Apple Sauce Market size was valued at USD 1.88 billion in 2023 and is expected to reach USD 3.82 billion by 2036, registering around 5.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of apple sauce is assessed at USD 1.96 billion.
Growth Indicators
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
5.6% |
Base Year Market Size (2023) |
USD 1.88 billion |
Forecast Year Market Size (2036) |
USD 3.82 billion |
Regional Scope |
|
The global apple sauce market has been segmented on the basis of composition into sweetened, unsweetened and flavoured. The flavoured composition segment is further segmented into mango, strawberry, cinnamon and others. The cinnamon segment registered the largest market share of 45.12% along with a value of USD 148.89 million in the year 2019 and is further anticipated to reach a value of USD 209.77 million by the end of 2036 by growing at a CAGR of 4.07% during the forecast period. Adding cinnamon in apple sauce helps to bring out the sweetness in the sauce without added sugars. Additionally, cinnamon has various health benefits such as it reduces high blood cholesterol and reduces the risk of heart disease. Cinnamon also acts as an anti-inflammatory agent and are also rich in antioxidants.
The global apple sauce market is segmented by regions into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. North America industry is poised to account for largest revenue share of 31% by 2036. Factors such as the increasing disposable income, healthy eating habits, changing customer preferences and others are anticipated to drive the growth of the apple sauce market in North America. The market in the region is primarily driven by the nations such as the U.S. and Canada. U.S. is also anticipated to be the second-largest producer of apple in the world. According to the statistics by the Agricultural Marketing Resource Center, there are approximately 7,500 apple producers in the country, producing about 240 million bushels of apples per year. Additionally, according to the USDA, the production of organic apples has also increased in the United States. In the year 2016, an estimated 583 farms in the United States produced about 521.3 million pounds of certified organic apples. Currently, Washington is the largest producer of organic apples in the country.
Author Credits: Parul Atri
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