Fruit Preservatives Market size was valued at USD 272.4 million in 2023 and is likely to reach USD 431.4 million by 2036, registering around 3.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of fruit preservatives is estimated at USD 280.25 million.
The growth of the market can be attributed to the growing usage of preservatives for different types of fruits in order to avoid their spoilage along with the changing consumer preferences towards fruits. Further, growing production of fruits worldwide, followed by the surge in the demand for ready to eat fruits, along with the growing demand for preservatives from fruit & beverage industry in order to stop the development of disease in fruits, are anticipated to drive the fruit preservatives market growth during the forecast period. On the other hand, the growing awareness for organic preservatives and the need to lower wastage of fruits so as to align with the targets of the sustainable development goals (SDGs) of the United Nations, are also anticipated to drive the market growth. Additionally, increasing trade on fruits and fruit products worldwide is raising the need among the cultivators and processors of fruits to use preservatives to enhance the shelf life of the products, which is also anticipated to drive the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
3.6% |
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Base Year Market Size (2023) |
USD 272.4 million |
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Forecast Year Market Size (2036) |
USD 431.4 million |
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Regional Scope |
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The market is segmented by treatment type into coating, fungicides, sanitizers, and others, out of which, the coating segment is anticipated to hold the largest share in the global fruit preservatives market by the end of 2030. Coatings when applied on the fruit surface provides greater aesthetics and also helps to extend the shelf life. Moreover, coatings also reduce the water loss, slows senescence and aging, and imparts shine.
Our in-depth analysis of the global market includes the following segments
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By Product Type |
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By Treatment Type |
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By Function Type
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By End-Users
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North America Market Statistics
Regionally, the global fruit preservatives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is set to hold largest revenue share by 2036, on the back of growing demand from consumers for fruits along with the rising demand for ready to eat fruits. Moreover, increasing preferences for packaged fruits, presence of numerous manufacturers in the region that manufacture fruit preservatives, and the need amongst the marketers to provide greater aesthetics to the fruit to obtain greater price are some of the additional factors anticipated to drive the growth of the market in the region.
APAC Market Analysis
On the other hand, the fruit preservatives market in the Asia Pacific is anticipated to witness a significant CAGR throughout the forecast period owing to the increasing exports of fruits from several countries in the region.
Author Credits: Parul Atri
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