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Guava Puree Market to Witness Growth Acceleration by 2031

07-10-2024 08:38 AM CET | Food & Beverage

Press release from: Transparency Market Research

Guava Puree Market to Witness Growth Acceleration by 2031

The global guava puree market (구아바 퓨레 시장) is projected to grow at a robust CAGR from 2023 to 2031. The market size in 2022 is estimated to be approximately US$ 418.8 Mn, with expectations to reach around US$ 701.6 Mn by 2031. This growth is attributed to the rising demand for natural fruit purees, increasing health consciousness among consumers, and the expansion of the food and beverage industry.

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Market Segmentation

By Service Type:

Organic Guava Puree
Conventional Guava Puree

By Sourcing Type:

Direct Sourcing
Indirect Sourcing

By Application:

Beverages
Baby Foods
Dairy Products
Bakery and Confectionery
Others

By Industry Vertical:

Food and Beverage
Pharmaceuticals
Cosmetics

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Regional Analysis

North America: The North American market is driven by the growing popularity of health drinks and smoothies. The presence of major food and beverage companies further boosts the market.

Europe: In Europe, the demand for guava puree is increasing in baby foods and dairy products. The region's focus on organic and natural products contributes to market growth.

Asia Pacific: Asia Pacific holds a significant market share due to the high production of guava in countries like India and the Philippines. The region also has a growing demand for natural fruit-based products.

Latin America: The market in Latin America is expanding with the rising use of guava puree in beverages and desserts. Brazil and Mexico are major contributors to the market.

Middle East and Africa: The Middle East and Africa market is growing steadily, driven by the increasing use of guava puree in traditional and contemporary cuisines.

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Market Drivers and Challenges

Drivers:

Increasing health consciousness and preference for natural products.
Expansion of the food and beverage industry.
Innovations in product formulations and packaging.
Growing demand for baby foods and dairy products.

Challenges:

Seasonal availability and supply chain issues.
Fluctuations in raw material prices.
Regulatory challenges regarding food safety and quality standards.

Market Trends
Rising popularity of organic guava puree.
Increasing use of guava puree in functional foods and beverages.
Growth in online retail channels for guava puree products.
Innovations in packaging to enhance shelf life and convenience.

Competitive Landscape

The guava puree market is highly competitive with several key players operating globally. Major companies are focusing on expanding their product portfolios, investing in research and development, and adopting strategic partnerships and acquisitions to strengthen their market position. Some notable players in the market include:

ABC Fruits
ITC Limited
Döhler GmbH
LaFruitière du Val Evel
Kiril Mischeff

Future Outlook
The future of the guava puree market looks promising with expected continuous growth from 2023 to 2031. The increasing consumer demand for natural and healthy products, coupled with innovations in food processing and packaging, will drive market expansion. The market is also likely to benefit from the growing popularity of plant-based and functional foods.

Key Market Study Points
Detailed analysis of market size and growth from 2023 to 2031.
Segmentation of the market by service type, sourcing type, application, industry vertical, and region.
Regional analysis highlighting key growth areas.
Identification of market drivers and challenges.
Examination of current market trends and competitive landscape.
Future outlook and growth projections for the guava puree market.

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𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐅𝐥𝐨𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 (Marché à la farine fonctionnel) - https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html

About Us:

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.

Contact Us:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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