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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Fruit Powder Market Size
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.
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
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 1187.6 million in 2023.
The market is projected to grow at a CAGR of 6.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1714.6 million by 2032.
The major market drivers include growth of the food and beverage industry and improvement in processing and manufacturing technologies.
The key trends fuelling the growth of the market include the growing demand for nutritious and organic food products, long shelf life of fruit powder, and increasing demand for confectionery and baked goods made from clean ingredients.
The major countries in the market are Brazil, Argentina, and Mexico, among others.
The applications of fruit powder include beverages, bakery and confectionery, dairy, soups and sauces, and snacks/RTE products, among others.
The key players in the Latin America fruit powder market are Kanegarde Limited, Saipro Biotech Pvt Ltd, The Green Labs LLC, Sylvestre Ingredientes Naturais, Blue Macaw Flora Industria E Comercio De Ingredientes Naturais Ltda, and Sol Organica SA, among others.
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