applications of the product include sweetener and medicines. End-user industries that serve these applications are food & beverages, Ayurveda and pharmaceuticals.
North America is likely to witness significant gains in global de-ionized pineapple concentrate market in forecast period owing to its ever-increasing food industry. U.S. food industry is projected to grow at a decent rate. The concentrate is used in the food products as an artificial sweetener. Asia Pacific follows the consumption pattern of North America in the market as it has booming ayurvedic industry in India. Health conscious consumers are switching towards ayurvedic medicines from pharmaceutical drugs as the former has organic and natural characteristics. Europe had registered substantial growth in de-ionized pineapple concentrate market because of its widening pharmaceutical industry. The region is a base for large number of pharmaceutical industries such as Alexion, AstraZeneca, Baxter, Bayer Ag, Purna Pharmaceuticals, and Uni-Pharma. These drug manufacturers utilize pineapple concentrate for its health benefits. Latin America and Middle East & Africa are at nascent stage in the market which is projected to witness robust growth in the coming years. The growth will be from the flourishing food & beverage industry owing to boost in tourism sector.
Prominent manufacturers in the market include Xiamen Dachuan Technology Ltd, Prime Products Industry Co., Ltd, Tianjin Kunyu International Co., Ltd, Novagreen industries corporation, Herb Barber & Sons Food Broker Inc, Can and con corporation, Thai pineapple canning industry crop Ltd, Mongkolkit industry co.ltd, Kunyu Industrial Co. Ltd, and Fruit Juice Concentrates Co.
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