Latin America Fruit Powder Market Report and Forecast 2024-2032

Latin America Fruit Powder Market Outlook

The Latin America fruit powder market size reached a value of approximately USD 1187.6 million in 2023. The market is further projected to grow at a CAGR of 6.40% between 2024 and 2032, reaching a value of USD 1714.6 million by 2032.

Key Trends in the Market

Fruit powder refers to freeze dried and dehydrated fruits that have been ground into fine powder. The process of freeze drying is conducted while ensuring that the powder retains some of the nutrients that were present in the fruit in its original state. Fruit powders are convenient to transport, store, use, and preserve, and have a longer shelf life as compared to fruits.

• The major trends propelling the Latin America fruit powder market include growing demand for healthy and organic food products. Fruit powders are extremely nutritious as they are full of micro- and macronutrients. They are increasingly being consumed post-workout to fulfil the optimum nutritional requirement and help the body recover its energy levels.

• Increasing awareness about the longer shelf life of fruit powders, coupled with their low cost of transportation and storage, is further boosting their consumption in the region. Fruit powders are dehydrated at low temperatures which increases their shelf stability and ensures that their nutritional value remain intact.

• The demand for confectionery and baked goods made from clean and natural ingredients is increasing, which, in turn, is aiding the Latin America fruit powder market growth. Additionally, fruit powders also offer unmatchable colour, flavour, and texture, and enhance the taste of baked goods.

Market Analysis

On the basis of fruit type, the market is divided into banana, orange, apple, lemon, pineapple, grape, mango, and berries, among others. Based on application, the market is segregated into beverages, bakery and confectionery, dairy, soups and sauces, and snacks/RTE products, among others. By country, the market is segmented into Brazil, Argentina, and Mexico, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America fruit powder market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Kanegarde Limited

• Saipro Biotech Pvt Ltd

• The Green Labs LLC

• Sylvestre Ingredientes Naturais

• Blue Macaw Flora Industria E Comercio De Ingredientes Naturais Ltda

• Sol Organica SA

• Others

Market Share by Application

By application, beverages are projected to witness a significant growth in the coming years. This growth can be attributed to the rising demand for innovative, organic, and flavourful beverages in the region. Fruit powder is widely used as an ingredient in beverage formulations as it dissolves quickly, does not leave sediment, and gives an aesthetic appeal to the beverage. Additionally, the increasing demand for clean label beverages along with organic hot and cold drinks is likely to favour the growth of the market.

Market Share by Country

Mexico is anticipated to witness significant growth in the Latin America fruit powder market over the forecast period. This is due to the wide variety of fruits such as pineapples and mangoes grown in the country. The rising demand for organic ingredients and clean label products is boosting the applications of fruit powder. The usage of fruit powder for beverage applications has also increased as they offer enhanced flavour and boost the aesthetic appeal of beverages.

Competitive Landscape

Kanegarde Limited was founded in 1980 and is headquartered in Stevenage, England. The company specialises in manufacturing of organic ingredients, food ingredients, juices, and juice concentrates, and natural colours, among others.

The Green Labs LLC is known for distribution, commercialisation, and manufacturing of conventional and organic powders, herbal materials, and extracts. The company was established in 2009 and is based in New Jersey, United States.

Sylvestre Ingredientes Naturais is a food and beverage services company that was founded in 2016 and is headquartered in Tatui, Brazil. The company is known for manufacturing organic ingredients and for developing and customising products for the food and beverage industry.

Other major players in the Latin America fruit powder market include Saipro Biotech Pvt Ltd, Blue Macaw Flora Industria E Comercio De Ingredientes Naturais Ltda, and Sol Organica SA, among others.

Key Highlights of the Report

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Latin America Fruit Powder Market Report Snapshots

Latin America Fruit Powder Market Size

Latin America Fruit Powder Market Analysis

Latin America Fruit Powder Market Share

Latin America Fruit Powder Companies