The Asia Pacific Applesauce market size was around USD XX billion in 2020. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2026.
Applesauce market is excellent, there is the wide range of apple sauce products available in the market due to various benefits apple sauce can provide to the end users. Unsweetened applesauce can help in weight loss, applesauce has the abundance of dietary fibres which keeps the digestive system healthy. Applesauce is the storehouse of antioxidants, required for good health as antioxidants keep free radicals under check. As per U.S. apple association, consumption of apples every day keep diseases like Alzheimer, heart stroke, at bay.
Applesauce can be eaten in combination with other food and beverages item or solely. The concern of the people towards healthy lifestyle and benefits of eating applesauce like antioxidant properties, high fibre content, and good taste are the drivers for this market sector. Applesauce is being sold all over the world and end users are eating this wonderful food product with pleasure and living a disease free life. Applesauce market has a new trend of producing applesauce fusion products where classic applesauce is mixed with several spices and fruits to for different taste and health benefits. This trend is savoury to the end users and hence the sales of the applesauce market are growing. Earlier sweetened and unsweetened food products were the only options available to the consumer however, now producers have increased options to attract more consumer and target a larger market.
Applesauce market is categorized by composition into unsweetened applesauce products, sweetened applesauce products, and flavoured applesauce product. Unsweetened applesauce help in weight loss whereas sweetened and flavoured applesauce sauce is relished by dessert lovers. Flavours like cinnamon, cranberry, raspberry, maple, strawberry, peach and mixed berries are available. Applesauce market is segmented on the basis of packaging as the plastic cup, plastic jar, tin jar and squeeze pack. Packaging plays a significant role in keeping the product hygienic, safe, and tasty. Packaging variety brings several options for the end users which will enhance the sales and revenues as options attract consumers. Type of packaging determines the price of the product, thus, it is the important factor from the market point of view. By distribution channel the market is categorized into specialized stores, Supermarket/Hypermarket, Retail stores, and online shops.
By geography the market is segmented into India, China, Korea, Japan and others. China is the major producer. These regions are primary providers of the raw material for applesauce. India is also a major producer.
Major market players are Materne North America Corp (GoGO sqeezy), Vermont Village Artisan Cannery, White House, Santa Cruz Natural Incorporated, Motts General Mills, Musselman's, and Andros Group (Old Virginia).
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