The growing demand for tropical fruit puree from the beverage industry is expected to enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Mango Puree Market Size, Share & Industry Analysis, By Nature (Organic, Conventional), By Packaging (Cans, Pouches, P.E.T. Jars, Bottles), By Application (Beverages, Infant foods, Bakery and Snacks, Dairy & Frozen Desserts, Dressing and Sauces, Others) and Regional Forecast, 2021-2028.” The market size is expected to rise exponentially during the forecast period.
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The mango puree market report includes:
- All-inclusive evaluation of the market
- Esteemed insights into the segments
- Latest trends and important drivers
- Foremost regions
- Key Development
Surging Popularity of Beverages to Incite Development
The increasing popularity of beverages by using tropical fruits is expected to boost the healthy growth of the market. The growing inclination towards mango-flavored beverages among children is expected to push the growth of the market. Companies such as Coca-Cola, PepsiCo, and Mother Dairy are utilizing mango pulp for the production of numerous beverages, which, in turn, can incite the development of the market. The growing focus of companies towards the expansion of mango processing facilities is expected to bolster the growth of the market. For instance, a group of 3000 mango and vegetable farmers has come together to set up a mango pulp manufacturing unit in Tamil Nadu, which will supply pulp to juice manufacturing complies. Furthermore, the booming juice and processed food industry are expected to improve the prospects of the market in the forthcoming years. Besides, the increasing consumer’s preference towards fruit-based products is likely to incite the development of the market. The high consumption of fruit-flavored yogurt is expected to further aid the market growth.
Major Segments includes:
- E.T. Jars
- Infant foods
- Bakery and Snacks
- Dairy & Frozen Desserts
- Dressing and Sauces
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Rising Focus on Innovative Products to Consolidate Business
The focus on the production of new products, which includes mango puree as a crucial ingredient. For instance, many leading food franchises, such as McDonald’s and Starbucks, have started using mango puree for the preparation of smoothies and shakes. Mango puree is commercially used in puddings, bakery fillings, and as a flavor across the food & beverage industry. In April 2019, Danone India announced the launch of a new mango-flavored protein-X variant. Similarly, AB InBev, one of the world’s largest brewer, introduced bud light seltzer in the mango variant.
The Organic Mango Puree Segment to Hold the Lion’s Share
The organic mango puree segment is expected to hold the largest share due to the consumer inclination towards organic products. Conventional mango puree is expected to hold a considerable share due to its feasibility and cost-efficiency. Furthermore, the pouches segment is expected to rise at a significant rate in the forthcoming years due to its high flexibility and convenience.
High Consumption of Mago to Propel Market in Asia Pacific
The Asia Pacific market is expected to hold a considerable share in the fruit concentrate puree market due to the high production of mango in countries such as India, China, Thailand, and Mexico. The increasing consumer preference towards mango-based products is likely to aid the growth of the market in the region. The growing utilization of mango pure in commercial food preparation is expected to push the growth of the market. Europe is expected to increase exponentially during the forecast period due to the increasing demand for fruit-based yogurt and beverages. According to CBI, Ministry of Foreign Affairs, Europe, in December 2018, the estimated imports of the mango puree to the European Union represent around 20% of the total world imports and the imports are increasing due to high demand.
January 2016: Jain Irrigation System, a renowned multinational conglomerate based in India launched its first branded retail product called ‘AamRus’ in two different variants of Alphonso and Kesar. Aamrus is a sweetened frozen mango pulp, with no added color, flavors or preservatives making it a 100% natural product.
The Report Lists the Key Companies in the Global Mango Puree Market:
- ITC Ltd.
- Kerr Concentrates
- Kiril Mischeff Ltd.
- KUO Yuan Ye Foods Co., Ltd.
- Capricorn, Inborja
- Mother India Farms
- Jain Irrigation
- Danone S.A.
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